NEW REGULATIONS

Home sales fall nearly 17% in February from a year ago:CREA

Canada's national average home price was down five per cent and sales volume was down 16.9 per cent in February compared with a year ago, evidence that many buyers raced to purchase before new mortgage rules came into effect...


Supply shortages in Toronto, Vancouver left house prices 'nowhere to go but up'
Home construction in Toronto and Vancouver failed to keep pace with surging demand between 2010 and 2016, leaving prices with “nowhere to go but up,” according to a new report from Canada’s federal housing agency...


Benchmark price for Vancouver condos reaches $682,800
The Real Estate Board of Greater Vancouver's data showed that 2,207 homes sold last month. That's down nine per cent from the same time last year and 14.4 per cent from the 10-year February average.Detached homes experienced the biggest drop, down 39.4 per cent compared to the average. Townhomes fell 6.8 per cent, while condos rose 5.5 per cent...

REAL ESTATE MARKET

B.C. Budget 2018: B.C. NDP increases and extends housing taxes in effort to rein in speculation

Premier John Horgan’s NDP government has taken steps to tamp down speculation in B.C. real estate by imposing a new speculation tax and increasing the foreign buyers tax to 20 per cent.


Vancouver city council passes motion calling for real estate ‘flipping tax’
The provincial government unveiled a suite of new taxes aimed at cracking down on
property speculators on Tuesday, but Vancouver City Council says it doesn’t go far enough.


New rules stem Chinese real estate investment in Canada
China's restrictions on foreign real estate purchases sharply slowed Chinese investment in Canadian offices, hotels and other large properties late last year– even before Beijing's dramatic seizure of Anbang Insurance Group, whose buying spree had driven up prices.