Real estate

A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home prices up 16% in June for largest 12-month gain on record, says index

Halifax led with prices climbing 30.8 per cent over the past year

 

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts in Canada slowed in June: CMHC

The seasonally adjusted annual rate of housing starts fell 1.5% to 282,070 units in June compared to 286,296 in May

 

Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan

CREA reports home sales down 8.4% month-over-month in June

CREA said 73,402 homes were listed in June, down 0.7 per cent from 73,912 in May

 

Real estate prices are high and so is demand, but low inventory has seen home prices increase even more since June 2020. (Black Press Media file photo)

High demand, low inventory driving Greater Victoria real estate prices up

$1.063 million bought the typical single-family home in region’s core in June

Real estate prices are high and so is demand, but low inventory has seen home prices increase even more since June 2020. (Black Press Media file photo)
A rendering of One Bear Mountain, a 209-unit condo building expected to begin construction in Langford in early 2022. (Courtesy of 360 Pacifica and Terracap corporations)

18-storey condos with 15th floor pool to soar on Langford mountaintop

One Bear Mountain expected to begin construction in early 2022

A rendering of One Bear Mountain, a 209-unit condo building expected to begin construction in Langford in early 2022. (Courtesy of 360 Pacifica and Terracap corporations)
Victoria Truth Centre and Long-term Inmates Now in the Community (L.I.N.C.) Society are hoping to replicate in Langford the format used on Emma’s Farm in Mission, pictured here. (Patrick Penner/Black Press Media)

Victoria Truth Centre hopes to grow transformative justice in Langford

Purchase proposal would see offenders, survivors and families work on organic vegetable farm

Victoria Truth Centre and Long-term Inmates Now in the Community (L.I.N.C.) Society are hoping to replicate in Langford the format used on Emma’s Farm in Mission, pictured here. (Patrick Penner/Black Press Media)
People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette

May home sales fell 7.4 per cent, but on pace for record level this year: CREA

Canadian Real Estate Association predicting 2021 will see transactions rise 23.8 per cent

People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette
Between June 1 and 7, 168 net unconditional sales were made for properties in the VREB region. (Black Press Media file photo)

Victoria home sales slightly behind last June’s pace

Benchmark value of single-family home in Greater Victoria tops $1 million

Between June 1 and 7, 168 net unconditional sales were made for properties in the VREB region. (Black Press Media file photo)
White Rock’s 14635 Marine Dr. has been listed for $3,998,000. (Aaron Hinks photos)

PHOTOS: ‘Whimsical fairy tale’ B.C. house listed for $4 million

Owner wants to sell waterfront home in White Rock so she can buy a castle in France

White Rock’s 14635 Marine Dr. has been listed for $3,998,000. (Aaron Hinks photos)
Victoria has fallen in its national ranking by millennials among best places to live, according to research done by Point2. (Don Descoteau/News Staff)

Victoria falls six positions to eighth in millennials’ ranking of city centres

Healthcare, life satisfaction saw monumental backslides in the past four years: Point2

Victoria has fallen in its national ranking by millennials among best places to live, according to research done by Point2. (Don Descoteau/News Staff)
Realtor Tammi Dimock says it’s become typical for a client to put in five to 10 offers before one is accepted, which is stressful for clients and their realtors. (Zoe Ducklow/News Staff)

Houses selling for $30K – $100K over asking the new normal, Sooke realtors say

‘There used to be an opportunity to negotiate. There’s no negotiation now.’

Realtor Tammi Dimock says it’s become typical for a client to put in five to 10 offers before one is accepted, which is stressful for clients and their realtors. (Zoe Ducklow/News Staff)
A home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

CREA says April home sales down 12.5 per cent from record high set in March

The actual national average home price was a little under $696,000 in April

A home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Budget’s foreign-homebuyers tax could bring in $509 million over 4 years, PBO says

Liberals are proposing a one per cent tax on vacant homes owned by foreign non-residents

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A Tofino waterfront condo was listed for $1.4 million. It sold for $2.4 million. (RE/MAX Mid-Island photo)
A Tofino waterfront condo was listed for $1.4 million. It sold for $2.4 million. (RE/MAX Mid-Island photo)
Ozzie Jurrock. Photography by Lia Crowe

The Visionary

Ozzie Jurrock wrote the book on real estate

  • May 7, 2021
Ozzie Jurrock. Photography by Lia Crowe
B.C. average home price and sales level to 2023, showing steep drop in sales expected next year. (Central 1)

Forecast calls for B.C. home sales to ‘explode,’ then drop off

Average price to rise another 10% in 2021, credit unions say

B.C. average home price and sales level to 2023, showing steep drop in sales expected next year. (Central 1)
A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito

CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023

The agency also predicts that rental demand will rebound as immigration recovers

A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito
The $12.8 million house at 587 Vancouver Avenue in Penticton, nominated for several International Design Awards, is described as a property that “has been designed with an obsessive level of attention to detail.” (Jon Adrian / Kevin Chen Realty)

$12.8 million Penticton home listing sparks racist, hateful comments

Realtor Kevin Chen reported threats made against him to police

The $12.8 million house at 587 Vancouver Avenue in Penticton, nominated for several International Design Awards, is described as a property that “has been designed with an obsessive level of attention to detail.” (Jon Adrian / Kevin Chen Realty)
(The Canadian Press)

More than half of B.C.’s first-time homebuyers plan on heading to suburbs for their purchase

First-time buyers largely wanted a detached home, with 61 per cent eyeing that option

(The Canadian Press)
Finance Minister Chrystia Freeland holds a press conference in Ottawa on Tuesday, April 20, 2021. THE CANADIAN PRESS/Sean Kilpatrick

More supply needed to ease housing price crunch, but always more to do, Freeland says

Federal budget promised $2.4B over five years, beginning with nearly $1.8B this year, for affordable housing

Finance Minister Chrystia Freeland holds a press conference in Ottawa on Tuesday, April 20, 2021. THE CANADIAN PRESS/Sean Kilpatrick