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City’s latest plans for False Creek bring into focus an entirely new neighbourhood coming to Vancouver

The city has released a new and more complete draft of its plans for a post-viaducts Northeast False Creek. The concept artwork includes a big expansion of Creekside Park, an entirely new entertainment district, and a lot of condo towers. There’s also a newly elevated Dunsmuir Park. The massive redevelopment ...

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Greater Vancouver home sales edging back to record levels !

The Real Estate Board of Greater Vancouver says home sales across the region returned to near record levels in May, driven by an increasing demand for condominiums and townhomes, rather than single-family homes. “First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of ...

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Home buyer activity returned to near record levels across the Metro Vancouver* housing market in May!

VANCOUVER, BC – June 2, 2017 – Home buyer activity returned to near record levels across the Metro Vancouver* housing market in May. Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, ...

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What Will the NDP-Green Alliance Mean for Real Estate?

Three weeks after the provincial election, we now know that the BC NDP and Green parties intend to work together in a minority government. On May 30, the parties released their joint agreement, outlining the foundations of their alliance and the key policy issues they intend to work on. What ...

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BC Commercial Leading Indicator Signals Robust Growth

http://www.bcrea.bc.ca/news-and-publications/news-room/news-releases/commercial-leading-indicator-news-release Vancouver, BC – May 30, 2017. The BCREA Commercial Leading Indicator (CLI) increased for the fifth consecutive quarter, rising 0.5 index points from the fourth quarter of 2016 to the first quarter of 2017. The index now sits at 128.0, a 4 per cent increase from a year ago ...

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BCREA releases housing affordability plan

https://www.biv.com/article/2017/4/bcrea-releases-housing-affordability-plan/   Increasing the number of homes built along transit corridors, raising the property transfer tax threshold and incentivizing faster approval processes are all necessary to improve housing affordability across the province, according to the British Columbia Real Estate Association’s housing affordability plan released April 19. The group has proposed ...

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If you sold your home last year you have to report it on your taxes for the first time!

http://bit.ly/2n85M79 OTTAWA — When Ottawa unveiled a tightening of mortgage lending rules last fall, it also implemented a small but important change that will affect hundreds of thousands of tax filers this year. For the first time, Canadians who sold their homes in 2016 will have to report it to ...

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Demand for homes continues to outpace supply in Metro Vancouver!

A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March. Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent from the 5,173 sales recorded in record-breaking March 2016 ...

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