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REAL ESTATE NEWS

Latest News about The Real Estate Laws and its impact to the industry.

Real estate sales in Greater Victoria show signs of recovery

Real estate sales in Greater Victoria show signs of recovery

February 9, 2020

The head of the association representing Greater Victoria realtors sees the local market on a trajectory towards recovery.
Sandi-Jo Ayers, president of the Victorial Real Estate Board (VREB), said new figures for January already distinguish this year from the previous year. ...

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Insurance issues could cause B.C. condo market collapse

Insurance issues could cause B.C. condo market collapse, homeowners association warns

February 6, 2020

There are dire warnings that the condo real estate market in B.C. could collapse unless the province steps in to stop it.
A representative of a condo owners' association says recent changes to insurance rates mean that not only are buildings having to pay more for coverage - some are being denied altogether. ...

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Real Estate Board of Greater Vancouver reports January housing sales up from same month in 2019

Real Estate Board of Greater Vancouver reports Jan housing sales up from same month in 2019

February 4, 2020

The number of residential real-estate transactions last month remained 7.3 percent below the 10-year average for January, according to the Real Estate Board of Greater Vancouver.
But sales last month were still a whopping 42.4 percent above the figure recorded in Jan 2019, when the housing market was in the doldrums. ...

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Metro Vancouver’s residential real estate prices continue to creep up

Metro Vancouver’s residential real estate prices continue to creep up

February 4, 2020

The Metro Vancouver residential real estate market has had a fairly strong start to the year, relative to the poor performance of one year previously, the Real Estate Board of Greater Vancouver reported February 4.
There were 1,571 home sales on the MLS in January, which is a 42.4 per cent increase over January 2019. ...

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