Grant Li

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$1,496 rent for studio in proposed East Vancouver building deemed 'affordable'

Can a studio residential unit in East Vancouver with an average rental rate of $1,496 per month be really called ‘affordable?’That is the language …

Housing

It’s not just sky-high home prices that make Vancouver so unaffordable — it’s paltry wages, too

Want to pay San Francisco housing prices on a Columbus, Ohio income? Move to Vancouver.<p>While policymakers from Seattle to Boston lament a growing …

Canadian Real Estate

B.C.’s former illegal-gaming enforcement commander makes startling claim about what he could not investigate

Authorities called it the flow of dirty money into B.C. casinos captured on undated surveillance footage.<p>But what happened outside the view of …

Corruption

Businessman accused of fraudulently buying Vancouver real estate — and killing his lender

The family of a Chinese man who was the victim of a homicide is suing his accused killer for the millions of dollars it claims he borrowed from the …

Canadian Real Estate

Taxes Paid When Buying A Home Are Unbelievably Unequal Across Canada, Data Shows

Buyers in the priciest markets also face the highest land transfer tax rates.<p>What costs more than $20,000 in Vancouver and just $239 in Edmonton? The …

Canadian Real Estate

‘Dirty money’ is destroying Vancouver’s civic fabric—and causing lasting damage

<b>This opinion piece is courtesy Maclean’s</b>It’s the opposite of an American rust-belt wasteland of shuttered factories, and it’s nothing like one of …

British Columbia

How to Cool a Red-Hot Property Market Singapore-Style

Faced with surging home prices in the early 2010s, Singapore introduced a slew of cooling measures that succeeded in taming the housing market. Now, …

Real Estate

The best and worst Vancouver neighbourhoods to buy a condo or townhome (INFOGRAPHIC)

It’s no secret that making the move from renting to purchasing a home any number of Metro Vancouver neighbourhoods is an exciting time. However, with …

Western Canada

Chinese inquired about US$1.45B worth of Canadian properties last year: Juwai

MONTREAL — A website for buyers of overseas properties says Chinese nationals expressed interest in about US$1.45 billion worth of Canadian …

Canadian Real Estate

Horgan won’t rule out naming names and placing blame in money laundering probe

A week after the release of an independent report into money laundering in B.C. casinos, Premier John Horgan says it’s still possible the government …

Corruption

Here are the cities with the highest – and lowest – real estate taxes in Canada

Buying a house in Canada briefly became a little less challenging late last year, but that small gain is now already gone, as rising interest rates …

Canadian Real Estate

Owning a house in Vancouver costs the average person 120 per cent of their income, says RBC | The Star

VANCOUVER—Owning a home in Vancouver is the most unaffordable it has ever been in any Canadian city, according to economists at the Royal Bank of …

Canadian Real Estate

B.C. Lions player says housing market is so tight, he’ll offer free season tickets to potential landlords

Since returning to the B.C. Lions this season, Jovan Olafioye has spent much of his down time searching for a home.<p>But from downtown Vancouver to …

Housing

Foreign buyers tax on trial — but B.C. claims crisis called for action

A landmark civil trial kicked off Monday testing the legality of a foreign buyers tax enacted by the province of British Columbia in response to a …

Canadian Real Estate

Just how many foreign home buyers are in Metro Vancouver?

If you ask what's to blame for Vancouver's hot housing market, many people will point to foreign buyers.<p><b>Tell us your housing woes by joining our CBC</b> …

B.C. realtors banned from representing both buyer and seller starting Friday

New rules designed to protect consumers in B.C.’s real estate market will take effect on Friday.<p>Under the changes, which will be enforced by the Real …

This Week’s Top Stories: Chinese Government Seizes Billions In Canadian Real Estate, and Top Chinese CEO Thinks Vancouver Is “Overpriced”

Busy this week? Don’t worry, we’ve got you covered with our cheat sheet on this week’s top real estate stories.<p>Canadian Real Estate<p>Regulators are …

Foreigners are banned from buying property in New Zealand — Canada should do the same

Diane Francis: Canada must close loopholes, end secrecy, and ban foreign ownership of real estate<p>As of January 1, foreigners are banned from buying …

Real Estate

Douglas Todd: Vancouver's housing crisis revealed by looking to China, Australia, New Zealand

To understand Metro Vancouver’s housing market in 2017, and how B.C.’s politicians could ease the affordability crisis in the future, it’s necessary …

Tax avoidance behind Metro’s disconnect between housing, income

After census figures this week revealed alarming gaps between housing costs and average incomes in Metro Vancouver, a veteran real-estate analyst …

Real Estate

Is Your City Being Sold Off to Global Elites?

"See the little pair of shoes?" Kerry Starchuk brings her minivan to a halt before a sprawling manse with antebellum columns and a cast-iron fence …

Who will step up to fix British Columbia’s housing crisis?

I've walked by the building on my way to work nearly every day since the renovation began. A wholly unremarkable grey stucco, three-storey walk-up at the corner of Keefer and Heatley in Strathcona, raised and perched – rather precariously for a time – on an arrangement of stacked timber.<p>To my …

Toronto's level of risky mortgage debt puts Vancouver's to shame

High Risk Mortgages<p>People taking out high-ratio mortgages combined with incomes too low for the property value, is spreading across Canada. A high-ratio mortgage is defined as a mortgage where the buyer leaves less than a 20% downpayment. The BoC and MoF have both expressed concern when high-ratio …

Amazon Go Is Proof That Business Partnerships Rarely Work

Earlier this month, online retail giant Amazon unveiled its first convenience store concept. At Amazon Go, shoppers would buy perishable goods like …

Chinese property mogul wants to speak to Trudeau about B.C. foreign buyers’ tax | The Star

“While investment from outside Canada is only one factor driving price increases, it represents an additional source of pressure on a market …

First-time homebuyers take hit with new mortgage rules

Dil Kaur's dream of a two-bedroom condo was already a downgrade from her original idea of buying a detached house somewhere within the Metro …

Canadian Real Estate

How principal-residence tax changes will affect every Canadian homeowner

Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our existing tax rules. But the changes also catch many Canadian residents who, in the past, have often inadvertently escaped paying …

Vancouver housing crisis prompts dramatic rethink

When Vancouver planners developed a 10-year strategy to improve housing options in the city back in 2012, the situation was already dire.<p>So, in the strategy councillors approved, they set ambitious targets for creating different forms of low-cost housing, including a target of 5,000 subsidized …

Is the B.C. property levy on ‘foreign buyers’ a new head tax?

<i>Henry Yu is an associate professor, Department of History, University of British Columbia.</i><p>I was recently asked whether the 15-per-cent property tax imposed by the B.C. government on "foreign buyers" is a new "head tax." My questioner was referring to the Chinese head tax in effect between 1885 and …