Real estate

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
Pat Kauwell, a semi-retired construction manager, lives in his fifth-wheel trailer on Maxey Road because that’s what he can afford on his pension, but a Regional District of Nanaimo bylaw prohibits using RVs as permanent dwellings, leaving Kauwell and others like him with few affordable housing options. (Chris Bush/News Bulletin)

Rules against RV living hard on Island residents caught in housing crunch

Regional District of Nanaimo bylaw forcing pensioner to move RV he calls home off private farm land

Pat Kauwell, a semi-retired construction manager, lives in his fifth-wheel trailer on Maxey Road because that’s what he can afford on his pension, but a Regional District of Nanaimo bylaw prohibits using RVs as permanent dwellings, leaving Kauwell and others like him with few affordable housing options. (Chris Bush/News Bulletin)
A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home sales up 76% year-over-year, set new March record: CREA

On a month-over-month basis, sales in March were up 5.2 per cent compared with February

A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick
A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward

1 in 3 young Canadians have given up on owning a home: poll

Data released Monday says 36% of adults younger than 40 have given up on home ownership entirely

A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward
Building on the success of Black Press Media’s niche digital platforms, Today’s Home brings the same wealth of knowledge and local expertise to the search for a home, be it buying, selling, or even just daydreaming about what changes you can make in the future.
Building on the success of Black Press Media’s niche digital platforms, Today’s Home brings the same wealth of knowledge and local expertise to the search for a home, be it buying, selling, or even just daydreaming about what changes you can make in the future.
Michael Tremblay. Darren Hull photography

Charting The Course

Michel Tremblay navigates work and adventure

  • Mar 29, 2021
Michael Tremblay. Darren Hull photography
(Pixabay)
(Pixabay)
The Woodside Farm farmhouse. (Contributed photo)

Sooke’s historic Woodside Farm sold to local couple

Woodside Farm is the oldest continuously operated farm west of the Great Lakes, says musuem

The Woodside Farm farmhouse. (Contributed photo)
Low interest rates have acted as a catalyst for the pandemic real estate market. THE CANADIAN PRESS/Graeme Roy

Millennial homebuyers benefiting from pandemic pricing

Mortgage rates at lowest in decades, helping people enter the market

Low interest rates have acted as a catalyst for the pandemic real estate market. THE CANADIAN PRESS/Graeme Roy
(Pixabay)

Kelowna real estate group hacked, confidential information leaked online

RE/MAX Kelowna victim of malware attack, insist no client data leaked

(Pixabay)
In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)

Here’s how many months you would have to save up to buy a home in these B.C. cities

Best to start planning early, the National Bank of Canada has found

In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)
FILE – A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

B.C. residential real estate prices have gone up by 16% since last January: report

BCREA said unit sales and dollar sales volume were much higher than January last year

FILE – A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
(AP Photo/Elaine Thompson, File)

16% boom predicted for B.C. real estate sales in 2021: experts

Along with sales, the average price of homes is also predicted to rise, by nearly 8 percent

(AP Photo/Elaine Thompson, File)
Located at 9750 West Saanich Rd., this North Saanich mansion is on the market for $10.25 million. (Realtor.ca photo)
Located at 9750 West Saanich Rd., this North Saanich mansion is on the market for $8.65 million. (Realtor.ca photo)

The five most expensive homes for sale in Greater Victoria

A roundup of luxury estates currently on the market

Located at 9750 West Saanich Rd., this North Saanich mansion is on the market for $10.25 million. (Realtor.ca photo)
Located at 9750 West Saanich Rd., this North Saanich mansion is on the market for $8.65 million. (Realtor.ca photo)
A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

W-shaped recovery would be ‘very severe’ without government assistance: CMHC

The corporation says the COVID-19 pandemic could trigger nearly 50 per cent drop in housing prices

A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz

Annual pace of housing starts down in December: Canada Mortgage and Housing Corp

Rural starts were estimated at a seasonally adjusted annual rate of 22,373 units

Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz