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Historically low interest rates set by the Bank of Canada make it relatively risk-free for speculators to borrow large sums of money and invest in real estate - driving up prices in the process. Under the radar That has prompted comparisons to the spike in foreign investment that enveloped Vancouver's real estate market, and pushed up housing prices to the point where the provincial government stepped in with tax measures to slow the rush. ... Besides his ...

Home prices in Canada rose for the 15th straight month in a row in April, according to the Teranet-National Bank house price index, which once again hit its highest levels ever. But virtually all the strength seen over the past year came from just ... Vancouver's high real estate prices spilling over to Chilliwack That's according to a Canada Mortgage and Housing Corporation (CMHC) report issued last week that addressed the spill-over effect, something also affecting the largest housing market in the country in Toronto. “When home prices in the City of Vancouver ...

But recent reports show that whatever effect it had has almost disappeared, with Statistics Canada reporting this week that Vancouver prices are rising again, and the Canadian Real Estate Association saying that prices are back above where they were in ... http://rock.ly/vat2e Vancouver House For Sale In Bitcoin A Sign Of Suspicious Activity The asking price? A measly-sounding 2,099 bitcoin. But that's not chump change - it's C$4.85 million at current exchange rates, pricey even by Vancouver standards. The house is described as “new” in the ad and looks unlived-in in the pictures provided.

Real Estate Association says ... New data from the B.C. Real Estate Association (BCREA) shows housing supply in the province is at a 20-year low, and the association says that lack of supply ... How long would millennials have to forgo avocado toast to buy a home in Canada? WATCH: Australian millionaire Tim Gurner has found himself at war against millennials, after saying buying treats like avocado toast are putting home ownership out of reach for a generation.

Expectations for Canada's housing market are heating up, with more than half of respondents in a weekly telephone survey predicting home prices will rise, the first time the measure has topped 50 percent in records dating back to 2008. The bullishness ... Canada's Housing Market Has 30% Chance Of Busting Out: Goldman Sachs Notably, however, it said the overbuilding is not in Canada's hottest markets -- the Toronto and Vancouver regions -- but primarily in Alberta and Saskatchewan, where demand for new homes slumped after the oil price collapse. “We would stress that in ...

With rising housing prices across Metro Vancouver, many younger people are finding themselves pushed out of the real estate market due to lower incomes. House for sale in bitcoin on Craigslist upsets Realtor House for sale in bitcoin on Craigslist upsets Realtor ... With thousands of homes for sale in Metro Vancouver one house stands out.

Luxury home sales increased 44 percent in Canada in 2016 and the pace of sales in Toronto and Victoria were in the top five in the world. Housing helped drive NDP's Metro Vancouver gains It is no coincidence that the BC NDP's biggest upset wins were in Metro Vancouver and Fraser Valley communities that have seen double-digit annual house price increases over the past two years, and a shortage of rental homes, real estate analysts say ...

After two weeks of rehearsals that entertained many Vancouverites and annoyed others, U2 is ready to kick off their Joshua Tree 2017 Tour at B.C. Place tonight. The Irish ... Backed by a massive screen, U2 rocked into the night in front of a packed ... Douglas Todd: Government must crack down on dark money to create housing affordability in Vancouver The governments of Canada and B.C. have consistently failed to protect Canadians from unsavoury, tax-evading speculators in real estate, who have made Metro Vancouver and Toronto housing unaffordable. Even though most Canadians ... Because the federal ...

John Horgan stood in front of a modest $1.2 million Burnaby home last week and told struggling families that he will help them to be able to afford housing in B.C., with an ambitious plan critics are calling 'unrealistic.' "Our plan calls for 114,000 ... Shaughnessy homeowner compares density to 'stacking of human cargo' on slave ships A homeowner in one of Vancouver's wealthiest neighbourhoods has compared the city's desire to increase housing density with the "stacking of human cargo" aboard slave ships. Mik Ball, a board member from the Shaughnessy Heights Property Owners' ...

With Vancouver feeling the effects of a tax on foreign buyers, international investors are turning to pricey real estate in B.C.'s quaint provincial capital. So much so, in fact, that the city now ranks among the world's top two luxury property markets. Data Centre Canada's home prices climbed 1.2 per cent in April compared with March, according to new data from the Teranet-National Bank House Price Index. Eight of the 11 metropolitan markets surveyed experienced month-over-month price gains. The composite ... http://rock.ly/f-e50

I also know that your job is not to look after the rest of Canada, but the fact is that you have voted against economic development and to impede the national economy, reliant as it is on resource development. Pipelines and Donald Trump: British Columbia Goes to the Polls Housing prices in Vancouver have soared over the past decade to an average of $1.3 million for a single-family home (or about 1.8 million Canadian dollars at current exchange rates). Residents say offshore buyers are bidding prices up, prompting ...

Housing prices in Vancouver have soared over the past decade to an average of $1.3 million for a single-family home (or about 1.8 million Canadian dollars at current exchange rates). Residents say offshore buyers are bidding prices up, prompting ... Moody's downgrades Canadian banks: Beginning of the end for the housing market? “Continued growth in Canadian consumer debt and elevated housing prices leaves consumers, and Canadian banks, more vulnerable to downside risks facing the Canadian economy than in the past,” David Beattie, a senior vice president at Moody's said in a ...

The impact of Vancouver's booming housing market can be felt as far away as Kelowna, once you start looking at the long-term impact on the country's most expensive market for housing, says Canada Mortgage and Housing Corp. In a report out Thursday, ... http://rock.ly/7okjl Vancouver housing market is rebounding from tax impact, with prices up 5% in three months Prices in Canada's most expensive city for existing homes appear to have rebounded from the impact of a tax on foreign buyers as Vancouver realtors reported Tuesday a huge swing in demand for condominiums and townhomes in April. The Real Estate Board ...

A real estate sold sign is shown outside a house in Vancouver. Jonathan Hayward/THE ... On top of that, the party adds a progressive surtax on property that is payable if owners can't show rental income or B.C. income tax paid and a homeowner grant ... Green Party is poised to shift power balance in British Columbia A progressive environmental political party is poised to claim the balance of power in British Columbia, home to Canada's fastest-growing economy and the front line in battles over oil pipelines, soaring real-estate prices and the economic benefits of ...

She wanted to talk about an issue on everybody's lips -- skyrocketing real estate prices that make it impossible for adult children to afford housing. Home search: Vancouver couple decides best option is to move across the water However, an economic analysis released on May 3 by the Vancouver-based Central 1 Credit Union noted that housing markets in B.C. have “proven more resilient than expected”. Although the median resale price in the province is expected to decrease by ...

Workers sorted lumber at a mill in Maple Ridge, British Columbia, last month. President Trump's recently announced tariffs would threaten the province's ... http://rock.ly/rx9dl BC Election 2017: Political parties make promises for affordable housing Real estate experts say prices are now rising in other B.C. cities, as workers priced out of Metro Vancouver, or home-sellers enjoying windfall gains, leave the Lower Mainland and buy homes elsewhere. The B.C. Liberals, NDP, and Greens all agree that ...

BURNABY, British Columbia -- British Columbia Premier Christy Clark has a key, unwitting ally as her unpopular, polarizing, scandal-tinged government tries to ... No B.C. party proposals will have an immediate impact on the ... Nothing that any political party is proposing in B.C.'s imminent provincial election will have an immediate, dramatic effect on the housing market, say experts.

British Columbia Premier Christy Clark's push to expand oil pipelines and develop a liquefied natural gas industry on Canada's Pacific Coast is at risk as she faces a tight election battle Tuesday with a rival who vows to turn back the clock on energy ... No BC party proposals will have an immediate impact on the housing market: experts Nothing that any political party is proposing in B.C.'s imminent provincial election will have an immediate, dramatic effect on the housing market, say experts. Although parties are proposing measures as significant as, from the Greens, a 30-per-cent ... http://rock.ly/vcgs8

home prices increase and development projects ... Western Investor's media content roundup for the week of May 1 to May 5, 2017, featuring top stories on B.C. and Manitoba real estate. Tight British Columbia election puts energy projects at risk VANCOUVER (Bloomberg) -- British Columbia Premier Christy Clark's push to expand oil pipelines and develop a liquefied natural gas industry on Canada's Pacific Coast is at risk as she faces a tight election battle Tuesday with a rival who vows to turn ... http://rock.ly/tgwcs

Canada provides close to one-third of the U.S. market for softwood lumber, and efforts to reach a new deal before Donald Trump entered the White House fell apart after the outgoing Obama administration had proposed a dramatically reduced share of the U ... Canada provides close to one-third of the U.S. market for softwood lumber, and efforts to reach a new deal before Donald Trump entered the White House fell apart after the outgoing Obama administration had proposed a dramatically reduced share of the U ...

A homeowner in one of Vancouver's wealthiest neighbourhoods has compared the city's desire to increase housing density with the "stacking of human cargo" ... Soaring house prices, shifting lifestyles driving condo craze, experts say Isaman is part of a growing contingent of Canadian families opting for the compact condo lifestyle over the white picket fence and the sprawling suburban McMansion as space runs out in Canada's biggest cities and housing prices remain out of reach for ...

VANCOUVER, B.C., May 5, 2017 /Troy Media/ - Housing prices in Vancouver have caused a frenzy, as analysts, pundits and activists wrestle with how to improve affordability. http://rock.ly/gkdi0 Housing, economy, leadership feature in final BC election debate by Dirk Meissner, The Canadian Press. Posted Apr 26 ... VANCOUVER - British Columbia's election campaign is entering its final stretch after a TV debate Wednesday night that saw the three party leaders spar on the economy, housing and political ...

These people need to live somewhere, and the destination is increasingly outside Vancouver, with Surrey projected to eventually overtake Vancouver as B.C.'s largest city. To take pressure off the cost of living in Vancouver, the city should build more ... If You're Priced Out Of Canada's Hot Housing Market - Stay Out Hopeful homebuyers find themselves the targets of a steady stream of advice bombs about how to save more and spend less, complete with suggestions of different housing types at lower price points, and "coming soon" communities in the nether regions ...

With BC Housing, I have made good progress in Squamish, Whistler and Pemberton on employee, seniors and vulnerable population-oriented housing projects. The BC Liberals have made the largest investment in affordable housing anywhere in Canada. B.C. Election: Christy Clark accepts her haters Her critics say she neglected B.C. public schools and teachers, let Metro Vancouver housing prices rise to unprecedented levels without intervention and pushed through energy projects the province didn't want or need.

In 10 of Canada's 35 so-called "census metropolitan areas," "single-detached houses represented less than half of occupied private dwellings in 2016," the agency reported, including in Vancouver. Indeed, in B.C., the share of single-detached houses ... http://rock.ly/duhzr 'This is an ugly market': A look at Langley, Abbotsford and Chilliwack ... First-time home buyers struggle to find their dream homes even an hour out of Vancouver. Prices for townhouses and condominiums have gone up significantly ... http://rock.ly/2pc6v

Vancouver Especially is a public art piece from 2015 by Canadian artist Ken Lum. The installation is a small replica of the mass-produced “Vancouver Special” ... Soaring house prices drive condo craze In 10 of Canada's 35 so-called "census metropolitan areas," "single-detached houses represented less than half of occupied private dwellings in 2016," the agency reported, including in Vancouver. Indeed, in B.C., the share of single-detached houses ...

Lum originally planned to produce his replica for the same price and scale the work in relation to current property prices. Everything you need to know about Home Capital's woes and the impact on the housing market Canada's housing market is always a hot topic, but this week it was a heretofore little-known mortgage lender called Home Capital that made headlines as clients withdrew hundreds of millions in savings in a matter of days.

So it was really important that our government make sure we did all of our homework," said Clark, adding measures her government has taken like a 15 per cent tax on foreign buyers in Metro Vancouver has helped slow rising house prices. Weaver told ... City on hook for $10-million damage costs in Vancouver aquifer breach Nearly two million litres of water spill each day from an accidental breach of an aquifer at a house under construction at 7084 Beechwood St. in Vancouver. Jason Payne ... The drillers quickly fled the construction site and left Canada, according to ...

Anthem Properties has bought the second-last gas station in Vancouver's downtown peninsula, paying a reported - and stunning - $72 million for the 16,369-square-foot site on West Georgia Street. Kelowna home prices soaring While the majority of housing markets in Canada posted modest gains, price appreciation across much of Ontario significantly outpaced the rest of the country.

To explain this trend, we'll look at Toronto real estate. The 1989 peak of Toronto's last bubble saw an average sale price of $273,698. One year later, prices declined by 6.82% to hit $255,020. That was the year Canadian banks decided to start ... Canada is the fastest growing advanced economy in the world, reveals survey Canada is now the fastest growing advanced economy in the world, reveals a survey conducted by Royal lePage. According to the Royal LePage House Price Survey released earlier this month, the growth is largely due to strong housing markets and rising ...