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BC Election 2017: Parties tackle hot-button issue of housing affordability, in their own ways

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Home prices and incomes in Metro Vancouver have become so wildly detached, B.C. real estate economists and experts say, that improving affordability in a meaningful way will be difficult and require profound changes. 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 ...

Looking to build a home fast in Metro Vancouver? Head to Langley

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"Compared to the City of Langley, it takes an average of 19 months longer to receive a building permit in Vancouver - a fact that should worry anyone concerned about high home prices in the city because the added time means extra costs that are ... This chart shows how Canada's housing market risks evolved in 2 years While Vancouver, which has seen home price growth substantially reduced about nine months after BC introduced a foreign-buyer tax for the metro area, wasn't flagged for overheating, Victoria received a yellow evaluation.

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Both working professionals, they are raising their two young children in a rented one-bedroom apartment in Vancouver's West End. CMHC report reveals 'problematic conditions' of Canadian housing market Canada's housing market still shows strong evidence of problematic conditions, the federal housing agency said on Wednesday, though it reported signs of improvement in some markets. http://rock.ly/o16ps

Softwood lumber dispute impacting BC home prices

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According to the Canadian Home Builders' Association (CHBA), with the duties now in place, prices in Canada should retreat somewhat as supply builds and perhaps is even stockpiled, though the actual amounts are uncertain. "Over the longer term, ... Housing talk gets louder and angrier in Vancouver - The Globe and ... Frustration and resignation reign as people survey a changing real estate landscape. http://rock.ly/3cyui

Has home affordability actually improved in Vancouver?

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But by then, the market was already cooling, Royal Bank of Canada senior economist Robert Hogue said last week in a report. Housing, economy, leadership feature in final BC election debate 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 ... http://rock.ly/3910z

Trump Slaps Duty on Canadian Lumber, Intensifying Trade Fight

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Trump announced the new tariff at a White House gathering of conservative journalists, shortly before the Commerce Department said it would impose countervailing duties ranging from 3 percent to 24.1 percent on Canadian lumber producers including West ... B.C. political parties make promises for affordable housing ... With housing affordability rating as a top election issue for B.C. voters, political parties have offered a number of promises to tackle sky-rocketing housing costs.

Housing: NDP and Greens tackle money laundering and tax evasion in Richmond

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Eby said house prices should correct in Richmond, in part, with measures his party proposes. With Richmond at the epicentre, foreign money in Metro Vancouver real estate became a hot political topic last year, culminating in the BC Liberals 15 per cent ... Heat or housing? Twitter battle erupts between Manitoba, Vancouver police vying for recruits Police forces in Vancouver and Manitoba are having a tongue-in-cheek battle on Twitter for recruits. It started with the ... Not to be outdone, the Manitoba RCMP threw on their tactical gear and sent out a message about housing prices. "It's OK, the ...