Tag Archives: vanre

Vancouver house sells for 41% below 2018 purchase price

A Vancouver detached house has sold for 41% below its purchase price from two years ago. The seller originally purchased the property at 3629 Fraser Street for $2,760,000 on 2018/07/21. But the property sold for just $1,625,000 on 2020/06/23 –

3 in 4 British Columbians support banning foreign real estate buyers

More than three-in-four British Columbians are in favour of banning most foreign nationals from purchasing real estate in Canada, a new Research Co. poll has found. 78% of British Columbians support having legislation similar to the one currently in place

“Question the motivation of anyone who wants you to believe prices will go up” – CMHC boss slams realtors

Canada Mortgage and Housing Corporation boss doesn’t mince his words when it comes to hitting back at realtors who’ve been critical of the national housing agency’s dire real estate market forecast. “Some vocal real estate advisors have labelled us “panic-inducing

Airbnb’s pivot from short-term to long-term stays runs into legal roadblock in Vancouver

By Lisa Tanh Airbnb’s pivot from short-term to long-term stays in Vancouver in the wake of COVID-19 could land both the hosts and the platform in legal trouble, and a city councillor has brought an urgent motion to get ahead

Metro Vancouver detached prices plummeting in May

Metro Vancouver detached home prices are in free fall in May as economic turbulence caused by COVID-19 related lock down measures continue to rock the region’s housing market. The OpenHousing House Price Index for detached properties – calculated using the

Canada looking to increase minimum mortgage down payments from 5% to 10%

Canada is looking to stop its historic household debt soaring even higher due to the novel coronavirus crisis by requiring higher mortgage down payments, the country’s national housing agency said. Evan Siddall, president and CEO of the Canada Mortgage and

Metro Vancouver condo prices plunge in April as COVID-19 pummels struggling market

Metro Vancouver condo prices tumbled again in April 2020 as the economic meltdown caused by the COVID-19 pandemic kicked in the teeth a market already reeling from the insurance crisis. The OpenHousing House Price Index for condo properties – calculated

Vancouver realtor declared only fraction of income on tax return, divorce case reveals

A Vancouver realtor may have made nearly a million dollars in some years while declaring poverty-level incomes on his tax returns, a divorce case has revealed. Lan Zhao is suing Jianping Zhou in BC Supreme Court to ask for more

Vancouver Airbnb host turns COVID-19 pandemic into opportunity

One Vancouver Airbnb host is turning COVID-19 coronavirus pandemic into an opportunity even as other short term rental operators are scrambling to stay afloat amid mounting cancellations. Cammy Wang is marketing her Airbnb listing at 6950 Yew Street as a

Most Vancouver houses sold below assessment in May

By ThinkPol Staff The number of Vancouver detached houses selling below assessed value in May outnumbered those selling for more, with some going as low as 32% below, making it the fourth month in row that a majority of Vancouver