Vancouver Real Estate News

Latest real estate news from Vancouver BC and Canada by Jay Banks and his Vancouver Homes team

Vancouver July 2017 Market Report: The Buyers are Shifting towards Condos

Last year in July the provincial government announced their foreign buyer tax. It was a mad scramble to close properties before the tax took effect which distorted the market at that moment. However, there was a slowdown in sales for several months afterwards while the market adjusted to the changes. The tax was eventually absorbed by the seller and the buyer of the higher end properties that attracted foreign investment. It did impact the number of detached sales.

Vancouver Real Estate Market Recovered in May 2017

It was once common to use the expression “as the world turns” to explain inexplicable actions. Today the wording has segued into “as the world spins”…off it’s axis. In some ways the old misogynist spirit is abroad in the land as either populist or progressive political theories move forward. It will be interesting to see […]

The (Inevitable) Future of Housing in Vancouver

As the city with the highest density rate in Canada, Vancouver architects and city planners need to find new ways to increase housing density to make way for the population growth, which is expected to reach 3.1 million over the next 14 years. Local architect Michael Geller has looked to Europe for inspiration. Downtown Vancouver by The […]