The city of Vancouver is considering restricting ownership of housing to local residents, among other strategies, as it looks to cool a hot real estate market that it says is fueled by foreign and local speculation. A foreign buyer ban is just one of numerous supply and demand measures outlined in Vancouver’s ...
Continue ReadingThe British Columbia Real Estate Association predicts continued cooling of the provincial housing market in 2018, but it cautions would-be home buyers that prices likely won’t soften. The association has released its 2017 Fourth Quarter Housing Forecast showing an expected 8.8 per cent decrease in residential sales across the province ...
Continue ReadingThe City of Vancouver is expected to unveil its 10-year housing strategy shortly, following a major local announcement on the same issue coming from the federal government on Wednesday. The federal Minister of Families, Children and Social Development, Jean-Yves Duclos, is scheduled to make a major housing policy announcement Wednesday ...
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