Millionaire homeowners cashing out of Metro Vancouver’s red-hot real estate market are seeking greener pastures elsewhere in B.C. Real-estate experts say they’re seeing more city slickers selling off their urban homes and heading north or east to buy hobby farms and acreages, where they can live off the land with cash to spare.
Those living in Metro Vancouver are quickly becoming priced out of the market with the massive influx of Foreign investors. Contrary to public outcry on the issue, Christy Clark is not about to Tax foreign real estate investors. By: Chris Slattery METRO VANCOUVER – Many local Canadians living in the province are fed up with […]
The dominant influence of Chinese investors in Vancouver has finally been proven with comprehensive data. In a recent six-month period about 70 per cent of all detached homes sold on Vancouver’s west side were purchased by Mainland China buyers, an academic case study shows. By Sam Cooper METRO VANCOUVER – Even more stunning, the study […]
The bank also concluded that while prolonged low commodity prices would have a “significant adverse effect on certain industries and regional economies,” the overall stresses to the financial system would be “manageable.”
The Real Estate Council of B.C. reported a record 22,005 licensees this year. The Real Estate Board of Greater Vancouver says licensed members are at an all-time high of 12,200 compared with,