Real estate

In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)

Here’s how many months you would have to save up to buy a house in these B.C. cities

Best to start planning early, the National Bank of Canada has found

In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)
FILE – A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

B.C. residential real estate prices have gone up by 16% since last January: report

BCREA said unit sales and dollar sales volume were much higher than January last year

FILE – A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
For sale sign (File photo)

January was a crazy month for red-hot Chilliwack real estate market

The first month of the year is traditionally a slow one for sales, but not in 2021

For sale sign (File photo)
(AP Photo/Elaine Thompson, File)

Female Realtors in the Lower Mainland receiving harassing phone calls, explicit texts

Board chair urges safety first, says incidents are being reported to police

(AP Photo/Elaine Thompson, File)
Chilliwack is expected to be among the province’s hottest real estate markets in 2021. (THE CANADIAN PRESS/Sean Kilpatrick)

Chilliwack housing market projected to be among B.C.’s hottest in 2021

B.C. Real Estate Association projects Chilliwack and District to grow by 17.1 per cent

Chilliwack is expected to be among the province’s hottest real estate markets in 2021. (THE CANADIAN PRESS/Sean Kilpatrick)
(AP Photo/Elaine Thompson, File)

16% boom predicted for B.C. real estate sales in 2021: experts

Along with sales, the average price of homes is also predicted to rise, by nearly 8 percent

(AP Photo/Elaine Thompson, File)
A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

W-shaped recovery would be ‘very severe’ without government assistance: CMHC

The corporation says the COVID-19 pandemic could trigger nearly 50 per cent drop in housing prices

A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz

Annual pace of housing starts down in December: Canada Mortgage and Housing Corp

Rural starts were estimated at a seasonally adjusted annual rate of 22,373 units

Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz
A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. (THE CANADIAN PRESS Jonathan Hayward)

Vancouver’s real estate market up 22% in 2020, despite pandemic

December’s sales were almost 58 per cent higher than same month’s 10-year average

  • Jan 5, 2021
A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. (THE CANADIAN PRESS Jonathan Hayward)
Two homes in Chilliwack sold for upwards of $2,000,000 in December. This property on Gibson Road remains on the market in January with an asking price of $2,620,000. (Century 21 Creekside Realty)

December home sales in Chilliwack reach 16-year high

With low supply and high demand, prices continued to increase across the Upper Fraser Valley

Two homes in Chilliwack sold for upwards of $2,000,000 in December. This property on Gibson Road remains on the market in January with an asking price of $2,620,000. (Century 21 Creekside Realty)
Canadian Press photo.

Strongest December sales ever recorded, says Fraser Valley Real Estate Board

Sales 81.2% above normal for the month, adding another milestone to a record-breaking year

Canadian Press photo.
FILE – Construction cranes tower above condos under construction near southeast False Creek in Vancouver on February 9, 2020. THE CANADIAN PRESS/Darryl Dyck

B.C. property values went up 4.2% in 2020 as most homeowners see ‘moderate increases’

Every region in B.C. reported a zero to 10 per cent increase in valuation, although individual cities differ

FILE – Construction cranes tower above condos under construction near southeast False Creek in Vancouver on February 9, 2020. THE CANADIAN PRESS/Darryl Dyck
(The Canadian Press)

1st-time homebuyers see new opportunities, challenges in pandemic economy

Canadians are willing to give a child, family member an average of $60,513 to help them buy a home

(The Canadian Press)
Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck

B.C. housing market to remain vibrant through the new year: report

The report also forecasts a firmer rental market through 2022 as economic conditions normalize

Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck
A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October. THE CANADIAN PRESS/Graeme Roy

Home sales shoot up 32.1% year-over-year in November

CREA says the average price is $122,000 lower excluding the Greater Vancouver and Greater Toronto Area

A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October. THE CANADIAN PRESS/Graeme Roy
Graphic/District of Kent

IN-DEPTH: Age and affordability major factors driving local housing needs

Report on future housing needs based on statistics, local interviews

Graphic/District of Kent
Home sales for November in the Chilliwack and District Real Estate Board were profitable for sellers because of historically low supply. (Paul Henderson/ The Progress)

Historically low supply leads to higher prices in Chilliwack real estate market

City dwellers want to relocate to the eastern Fraser Valley and are willing to pay a high price

Home sales for November in the Chilliwack and District Real Estate Board were profitable for sellers because of historically low supply. (Paul Henderson/ The Progress)
THE CANADIAN PRESS/Jonathan Hayward photo.

November was another record-breaking sales month, says Fraser Valley Real Estate Board

Consecutive sales records broken for 3 months in a row

THE CANADIAN PRESS/Jonathan Hayward photo.
A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan. 3, 2017. nbsp;Real estate brokerage Royal LePage says home prices are increasing in Canada’s cottage country, as more buyers look to move there full-time. THE CANADIAN PRESS/Jonathan Hayward

Home prices rise in cottage country amid demand from remote workers, retirees

The data from Royal LePage comes amid an overall uptick in home prices this year,

A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan. 3, 2017. nbsp;Real estate brokerage Royal LePage says home prices are increasing in Canada’s cottage country, as more buyers look to move there full-time. THE CANADIAN PRESS/Jonathan Hayward
Construction cranes tower above condos under construction near southeast False Creek in Vancouver on February 9, 2020. A study from Canada Mortgage Housing Corp. says over 11,000 condos were added to the housing supply pool in Metro Vancouver last year, spurred in part by taxes on empty homes. THE CANADIAN PRESS/Darryl Dyck

Vacancy taxes put more rental condos in Metro Vancouver market: CMHC study

Vancouver council voted to increase empty homes tax from 1.25 per cent to three per cent for next year

Construction cranes tower above condos under construction near southeast False Creek in Vancouver on February 9, 2020. A study from Canada Mortgage Housing Corp. says over 11,000 condos were added to the housing supply pool in Metro Vancouver last year, spurred in part by taxes on empty homes. THE CANADIAN PRESS/Darryl Dyck