The annual pace of housing starts dropped 23% in May compared with April
City hiking empty homes tax to five per cent of a property’s assessed value, effective next year
Apartments in buildings with 5 or more storeys, make up 10.9 per cent of all dwellings in B.C.
Decision to triple the empty homes tax rate in 2020 has brought in about $32 million
Buildings included housing for some of the city’s lowest-income residents
Plans rely heavily on cooperation with other levels of government and on the private sector
Budget also addresses ongoing search for unmarked graves at the former sites of residential schools
Low mortgage rates and consumer demand for larger spaces outstripping supply
Composite benchmark price for all residential properties in Metro Vancouver just under $1.2 million
‘It’s like saying, ‘come on in my store it’s 100 per cent off, but I don’t have any inventory’
Government is falling short of its aim to vastly expand Canada’s affordable housing stock
Potential exists that first-time homebuyers are starting to get priced out of the market
New mortgage stress rules come into effect on June 1
Many households have taken on large mortgages compared with their income
Market watchers say a countrywide tax on non-resident homebuyers amounts to a ham-fisted approach
CMHC says the six-month moving average of the monthly seasonally adjusted annual rates was 273,664 in March
Potential developers presented their preliminary design March 12
