An open door for offshore home buyers

Kitsilano, City of Vancouver West

Kitsilano, City of Vancouver West

New real estate numbers for British Columbia’s Lower Mainland suggest that the long rise in house prices is accelerating in the City of Vancouver and adjacent suburbs.

In all these areas, the benchmark price for a detached home has surpassed a million dollars. This is far beyond the reach of most working families, with troubling side effects. Continue reading

Five-year home price trends: 2014 vs 2013

Upper AmblesideIn the fall of 2012 we looked at “speculation and stagnation” in the real estate market in British Columbia’s Lower Mainland.

Since then, the outlook has changed. Prices have increased significantly in the detached-home market, and a declining trend in apartment prices has been reversed in many communities. Continue reading