Canadian housing crisis worse than ever as Liberals sit by
“Trudeau made a lot of big promises on housing during the election, it’s time he stuck to them. New Democrats will keep fighting to help families find a place to live.”
Real Estate
Record number of new homes registered in B.C.
New data released by BC Housing shows a record number of new homes registered in British Columbia in 2021.
Registered new homes data is collected at the beginning of a project, before building permits are issued, making it a leading indicator of housing activity in B.C.
Fraser Valley Real Estate Market Sees Busiest Year in 100-year History
Fueled by the consumer response to the COVID-19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021 shattered the previous annual record last set in 2016.
Construction Challenged by Supply Chain Issues: ICBA Survey
More than three-quarters of B.C. construction businesses are experiencing supply chain challenges, according to the results of a survey of Independent Contractors and Businesses Association (ICBA) member companies.
Surrey’s Property Tax Rate Amongst the Lowest in Metro Vancouver
Safe Surrey Coalition-led City Council holds line for taxpayers while making huge community investments
Fraser Valley Home Sales Continued to Soar In November Further Depleting Supply
Robust demand for Fraser Valley real estate continued in November, with the Fraser Valley Real Estate Board (FVREB) recording the region’s second-highest volume of sales of all property types for the month – second only to November 2020.
Province Gives Local Government More Tools to Increase Housing
People in B.C. communities will benefit from legislative amendments that give local governments more powers to simplify and speed up their development approvals processes, helping to get the homes people need built faster.
Maximum Allowable Rent Increase Capped at 1.5% for 2022
B.C.’s maximum allowable rent increase amount for 2022 is being set at 1.5%, based on inflation.
Fraser Valley Home Sales Remained Steady in July; Lowest Supply In Forty Years
Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981.
Canada Supports Rapid Housing Projects in Surrey
Every Canadian deserves a safe and affordable place to call home.
Mirroring The Weather, Fraser Valley’s Hot Housing Market Cooled Slightly in June Going from a Boil to a Simmer
Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical record.
March shatters monthly sales and new listings records in the Fraser Valley
Fraser Valley real estate hit two historical highs in March, setting records for both sales and new listings processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921.
Property tax grant program streamlined for quicker service
Starting in 2021, B.C. homeowners will apply for their homeowner grant through the Province, not their municipality, which will make applying for the grant quicker and easier.
Another month, another record for property sales in the Fraser Valley
For the sixth consecutive month, Fraser Valley’s real estate market experienced property sales at levels never seen before in the 100-year history of the Fraser Valley Real Estate Board (FVREB).
Amendments to improve oversight for real estate, financial services
People buying or selling a home will benefit from a real estate industry with more efficient and co-ordinated oversight from BC Financial Services Authority (BCFSA).