empty homes tax - Fix Team

B.C. plans to streamline housing permit approval process to get more homes built

By:Building .caPosted: Jan 17th, 2023In: ConstructionNews

VANCOUVER — The British Columbia government is creating a single hub for developers to get provincial approval to build homes, in a bid to accelerate a housing permit process that has forced them to wait[...]

Vancouver market takes ‘wait and see’ approach as Dec. sales fall 52% from year ago

By:Building .caPosted: Jan 7th, 2023In: ConstructionNews

Greater Vancouver ended 2022 with another month of prospective homebuyers taking a “wait and see” approach, which the region’s real estate board said pushed down sales by 52 per cent and prices three per cent[...]

B.C. government to bring in rental changes, supply laws to boost housing

By:Building .caPosted: Nov 27th, 2022In: ConstructionNews

VICTORIA – The British Columbia government has introduced sweeping changes to boost the housing supply, and while local governments say they want to do their part, they’re concerned about effects the laws will have on[...]

Vancouver home sales down 46% from last year, up 13% from September: board

By:Building .caPosted: Nov 5th, 2022In: ConstructionNews

VANCOUVER – The Real Estate Board of Greater Vancouver says home sales continued to plunge in October, falling 45.5 per cent from the year before even as they increased 12.8 per cent from September. Last[...]

Vancouver housing strategies abound, but will a fractured council hinder next mayor?

By:Building .caPosted: Oct 13th, 2022In: ConstructionNews

VANCOUVER – Voters in Vancouver’s municipal election have been met with an array of proposed solutions to the city’s chronic housing unaffordability – but the same question looms over all the mayoral candidates and their[...]

Vancouver home sales down 46% from last Sept., 10% from August: board

By:Building .caPosted: Oct 7th, 2022In: ConstructionNews

VANCOUVER – The Real Estate Board of Greater Vancouver says September’s home sales dropped by 46 per cent since last year and 10 per cent from August as interest rate increases cooled buyer sentiment. The[...]

B.C. Liberal leader says more supply is answer to housing affordability crisis

By:Building .caPosted: Sep 26th, 2022In: ConstructionNews

WHISTLER, B.C. – British Columbia’s Liberal leader says more supply is the answer to the province’s housing affordability crisis, while some local leaders also called for more immediate action. Opposition leader Kevin Falcon said Thursday[...]

Greater Vancouver home sales down 43% from last July, 23% from June: REBGV

By:Building .caPosted: Aug 6th, 2022In: ConstructionNews

VANCOUVER – The Real Estate Board of Greater Vancouver says last month’s home sales were down a whopping 43 per cent from last July and 23 per cent from this past June. Sales in the[...]

Vancouver council hiking empty homes tax to 5 per cent of assessed value in 2023

By:Building .caPosted: May 1st, 2022In: ConstructionNews

Vancouver is raising the empty homes tax that is designed to ease vacancy rates in the city, from three per cent to five per cent of the property’s value. The motion by Mayor Kennedy Stewart[...]