Real estate

Salmon Arm council agreed at a Jan. 24, 2022 council meeting to sell a piece of city property in the industrial park to Northern Plastics Ltd. (City of Salmon Arm image)

Council approves sale of city land in Salmon Arm industrial park to Northern Plastics

Company that designs, manufactures and distributes industrial plastics to buy adjoining property

Salmon Arm council agreed at a Jan. 24, 2022 council meeting to sell a piece of city property in the industrial park to Northern Plastics Ltd. (City of Salmon Arm image)
A for sale is sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler

2021 home sales set Canadian new record, tops previous high by 20 per cent

CREA says about 667,000 residential properties changed hands in 2021

A for sale is sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
Lakeshore retirement resort is one of eight residences purchased by Quebec-based Cogir Real Estate. (Cogir Real Estate)

Quebec real estate firm invests in 8 Kelowna retirement resorts

Cogir Real Estate purchases eight independent residences in the city

Lakeshore retirement resort is one of eight residences purchased by Quebec-based Cogir Real Estate. (Cogir Real Estate)
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.  THE CANADIAN PRESS Jonathan Hayward

Real estate board says Metro Vancouver home sales hit record in 2021

Sales in 2021 rose 42.2 per cent over previous year and smashed a sales volume record set in 2015

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.  THE CANADIAN PRESS Jonathan Hayward
A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

Interior home sales continue at record highs as prices soar

Double-digit increases were recorded across the region in every home category

A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
Chip Wilson’s Point Grey home clocked in as the highest valued in the province for yet another year. (Google Maps)

Chip Wilson’s pad, a Rock House and an island: Here are the most expensive homes in B.C.

BC Assessment releases list of highest valued residential properties in the province

Chip Wilson’s Point Grey home clocked in as the highest valued in the province for yet another year. (Google Maps)
Houses are seen in an aerial view in Langley, B.C., on Wednesday May 16, 2018. Home sales in Metro Vancouver remain well below the 10 year average for the region but sellers continue to hold the upper hand as the Real Estate Board of Greater Vancouver says demand for properties is steady but buyers have little to choose from. THE CANADIAN PRESS/Darryl Dyck

B.C. home values increase by 22% for 2022, biggest changes in single-family houses

Breaking down what homeowners can expect, region by region

Houses are seen in an aerial view in Langley, B.C., on Wednesday May 16, 2018. Home sales in Metro Vancouver remain well below the 10 year average for the region but sellers continue to hold the upper hand as the Real Estate Board of Greater Vancouver says demand for properties is steady but buyers have little to choose from. THE CANADIAN PRESS/Darryl Dyck
The Real Estate Board of Greater Vancouver says home sales activity in the area for the month of October remain below long-term historical averages. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Mortgage rates predicted return to pre-pandemic levels of 3% by late 2022, BCREA says

First rate increase from Bank of Canada is expected in mid-2022

The Real Estate Board of Greater Vancouver says home sales activity in the area for the month of October remain below long-term historical averages. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

B.C. housing market supply ‘historically low,’ could increase with rising mortgage rates

BCREA says that even with rising rates, it will take time for supply to recover

FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
House construction in Summerland B.C. (Summerland Review)

B.C. moving to ‘cooling-off period’ to stabilize hot real estate market

‘Blind bidding’ adding to soaring home prices, finance minister says

House construction in Summerland B.C. (Summerland Review)
Katherine Gray and Patrick Hossack, Realtors, Hossack + Gray Real Estate, The Agency . Lia Crowe photo

Life & Style with Katherine Gray and Patrick Hossack

Brother and sister duo talk real estate, fashion and reading material

  • Oct 27, 2021
Katherine Gray and Patrick Hossack, Realtors, Hossack + Gray Real Estate, The Agency . Lia Crowe photo
A castle, hidden in the forests of Cherryville, is listed for sale for $3.45 million. (Cheryl Soleway/Sotheyby's International Realty)

Royal attention gathers on Cherryville for $3.5M castle

Small North Okanagan community listing features draw bridge and a moat

A castle, hidden in the forests of Cherryville, is listed for sale for $3.45 million. (Cheryl Soleway/Sotheyby's International Realty)
The downtown Vancouver skyline is seen at sunset, as houses line a hillside in Burnaby, B.C., on Saturday, April 17, 2021. Home sales across Metro Vancouver remained well above the 10-year average in September, but the Real Estate Board of Greater Vancouver says prices haven’t climbed as sharply. THE CANADIAN PRESS/Darryl Dyck

Home demand still outstrips supply in Metro Vancouver but price hikes slow: report

Composite benchmark price for all residential properties in Metro Vancouver just under $1.2 million

The downtown Vancouver skyline is seen at sunset, as houses line a hillside in Burnaby, B.C., on Saturday, April 17, 2021. Home sales across Metro Vancouver remained well above the 10-year average in September, but the Real Estate Board of Greater Vancouver says prices haven’t climbed as sharply. THE CANADIAN PRESS/Darryl Dyck
The Kampe Estate across from the Channel has been bought again, but it’s not currently known who the new owner is. (Brennan Phillips - Western News)

Penticton’s Kampe estate sold again

The property had gone back on the market after the previous buyer’s development was rejected

The Kampe Estate across from the Channel has been bought again, but it’s not currently known who the new owner is. (Brennan Phillips - Western News)
A real estate sign is pictured in Vancouver on June 12, 2018. THE CANADIAN PRESS/Jonathan Hayward

Homes listed for sale in Metro Vancouver have fallen to lows not seen since 2016

New home built during the pandemic, with a specific focus on projects for the rental market

A real estate sign is pictured in Vancouver on June 12, 2018. THE CANADIAN PRESS/Jonathan Hayward
In the month of August, the benchmark price for a single-family home in the Revelstoke/Shuswap area increased by 32.1 per cent to $615,100, mostly due to a decrease in number of available homes. (Josh Piercey/Revelstoke Review)

Price of single-family homes in Revelstoke increased by over 30% in August

Realtors in Central Okanagan region cite lack of inventory as reason for increase

In the month of August, the benchmark price for a single-family home in the Revelstoke/Shuswap area increased by 32.1 per cent to $615,100, mostly due to a decrease in number of available homes. (Josh Piercey/Revelstoke Review)
The McDonald’s at 1746 Water Street was vacant for 13 years before its demolition in November 2020. (Twila Amato/Black Press Media)

Kelowna lists vacant downtown McDonald’s, Husky sites for over $11M

The long-vacant properties are being listed together with potential for ‘groundbreaking future development’

The McDonald’s at 1746 Water Street was vacant for 13 years before its demolition in November 2020. (Twila Amato/Black Press Media)
Rising real estate prices in the Okanagan fueled by out-of-town buyers has created a concern about the ability of Millennials and Gen Zers to afford to eventually buy a house. THE CANADIAN PRESS/Sean Kilpatrick

Home ownership dream for Millennials, Gen Zers in the Okanagan under pressure

But RE/MAX vice-president cites cyclical nature of real estate market

Rising real estate prices in the Okanagan fueled by out-of-town buyers has created a concern about the ability of Millennials and Gen Zers to afford to eventually buy a house. THE CANADIAN PRESS/Sean Kilpatrick
A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home prices up 16% in June for largest 12-month gain on record, says index

Halifax led with prices climbing 30.8 per cent over the past year

A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts in Canada slowed in June: CMHC

The seasonally adjusted annual rate of housing starts fell 1.5% to 282,070 units in June compared to 286,296 in May

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick