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Average home price will not revert to pre-pandemic levels this year: CMHC

Average home price will not revert to pre-pandemic levels this year: CMHC

Rental affordability will also likely decline as demand outpaces rental supply, says CMHC's chief economist
Structurlam mass timber company files for bankruptcy

Structurlam mass timber company files for bankruptcy

Penticton, B.C., company is the major supplier to mass-timber construction projects in Metro 91Ô­´´
Metro 91Ô­´´ calls for developers to pay even more

Metro 91Ô­´´ calls for developers to pay even more

Metro board has directed staff to adjust its upcoming budget to boost development cost charges and soften a rising tax burden on residents
Pent-up demand for 91Ô­´´ luxury housing ‘intensifying’: Sotheby’s

Pent-up demand for 91Ô­´´ luxury housing ‘intensifying’: Sotheby’s

Buyer activity will hinge on the introduction of new housing inventory into the market
Changes to B.C. contaminated site regulations will hike costs, waste soils, critics say

Changes to B.C. contaminated site regulations will hike costs, waste soils, critics say

High cost and extension of new sampling requirements could see more soil disposed of at sea rather than used as fill
Lack of B.C. strata depreciation reports a cause for concern, says association

Lack of B.C. strata depreciation reports a cause for concern, says association

B.C. stratas delaying depreciation reports could lead to insurance problems and owner liability issues.
Organizations call on B.C. to form permanent housing roundtable

Organizations call on B.C. to form permanent housing roundtable

Initiative would work to address unintended consequences of housing policies and create new ideas and legislation
Metro 91Ô­´´ rental starts surged in 2022: CMHC

Metro 91Ô­´´ rental starts surged in 2022: CMHC

But municipalities report a higher number of approved projects are delaying the start of construction
91Ô­´´ tops charts for annual income needed to afford a home in Canada

91Ô­´´ tops charts for annual income needed to afford a home in Canada

Nine out of 10 91Ô­´´ cities reported an increase in income needed, despite decreasing average home prices
CMHC reports annual pace of housing starts in Canada slowed in March

CMHC reports annual pace of housing starts in Canada slowed in March

Annual pace of housing starts fell 11 per cent in March