2018 has been a tumultuous yr for B.C.’s actual property and rental markets, with a slew of recent insurance policies launched on the federal, provincial and municipal ranges which have dramatically altered the housing panorama.

In an effort to assist readers navigate all this complicated content material, 2018 was additionally the yr during which Glacier Media launched devoted Actual Property pages on its area people newspaper web sites. That provides us the proper software to look again and see which of the articles on these pages made the most important splash.

READ  A Toronto Condominium Now Prices What A Single-Household Residence Price 6 Years In the past
Loading...

Maybe surprisingly, the furore across the greatest coverage modifications – the backlash over the hypothesis tax, for instance, or the toll of the mortgage stress take a look at – didn’t make the lower. However a number of the knock-on results of latest or barely older market interventions actually did.

READ  Driver significantly injured after automotive rear-ends faculty bus in Grand Barachois, N.B.

Right here’s our rundown of 2018’s most-read tales on our Actual Property pages, when it comes to complete web page views throughout all our neighborhood newspaper web sites.

READ  Maxime Bernier Says Ex-Tory Colleagues' Criticisms Is 'Typical Of Losers'

#5. Overseas consumers all however disappeared from Metro Vancouver: knowledge

for sale sign

This text, initially posted on our sister web site Enterprise in Vancouver, took fifth place in our most-read tales of the yr. Revealed in mid-August, it reported that the B.C. authorities’s newest numbers confirmed only one per cent of all actual property transactions in Metro Vancouver and the Fraser Valley Regional District in the course of the first six months of this yr concerned international nationals, down from three per cent in the identical interval in 2017. And it’s price noting that the 2017 determine was in itself a major lower from the numbers seen previous to the 2016 launch of the international purchaser tax.

#4. New-home presales plummet in Decrease Mainland

no 4 condo presales plummet

This July article reported that the speed at which presale condos and townhomes had been being bought had plummeted throughout Higher Vancouver and the Fraser Valley – particularly in downtown Vancouver, in accordance with a report by advertising and marketing agency MLA Canada. The group’s analysis arm mentioned that the absorption price of newly launched presale models in June 2018 throughout the Decrease Mainland was simply 50 per cent, in contrast with 94 per cent in January 2018.

#3. Richmond realtor duped purchaser into displaying bought signal for a yr

home-for-sale-sold-sign

This unlucky story {of professional} misconduct was revealed on the Richmond Information actual property web page on April 17, and gained traction throughout all our native papers. It advised of Xinwei (Sylvie) Zhao, working underneath the New Coast Realty banner, who was fined $2,000 by the Actual Property Council of B.C. The council discovered that Zhao, the itemizing agent on a house sale, knowledgeable the client’s agent that the supply on the property would solely be introduced and accepted by the vendor if the client agreed to place a New Coast Realty “bought” signal on the property for one yr. She did this, in accordance with the council, “with out the vendor’s consent or information, and on the directions of her group chief.”

#2. Metro Vancouver actual property costs are 65% overvalued: Economist

vancouver harbour

Echoing what many native residents could really feel, this August evaluation of Metro Vancouver’s housing market from iconic U.Okay. publication The Economist was the topic of our second most-read story of the yr. The media group’s analysis arm issued a worldwide home value index and reported that Metro Vancouver was 65 per cent overvalued, when evaluating native actual property values with native incomes. That made Metro Vancouver the fifth most overvalued of the 22 main international cities studied, after Hong Kong, Auckland, Paris and Brussels. Vancouver was adopted by London and Sydney, each of which had been deemed overvalued by 50 per cent or above.

#1. B.C. ski resorts get free go from hypothesis tax

no 1 ski resorts speculation tax big white

The province’s new hypothesis tax needed to make a exhibiting on this listing, because it was actually one of many greatest actual property newsmakers of the yr. However, following a collection of articles about fears over what the tax would do to leisure markets and trip house house owners, what grabbed our readers’ curiosity greater than every other was this story in regards to the ski resorts that get a free go from the tax. Initially showing on our sister web site Western Investor, the article checked out what was occurring in booming markets corresponding to Whistler, Solar Peaks and Silver Star, the place the tax doesn’t apply.

Loading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here