News: Vancouver Real Estate Market

 A laneway house is a small detached residential infill house that typically fronts on the lane of a larger principal house.

It’s important for property owners to understand their options before building a laneway house or buying a property with a laneway house. If you are looking for information about the tax implications of laneway houses, read about these scenarios outlined by the Canada Revenue Agency (CRA).

1. You own a principal residence and you hire a builder...

Part of Vancouver's new River District, One Town Centre will consist of a 19-storey residential tower, a townhome and retail podium, a midrise residential structure, and CLUB CENTRAL amenities building.

ARCHITECTURE

• All elements are distinct yet complementary, creating a cohesive architectural form • Facades feature metal cladding and glass elements that reflect a modern interpretation of the area’s industrial heritage
• The quality concrete buildings feature highly sustainable...

Last month was the highest selling June, and the second highest overall monthly total, on record for the Real Estate Board of Greater Vancouver (REBGV).

The REBGV reports that residential property sales in Metro Vancouver* reached 4,375 on the Multiple Listing Service® (MLS®) in June 2015. This represents a 28.4 per cent increase compared to the 3,406 sales recorded in June 2014, and an increase of 7.9 per cent compared to the 4,056 sales in May 2015.

Last month’s...