February 2022

Process underway for laneway homes in Burnaby

Posted on Feb 21, 2022

The plan to allow more people to live on the same piece of land that began in Vancouver is continuing to grow elsewhere in the Lower Mainland. The latest to take a serious look is the City of Burnaby, which this week voted to develop the process that will allow laneway homes.
And that’s just a start.
In December, the city adopted what is called “HOME...

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CREA reviews from 2021 in real estate

Posted on Feb 13, 2022

The Canadian Real Estate Association calls it “a snapshot” of the nation’s market over the last year, probably because that’s precisely what it is: a quick, superficial, general look at what happened in real estate in 2021.
In short, a snapshot.
Without taking into consideration the different provinces, the different sizes and types of housing and th...

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Toronto replaces Vancouver as Canada’s most expensive market

Posted on Feb 07, 2022

It may be regarded as a moot point, but the Royal Bank of Canada has made “headlines” by announcing that Toronto has now surpassed Vancouver for having Canada’s most expensive real estate market. According to RBC, Toronto’s benchmark price is now $1.260 million and Vancouver’s is $1.255, the first time Toronto has been ranked first in…decades.
“It’s...

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