Housing report

Housing report highlights scale of crisis on Bowen Island

Eighty-four percent of residents cannot afford a new single-family home, and single-family homes make up 90% of the housing stock The housing needs report presented at the regular council meeting on Tuesday evening painted a grim picture of the island’s housing crisis. “…[It’s] the most acute affordability problem I’ve seen,” said Urbanics consultant Sophie Payne. […]

Housing sector

Housing sector too affected by the coronavirus; Land becomes 30% cheaper; Decline in cement demand

Coronavirus: House prices in the country could fall by 10-20% due to the Corona crisis. In addition, the price of land can become 30% cheaper. This evaluation comes from the real estate research of Liases Foras. The corona crisis can be a good opportunity to invest in real estate as it will bring greater profits […]