Housing

The B.C. Real Estate Association forecasts 4,600 home to be sold in the Chilliwack area in 2021, which would be an all-time record. (Chilliwack Progress file)

2021 on pace to be the hottest ever real estate year in Chilliwack area

B.C. Real Estate Association forecasts a 32% increase in sales over last year with a cooling in 2022

 

Liberal Leader Justin Trudeau makes a campaign stop in Hamilton, Ont., on Tuesday, Aug 24, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Real estate industry worried Liberal housing plan won’t alleviate supply issues

‘It’s like saying, ‘come on in my store it’s 100 per cent off, but I don’t have any inventory’

 

Jared Davidson holds the “notice to vacate” letter that tenants of the Many Ways Home Housing transitional-housing program received on Aug. 17. Tenants received confirmation on Friday (Aug. 20) that everyone can stay. (Ben Lypka/Abbotsford News)

Tenants of transitional-housing program in Abbotsford no longer have to move

Another agency comes forward to take over from Many Ways Home Society

 

Jared Davidson holds the “notice to vacate” letter that tenants of the Many Ways Home Housing transitional-housing program received this week. (Ben Lypka/Abbotsford News)

Transitional-housing tenants in Abbotsford given just days to move

Many Ways Home Housing says it is no longer ‘financially feasible’ to operate

Jared Davidson holds the “notice to vacate” letter that tenants of the Many Ways Home Housing transitional-housing program received this week. (Ben Lypka/Abbotsford News)
New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. Parliament’s budget watchdog says the government is falling short of its aim of vastly expanding Canada’s affordable housing stock despite a spending ramp-up in the hundreds of millions of dollars. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s housing strategy having ‘limited’ impact on housing need, watchdog says

Government is falling short of its aim to vastly expand Canada’s affordable housing stock

New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. Parliament’s budget watchdog says the government is falling short of its aim of vastly expanding Canada’s affordable housing stock despite a spending ramp-up in the hundreds of millions of dollars. THE CANADIAN PRESS/Sean Kilpatrick
South Surrey interior designer Madelaine Sloback and her husband are doing a full renovation of their new home – and  documenting the process through a new YouTube video series. (YouTube screengrab)

South Surrey interior designer documents home renovation through YouTube series

Madeleine Sloback and husband renovating 1,600 sq.-ft. rancher after move from Vancouver

South Surrey interior designer Madelaine Sloback and her husband are doing a full renovation of their new home – and  documenting the process through a new YouTube video series. (YouTube screengrab)
Students make a “tiny home” sign with their hands as part of the Tiny Home Challenge at John Paul II Catholic School. (ELENA RARDON / ALBERNI VALLEY NEWS)

Vancouver Island school gets visit from Netflix show hosts for tiny home competition

Pilot Tiny Home elective was offered for Grades 4-7

Students make a “tiny home” sign with their hands as part of the Tiny Home Challenge at John Paul II Catholic School. (ELENA RARDON / ALBERNI VALLEY NEWS)
Chilliwack Lake is one of the top ten attractions in Chilliwack according to TripAdvisor.ca. (Jenna Hauck/ Progress file)

Chilliwack makes the top 5 list of most affordable cities in B.C.

Ranking considered affordability, economies and growing power for the cities

Chilliwack Lake is one of the top ten attractions in Chilliwack according to TripAdvisor.ca. (Jenna Hauck/ Progress file)
John Anjo, founder/ director of Dwelltech, poses in front of his newest creation. The YOCTO is a 72 square foot tiny home with all the fixings. (Ronan O’Doherty/ The News)

VIDEO: Maple Ridge company builds remarkably tiny home

Dwelltech founder constructs 72 square foot home as passion project

John Anjo, founder/ director of Dwelltech, poses in front of his newest creation. The YOCTO is a 72 square foot tiny home with all the fixings. (Ronan O’Doherty/ The News)
Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz

Consumer debt driven by new mortgages, but credit card debt at six-year low

Potential exists that first-time homebuyers are starting to get priced out of the market

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan

RBC CEO wants policy-makers to tackle lack of housing supply pushing up prices

New mortgage stress rules come into effect on June 1

The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada warns of rising risks from household debt, and a hot housing market

Many households have taken on large mortgages compared with their income

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. NDP Leader Jagmeet Singh is pledging a hefty foreign home buyers’ tax and “massive” investment in housing to chill a white-hot real estate market.THE CANADIAN PRESS/Sean Kilpatrick

NDP promises foreign buyers’ tax, half a million new homes to cool housing market

Market watchers say a countrywide tax on non-resident homebuyers amounts to a ham-fisted approach

New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. NDP Leader Jagmeet Singh is pledging a hefty foreign home buyers’ tax and “massive” investment in housing to chill a white-hot real estate market.THE CANADIAN PRESS/Sean Kilpatrick
A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts posts 21.6 per cent increase in March

CMHC says the six-month moving average of the monthly seasonally adjusted annual rates was 273,664 in March

A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Habitat for Humanity has opened a new ReStore in Abbotsford in the former location of Get Air trampoline park at 34150 South Fraser Way. The official opening is slated for June. (john Morrow/Abbotsford News)

Habitat for Humanity opens new ReStore in Abbotsford

Former location was closed amid controversy in May 2018

Habitat for Humanity has opened a new ReStore in Abbotsford in the former location of Get Air trampoline park at 34150 South Fraser Way. The official opening is slated for June. (john Morrow/Abbotsford News)
As the team continues forward with construction, they’re soaking in the mountain views that the newly built Harrison Ridge homes will soon enjoy!

Rural living + urban amenities: It could be yours to call home!

Local development is making homeowners dreams a reality

  • Mar 29, 2021
As the team continues forward with construction, they’re soaking in the mountain views that the newly built Harrison Ridge homes will soon enjoy!
Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)

B.C.’s renoviction overhaul a good start, but won’t preserve affordable stock, lawyer says

And still no protection for people who can’t pay rent due to COVID-19

Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)
Chilliwack is expected to be among the province’s hottest real estate markets in 2021. (THE CANADIAN PRESS/Sean Kilpatrick)

Chilliwack housing market projected to be among B.C.’s hottest in 2021

B.C. Real Estate Association projects Chilliwack and District to grow by 17.1 per cent

Chilliwack is expected to be among the province’s hottest real estate markets in 2021. (THE CANADIAN PRESS/Sean Kilpatrick)
Ralliers gather in front of the Cityviews Village apartment building in Maple Ridge to protest attempts to evict low-income tenants by the building owner. (Ronan O’Doherty - The News)

Tenants protest pressure tactics by new landlord at Maple Ridge apartment building

Protest held in front of Cityviews Village on 223 St. Tuesday to rally against low-income evictions

Ralliers gather in front of the Cityviews Village apartment building in Maple Ridge to protest attempts to evict low-income tenants by the building owner. (Ronan O’Doherty - The News)
This four bedroom home on Tamihi Way in Garrison is listed at $619,999. According to BC Assessment’s 2021 numbers, that falls squarely within Chilliwack’s average single-family home value of $590,000 to $627,000. (Century 21 Creekside Realty photo)

Value of Chilliwack single-family homes jumps six per cent in 2021 assessments

BC Assessment is sending out 2021 notices, and Chilliwack’s boost mirrors province-wide data

This four bedroom home on Tamihi Way in Garrison is listed at $619,999. According to BC Assessment’s 2021 numbers, that falls squarely within Chilliwack’s average single-family home value of $590,000 to $627,000. (Century 21 Creekside Realty photo)