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This British Properties home, completed in 2018, was listed September 5 for $16,888,000. Listing agent: Haneef Virani The week after Labour Day always brings a flurry of new listings as it’s back to business for the real estate market.

Across Canada, cities are seeing declining homeownership rates – but that’s not the case for the riverfront city of New Westminster, B.C., according to a new study.

Although a lull in home-buying is expected in August, last month showed a particularly sluggish market, as the latest Real Estate Board of Greater Â鶹´«Ã½Ó³»­data reveals.

The number of new homes being built in Richmond is on the rise, while the number of existing ones being sold is declining.

Last week, for the first time in Canada, the general public could see exactly what any home sold for through the Toronto Real Estate Board (TREB), but that information is not permitted to be published by real estate agents in B.C.

The signs are subtle so far, but they may represent the first downdraft in Metro Vancouver’s multi-family apartment building market after years of record-snapping demand and prices. And yet, multi-family investment insiders remain confident of future performance.

The majority of Metro Â鶹´«Ã½Ó³»­residents – even those who own their homes – are rooting for a real estate market correction, according to an Angus Reid poll released August 27.

Sales in greater Â鶹´«Ã½Ó³»­are expected to fall 25.7% this year, according to the forecast, with unit sales reaching 27,200, compared with 36,604 units in 2017.

One of Vancouver's latest eyebrow-raising big ticket real estate listings isn't even about the house. That's because it's not even a teardown: The teardown has already happened and it's a pile of debris that's hit the market for $3,990,000 in Kitsilano.

The ultra-luxe Â鶹´«Ã½Ó³»­home was listed on August 9 for $20,500,000. That made it the Lower Mainland’s most expensive new listing on the MLS last week, and likely the whole of B.C.