Stay in touch with NIHO!

Press Gallery

Foreign buyers to face tax hike on Metro Vancouver real estate

Rob Shaw, Vancouver Sun, July 25, 2016

VICTORIA — A foreign buyers tax introduced in a surprise move by the B.C. Liberal government Monday may cool the high end of Metro Vancouver’s red hot real estate market, even if it contains several potential loopholes and unintended consequences, say experts.

The new 15-per-cent foreign buyer tax will apply to residential real estate deals in Metro Vancouver — from Bowen Island to Maple Ridge/Langley Township — starting Aug.

Read more »

Justin Trudeau to get sobering view of Vancouver’s housing market

Kerry Gold, The Globe and Mail, June 17, 2016

Prime Minister Justin Trudeau is scheduled to meet with a round table of experts on Vancouver’s housing affordability crisis on Friday, just as new data are released showing the extreme nature of the city’s escalating housing problem.

Planner and analyst Andy Yan, who will attend the meeting, has released a comprehensive set of maps that show the rapid rise of assessed house prices over the past decade.

Read more »

Asian drought seeds northern B.C. boon

Frank O’Brien, Business in Vancouver, June 7, 2016

Rain and thousands of hectares of verdant farmland have sparked a new multimillion-dollar industry in the outback of northern British Columbia: harvesting hay and shipping it to drought-stricken livestock producers in China and Korea.

From a standing start four years ago, nearly 10,000 tonnes of hay per year is now being baled and shipped in containers to Asia out of the Port of Prince Rupert.

Read more »

B.C largest land agent really deals in water

Frank O’Brien, Western Investor, May 30, 2016

LandQuest Realty Corp.celebrates its 20th anniversary this year as the largest dealer in land in British Columbia: but scratch the surface of the clamouring global demand the company is now experiencing, and LandQuest is really dealing in water, according to the company co-founders.

“Every time it rains in B.C, we should get down on our knees and give thanks,” said Rudy Nielsen who,

Read more »

Water’s Edge: Metro Vancouver’s most extravagant oceanfront properties

Lori Culbert, Vancouver Sun, May 15, 2016

Does it seem like cranes and dump trucks are constantly on seaside streets, as bigger, newer homes are built on the water?

Seventy-nine new homes have been built on the oceanfront in Metro Vancouver during the past five years, the most (24) in West Vancouver, according to a spreadsheet of waterfront properties provided to The Sun by Landcor Data Corp,

The colour-coded map below shows the location of the newly built houses along the Pacific Ocean from Lions Bay to South Surrey.

Read more »

Water’s Edge: Small and cheap(er) seaside properties in Metro Vancouver

Lori Culbert, Vancouver Sun, May 13, 2016

If you don’t mind the border crossing, the place you should buy oceanfront property near Vancouver is, of course, Point Roberts.

There is a four-bedroom, two-bathroom, waterfront house for sale on the American peninsula for $658,000 US. Even with the low Canadian dollar, that’s a relative bargain ($825,230 Cdn) for this 1,792-square-foot home built in 1974 on a 0.23 acre lot.

Read more »

Water’s Edge: Eye-popping property values on Metro Vancouver’s waterfront

Lori Culbert, Vancouver Sun, May 12, 2016

When we think of waterfront homes, we often think big: The palatial mansion on the expansive lot with the eye-popping price tag.

And while there are many teeny tiny places squeezed onto precious seaside land, there are indeed some impressively large homes to tell you about.

There are 275 oceanfront homes bigger than 5,000 square feet — 16 of them condos.

Read more »

Water’s Edge: Mud, marsh and ‘menace’ seals from Wreck Beach to Steveston

Larry Pynn, Vancouver Sun, May 11, 2016

I awake to the sound of a gull and crows scrounging through my gear for food.

The gull thinks it has something, but it’s just a plastic baggie containing my pocket matches.

“Get out of here,” I scream. It obliges by flying away with the matches and landing out on the salt chuck.

So much for morning coffee.

Read more »

Water’s Edge: Cafes, hotels and other commercial properties sitting on pricey Metro Vancouver land

Lori Culbert, Vancouver Sun, May 11, 2016

Commercial properties may only take up two per cent of the land lining Metro Vancouver’s oceanfront, but this includes nearly 600 businesses that will feed, entertain and pamper you along the shoreline.

There are at least 77 office buildings, 73 hotels, 37 stores, 12 restaurants and five theatres directly on the Pacific Ocean between Lions Bay and South Surrey. (There are likely even more stores and restaurants that would not have been listed separately if,

Read more »

Water’s Edge: A fresh look at Vancouver’s postcard locations

Larry Pynn, Vancouver Sun, May 11, 2016

It is a calm sunny morning at Third Beach in Stanley Park and not even an introduced eastern grey squirrel is bouncing around for free peanuts.

About the only thing stirring in the corner parking lot is me, hauling my kayak off the back of my pickup truck and dragging it across the grass down a small bluff to the seawall to be hoisted onto the salty shores of English Bay.

Read more »