Real Estate News & Articles

Greater Vancouver homes for sale stockpile as buyers slow, prices slide: report

2019-07-04

Average price for Greater Vancouver homes drops Joanne Lee-Young The Province A benchmark price for homes across Metro Vancouver has fallen below the $1-million mark for the first time in two years. And the number of sales across the region…

Housing supply up, home sales and prices down in June

2019-07-04

REBGV July 2019 Stats Report REBGV With home buyer demand below long-term historical averages in June, the supply of homes for sale continued to accumulate in Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that …

Stubborn Vancouver home sellers aren't dropping their list prices

2019-07-04

Supply in Vancouver's housing market is piling up Josh Sherman Livabl Supply in Vancouver’s housing market is still piling up, and it looks like stubborn home sellers are partly to blame. “We’re continuing to see an expect…

June Home Sales Continue Double-Digit Growth as Listings Stay Flat

2019-07-04

TREB noted sales were out pacing listings again Penelope Graham other The Greater Toronto Area real estate market fell back into a familiar pattern of supply and demand imbalances in June, with surging sales well outpacing new listings leve…

Marketing For Agents: Seven Marketing Habits of Effective Agents

2019-07-04

Seven steps to up your marketing Mike Blaney REW Your day is already packed with buyers, sellers, training, showings, contracts and everything in between, but how much of your day is invested in marketing? If you could just add these seven …

Young adults among the groups most vulnerable in the housing market

2019-07-03

Young Vancouverites 'Straddling the Gap' Neil Sharma Mortgage Broker News In the throes of a full-blown housing crisis, younger Vancouver homebuyers have gotten much-needed reinforcements. Dr. Paul Kershaw, founder and lead researcher of Ge…

1 in 13 Vancouver families can afford homeownership

2019-07-03

Mortgage stress test has reduced homeownership in Vancouver Neil Sharma REP Thanks to the mortgage stress test, only 7.69% of Vancouver families can afford homeownership. “Only one in eight families earns the income necessary to manag…

Owners of controversial site in Shaughnessy to build single mansion instead of rental townhomes

2019-07-03

Owners to build mansion after rental townhome plan rejected Joanne Lee-Young The Vancouver Sun The owners of a residential lot on Granville Street in Vancouver’s Shaughnessy neighbourhood will not be submitting a new proposal to const…

Making sense of Vancouver's luxury condo market

2019-07-02

Luxury condo market may be losing some of its lustre Joanne Lee-Young The Province The glut in Vancouver’s luxury condo market has been getting some attention as their counterparts in London, New York and Sydney have also been losing …

Only 7% of Vancouver families can afford homeownership

2019-07-02

One in thirteen families can buy a home Neil Sharma Mortgage Broker News With the mortgage stress test, only one in 13 Vancouver families can afford to buy a home. “Only one in eight families earns the income necessary to manage owner…

Debt servicing growing harder for more and more Canadians

2019-07-02

Debt-to-asset ratio of an average household has grown by 4.41% Ephraim Vecina Mortgage Broker News A growing portion of Canadian households are finding it harder to service their assortment of debts, according to new data from Statistics Ca…

Toronto is still the number 1 Canadian migration city

2019-07-02

U-Haul reports more people moved to Toronto in 2018 Steve Randall REP There was a 4% increase in migration to Toronto according to a new report. U-Haul’s annual migration trends report for 2018 shows more people are moving to the city…

Orchard Park 16650 25A Avenue Surrey 80 two and three towhhomes by StreetSide Developments

2019-06-29

Orchard Park takes a location that's quiet, but connected Simon Briault The Vancouver Sun Orchard Park Project location: 16650 25A Avenue, Surrey Project size: 80 townhomes with two or three bedrooms ranging in size from 1,333 to 1,558 squa…

Eagleview heights 464 Eaglecrest Drive Gibsons 87 condos and townhomes by TCD Development Group

2019-06-29

Impressive outlooks on offer at Gibsons' Eagleview Heights Kathleen Freimond The Vancouver Sun Project : Eagleview Heights Project address: 464 Eaglecrest Drive, Gibsons Developer: TCD Development Group Architect : Ankenman Marchand Archite…

Economics Mortgage Rate Forecast

2019-06-28

Mortgage Rate Outlook BCREA Mortgage Rate Outlook The big news in the Canadian mortgage market is the return of sub 3 per cent five-year mortgage rates. The last year of mortgage rate increases has essentially been erased by an acute repric…

Global TV real estate update series June 2019

2019-06-28

other Below are videos on a 5 part series focusing on the real estate market in Vancouver. Taking the temperature of Metro Vancouver Real Estate June 24, 2019  https://screencast-o-matic.com/watch/cq1T0cT8GB Factors cooling Metro Vanco…

Global TV real estate update series June 2019

2019-06-28

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BC government leads by example on green buildings

2019-06-28

BC introduced the CleanBC Government Building Program Steve Randall Canadian Real Estate Wealth As the climate change issue intensifies, the provincial government of British Columbia has pledged to make all its buildings more efficient. It …

Lower construction employment coincided with fewer starts

2019-06-28

The construction industry lost 11,223 jobs in May Ephraim Vecina Canadian Real Estate Wealth Construction employment losses accompanied a noticeably lower volume of housing starts in May. The most recent edition of the ADP Canada National E…

New purpose built 500K square foot lulu lemon headquarters on great northern way will be eco friendly

2019-06-28

Early design concept of lululemon's new global headquarters in Vancouver Kenneth Chan other lululemon is seeking to further solidify and expand its hometown roots in a very big way. The company says it has outgrown its existing facilities i…

Difficult for stratas to put limits on proxies

2019-06-27

Limiting proxies violates owner?s rights Tony Gioventu The Province Dear Tony: Our strata corporation is made up of 78 apartments and 16 townhomes.  Every year when we vote on repairs and maintenance, there is an owner in the apartment…

Amber 633 West King Edward Avenue 31 one, two and three bedroom homes by Aragon Properties

2019-06-27

Aragon?s Amber to be move-in ready in a matter of weeks Barbara Gunn The Province Amber What: 31 suites with one, two and three bedrooms Where: 633 West King Edward Avenue, Vancouver Residence size and prices: 695 to 1,794 square feet; Pric…

BC home sales will surge in 2020: forecast

2019-06-27

BC home sales in 2020 will more than make up for an expected decline this year Josh Sherman Livabl BC home sales in 2020 will more than make up for an expected decline this year, according to the British Columbia Real Estate Association&rsq…

REW.ca now in the Okanagan

2019-06-26

Lifestyles (and listings) in the Okanagan REW This week, REW went live in the Okanagan! You can’t beat the lifestyle in the Okanagan, so here are a few properties to consider that may suit your kind of living. If you LOVE Lakeside Liv…