Real Estate News & Articles

New regulations might benefit Vancouver long-term rental supply

2019-06-26

300 homes have returned to the market?s long-term rental supply Ephraim Vecina Canadian Real Estate Wealth In the four months since Vancouver’s new real estate regulations came into effect on September 2018, a little over 300 homes ha…

Cushman & Wakefield aims to revolutionize CRE search

2019-06-26

Saltmine tech firm providing virtual tours of commercial spaces Steve Randall REP The future of commercial real estate search is the focus of a new partnership between Cushman & Wakefield and design data tech firm Saltmine. The technolo…

Slower growth for new condo prices in Q1 says StatsCan

2019-06-25

Q1 new condo prices easing Steve Randall Canadian Real Estate Wealth Growth in the price of new condos eased in the first quarter of 2019 as continued strength in Vancouver and Ottawa was offset by weaker growth in Toronto and Victoria. Sta…

Toronto's 'Google City' will get $1.3 billion investment

2019-06-25

High tech city looking at 5 hectares on Lake Ontario Steve Randall REP A plan to create a modern, high-tech city in Toronto will benefit from a C$1.3 billion (U$980 million) investment from Alphabet Inc. but the project has raised some ques…

Slower growth for new condo prices in Q1 says StatsCan

2019-06-25

StatsCan index gained 0.7% in Q1 2019 Steve Randall Mortgage Broker News Growth in the price of new condos eased in the first quarter of 2019 as continued strength in Vancouver and Ottawa was offset by weaker growth in Toronto and Victoria.…

Three groups to submit proposals for Vancouver's Broadway subway project

2019-06-25

The groups are Acciona-Ghella Joint Venture, Broadway Connect and West 9th Partners. A proponent will be chosen by mid-2020. Jennifer Saltman The Vancouver Sun The province has chosen three teams to bid on a chance to design, build and fina…

Investment in multifamily construction reaches new heights

2019-06-24

The residential construction sector led the gains for overall Canadian construction investment in April Steve Randall REP The residential construction sector led the gains for overall Canadian construction investment in April, the latest mo…

Political unrest in Hong Kong is bad news for Vancouver millennials

2019-06-24

Upheaval in Hong Kong could have people moving to Vancouver Neil Sharma Mortgage Broker News With political upheaval in Hong Kong, which has seen millions take to the streets to protest an extradition law with Mainland China, speculation is…

AutoProp is now available to 18,000 realtors - a MyLTSA product

2019-06-24

Real estate boards sign up for BC property info solution Steve Randall REP Property research and analysis technology owned by the Land Title and Survey Authority of British Columbia has been adopted by another three real estate boards. The …

Magnum Projects' new development Soleil in White rock offers 8% return on down payments

2019-06-24

Development offers 8% returns on down payments Neil Sharma Canadian Real Estate Wealth As Vancouver’s real estate market continues sputtering, developers are coming out with all kinds of incentives, one of which is an 8% annual return…

Owners aren't actually present in nearly half of Vancouver's condos

2019-06-24

Almost half of Vancouver condo units are not occupied by owners Ephraim Vecina Canadian Real Estate Wealth Vancouver’s condominium market has been a hotbed of activity and price growth over the past few years, but Simon Fraser Univers…

Purplebricks poised to expand in Canada

2019-06-24

A real estate brokerage providing fixed-fee real estate services, coming to Canada Mario Toneguzzi REM Purplebricks, a real estate brokerage providing fixed-fee real estate services, is poised to expand its presence in the Canadian market d…

Condo incentives ramp up, but can they save slow-selling projects?

2019-06-24

Selection of buyer's bait increases as condo developers face crunch time Frank O'Brien Western Investor Cash bonuses of up to $100,000 for realtors; free flights, skis and golf; free mortgage interest and property tax payments for the first…

How companies are de-stressing work forces

2019-06-24

Burnout Nation: How companies are de-stressing workforces Chris Taylor The Vancouver Sun NEW YORK (Reuters) - No matter who you are or what you do, let me take a wild guess: You feel a little burned out right now. Was I right? If so, you ar…

Owner of $24 million Point Grey home goes to court to fight $249,000 vacancy tax bill

2019-06-22

Yi Ju He claims that her home on Belmont Avenue should be exempt from the city's vacancy tax because she is rebuilding it Keith Fraser The Vancouver Sun In a petition filed in B.C. Supreme Court, Yi Ju He, the owner of the home at 4749 Belm…

B.C. money-laundering estimates may be wildly off the mark, admits report author

2019-06-21

Chair of Expert Panel on Money Laundering in Real Estate tells SFU audience that the panel was unable to "estimate the inestimable" Joannah Connolly Western Investor Media headlines proclaimed recent findings of an estimated $7.4 billion in…

Facebook co-founder says Libra could shift monetary clout to private companies

2019-06-21

other Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday. "If g…

Where Can the First-Time Home Buyer Incentive Be Used in Toronto? INFOGRAPHIC

2019-06-21

There are concerns FTHBI criteria are too restrictive to really help average first-time buyers Penelope Graham other The First-Time Home Buyer Incentive (FTHBI), the federal government’s new mortgage equity sharing program, has been s…

Several options are available to address needed repairs

2019-06-20

Owners of strata property have options if council fail to approve repairs Tony Gioventu The Province Dear Tony: The parking garage under our strata corporation has been leaking for several years and our owners continue to defeat the resolut…

Vancouver office building managers' response to homeless people has shifted

2019-06-20

Office building managers' approach to homeless people has shifted Hayley Woodin Western Investor There remains a lot of ground to cover in the two years left of Vancouver’s strategic plan to end street homelessness by 2021. Last year,…

These 2 Canadian housing markets keep reaching new all-time price highs

2019-06-20

Montreal and Ottawa home prices up compared to April Josh Sherman Livabl Peak house prices are still being reached in two of Canada’s major housing markets. Again and again, Montreal and Ottawa have reached new heights on the Teranet&…

Liability For Strata Insurance Deductibles #515

2019-06-20

Property owners may be liable for strata deductible Mike Mangan BCREA Many strata owners do not know they may be personally liable to reimburse their strata corporation for its insurance deductible, the portion of the loss the insured must …

Quadriga's Crypto Ended Up in CEO?s Accounts on Rival Exchanges

2019-06-20

QuadrigaCX CEO's actions ultimately led to collapse of crypto exchange Doug Alexander Bloomberg It’s looking more and more like QuadrigaCX founder Gerald Cotten mismanaged the digital-asset exchange before he died, with cryptocurrenci…

Pent up demand will drive BC home sales in 2020

2019-06-19

BCREA forcasts a 14% jump in 2020 Steve Randall Canadian Real Estate Wealth As we approach the halfway point of 2019, analysts are applying some 2020 vision to their forecasts. For the British Columbia housing market, which has been dogged …