Real Estate News & Articles

Crypto Exchanges Are Facing Their Biggest Regulatory Hurdle Yet

2019-06-11

Olga Kharif Bloomberg Bitcoin and its fellow cryptocurrencies have surged in popularity partly because they’ve offered a way to skirt the government oversight exercised over traditional financial systems. Well, get ready to kiss much …

CRA issues warning about real estate investment schemes

2019-06-11

Tax write-offs by investing in real estate is illegal Steve Randall REP A warning has been issued regarding investment schemes that promise tax write-offs by investing in real estate through limited partnerships. The Canada Revenue Agency s…

BC leads permits to record high but there's a good reason why

2019-06-11

Canadian municipalities issued a record high of building permits in April Steve Randall REP Canadian municipalities issued a record high of $9.3 billion worth of building permits in April. British Columbia led the gains with builders keen t…

Thinking of Buying a Leasehold Property? Read This First

2019-06-11

This cheaper option for home ownership may be tempting, but it also comes with risks. Find out before you buy Atrina Kouroshnia REW Don’t know what a leasehold property is? Don’t worry. Here’s a basic introduction with som…

May housing starts cause for concern?

2019-06-10

CMHC says housing starts slowed in May REP Canada Mortgage and Housing Corp. says the pace of housing starts slowed in May. The housing agency say the seasonally adjusted annual rate of housing starts slipped to 202,337 units in May, down 1…

Market collapse appears less likely says RBC

2019-06-10

A market report from real estate boards recovery underway Steve Randall Canadian Real Estate Wealth Last week’s market reports from real estate boards including those in Vancouver and Toronto show that there is recovery underway with …

Vancouver commercial investment is not having a good 2019 so far

2019-06-10

Commercial asset investment in Vancouver is weak Ephraim Vecina Canadian Real Estate Wealth Aside from a surging office market, commercial asset investment in Vancouver has been weak so far this year, according to new research by Altus Grou…

Sotheby's International Realty Canada franchise rights sold

2019-06-10

Peerage Realty partners acquire Sotheby's international Realty Canada Steve Randall REP The real estate-focused business of investment firm Peerage Capital is to acquire the franchise rights of Sotheby’s International Realty Canada. T…

Down payments are the biggest fear for first-time buyers

2019-06-10

A poll showed that 57% of first time buyers concerned about the down payment Steve Randall REP Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey. The poll of …

Vancouver's luxury home market is very attractive because you can dump your money here and you pay a modest amount of property tax

2019-06-09

Vancouver's luxury market: 'There's something wrong with this picture' Neil Sharma Canadian Real Estate Wealth Trying to put a positive spin on Vancouver’s luxury property prices—where a two-bedroom, 1,831 square foot condo cost…

Vancouver condo launches picked up steam in May after slow April

2019-06-07

Developers launched more condo projects in May Josh Sherman Livabl Lower Mainland developers launched more condo projects across the Vancouver area and the Fraser Valley in May following a slower April, MLA Advisory reports. MLA Advisory, t…

Millennials are buying recreational property rather than a main home

2019-06-07

Recreation property bought by millennials used as main home Steve Randall Canadian Real Estate Wealth Recreational homes are attracting strong interest from millennials but for many they are not second homes but the only ones they can affor…

Developer postpones pre-sales for high-rise towers in Burnaby and Coquitlam

2019-06-06

New Burnaby and Coquitlam projects were unable to pre-sell 50 per cent of their units Joanne Lee-Young The Province Vancouver developer Ledingham McAllister is putting on hold the launch of pre-sales for three high-rise, transit-hub condo t…

Condo Smarts: Strata act spells out rules regarding interest

2019-06-06

Strata act spells out rules regarding interest Tony Gioventu The Province Dear Tony: Our strata corporation has just issued its final accounting report on a special levy that was collected over two years for a major building upgrade. The ac…

Toppen Ridge 24 two and three bedroom townhomes at 237 Ridgeway Avenue North Vancouver by Formwerks Boutique Properties

2019-06-06

Toppen Ridge to make its home in North Vancouver's Moodyville Kathleen Freimond The Province Toppen Ridge, a project from Formwerks Boutique Properties, comprises 24 two- and three-bedroom townhomes. Toppen Ridge townhomes in North Vancouve…

Single-family detached homes give boost to Fraser Valley sales

2019-06-06

FVREB reported a 10% increase in May Sales Steve Randall Canadian Real Estate Wealth There was a slight rise in home sales in the Fraser Valley in May but sales remain 18% below the 10-year average. The Fraser Valley Real Estate Board repor…

Running a brokerage is harder than you think

2019-06-06

Starting a brokerage has a unique set of challenges Neil Sharma Mortgage Broker News Starting a brokerage isn’t without its unique set of challenges—for one, expect production to dip. “When you start hitting a certain volu…

Toronto is steadily becoming a sellers' market - TREB analysis

2019-06-06

Toronto home sales last month shot up and supply remained static Ephraim Vecina Mortgage Broker News Toronto is in a gradual trajectory towards being a sellers’ market, with home sales last month shooting up and supply remaining virtu…

65-storey Burnaby tower at two Gilmore Place will be tallest in region

2019-06-05

Burnaby highrise will be the region's tallest vertical village Randy Shore The Vancouver Sun The newly approved Concord Pacific Metrotown development will feature a 65-storey tower and test the vertical limits of the urban village concept. …

Aragon Properties to build condos before opening sales

2019-06-05

Novel sales pitch hits Vancouver Neil Sharma Canadian Real Estate Wealth A novel, if risky, idea is slated for Vancouver’s real estate landscape. Aragon Properties will be building two condominiums before even opening sales—a mo…

Toronto-Area Average Home Prices Up 3.6% From Last May

2019-06-05

GTA May Home Sales Up by Nearly 20%, Though Still Below Average: TREB Penelope Graham other May ushered in more promising data for the Greater Toronto Area real estate market, with robust double-digit growth in sales recorded for the second…

CLIPoints to Stabilizing Commercial Activity in 2019 Q1

2019-06-05

The Commercial Leading Indicator rose 1.3 points in Q1 2019 BCREA The BCREA Commercial Leading Indicator (CLI) roseby 1.3points to 135.2in the first quarter of 2019.Compared to this time oneyear ago, the index is 1.1per cent higher. “…

All levels of government inflaming housing crisis: Ipsos poll

2019-06-04

Governments are doing enough to improve the province?s housing situation Neil Sharma Mortgage Broker News British Columbians are a frustrated bunch—and who could blame them? An Ipsos poll conducted on behalf of the Urban Development I…

How to lose money developing a big-city casino

2019-06-04

Government decisions helped push Parq casino into "selective default" on a $560 million debt Glen Korstrom , Frank O'Brien Vancouver Courier Questions swirl around whether taxpayer money was used wisely in courting the Parq Vancouver entert…