Real Estate News & Articles

Vancouver considering a ban on Bitcoin ATMs ? which police say are ?ideal? for money laundering

2019-06-04

Jen St. Denis other Police have called Bitcoin ATMs “an ideal money-laundering vehicle,” and Vancouver’s mayor has even suggested a ban, but experts and businesses say federal regulation is what’s really needed to re…

Greater Vancouver commercial real estate sales down 49%: Altus Group

2019-06-04

Office sales are the positive outlier in a quarter of declining sales volume and velocity Tanya Commisso Vancouver Courier Greater Vancouver office sales are remaining strong amidst an overall lag in commercial sales value, according to a n…

Ottawa needs more commercial space to avoid economic risk

2019-06-03

Low vacancy in the office market is making growth difficult Steve Randall REP Ottawa is in demand from businesses, especially those in the technology and e-commerce sectors; but it needs to ensure inventory can keep up. That’s the war…

GTA new home sales jumped 123% in April

2019-06-03

Altus Group reveal 3,853 new homes sold in April Steve Randall REP There was some better news for the new homes market in the Greater Toronto Area in April as sales jumped 123% year-over-year. The Building Industry and Land Development Asso…

BC's housing market to bounce back from Vancouver price correction by 2021

2019-06-03

The forecast is starting to look brighter for BC's housing market in the coming years Josh Sherman Livabl The forecast is starting to look brighter for BC’s housing market in the coming years. Central 1 Credit Union anticipates BC hom…

Conditions in BC not conducive to housing activity - analysis

2019-06-02

Existing policies and market conditions in BC prevent many buyers and sellers from fully participating in the market Ephraim Vecina Canadian Real Estate Wealth Existing policies and market conditions in BC prevent many buyers and sellers fr…

Unlicensed broker arranges $511.6 million in mortgages

2019-06-02

Suspended mortgage broker deals in mortgages for 9 years unlicensed Neil Sharma Mortgage Broker News A broker in Vancouver who was suspended over a decade ago has been slapped with an order to cease and desist activities by the Financial In…

Seniors' housing segment across Canada in flux

2019-06-02

CMHC market analysis showed senior rentals in flux Ephraim Vecina Mortgage Broker News Significant regional variances in senior housing activity were apparent over the past year, according to recent market analysis by Canada Mortgage and Ho…

Willow + Oak 11272 240th Street Maple Ridge 54 two, three and four bedroom townhouses by Main Street Homes

2019-06-01

Willow + Oak a draw for first-time buyers Simon Briault The Vancouver Sun Willow + Oak Project location: 11272 – 240th Street, Maple Ridge Project size and prices: 59 homes – 54 townhouses and five single-family homes. Townhomes…

Toronto Is The Fastest-Growing City In U.S. And Canada, And That's Not Good

2019-06-01

The city's "stunning" growth has a downside Daniel Tencer other Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips …

Flying a drone without a licence? You could be fined up to $5,000

2019-06-01

Jason Gaidola - Stephanie Wiebe other As of Saturday, people caught flying drones that weigh between 250 grams and 25 kilograms without a federal licence could face fines of up to $5,000. There are two different types of licences now offere…

Realtors reeling as Vancouver real estate frenzy ends

2019-05-31

Sales for 2016 compared to 2019 down 75% other Trevor Street of Keller Williams Elite Realty in Coquitlam sold 91 homes in the first five months of 2016 at the height of the Metro Vancouver real estate frenzy. Street has made no sales so fa…

Legal action will be initiated to the alleged that allow foreign buyers to avoid tax on realestate purchases | Layla Yang

2019-05-31

Alleged Canada real estate tax cheat for Chinese buyers described in Vancouver legal action|Layla Yang Line Today Staff other An alleged scheme to allow Vancouver's mostly Chinese foreign buyers to avoid tax on real estate purchases has bee…

Strata looks for guidance over federal election signs

2019-05-30

Political signs must be allowed Tony Gioventu Times Colonist Dear Tony: With the federal election in the fall, our strata council, which manages more than 500 units, is discussing a plan to manage political signs and requests from candidate…

Kira 116 one, two and three bedroom homes in a six-storey wood frame building at 750 Dogwood Street Coquitlam by Woodbridge Homes

2019-05-30

Kira condos boast clean, modern interiors and proximity to public transit Michael Bernard The Province Kira What: 116 one-, two- and three-bedroom homes in a six-storey wood-frame building Where: 750 Dogwood St., Coquitlam Residence size: 5…

CRA identifies over $1b in tax evasion since 2015

2019-05-30

The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate Neil Sharma Mortgage Broker News The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate sector …

Stress test responsible for $8b decline in low-rise construction in 2019

2019-05-30

B-20 responsible for low-rise construction down-turn Neil Sharma REP According to a study commissioned by Mortgage Professionals Canada, B-20 will be responsible for $8 billion worth of low-rise construction not occurring by year’s en…

Metro renters pummelled by demovictions and gentrification

2019-05-30

We're told rental is the future Douglas Todd The Vancouver Sun Semi-retired UBC geographer David Ley in Kerrisdale, where purpose-built rental units, small stores and co-ops in his neighbourhood are being demolished to build expensive condo…

6 Apps that make home buying a smooth and convenient experience

2019-05-30

The most useful apps and tools out there for prospective home buyers REW So you’re ready to buy a new home. But as everyone knows, it’s not a simple process. There are a lot of moving pieces, including staying on top of your fin…

Principal Residence + Short-Term Rentals + Resale = Capital Gains Tax

2019-05-30

Renting your principle residence is subject to capital gains tax Kara Kuryllowicz REW Vancouver empty nesters Steve and Barbara’s beloved 3,500 square foot heritage home with spectacular ocean views is now leased four to six months a …

LandlordBC on Burnaby's rental policy: 'The numbers just aren't going to work'

2019-05-30

Burnaby's new rental policies have been met with mixed reviews Kelvin Gawley Western Investor A bold set of policies aims to protect and create rental housing in Burnaby. | Jennifer Gauthie Burnaby’s new rental policies have been met …

Only the 1% can afford a house in Vancouver today

2019-05-30

Vancouver housing is now so expensive that only households with incomes in the top 1 percent can afford a detached home in the city Josh Sherman Livabl Vancouver housing is now so expensive that only households with incomes in the top 1 per…

'Marshmallow soft' B.C. home sales to fall 11 per cent, prices to keep sliding: forecast

2019-05-29

Median residential resale price won't see uptick until 2021 at the earliest, predicts Central 1 economist Joannah Connolly Western Investor Home sales across the province will remain “marshmallow soft” through the rest of the ye…

New website informs buyers of homes' last sold price

2019-05-29

Website gives details of last sold price of houses and condos Steve Randall The Vancouver Sun A new website has launched in Canada which aims to give homebuyers greater information about their potential new home. HonestDoor.com claims a Can…