Real Estate News & Articles

Bank of Canada Interest Rate Announcement

2019-05-29

BCREA BCREA The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that the slowdown over the past two quarters was temporary and growth …

Mixed-use developments in Metro Vancouver are ripe for investment

2019-05-29

Urban enclaves near transit a good investment Ephraim Vecina REP Large-scale developments in Metro Vancouver offer multiple opportunities across a diverse range of asset classes, according to Avison Young’s latest market analysis. In …

B-20 will kill $8b worth of new low-rise construction in 2019

2019-05-29

Q1 of 2019 saw an 8% decline in new home construction Neil Sharma Mortgage Broker News B-20 is expected to kill $8 billion worth of new low-rise construction activity this year. According to a Mortgage Professionals Canada study, there was …

Current policy regime is stifling BC home resales - analysis

2019-05-29

Analysis found home sales down 40% since the beginning of 2019 Ephraim Vecina Mortgage Broker News Stricter government policies on housing have proved to be a potent factor pulling down resale demand in BC, according to Vancouver’s Ce…

Equitable Bank Q1 growth supported by alternative lending activity

2019-05-29

Alternative and prime single-family mortgages grew 15% and 48% Ephraim Vecina Mortgage Broker News During the first quarter of the year, Equitable Bank achieved its highest market share so far in the Canadian lending space, fuelled by signi…

Economist forecasts stability to return to Metro Vancouver's detached housing market

2019-05-28

Economist says stability will return to Metro detached market David Carrigg The Province Metro Vancouver detached home prices should stabilize later this year but condo prices will continue to fall, according to the deputy chief economist o…

Montreal-based Lightspeed is writing a new chapter in Canadian tech story

2019-05-28

Lightspeed is writing a new chapter in the Canadian tech story Kevin Carmichael The Vancouver Sun The Canadian Establishment needed some new blood. On March 8, it got some, when Montreal-based Lightspeed POS Inc. debuted on the Toronto Stoc…

Metro Vancouver's urban enclaves promise even more investment

2019-05-27

Investors seeking mix-use developments Ephraim Vecina Canadian Real Estate Wealth Investors are gravitating towards large mixed-use developments situated near rapid transit lines in Metro Vancouver, according to a new analysis by Avison You…

Regional condo sales trends continue to diverge

2019-05-27

Canadian home sales in 2018 dropped by 21% Ephraim Vecina Canadian Real Estate Wealth Amid an overall trend of moderation nationwide, condo sales continue to exhibit significant regional variances, according to the latest Altus Group Housin…

Seaside 4638 Orca Way Tsawwassen 125 two, three and four bedroom rowhomes by Mosaic

2019-05-25

With Seaside, Mosaic steps into South Delta Barbara Gunn The Vancouver Sun Seaside Project address: 4638 Orca Way, Tsawwassen Project size: 125 two-, three- and four-bedroom rowhomes (in the first phase) Developer: Mosaic Architect: Ekistic…

Starchitects still coming with big designs to change Vancouver skyline

2019-05-25

Several glitzy high-end towers are proposed for downtown, many by prominent international architects John Mackie The Vancouver Sun Rumours about the death of Vancouver’s high-end real estate market may be exaggerated. Several new high…

First Time homebuyer Land Transfer Tax Rebate

2019-05-24

If you?re a first-time home buyer, there are more programs available for you to take advantage of other If you’re a first-time homebuyer (FTHB) in Ontario, British Columbia, or Prince Edward Island, you may be eligible to receive a la…

Developers hit pause on riskier, highrise condo projects: Urban Analytics

2019-05-24

Highrise condo projects, which carry significant risk for developers and construction lenders, comprised the largest proportion of postponed developments Joanne Lee-Young The Vancouver Sun Vancouver-based developer Townline gave official no…

Latest Vancouver real estate pitch: Free wine for a year with pre-sale condo purchase

2019-05-24

Whether it is free wine or avocado toast, creative offers are signs of the times in a real estate market with slowing sales. Derrick Penner The Vancouver Sun A Vancouver condo developer is offering free wine to presale buyers in an attempt …

Developers step up quirky incentive game to lure new condo buyers

2019-05-24

We'll see your avocado toast and raise you a glass of wine Joannah Connolly Western Investor The trend for quirky new-home buyer incentives is continuing after developer Woodbridge Homes  recently offered a year’s worth of avocad…

Amid taxes, values of Metro Vancouver properties fall substantially

2019-05-23

Restrictive policies led to loss in property values Ephraim Vecina Mortgage Broker News An array of restrictive policies like school and speculation taxes have led to the loss of as much as $90 billion in the overall value of Metro Vancouve…

Variations apply to strata rental bylaws

2019-05-23

Condo Smarts: Variations apply to bylaw rentals Tony Gioventu The Province Dear Tony: If a strata corporation has a bylaw that limits the number of rentals to 10 out of 100, how are they counted? Our strata council has advised owners there …

Cedar walk at Lelem 140 apartments and townhomes at 5410 Shortcut Road by Polygon Cedar Walk Homes Ltd

2019-05-23

Polygon?s Cedar Walk at Lelem launches a new 22-acre community Barbara Gunn The Province Cedar Walk at Lelem What: 140 concrete one- and two-bedroom apartments and four-bedroom townhomes Where: 5410 Shortcut Road, Vancouver (off University …

Developers could possess information about money launderers

2019-05-23

Only developers know who is purchasing preconstruction units Neil Sharma Mortgage Broker News Could the government forcing real estate developers to divulge buyer information become a key cog in the fight against money laundering? “Wh…

How Have Ontario Home Prices Changed Since the Introduction of the Fair Housing Plan?

2019-05-23

Ontario's Fair Housing Plan: home Prices Two Years Later Penelope Graham other In April 2017, the former provincial Liberal government introduced a 16-part set of measures designed to balance the Ontario housing market by cooling rampant pr…

High-stakes Burnaby bowling-alley sale, unenforceable, 'tainted by illegality': judge

2019-05-23

Real estate agent for both parties withheld information from owner about rezoning potential of property now worth $86 million Cornelia Naylor Western Investor Big deal The 4.28-acre property at 5502 Lougheed Hwy., currently the site of REVS…

April home sales show Canadians have largely adapted to B-20

2019-05-22

BMO says Canadian housing activity stabilizing Ephraim Vecina Canadian Real Estate Wealth Recent sales activity might indicate that the national market has already acclimated to the largest impacts of B-20, according to Bank of Montreal chi…

One in five proposed Vancouver housing units has been shelved: report

2019-05-22

New home sales fell seven per cent last year, on top of a 31 per cent decline in 2017, causing developers to abandon projects Joannah Connolly Western Investor With new home sales dropping in tandem with resale residential units, Vancouver …

Canadian House Price Forecast: What The Next 5 Years Will Look Like In 33 Cities

2019-05-22

Forecast calls for higher home prices Daniel Tencer other The latest Canadian house price forecast from Moody’s Analytics really has no good news for anyone. If you’re a homeowner hoping to make big equity gains, forget it. And …