Real Estate News & Articles

Find Vancouver real estate expensive? Check out these exorbitant markets

2019-05-13

Vancouver is certainly pricey, but average per-square-foot price for a downtown condo pales in comparison with some global cities Joannah Connolly Western Investor We all know Vancouver is an extremely expensive real estate market – e…

Andrew Scheer says he wants to scale back Canada's mortgage stress test

2019-05-13

If elected Andrew Scheer will review stress test Josh Sherman other Changes to Canada’s mortgage stress test could be coming, depending on the outcome of the October federal election. Official Opposition Leader Andrew Scheer says he&r…

Money laundering causes 5% price spike in B.C.

2019-05-12

Panel report on money laundering says home prices spiked upward Neil Sharma Canadian Real Estate Wealth An expert panel’s report on money laundering in British Columba determined ill-gotten gains contributed to real estate prices spik…

Industry weighs in on B.C. money laundering

2019-05-12

$5b went through real estate Neil Sharma REP In light of a blistering report on money laundering in British Columbia, industry professionals have weighed in on how the problem can be curtailed. While British Columbia ranks behind Alberta, O…

Most of B.C.'s dirty money laundered through real estate - report

2019-05-12

Report on money laundering says major influence in real estate Ephraim Vecina REP Unscrupulous elements ferried around $7.4 billion in dirty money in B.C. last year, with an estimated $5 billion laundered through the real estate market, acc…

Kira 750 Dogwood Street Coquitlam 116 homes in a 6 storey building by Woodbridge Homes

2019-05-11

Kira residency in Coquitlam all about light Michael Bernard The Vancouver Sun Kira Project address: 750 Dogwood St., Coquitlam Project Scope: A total of 116 one-, two- and three-bedroom homes in a six-storey wood-frame building. Homes range…

BC Assessments Vs. What Your Home is Truly Worth

2019-05-10

BC Assessments not tied to true market value Dustan Woodhouse REW BC Assessment notices have arrived in the mail, giving some homeowners a big smile and a bit more spring in their step (increased property taxes aside), while others wilt and…

Amira 612 Brantford Street New Westminster 41 homes in a 6 storey building by Alpha Beta Developments Ltd

2019-05-09

New Westminster?s Amira will take a position close to shops, transit, schools and restaurants Michael Bernard The Province Amira What: 41 one-, two- and three-bedroom homes in a six-storey building Where: 612 Brantford St., New Westminster …

Confirm everything in writing before you buy

2019-05-09

A seller must provide a property purchase disclosure Tony Gioventu The Province Dear Tony: We have been looking for a two-bedroom mid-sized condo in the Metro Vancouver area for the past three months. We have viewed several units and put in…

Money laundering drove up B.C. real estate prices by 5%: reports

2019-05-09

Effect on Lower Mainland could be much higher, finance minister says Graeme Wood Western Investor An estimated $5.3 billion of laundered money into B.C. real estate in 2018 hiked housing prices about 5 per cent, two special reports released…

Vancouver's luxury market: 'There's something wrong with this picture'

2019-05-09

Can't compare Vancouver's market with other cities 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 costs $2,660,000—i…

Peerage Realty Partners acquires Sotheby's International Realty Canada

2019-05-09

Sotheby now Peerage Realty Mario Toneguzzi REM Sotheby’s will be run independently, but Peerage executive Don Kottick will become its new president and CEO. Kottick is an industry veteran who has previously been a director at CREA, pr…

Purplebricks is a real estate brokerage disruptor providing fixed-fee real estate services is rethinking its business

2019-05-09

Are real estate disruptors growing too fast for their own good Steve Randall REP One of the fastest-expanding disruptors in the real estate brokerage space says it is facing some challenging market conditions, prompting a re-think of parts …

Province cracks down on tenancy law-breakers - whether renters or landlords

2019-05-08

Ministry of housing sets up enforcement group, warns of fines of up to $5,000 a day Joannah Connolly Western Investor The Province of British Columbia is cracking down on landlords and renters who break tenancy laws by setting up a complian…

Money laundering funded $5.3B in B.C. real estate purchases in 2018, report reveals

2019-05-08

Reports point to numerous gaps allowing criminals entry to province's housing market Bethany Lindsay other An estimated $5.3 billion worth of real estate transactions in B.C. last year were the result of money laundering, helping to fuel th…

Transit is increasingly a deal-breaker for Canadian homebuyers

2019-05-07

A new survey said that proximity to transit important to home buying Steve Randall Canadian Real Estate Wealth Busy lives and the changing trends in how we get around is driving greater demand for homes close to good transit links. In a new…

30-year lease touted as alternative to luxury purchase

2019-05-07

Long-term leases for luxury homes Neil Sharma Canadian Real Estate Wealth Long-term residential leases aren’t popular in North America like they are in other parts of the world, but a Vancouver-based company endeavours to change that.…

Vancouver sales volume falls due to slackened demand

2019-05-07

Sales down compared to April last year Ephraim Vecina Canadian Real Estate Wealth Weak demand continues to pull down the Vancouver housing market’s sales volume, according to new figures from the Real Estate Board of Greater Vancouver…

Coquitlam realtor faces discipline over unexpected $17K roof assessment

2019-05-07

Realtor was reprimanded for failing to review strata documents Gary McKenna Western Investor Days after moving in, the purchaser of a townhouse unit in Port Moody received a welcome package from the strata council stating that a vote on roo…

First-Time Home Buyers Incentive - What Does it Really Mean?

2019-05-07

Professionals waiting for more details on FTHBI Kara Kuryllowicz REW Will the First-Time Home Buyers Incentive (FTHBI) really help Canadians that are ready to commit to a home of their very own? Put that question to Canada Mortgage and Hous…

Squamish Nation to build 3000 rental units by Burrard street bridge in Vancouver

2019-05-06

Squamish Nation to undertake new development in Vancouver Ephraim Vecina Mortgage Broker News Squamish Nation has announced its plans to begin the development of one of Canada’s largest Indigenous urban developments, slated to arise b…

Slower market is a positive for Fraser Valley affordability

2019-05-06

Fraser Valley sales up from March Steve Randall REP The Fraser Valley continues to be a slower-than-usual housing market but there are some positives. Sales in April were down 19% year-over-year to 1,383, although that was an increase of 13…

Article about the contractors and suppliers below, we do not get paid a referral from any of them

2019-05-06

Referrals and conflict of interest Jeff Stern REM There is a wide array of professional services home buyers and sellers use during the buying and selling processes. Lenders and lawyers are the ones people are most familiar with. …

Average Vancouver home prices could lose $100,000 from 2018 peak

2019-05-06

Home prices in Vancouver 12 percent below the peak last June Josh Sherman Livabl The housing recession that is sweeping across the Vancouver area will leave home prices 12 percent below the peak achieved last June, an economist predicts. If…