Real Estate News & Articles

Far less homes were sold last year due to B-20

2019-05-05

B-20 pulled down national sales Ephraim Vecina Canadian Real Estate Wealth Initially meant as a strong policy intervention against red-hot home price growth in Canada’s most in-demand markets, B-20 was responsible for around 40,000 fe…

Montreal sees 183% surge in foreign buyer investment because of foreign buyer tax in Toronto and Vancouver

2019-05-05

Canadian city sees 183% surge in foreign buyer investment Neil Sharma Mortgage Broker News Foreign Investment in Montreal’s property market surged a whopping 183% in 2018 over the previous year—the likely the result of foreign b…

Cedar Walk at Lelem an 18 storey tower on Acadia Road University Endowment Lands by Polygon Homes

2019-05-04

Polygon?s Cedar Walk at Lelem launches new Musqueam community at UBC Barbara Gunn The Vancouver Sun Lelem means “home” in the language of the Musqueam, but as Doug Avis explains it, it can convey so much more. Davis is vice-pres…

Analysis: Only 43 Metro Vancouver homes over $7M have sold in past year

2019-05-03

All of those sold below asking price, averaging 16 per cent off list, as the region?s high-end homes fail to sell Joannah Connolly Western Investor The Metro Vancouver real estate market is clearly cooling down, and nowhere is this happenin…

CMHC: Housing market is no longer "highly" vulnerable

2019-05-03

Improved conditions have reduced housing market to moderate Steve Randall Canadian Real Estate Wealth Canada’s housing market has been rated as “highly vulnerable” for 10 consecutive quarters but the risk is easing. The la…

Wondering what sells in Vancouver's slower market?

2019-05-03

REW has historical data on sales and listings throughout the Lower Mainland REW REW has historical data on sales and listings throughout the Lower Mainland. We used this data to not only see what’s selling, but to also find trends rel…

Vancouver home sales slump again to 43% below average

2019-05-03

REBGV stats show sales slump Steve Randall other Home sales in the Metro Vancouver market continue their downward trend according to the latest stats. The Real Estate Board of Greater Vancouver says that there were 1,829 sales in April, up …

Reduced demand and increased supply remain the trend across Metro Vancouver's housing market

2019-05-02

REBGV Monthly Market Report For April 2019 REBGV other Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports tha…

Condo Smarts: Owners must be given proper notice of meetings

2019-05-02

Owners must be given proper notice of meetings Tony Gioventu The Province Dear Tony: What happens when a strata corporation does not finish the business on the agenda at its annual general meeting? In addition to our annual budget and counc…

Ventura 70 homes in a 6 storey building at 32838 Ventura Avenue Abbotsford by Ventura Properties

2019-05-02

Ventura at the heart of Abbotsford?s evolving City Centre ROBIN BRUNET The Province Abbotsford has evolved to accommodate a steady stream of new residents eager to live in a place that effortlessly balances affordable urban living with the …

Harrison Highlands 59 homes Sales Centre 1489 Osprey Agassiz by Odessa Group

2019-05-02

Harrison Highlands takes a picturesque Fraser Valley location Kathleen Freimond The Province Harrison Highlands What: 59 homes (second phase); one to five bedrooms Where: Highlands Boulevard, Agassiz Residence size and price: 1,421 – …

Metro Vancouver residential property prices still sliding as listings pile up: REBGV

2019-05-02

Board reports sales down 29 per cent from a year ago, causing housing inventory to accumulate Joannah Connolly Western Investor Home prices across Metro Vancouver are continuing to slide, reported the Real Estate Board of Greater Vancouver …

Home-alone trend is adding fuel to housing crisis

2019-05-02

The number of Canadians living all alone has more than doubled in a generation and is now the most common and least affordable form of habitation Frank O'Brien Western Investor In Vancouver, the most expensive rental housing market in Canad…

Latest stats make interest rate hikes highly unlikely in 2019

2019-05-01

Canada's economy brings both good and bad news for the housing market Steve Randall REP The latest reading of Canada’s economy brings both good and bad news for the housing market. While growth slowed in February – to just 0.1% …

Self-employed borrowers seek private lenders for mortgages

2019-05-01

Lifelines for self-employed borrowers Neil Sharma Mortgage Broker News Private lenders have been busy the last few years, and among their best customers are self-employed borrowers. “As COO of one of the country’s top private le…

B-20 unquestionably pulled down national sales - economists

2019-05-01

The stress test has about 40,000 fewer home sales Ephraim Vecina Mortgage Broker News While it was a well-intentioned policy crafted in a time of seemingly uncontrollable price growth in Canada’s largest housing markets, B-20 actually…

Altus Group launches new edition of investment platform

2019-05-01

ARGUS Cloud investment tool enhanced Ephraim Vecina Mortgage Broker News Altus Group has announced the latest edition of its ARGUS Cloud commercial real estate investment tool, which will feature new cloud-enabled solutions and capabilities…

Luxury home market experiencing 'carnage' in some spots

2019-05-01

The luxury home market taking a tumble David Molko other When it comes to some high-end mansions in the tony West Vancouver community called British Properties, it turns out looks can be deceiving. Case in point, the 9,000+-square-foot home…

Moving Checklist: Handy Guide for Moving House

2019-04-30

Moving is one tough slog. This list will help you get the whole process under control Andrea Nazarian REW Moving house is not something most people look forward to. It's a huge disruption of your life and it requires endless coordination an…

Canmore, Leduc top list of Alberta's best real estate investment towns

2019-04-30

Some savvy, smaller, multi-industry cities are crushing the notion that the entire province is facing a resource-linked downturn Frank O'Brien Tanya Commisso Western Investor Canmore  Canmore, the closest mountain town to Calgary, is t…

Redfin launches to "fantastic response" in Vancouver

2019-04-29

Redfin Vancouver to cover Delta to Whistler Steve Randall Canadian Real Estate Wealth Redfin has expanded its reach in Canada to a second city, launching in Vancouver with a team of full-service agents and a 1% listing fee. The Seattle-base…

Here's What The Bank Of Canada Says Is The Real Reason For The Housing Slowdown

2019-04-29

Don't blame government policy. We kind of did this to ourselves Daniel Tencer other For months now, the real estate industry has been telling us that Canada's mortgage stress test is the primary cause of the housing slowdown in Greater Toro…

When should you list a home for sale? (INFOGRAPHIC)

2019-04-29

The spring market tends to be the busiest time of year for selling real estate Joannah Connolly Western Investor The spring market tends to be the busiest time of year for selling real estate – but does that mean you’ll necessar…

Intergenerational wealth transfer will buoy housing market

2019-04-28

Mom and Dad's wealth will help children buy homes Neil Sharma REP While activity in the housing market has cooled, it will be spry within a decade. “There’s an intergenerational wealth transfer coming in the next, probably, 10 y…