Real Estate News & Articles

Under 3% of Vancouverites can afford a house

2019-04-28

Only the top 2.5% on income earners can afford a house Neil Sharma Mortgage Broker News Only the top 2.5% of income earners can afford the benchmark price for a Vancouver house. Assuming a 20% down payment at a 3.75% mortgage rate on a 30-y…

Millennial demand will not be deterred by high prices

2019-04-28

Canada's largest cities attracting millennials Ephraim Vecina Mortgage Broker News Housing demand among Canadian millennials in the country’s urban markets is still poised to grow despite elevated costs, according to recent analysis b…

BoC predictions for next year are far too optimistic - observer

2019-04-28

Bank of Canada off mark on financial market predictions Ephraim Vecina Mortgage Broker News The Bank of Canada is considerably off the mark in its financial market predictions for 2020, David Doyle of Macquarie Group has argued. Specificall…

The Income Group You Need to Be in to Buy a Home in these Canadian Cities

2019-04-28

The Income Group You Need to Be In To Buy a House or Apartment Across Canada Penelope Graham other Looking to purchase a home in one of Canada’s biggest cities? You’ll need to be among the highest echelon of income earners to do…

One Central 550 homes in a 44 storey tower at 13350 Central Avenue Surrey by Aoyuan property Group

2019-04-25

One Central to be a 44-storey addition to Surrey?s skyline Simon Briault The Province One Central What: 550 one- to three-bedroom homes in a 44-storey tower Where: 13350 Central Avenue, Surrey Developer: Aoyuan Property Group Residence size…

Strata council should consider other units when planning patio expansion

2019-04-25

Consider other units when pondering patio expansion Tony Gioventu The Province Dear Tony: Our condo is in White Rock and our strata council is preparing a roof replacement of our main building. We have one penthouse unit adjacent to the roo…

Vancouver industrial market activity exceeds $150M in Q1 2019

2019-04-25

Industrial market facing low vacancy rate Ephraim Vecina Canadian Real Estate Wealth Metro Vancouver’s robust industrial market has seen sales activity surpass $150 million during the first quarter of the year alone, according to Avis…

Self-employed increasingly turning to private lenders for mortgages

2019-04-25

Self-employed borrowers seek private lenders for mortgages Ross Marowits Canadian Real Estate Wealth The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. While many prospectiv…

Canada should revisit mortgage rules as housing cools, CIBC says

2019-04-24

B-20 forcing purchaser to get unregulated mortgages REP One of Canada’s largest banks is calling on the federal government to reconsider controversial new mortgage rules, as the transfer of risk to unregulated lenders potentially make…

Downhill credit conditions paving the way for banking crisis

2019-04-24

Canadian banks headed toward weakest credit cycle Ephraim Vecina REP Worsening credit conditions are pushing Canada’s banks ever closer towards major loan losses, a new CIBC Capital Markets report stated. Such losses are “hardly…

The taxes that sent Vancouver's luxury housing market reeling

2019-04-24

Foreign buyer's tax and empty home tax affecting luxury housing market Canadian Real Estate Wealth Vancouver’s housing market is buckling under a slew of taxes and regulations introduced since 2016 to tame years of relentless growth t…

Vancouver home prices are going to fall further this year

2019-04-23

Lower Mainland home prices are going to fall another 5 percent Josh Sherman other Central 1 Credit Union predicts Lower Mainland home prices are going to fall another 5 percent before bottoming out as the beleaguered market continues to cor…

Federal stress test caused up to $15B drop in new mortgages: economist

2019-04-22

Time to rethink the too-strict stress test, urges CIBC?s chief economist Joannah Connolly Western Investor The federal government’s mortgage stress test has done its job and it’s now time to rethink the rules, according to a lea…

Heritage buildings shown some love by Vancouver

2019-04-22

Heritage Incentive Program to protect buildings Steve Randall Canadian Real Estate Wealth Heritage buildings and assets in Vancouver have been given a conservation boost by the City Council which has approved three components of a preservat…

TREB bars property listing portal, Mogohouse, from using its data

2019-04-22

Mongohouse served as a readily accessible resource for property listings and sold data. Ephraim Vecina Mortgage Broker News The Toronto Real Estate Board announced that it has successfully sued Mongohouse, preventing the now-defunct propert…

B.C real estate sector makes money-laundering recommendations

2019-04-19

Victoria, Ottawa urged to revamp legislation, work with real estate industry Jeremy Hainsworth Western Investor B.C.’s real estate sector Monday made five recommendations to Victoria and Ottawa aimed at helping protect the industry fr…

KNOW YOUR SELLER

2019-04-18

Legally Speaking 513 (April 2019) Chris Johnston B.A., LL.B. BCREA Seller's agents must be certain that they are dealing with the person with authority to list and sell the property. Confirming the identity and the authority of your clients…

Economists rule out rate change next week

2019-04-18

Economists believe BoC will leave rate as is Steve Randall Canadian Real Estate Wealth The Bank of Canada will announce its April interest rate decision next week but a survey shows little expectation that it will make a change. Nine out of…

The Oaks 731 Anskar Court Coquitlam 135 homes in a 6 storey building by Strand Developments

2019-04-18

Amenity spaces will enhance community at The Oaks ROBIN BRUNET The Province West Coquitlam has been described as a growing hub of culture and outdoor recreation, an ideal place for families to put down roots and for people to connect with e…

Balancing security rights with safety

2019-04-18

Owners do not have to hand over keys Tony Gioventu The Province Dear Tony: The story of the owner who raised alarms in her unit over unlawful access by an employee has also raised serious concerns in our condo. We live in downtown Vancouver…

MODE 3438 Sawmill Crescent Vancouver a 25 storey tower with 257 homes by Wesgroup Properties

2019-04-18

Wesgroup?s MODE to take its place in an expanding Vancouver neighbourhood Kathleen Freimond The Province MODE What: a 25-storeys building with 257 homes Where: 3438 Sawmill Crescent, Vancouver Residence size and prices: One bedroom 562 to 7…

Owners of West Georgia White Spot site propose two luxury condo towers

2019-04-18

Proposed twin 38-storey Alberni Towers would house 455 units in revised concept Joanne Lee-Young The Province Owners of the much-watched White Spot restaurant property in the West End across from Coal Harbour are proposing to build two high…

Towers envisioned for West Georgia White Spot site

2019-04-18

Two 38-storey towers could replace the West Georgia White Spot and adjacent lot Western Investor Two 38-storey towers could replace the West Georgia White Spot, and a gravel lot beside it, which is currently being used as a dog park. A four…

13 strategic questions to identify whether an agent is the best fit

2019-04-18

Consumers need to develop an effective selection process in the lead up to hiring a buying agent Kara Kuryllowicz REW REW talked to experienced agents to identify the most important questions consumers should ask to ensure the agent they se…