Real Estate News & Articles

Negative impact of B-20 massively apparent in residential mortgages

2019-04-17

Mortgage volume fell last year Ephraim Vecina Mortgage Broker News The tighter mortgage stress tests mandated by B-20 is responsible for Canadian residential mortgage volume falling by as much as $15 billion last year, according to a new CI…

Vancouver's spate of new rules discouraging foreign investors

2019-04-17

New regulations pushing investors to Toronto Ephraim Vecina Mortgage Broker News Vancouver’s rapid-fire introduction of new regulations that target foreigners is pushing away more and more investors towards Toronto, observers warned. …

B.C. multi-family market continues magnetizing investment

2019-04-17

BC multi-family market continues to draw investors Ephraim Vecina Mortgage Broker News Multi-family investment volume in B.C. exceeded the billon-dollar mark for the second straight year in 2018, according to new research by Avison Young. T…

Luxury homeowners renting to avoid Vancouver's EHT

2019-04-17

Rather than pay the Empty Homes Tax, some owners of high-end homes are renting Steve Randall REP Students and other renters in Vancouver are able to live in luxury thanks to Vancouver’s tax on vacant homes. Rather than pay the Empty H…

Home sales remain in a 'holding pattern' says CREA

2019-04-16

Spring home sales are up and down across the country Steve Randall REP The spring season is a mixed one for Canada’s housing markets with some showing gains while others remain under pressure. More than a year on from the introduction…

After a long boom, most Vancouver homebuilders don?t know what a housing crash looks like

2019-04-16

BC developers not prepared for extended housing downturn Josh Sherman other Some BC developers aren’t prepared for an extended Vancouver housing downturn, and that’s creating increased risk for the market, a local realtor and in…

After a long boom, most Vancouver homebuilders don?t know what a housing crash looks like

2019-04-16

BC developers not prepared for extended housing downturn Josh Sherman other Some BC developers aren’t prepared for an extended Vancouver housing downturn, and that’s creating increased risk for the market, a local realtor and in…

After a long boom, most Vancouver homebuilders don't know what a housing crash looks like

2019-04-16

BC developers not prepared for extended housing downturn Josh Sherman other Some BC developers aren’t prepared for an extended Vancouver housing downturn, and that’s creating increased risk for the market, a local realtor and in…

House price index posts first non-recession March fall in 20 years

2019-04-15

Canada?s home prices continued their downward trend Steve Randall Canadian Real Estate Wealth Canada’s home prices continued their downward trend last month according to a leading measure. The Teranet-National Composite House Price In…

BC Real Estate Sector Submits Anti-Money Laundering Recommendations To Government

2019-04-15

Key professions in the BC real estate sector gave recommendations on money laundering BCREA Organizations representing key professions in the BC real estate sector submitted joint recommendations to the provincial and federal governments to…

BC Real Estate Sector Submits Anti-Money Laundering Recommendations To Government

2019-04-15

Key professions in the BC real estate sector gave recommendations on money laundering BCREA Organizations representing key professions in the BC real estate sector submitted joint recommendations to the provincial and federal governments to…

Stress Test Creating Pent-up Deman

2019-04-15

March sales were down 27% from March 2018 BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 2…

Vancouver vacancies, supply drop further this year

2019-04-14

Office vacancies running out Ephraim Vecina Mortgage Broker News Office vacancy and availability supply have fallen further in downtown Vancouver since Q3 2018, according to research by Avison Young. In its Tenant Profile Report Q1 2019, Av…

Squamish Nation expects debate over plans for 3,000 housing units at Burrard Bridge

2019-04-12

Squamish Nation project to spark debate Joanne Lee-Young The Vancouver Sun The Squamish Nation’s plan for a housing project with some 3,000 units on land adjacent to the Burrard Bridge and Vanier Park is destined to be one of the most…

Ottawa to strengthen National Housing Strategy

2019-04-12

The right to adequate housing for all Steve Randall Canadian Real Estate Wealth The federal government announced Thursday that it is adding more strength to the National Housing Strategy. The right to adequate housing for all Canadians will…

Gather evidence quickly when common property is damaged

2019-04-11

Strata Property Act gives the corporation the authority to do work on a strata lot or common property Tony Gioventu The Province Dear Tony: Our strata corporation has an owner who has caused damages to a number of areas in our townhouse com…

Squamish Nation plans large housing development at south end of Burrard Bridge

2019-04-11

First Nation could add up to 3,000 housing units on its land in Kitsilano other The Squamish Nation is planning a massive housing development that could change the face of Kitsilano and False Creek. The project could see as many as 3,000&nb…

Record high for Vancouver industrial sector amid 'unrealistic' boom

2019-04-10

Limited inventory driving commercial real estate Steve Randall Canadian Real Estate Wealth Vancouver’s industrial real estate sector is seeing some overinflated values as limited inventory is in demand from developers and investors. T…

IMF says Canada's housing market is risky, similar to the bust

2019-04-08

International Monetary Fund concerned about Canadian housing market Canadian Real Estate Wealth The International Monetary Fund has expressed concern about rising risk in the Canadian housing market. The IMF’s Global Financial Stabili…

Toronto holds strong while Vancouver dips and Montreal soars

2019-04-07

Canadian residential real estate slow through first quarter Neil Sharma Mortgage Broker News Residential real estate in Canada slowed through the first quarter compared to the same time last year. The Royal LePage House Price Survey reveale…

Simplifying Data for Real Estate Marketing

2019-04-05

REW When it comes to promoting a listing or growing your client base, it can be hard to figure out where to focus your efforts. Finding the right data and knowing how to use it can make you more efficient in your marketing process.   W…

Survey reveals housing market off to a sluggish start

2019-04-05

Royal LePage's House Price Survey shows a sluggish start Duffie Osental Canadian Real Estate Wealth The price of an average home in Canada increased by just 2.7% year-over-year in the first quarter of 2019 – a sign that the housing ma…

Despite lower prices, Vancouver housing remains out of reach

2019-04-05

More housing supply is needed Neil Sharma REP Vancouver’s housing market has slowed considerably, but that doesn’t mean finding housing is any easier for its citizens. “Just because the market is slowing, it doesn’t …

Canada's major housing markets still at high risk of price drops, says IMF

2019-04-05

Metro Vancouver, Greater Toronto and Calgary are highly vulnerable real estate markets, according to global report Joannah Connolly Western Investor Canada’s biggest real estate markets are still at high risk of a sudden home price dr…