Real Estate News & Articles

Vancouver added record number of new homes in past 2 years

2019-04-05

A quarter of new homes are social and supportive homes Steve Randall Canadian Real Estate Wealth There have been 15,404 new homes created in Vancouver in the last two years according to official figures. The City of Vancouver says it is a r…

CMHC releases statement on Liberals' mortgage plan

2019-04-04

The government to pick up 5% of a mortgage Canadian Real Estate Wealth Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage point. A r…

Conditions may be imposed for common property alterations

2019-04-04

A strata corporation must act reasonably when it receives a request from an owner to alter a strata lot Tony Gioventu The Province Dear Tony: Our strata council has been approached by an owner who purchased an electric vehicle and wants upg…

Altus Group forecasts, risk assesses Vancouver housing market

2019-04-04

Despite lower prices, Vancouver housing remains out of reach Neil Sharma Mortgage Broker News Vancouver’s soft real estate market has done little to relieve the squeeze constrained housing supply is putting on locals. “Just beca…

Real estate slowdown in major cities has 'silver lining' for buyers: Royal LePage

2019-04-04

Decline in home prices in B.C. and slowing price growth across Canada provides opportunity to get into market, says real estate brokerage Joannah Connolly Western Investor In recent years, it has been the home sellers who had the upper hand…

GTA home sales for March were almost exactly the same as in 2018

2019-04-04

GTA home sales were flat in March Steve Randall Mortgage Broker News GTA home sales were flat in March compared to a year ago with 7,187 units sold by Greater Toronto Area Realtors, just 1 sale short of last March’s total. Sales for t…

Altus Group forecasts, risk assesses Vancouver housing market

2019-04-04

More housing supply is needed in BC housing market Neil Sharma Mortgage Broker News Vancouver’s soft real estate market has done little to relieve the squeeze constrained housing supply is putting on locals. “Just because the ma…

Steps to Finding Exactly the Right Real Estate Agent

2019-04-03

Selecting exactly the right agent can be as challenging as finding the perfect home Kara Kuryllowicz REW In Toronto and Vancouver, Canada’s hottest real estate markets, selecting exactly the right agent can be as challenging as findin…

Spring Market Off to a Stable Start: March TREB Report

2019-04-03

Early spring home sales are proving to be flat Penelope Graham other Early spring home sales are proving to be flat, if stable, in the Greater Toronto Area – according to the latest data released by the Toronto Real Estate Board (TREB…

St. Paul's Hospital Burrard Street site for sale

2019-04-03

Historic building has landed on several Heritage Vancouver Society watch lists Naoibh O?Connor Western Investor The St. Paul's Hospital on Burrard Street is up for sale but the hospital will continue to operate until the new one on Station …

Canada Post building redevelopment called 'the post' will be occupied by 5000 Amazon employees

2019-04-03

Amazon's largest Vancouver office draws optimism, worry Ephraim Vecina Mortgage Broker News The redevelopment of downtown Vancouver’s old Canada Post building into a new high-tech office space has invited both celebration and trepidat…

Meridian's new digital bank has launched with a 3.09% mortgage

2019-04-03

Canada's newest digital bank has launched Steve Randall REP Canada’s newest digital bank has launched with a special offer for mortgage customers. motusbank (styled with a lower case m) has been launched by Ontario-based credit union …

Almost half of Airbnb listings in Vancouver remain unlicensed

2019-04-03

Airbnb rentals limited to principal residences Duffie Osental Canadian Real Estate Wealth In order to increase rental inventory, Vancouver passed a series of rules last year requiring Airbnb operators to register for a license. However, it …

New registry plans to expose hidden Vancouver property owners

2019-04-03

BC to install a searchable registry on home ownership REP In Vancouver, it’s impossible to identify the true owners of nearly half of the city’s most expensive properties -- dozen of homes are held by anonymous shells, with one …

Metro Vancouver's March residential sales lowest in 33 years

2019-04-02

Residential transactions plunge to just over half the 10-year average for the month, as prices slide across all property types Joannah Connolly Western Investor Falling home sales in Metro Vancouver are “largely policy induced” …

Missed speculation tax declaration deadline? There's still time

2019-04-01

Finance minister promises leniency for those who haven?t yet declared their exemption, after nearly one in ten fails to file on time Joannah Connolly Western Investor If you’re a homeowner with property in one of B.C.’s speculat…

Dirty money in real estate reports submitted to province

2019-04-01

Expert Panel on Money Laundering and Dr Peter German meet deadlines to hand in two commissioned reports Joannah Connolly The Vancouver Sun Two reports on money laundering in real estate and other high-end sectors were handed to the B.C. gov…

Toronto real estate ripe for laundering money

2019-03-31

Federal government to look into money laundering in real estate Neil Sharma Mortgage Broker News In light of renewed concerns about Canadian real estate being used to launder money, the federal government has pledged to take action. “…

Davie and Nicola a 21 storey highrise with 128 homes at 1485 Davie Street by Vivagrand Developments

2019-03-28

Davie and Nicola takes a prime West End location Michael Bernard The Province Davie and Nicola What: A total of 128 one-to-three-bedroom units in a 21-storey highrise in the West End; from $789,900 Where: 1485 Davie St., Vancouver Developer…

GTA new single-family home sales jumped 147% in February

2019-03-27

There was a jump for sales of newly-built single-family homes in the GTA in February Steve Randall other There was a jump for sales of newly-built single-family homes in the GTA in February. The Building and Land Development Association (BI…

What becomes of B-20 if interest rates fall?

2019-03-26

Brokers are wondering if the stress test will also be repealed Mortgage Broker News With talk of the Bank of Canada not raising but lowering interest rates, brokers are wondering if the stress test will also be repealed. “While it&rsq…

Legal Cannabis is Smoking Up Neighbourhoods in Toronto & Vancouver

2019-03-26

Schools, shopping, transportation, arts and recreations still matter most to home buyers Kara Kuryllowicz REW So far, the fact cannabis is now legal Canada-wide has had little, if any impact, on Toronto and Vancouver ’s residential re…

Chinese buyers will continue to hunger for Canadian property

2019-03-25

Chinese buyers switching focus on other Canadian Cities Ephraim Vecina Mortgage Broker News The Chinese will still actively seek out Canadian real estate, but international property portal Juwai.com has predicted that growth in demand will …

High-rise commercial towers to be erected in Toronto, Vancouver

2019-03-25

Major high-rise office projects for tech tenants in Vancouver Ephraim Vecina Canadian Real Estate Wealth Major high-rise office projects accommodating more tech tenants and greater commercial investment volume are scheduled to commence soon…