Real Estate News & Articles

Metro Vancouver residential land prices may have already peaked

2019-03-12

Land Prices have peaked Frank O'Brien Western Investor Take a good look at the prices paid for residential development land in Metro Vancouver last year, as Colliers International did in its annual LandShare Report , because it could be a w…

B-20 Stress Test Needs Revision to Improve Housing Affordability

2019-03-12

BC government needs to revise stress test BCREA The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of homeownership. Mor…

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

2019-03-12

Relatively small percentage of province's homes are jointly owned by resident and non-resident owners, says federal housing agency Joannah Connolly Western Investor Source: CMHC/Statistics Canada Source: CMHC/Statistics Canada Source: CMHC/…

Questions you can't ask when hiring

2019-03-11

REM A recent interview a salesperson conducted with a candidate for a job as his assistant left us speechless. Without naming and shaming, I think a review of what was asked and why it is considered inappropriate is an essential lesson for …

Vancouver homebuilders to delay new condo launches during normally-busy spring season as housing slump intensifies

2019-03-11

MLA sees a slowdown in townhouse construction Josh Sherman other Spring — a time of warmer weather, blooming flowers and a fresh crop of condo launches for homebuyers to choose from. Normally, at least. But a real estate marketing and…

A first-time homebuyer's guide to avoiding the house poor trap

2019-03-11

House poorness is not uncommon Michelle McNally other Life likes to deal us surprises from time to time — a job loss, a chronic illness, an unfortunate fender bender. As a homeowner, any one of these sudden changes can throw you off y…

B-20 hurts housing starts

2019-03-10

CMHC shows slower housing starts in February Neil Sharma REP Higher mortgage rates and a lurching economy conspired to slow the pace of housing starts in February, according to the Canada Mortgage and Housing Corporation. Last month’s…

Davie and Nicola 1485 Davie Street 128 homes in a 21 storey tower by Vivigrand Developments

2019-03-09

Davie and Nicola so named for the West End site where it will rise Michael Bernard The Vancouver Sun Davie and Nicola Project Address: 1485 Davie St., Vancouver Project Scope:  A total of 128 one-to-three-bedroom units in a 21-storey h…

4 problems with Canada's mortgage stress tests that are hurting homebuyers and the economy

2019-03-09

An economist outlines what he says are four significantly harmful shortcomings of the stress testing Josh Sherman other Economic researcher Will Dunning has a problem with the mortgage stress test the federal government imposed about a year…

27North at 3490 Mount Seymour Parkway North Vancouver 27 townhomes by Intergulf Development Group and Tatla Developments

2019-03-08

Find all of your lifestyle essentials and more at 27North in North Vancouver, BC other Embrace all the unique lifestyle essentials the North Shore has to offer in North Vancouver’s newest townhome and condo collection, 27North , set t…

B.C. real estate not alone as home prices slide across prime global cities

2019-03-08

World cities hit by sliding home prices Joannah Connolly Western Investor It’s easy to think of Greater Victoria and Metro Vancouver real estate prices as being particularly hard-hit in the past couple of years, by a combination of pr…

Vote needed if council wants to tinker with common property

2019-03-07

Special general meeting required for changes to common property Tony Gioventu The Province Dear Tony: Our strata council has decided to shut down our swimming pool and hot tub for the next three months to save money. They claim the growing …

Vancouver detached home sales just collapsed to their lowest level since 1990

2019-03-07

February saw only 98 detached homes sell Josh Sherman other The detached home segment of Vancouver’s housing market has been walloped as sales for this home type in the first two months of the year sunk to the lowest levels since 1990…

Vancouver prices, sales, and supply all decelerate

2019-03-07

REBGV stats show prices down Ephraim Vecina Canadian Real Estate Wealth The Vancouver residential market’s prices, sales, and supply all suffered notable annual declines in February, according to the latest numbers from the Real Estat…

Chinese buyers now prefer Quebec, Alberta, and Nova Scotia

2019-03-07

Second-tier cities targeted by Chinese buyers Ephraim Vecina Canadian Real Estate Wealth Real estate markets in Quebec, Alberta, and Nova Scotia are becoming increasingly popular among Chinese property buyers and investors, according to a n…

Vancouver makes changes to empty homes tax

2019-03-06

Empty homes tax has clearer requirements Steve Randall The Vancouver Sun Vancouver’s empty homes tax will have clearer requirements for property owners for three of its exemptions following a vote by the City Council. The three approv…

Rough winter weather made home sales in Toronto and Vancouver go from bad to worse

2019-03-06

RBC report shows a very slow February Josh Sherman other Higher interest rates, tougher mortgage rules, and special taxes against foreign homebuyers and speculators aren’t the only headwinds cooling some of Canada’s major housin…

Chinese demand for Canadian housing is picking up speed again, but not in the usual hot spots

2019-03-06

Chinese buyers looking at Halifax, Calgary, Montreal and Ottawa Josh Sherman other Chinese homebuyers are showing increasing interest in Canadian real estate again — just not in the in the same places as they were before, a new report…

Bank of Canada Backs Away from Rate Hike Strategy in March Announcement

2019-03-06

BoC keeps lending rate at 1.75% other The Bank of Canada (BoC) officially turned dovish in today’s scheduled rate announcement, keeping its trend-setting Overnight Lending Rate untouched at 1.75%, and explicitly stating lower int…

Resources for REALTORS

2019-03-05

Conversations on Cannabis ' Strata Properties BCREA The legalization of cannabis opens up new risks for homeowners and new opportunities for REALTORS® to add value as trusted advisors as consumers make the biggest financial decision of …

B.C.'s softening real estate segment to drag down the economy

2019-03-05

Conference Board of Canada's study predicted economy slowdown Ephraim Vecina Canadian Real Estate Wealth British Columbia’s moderating housing market will have a domino effect of overall weakness in the provincial economy, the Confere…

Vancouver's homebuyers remain in the driving seat

2019-03-05

Vancouver becoming a buyer's market Steve Randall REP As the spring buying season approaches, Metro Vancouver’s housing market continues to exhibit weakness with buyers firmly in control. February’s data from the Real Estate Boa…

Vancouver-based developer opens sales after constructing condos

2019-03-05

Aragon Developments build first then sell Neil Sharma Canadian Real Estate Wealth Arguably the greatest risk to preconstruction condo purchases is show suites often don’t conceal the true state of delivered units. But a Vancouver deve…

B.C. seniors with unrentable homes near Vancouver face huge speculation tax bills

2019-03-05

Belcarra cabins charged speculation tax JOHN LEHMANN The Globe and Mail Seniors who own rustic cabins that are in no shape to be on the rental market say they face thousands of dollars in speculation taxes because their properties fall with…