Real Estate News & Articles

Non-resident buyers' impact on BC revealed

2019-03-04

5% of residential property in Metro Vancouver owned by non-residents Neil Sharma REP While it’s no surprise that non-resident buyers comprise a substantial portion of British Columbia’s housing market, a Canada Mortgage and Hous…

Metro Vancouver home sales down on annual basis, but up from January

2019-03-04

With agents reporting busier open houses, and sales-to-listings ratio rebalancing, are there tiny signs of life in the region's real estate market? Joannah Connolly Western Investor The region may have had the coldest February on record , b…

Manufactured homes an ideal retirement investment

2019-03-04

Mobile home parks remain the most affordable residential investment in British Columbia Frank O'Brien Western Investor Perry Peace, a multi-family apartment landlord in Regina, placed a simple ad in Western Investor last month: “Priva…

Soleil 1588 Johnston Road White Rock 178 homes in a 26 storey tower by RDG Management

2019-03-02

Soleil trades on an unbeatable location Simon Briault The Vancouver Sun Soleil Project location: 1588 Johnston Road, White Rock Project size and prices: 178 homes, ranging in size from 638 to 1,795 square feet. There are one-, two- and thre…

BC commercial market looks less favourable for 2019

2019-03-01

BCREA says commercial real estate to be flattening for 2019 Steve Randall Canadian Real Estate Wealth British Columbia’s commercial real estate sector will find some challenging conditions this year according to the province’s r…

CLI Points to Flattening Commercial Activity in 2019

2019-02-28

BCREA Commercial Leading Indicator down BCREA Vancouver, BC – February 28, 2019. The BCREA Commercial Leading Indicator (CLI) declined by 1.8 points to 134.5 from the third to the fourth quarter of 2018. Compared to this time one year…

Davie & Nicola 128 homes in a 22 storey tower at 1485 Davie Street by Vivagrand Developments

2019-02-28

Davie & Nicola presents rare opportunity for old-world glamour, high-end features in West End highrise ROBIN BRUNET The Province Those fortunate enough to live in one of Vancouver’s oldest and most beloved neighbourhoods, the West…

Strata must maintain and repair dryer ducts and vents

2019-02-28

Pipes, wires, ducts and cables within a strata complex are common property Tony Gioventu The Province Dear Tony: Our highrise is having an ongoing problem with dryer vents and ducting that was inserted into the concrete floors. They are eit…

CBRE is forecasting a "once in a generation" moment for CRE

2019-02-27

The commercial real estate is in demand Steve Randall Canadian Real Estate Wealth Market conditions for Canada’s commercial real estate sector are lining up a “once in a generation” moment according to a new outlook. CBRE …

BC proposes new plans to help vulnerable borrowers

2019-02-27

The Business Practices and Consumer Portection Act upgrade Steve Randall Canadian Real Estate Wealth The BC government wants to introduce a new range of protections for financially vulnerable borrowers. The proposals aim to help those who a…

"Sleeper" towns now wide awake to investors in Manitoba

2019-02-27

Brandon, Portage la Prairie and Steinbach among the hot spots for investment in Canada's central province Geoff Kirbyson Western Investor Manitoba economic development officials give notice that economic and real estate opportunities are th…

B.C. launches condo pre-sale registry

2019-02-26

New provincial rules require buyers to report the identity and citizenship of assignment buyers Rob Shaw The Province VICTORIA — B.C. has launched a first-of-its-kind registry to track pre-sale condo purchases, a move that may help co…

B.C. finally brings down the axe on speculators

2019-02-26

BC launches the Condo and Strata Assignment integrity Register Ephraim Vecina Canadian Real Estate Wealth B.C.’s Ministry of Finance has announced the launch of the Condo and Strata Assignment Integrity Register, the latest thrust in …

BC becomes first in Canada with housing 'integrity' register

2019-02-26

B.C. launches condo pre-sale registry Steve Randall Canadian Real Estate Wealth The identity and citizenship of all parties in a condo or strata transaction in British Columbia will be listed in a new register. The BC finance minister confi…

BC's housing market is starting to turn a corner

2019-02-26

BCREA expects a 2% gain in 2019 Steve Randall Canadian Real Estate Wealth The declining trend of home sales in British Columbia is expected to end in 2019 with a modest climb in forecasted sales, although conditions will remain subdued. The…

Less sales, lower prices are becoming the new normal

2019-02-26

The weak housing market affects mortgage lending Ephraim Vecina Canadian Real Estate Wealth With housing deceleration nationwide becoming especially apparent in January, observers warned that the strict lending rules introduced last year mi…

Vancouver considers changes to city's empty homes tax

2019-02-25

City staff want to increase the empty homes tax or charge a different rate for foreign owners Dan Fumano The Province Vancouver city staff want to look at changing the city’s empty homes tax, the first of its kind in North America, an…

Further cooling policies still needed - B.C. Finance Minister

2019-02-25

Greater affordability - housing slowdown Ephraim Vecina Canadian Real Estate Wealth Policies that cultivate further housing slowdown are still needed to ensure greater affordability in B.C., Finance Minister Carole James said last week. The…

Near-record housing starts expected to fall

2019-02-24

Predicted 30-per-cent drop sets off debate on whether too many, or too few, condos are being built Joanne Lee-Young The Province The NDP budget forecast a drop in housing starts by as much as 30 per cent across B.C. over the next three year…

Sydney 545 Sydney Avenue Coquitlam 160 homes in a 25 storey tower by Ledingham McAllister

2019-02-23

Ledingham McAllister's Sydney tower will have a striking look, inside and out Kathleen Freimond The Vancouver Sun An artist?s rendering of Sydney, a project from Ledingham McAllister in Coquitlam. PNG Sydney?s lobby, as shown in an artist?s…

NDP proposals on 30-year loans welcomed by MPC

2019-02-22

CMHC backed 30 year term mortgages Steve Randall Canadian Real Estate Wealth The leader of the NDP has set out proposals to make homeownership more achievable for young Canadians, including the reintroduction of 20-year amortizations for in…

Metro Vancouver home values to drop this year, but recover in 2021: poll

2019-02-22

Overall real estate market downturn will be relatively short-lived, according to Reuters poll of market analysts, while other experts predict no improvement in affordability Joannah Connolly Western Investor The housing market downturn in M…

B.C. real estate audits reveal widespread tax evasion

2019-02-22

Taxman recovered over $140 million in nine months last year from B.C. real estate audits; new speculation tax expected to curb tax avoidance Graeme Wood Western Investor After reporting a record number of B.C. real estate audit assessments …

Expect a slow year for the housing market says RBC economist

2019-02-21

CREA report shows market to be slow Steve Randall REP The latest home resales data from CREA showed an improvement in January with a 3.6% rise following declines across the fourth quarter of 2018 (cumulatively 4.3%). But despite some positi…