Real Estate News & Articles

Avani Centre 13586 98 Avenue Surrey 181 homes in a 30 storey tower by Avani Investment Group

2019-02-07

Future residents of Avani Centre will have tower?s developer as neighbour ROBIN BRUNET The Province Avani Centre with its shimmering curtain wall promises to be a visually stunning addition to Surrey City Centre. But one of the most remarka…

Owner's insurance claim can't be blocked

2019-02-07

It's all about the deductible Tony Gioventu The Province Dear Tony:  Our building had a pipe break between two units flooding out my condo, a common hallway and our building entry. Our strata corporation has a current deductible of $5,…

University District South Tower 10448 University Drive Surrey 431 homes in a 38 storey tower by BlueSky Properties

2019-02-07

University District to take its place in a rapidly emerging Surrey City Centre Michael Bernard The Province University District (South Tower) What: A 38-storey concrete highrise with a total of 431 studio, one-, two- and three-bedroom apart…

Vancouver is a "victim of its own success" says Avison Young

2019-02-06

Metro Vancouver facing office space shortage Steve Randall Canadian Real Estate Wealth Demand for office space in Metro Vancouver continues to rise while availability of units heads in the opposite direction. The market is now facing a leas…

Mortgage rules are the prudent approach to underwriting says OSFI

2019-02-06

The Office of the Superintendent of Financial Institutions defends B-20 Steve Randall Canadian Real Estate Wealth The tighter mortgage rules introduced at the start of 2018 have been defended by the financial services regulator. The B-20 mo…

Building permits rise 25%

2019-02-06

Canadian Building Permits BCREA The total value of Canadian building permits rose 6 per cent on a monthly basis in December to $8.8 billion. The increase was due to a record level of construction intentions for multi-family dwellings and co…

How much have Metro Vancouver homes dropped in value? (INFOGRAPHICS)

2019-02-06

Visual representations of dollar values by which benchmark detached home and condo prices have fallen in a year Joannah Connolly Western Investor Earlier this week, the Real Estate Board of Greater Vancouver issued its monthly stats report …

This has never happened in the Fraser Valley before

2019-02-05

Home sales down in the Fraser Valley Steve Randall Canadian Real Estate Wealth There was a 2% decline in home sales in the Fraser Valley in January compared to the previous month. Sales were down 35.2% from January 2018 with 784 homes proce…

Metro Vancouver has posted the lowest January sales since 2009

2019-02-05

Residential home sales dropped 39% from same month last year Steve Randall Canadian Real Estate Wealth There were just 1,103 residential home sales in January, a 39.3% drop from a year earlier and the lowest number of January sales since 20…

Bluebird Self Storage says self-storage market in Canada is underserved

2019-02-05

Underserved self-storage market attracts investors Jim Adair REM “Nobody knows what the potential is for self storage in Canada,” says Reade DeCurtins, managing principal at Bluebird Self Storage. But he says the country is unde…

Vancouver home sales fall nearly 40 per cent in January, as prices pull back

2019-02-05

City home sales fell nearly 40 per cent in January The Province Vancouver’s once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years. The Real Estate Boa…

The luxury market's legs have weakened somewhat

2019-02-04

Sales of luxury homes in Vancouver dropped by 49 per cent Ephraim Vecina Canadian Real Estate Wealth The luxury residential market has experienced a relative weakening over the past year, according to a January report by Sotheby’s Int…

Home listings increase while buyers remain in holding pattern

2019-02-04

News Release - Home listings increase while buyers remain in holding pattern other Home listings continue to increase across all housing categories in the Metro Vancouver* housing market while home buyer activity remains below historical av…

Zillow: Fear or the future?

2019-02-04

Zillow twelve years of real estate experience Todd Shyiak REM The fear of the unknown can be unsettling. Zillow coming to Canada has unsettled some. But the fact is, Zillow isn’t the unknown and we have no reason to be fearful. Zillow…

Real Estate Board of Greater Vancouver reports another sharp drop in monthly sales

2019-02-04

Housing sales are still extremely slow in the Lower Mainland Charlie Smith other The Real Estate Board of Greater Vancouver reported today that there were 1,103 sales last month, down 39.3 percent from January 2018. Last month's sales also …

Troubled Bitcoin trader QuadrigaCX takes another bizarre turn

2019-02-03

Saga of troubled bitcoin trader takes bizarre turn Randy Shore The Province Canada’s largest cryptocurrency exchange, QuadrigaCX, has filed for credit protection in Nova Scotia, just the latest in a series of bizarre turns for the Van…

10 Plums Upper Delbrook, District of North Vancouver 10 single family homes 4,000 to 4,791 square feet by Wallmark Custom Homes, Fusion Homes

2019-02-02

North Vancouver's 10 Plums attracting interest from a range of homebuyers Kathleen Freimond The Vancouver Sun The 10 Plums development offers ocean and city views in District of North Vancouver?s Upper Delbrook area This show home at 283 Mo…

Vancouver house prices still a shocker

2019-01-31

Vancouver home prices up and down over the years Brent Jang The Globe and Mail Globe and Mail Updated April 7, 2018 Reprinted January 31, 2019   If you're fortunate to have a decent job today in Vancouver and had the foresight to buy a…

Toronto takes next step to increase affordable housing

2019-01-31

Housing now to make municipally-owned properties available for development Steve Randall Canadian Real Estate Wealth The City of Toronto approved a signature initiative of Mayor John Tory which will increase the supply of affordable homes i…

Review members' duties at the start of each year

2019-01-31

Review members? duties at the start Tony Gioventu The Province Dear Tony: Our strata decided to have an audit done as we have changed management companies several times in the past five years and had a number of outstanding issues brought u…

Akimbo a 40 storey tower with 350 homes at 4295 Dawson Street Burnaby by Imani Development

2019-01-31

Burnaby?s Akimbo to showcase a striking exterior design Kathleen Freimond The Province Akimbo What : A 40-storey highrise with 350 units Where: Dawson Street and Madison Avenue, Burnaby Residence size and prices:  460 — 2,050 squ…

Vancouver's single-family homes are now mostly out of reach

2019-01-31

Affordability - not in Vancouver's dictionary Ephraim Vecina Canadian Real Estate Wealth Vancouver’s affordability saga continues unimpeded as the city’s single-family homes are now priced considerably above the median household…

Falling Vancouver condo prices could spell big trouble for pre-construction buyers

2019-01-31

Pre-construction condo purchases in trouble Josh Sherman other If prices for new condos in Vancouver keep dropping, some homeowner hopefuls who signed contracts to purchase pre-construction units may be left in lurch and unable to ultimatel…

5 ways to protect yourself and your clients

2019-01-31

Protect yourself and your clients ? know the laws Mark Weisleder REM I have been practicing law for over 35 years, but it seems I learn something new every day. Laws change and you need to be up to date in order to practice in a manner that…