Real Estate News & Articles

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…

Vancouver immigrants spend $820K more on their homes

2019-01-30

Immigrants to Vancouver buying higher priced homes Steve Randall Canadian Real Estate Wealth Immigrants to Vancouver are buying more expensive homes than Canadians in the city according to a new report. Official figures from Statistics Cana…

Rental demand grows amid rising rates, housing regulations

2019-01-30

Healthy job market and B-20 favours rentals Neil Sharma Mortgage Broker News A confluence of factors, including rising interest rates, will result in fewer Canadians seeking homeownership than rental accommodations this year. That’s a…

Residential property investment to taper off this year - BoC

2019-01-30

Housing investment growth down -0.1% in 2019 Ephraim Vecina Mortgage Broker News The Bank of Canada recently forecast that the portion of residential real estate investment in the Canadian economy will actually go negative this year, sugges…

Vancouver office vacancy drops to lowest level since 2008

2019-01-29

The city's office market has long made headlines for scant office availability Tanya Commisso Western Investor Metro Vancouver vacancy has dropped to 4.5 per cent in the fourth quarter of 2018, and as low as 3.4 per cent in the downtown mar…

Zillow fights back against Canadian critics

2019-01-28

Zillow makes money from its advertising model Danny Kucharsky REM In early December, Zillow announced that it had signed listing agreements with nine additional brokers and franchisors in Canada, including HomeLife Real Estate Canada, Sage …

Housing affordability key issue for upcoming federal election

2019-01-28

Shots fired ahead of election Neil Sharma REP With the federal election just under 10 months away, housing affordability appears destined to become a key issue, with the Liberals being the latest party to fire a shot across the opposition&r…

National sales had the worst decline in 10 years

2019-01-28

CREA: Overall home sales in 2018 fell by 11% Ephraim Vecina REP Updated numbers from the Canadian Real Estate Association indicated that overall home sales in 2018 fell by 11.1% annually, making this the largest year-over-year drop since th…

Winnipeg 14-storey residential building underway this year

2019-01-28

14-storey Arts District in Winnipeg to provide 119 units Ephraim Vecina Canadian Real Estate Wealth With a $26-million federal investment, 14-storey Arts District will soon arise in Winnipeg. The project, announced last week by the federal …

M3 announces pre-qualification tool, partnership with Purplebricks

2019-01-28

Homebuyers to gain real-time pre-qualification insight in minutes Steve Randall Canadian Real Estate Wealth A new pre-qualification tool and partnership has been hailed a game-changer for mortgage brokers and homebuyers. An exclusive agreem…

Loblaws City Market to anchor massive downtown Vancouver post office redevelopment

2019-01-28

City Market will be part of the development's 185,000 square feet of retail space, which will also include a food hall, gym, pharmacy, and dining options Lindsay William-Ross Western Investor The former central post office in Downtown Vanco…

Reasons why we should be optimistic for 2019 Vancouver real estate market

2019-01-26

Tina Mak other Happy New Year! What a 2018 we had!  Real Estate turned from hot to cold.  Stock Market had bipolar behavior and believe it will carry onto this year as long as the trade war and technology cold war between US &…

The Grand at Willow Creek 27358 32nd Avenue Langley 47 one-to-three-bedroom homes by Apex Western Homes

2019-01-26

The Grand at Willow Creek takes an amenity-rich location in Aldergrove Simon Briault The Vancouver Sun The Grand at Willow Creek Project location: 27358 32 Avenue, Langley Project size: 47 one-to-three-bedroom homes ranging in size from 668…

Politics cited as prices of Metro rental buildings fall

2019-01-25

Landlords fear arrival of new policy that could make it harder to raise rents Frank O'Brien Western Investor HQ Commercial has eight rental apartment buildings for sale in Metro Vancouver, and the prices for three of them have been slashed …

From dynastic China to a Modern Market Economy

2019-01-24

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MPC calls out feds negative impact on housing market

2019-01-24

Mortgage Professionals Canada says feds caused undue pressure Steve Randall Canadian Real Estate Wealth The association that represents more than 11,000 Canadian mortgage professionals says that Ottawa’s policies have harmed the housi…

Government recommendations don't apply to short-term rentals

2019-01-24

No indications by government to limit short-term rentals Tony Gioventu The Province Dear Tony: With the recent recommendations to remove rental bylaws for strata corporations, will this include short-term rentals as well? Our strata corpora…

Haven 33 three and four bedroom townhomes at 3331 148th Street Surrey by Park Ridge Homes

2019-01-24

Haven townhomes showcase 'modern farmhouse' design Simon Briault The Province Haven, a project from Park Ridge Homes, comprises 33 townhomes in South Surrey. Kitchens at Haven feature stainless steel appliances, polished quartz counters and…

B.C.'s young professionals are packing up for greener pastures

2019-01-24

Statistics Canada showed 1200 people left BC in Q3 2018 Ephraim Vecina Canadian Real Estate Wealth B.C.’s housing markets continue to be national top performers in the most important metrics, but December data from Statistics Canada s…

Oops, sorry about destroying the economy

2019-01-24

It has taken sustained stupidity but Canada's leaders are finally managing to bring down one of the strongest economies in the free world Frank O'Brien Western Investor Less than a decade ago, the Canadian loonie was flying at 91 cents agai…

Technology disrupts commercial real estate

2019-01-23

Altus Group report states commercial real estate firms using property technology Neil Sharma Canadian Real Estate Wealth According to a report from Altus Group, commercial real estate firms are beginning to adopt property technology platfor…

Which home features most interest buyers?

2019-01-23

Point2 Homes has revealed the home feature stats Neil Sharma REP Ever wonder which home features most interest buyers? Well, Point2 Homes has crunched the numbers for you. As one of Canada’s leading property search websites, Point2 Ho…

Feds' mortgage policies 'deny homeownership' to young Canadians: report

2019-01-23

Measures such as mortgage stress test are "at cross purposes" with federal promises to support the middle class, asserts Mortgage Professionals of Canada Joannah Connolly Western Investor Young and middle-class Canadians are being denied th…

Multi-family rental market booms as demand chases short supply

2019-01-23

Nearly $3 billion of Metro Vancouver purpose-built rental properties exchanged hands last year, finds report Peter Mitham Western Investor The sum represents a 37 per cent increase from last year, even though the number of properties changi…