Real Estate News & Articles

Was real estate a good investment in 2018?

2019-01-23

Real Estate is a savvy investment for the long term Penelope Graham REM It’s commonly touted that buying a home is the largest financial investment that many Canadians will ever make – and aside from merely providing a roof over…

Here's the rising number of condo projects expected to flood Greater Vancouver's market in 2019

2019-01-23

Developers in BC's Lower Mainland expected to start more condo projects Josh Sherman other Developers in BC’s Lower Mainland are expected to launch more condo projects this year than they did in 2018 despite evaporating demand as the …

Park George 13778 100 Avenue Surrey 337 homes in a 36 storey tower by Concord Pacific

2019-01-22

Park George?s second phase in Surrey, BC, builds on success of previous launch other With the first phase of Park George, one of Surrey’s most anticipated new condo and townhome communities, nearly sold out, Concord Pacific is soon la…

Vancouver condo prices negate half a year's worth of gains

2019-01-22

The cooldown of Vancouver's housing market is affecting condo sales Ephraim Vecina Mortgage Broker News The precipitous cooldown of the Vancouver housing market is markedly affecting the condo segment, according to data from the Real Estate…

Richmond man accused of cleaning millions of dollars through real estate

2019-01-22

Another B.C. civil forfeiture law suit has revealed allegations involving the illegal drug trade and real estate deals Alan Campbell Western Investor A Richmond man connected to one of B.C.’s biggest ever money-laundering probes has b…

B.C.'s new speculation tax irks even those who don't pay it

2019-01-22

"Speculators" were always going to hate the speculation tax Les Leyne Western Investor Speculators” were always going to hate the speculation tax, that’s pretty much a given What the provincial government has managed to do this …

Chinese listings site adds focus on retiring in Canada

2019-01-21

Juwai.com launches its Retirement and Lifestyle Channel Steve Randall Canadian Real Estate Wealth The leading property listings website for Chinese consumers has added a new channel focused on those who want to retire abroad. Juwai.com, whi…

Signs of moderation showing in Victoria says VREB

2019-01-21

Victoria Real Estate Board forecasts moderation in the market Steve Randall Canadian Real Estate Wealth There were 4,273 housing starts in the Victoria market in 2018 but that level is not expected to be repeated in 2019. The Victoria Real …

BC homeowners given deadline to apply for speculation tax exemption

2019-01-20

Failure to submit your tax exemption form will result in huge tax increases Duffie Osental REP British Columbia’s Ministry of Finance gave a deadline for homeowners to apply for exemption from the province’s speculation and vaca…

RBC lowers fixed-term mortgage rate

2019-01-20

RBC cuts 5-year fixed mortgage rate Duffie Osental Mortgage Broker News The Royal Bank of Canada (RBC) announced that they were lowering the interest rate of their five-year fixed-term mortgage offering. According to CBC News , Canada&rsquo…

Canada lost 13,000 jobs last month says ADP

2019-01-18

December 2018 say 13,000 jobs gone in Canada Steve Randall REP There was a reduction of 13,000 jobs in Canada in December 2018 according to the latest report from ADP Research Institute. The decline was led by a loss of 7,700 jobs in trade/…

More rate cuts expected following RBC move

2019-01-18

Canada?s largest banks to cut 5-year mortgage rate Steve Randall REP Canada’s largest bank may have sparked a rate war by offering customers a “special offer” 5-year mortgage rate of 3.74%. The reduction of 15 basis points…

Vacancy Tax Explained

2019-01-18

City of Vancouver - Vacancy Tax Office. other With regards to your inquiry, the definition of the “principal residence” per the Vacancy Tax Bylaw No. 11674 is as follow:   “principal residence” means the usual p…

More condo project cancellations may be on the way in Vancouver this year, developer warns

2019-01-18

Polygon Homes CEO warning homebuyers that proposed condo projects may be cancelled Josh Sherman other The president and CEO of a major developer is warning homebuyers that more proposed condo projects may be cancelled as inexperienced build…

Metro Vancouver residential price decline will bottom in 2019, then reverse: forecasters

2019-01-18

Panel of developers predict housing trends for coming year with cautious optimism; one says single-family price correction was "necessary" Joannah Connolly Western Investor Home prices in Metro Vancouver may slide further in 2019 but then w…

Vacancy Tax explanation from city of Vancouver

2019-01-17

Will your home be taxed? other Each year, every owner of residential property will have to make a property status declaration . This will determine if the property is subject to the Empty Homes Tax, also known as the Vacancy Tax. The Provin…

Vacancy Tax explanation from city of Vancouver

2019-01-17

Will your home be taxed? other Each year, every owner of residential property will have to make a property status declaration . This will determine if the property is subject to the Empty Homes Tax, also known as the Vacancy Tax. The Provin…

RBC cuts 5-year fixed mortgage rate

2019-01-17

Five year fixed rate dropped by 15 basis points Canadian Real Estate Wealth Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent. Mortgage rate comparison website founder Ro…

Condo Smarts: Unit-entitlement errors not uncommon

2019-01-17

Unit-entitlement errors not uncommon Tony Gioventu The Province Dear Tony: We live in a large strata corporation with 300 units in multiple buildings. Our strata lots on the strata plan are numbered one to 300 and the unit entitlement is ba…

Cedar Ridge 70 Seaview Drive Port Moody 28 three and four bedroom townhomes by Allaire Living and Headwater Living

2019-01-17

Cedar Ridge townhomes targeting a variety of homebuyers, from young families to downsizers Michael Bernard The Province Cedar Ridge What: 28 three- and four-bedroom townhomes Where: 70 Seaview Drive, Port Moody Residence size and prices: 1,…

Redfin to launch in Canada in March

2019-01-17

U.S. based online real estate brokerage coming to Canada Mario Toneguzzi REM Another big U.S.-based online real estate brokerage is launching in Canada, selling itself as a more affordable way for consumers to buy and sell homes throughout …

Ontario Collective and Ontario Regional Technology & Information Systems to merge

2019-01-17

OC and ORTIS agreed to blend the two MLS systems REM Two regional real estate MLS systems in Ontario have joined forces to provide services to 22 boards and associations and more than 13,000 Realtors. The Ontario Collective (OC) and Ontario…

Seniors housing touted as 2019's safest investment

2019-01-17

A report stated that senior living real estate a good investment Neil Sharma Canadian Real Estate Wealth With seniors slated to comprise nearly a quarter of Canada’s population by 2030, real estate that caters to their needs is being …

The number one reason BC home sales nosedived in 2018, according to the province's realtors

2019-01-17

BCREA blames the mortgage stress testing for lower sales Josh Sherman other BC home sales were in a freefall last year, with the number of residential properties changing hands down 24.5 percent compared to 2017 — and the main reason …