Real Estate News & Articles

In Canada's housing slowdown, Vancouver proves to be the weakest link

2019-01-16

Vancouver is in 'full-blown correction mode,' RBC economist says, with more price depreciations expected Greg Quinn The Vancouver Sun Vancouver’s housing market is looking more fragile than Toronto a year after policy makers tightened…

Ins and outs of vendor take-backs

2019-01-15

Mastering the ins and outs of financing is crucial to success Canadian Real Estate Wealth Brokers Dalia Barsoum and Enza Venuto explain the pros and cons of using vendor take backs. Whether you are starter or veteran investor, mastering the…

Home prices trended lower in the second half of last year

2019-01-15

Canadian home prices slipped back in the second half of 2018 Steve Randall REP Canadian home prices slipped back in the second half of 2018 according to a leading measure of pricing trends. The Teranet-National Bank National Composite House…

BC Home Sales Decline 25% in 2018

2019-01-15

BCREA Reports a Decline in Home Sales BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 78,345 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2018, a decline of 24.5 …

Montreal's luxury market attracts outsized sales activity

2019-01-15

Luxury Homes in Montreal increase by 18 per cent Ephraim Vecina Canadian Real Estate Wealth While Montreal’s housing market is renowned for its relative affordability, especially when compared to powerhouses like Toronto and Vancouver…

Reverse mortgage demand hits 8-year high

2019-01-15

Demand for reverse mortgages grew for the eighth consecutive year Geraldine Grones Mortgage Magazine The Office of the Superintendent of Financial Institutions reported that, as of October, the outstanding reverse mortgage debt is at $3.425…

US real estate brokerage disruptor to launch in Canada

2019-01-15

Redfin to launch in Toronto and Vancouver by March Steve Randall REP A tech-fueled real estate brokerage that has seen rapid expansion in the US has announced that it’s coming to Canada. Redfin, which styles itself as the ‘next …

Transactions hit 18-year low in Vancouver

2019-01-15

CREA sales statistics show home prices fell 2.7% in December Neil Sharma Mortgage Broker News Transactions were at an 18-year low in Greater Vancouver last month. “It speaks volumes of the direction we’re heading in and of consu…

How B-20 impacts family-sized condos

2019-01-15

Condo unit size shrunk in Toronto due to stress test Neil Sharma Mortgage Broker News Family-sized condo units in Toronto have shrunk in the last 12 months, and according to one developer the reason is because of the B-20 mortgage stress te…

Canadian home prices post biggest decline since 1995. So what's next?

2019-01-15

Canada's housing market has stagnated Josh Sherman other It may have been tough to imagine even just 12 months ago, but Canada’s housing market is stagnating — and don’t expect a return to previous highs any time soon. So …

High cost of housing sparks exodus from Vancouver

2019-01-14

Vancouver lost 1200 people to other provinces in 2018 Canadian Real Estate Wealth Iain Reeve and his wife moved from rental home to rental home in Vancouver but their final solution for secure housing was to move to Ottawa and buy two house…

Canada's home prices recovering from "significant correction"

2019-01-14

Canada?s home prices increased 4% year-over-year Steve Randall REP Canada’s home prices increased 4% year-over-year in the fourth quarter of 2018, a sign of the market recovering from “the most significant housing correction&rdq…

The waning of Vancouver and the waxing of Toronto

2019-01-13

Vancouver will slow down in new home sales Ephraim Vecina Canadian Real Estate Wealth Demand for Canada’s residential property is definitely not slowing down any time soon, but this hunger will be less apparent in Vancouver this year,…

Vancouver office market's strength at a record high

2019-01-13

Vancouver's commercial property market best in Canada Ephraim Vecina Canadian Real Estate Wealth Investors in Metro Vancouver are in for a treat this year, as the area’s commercial property market – especially the office segment…

Interest rates might remain flat until next year

2019-01-13

BoC might refrain from further tax hikes this year Ephraim Vecina REP The Bank of Canada’s decision last week to retain its trend-setting interest rate at 1.75% is indicative of the institution’s cautious stance that will keep r…

Canadian House Prices To Drop As 'Huge' Wave Of New Homes Arrives: Report

2019-01-13

The lag between start and completion means little can be done about a flood of new homes. Daniel Tencer other The slowdown in Canada's housing market will get worse before it gets any better, a new analysis predicts, because the country is …

Akimbo 4295 Dawson Street 350 homes in a 40 storey tower by Imani Development

2019-01-12

Akimbo, a 40-storey residential tower, aims to embody sense of confidence and boldness Kathleen Freimond The Vancouver Sun Akimbo Project address: Dawson Street and Madison Avenue, Burnaby Developer: Imani Development Architect: IBI Group A…

What you need to know about claiming the principal residence exemption on the sale of property

2019-01-12

The principal residence exemption has some limitations Jamie Golombek The Vancouver Sun One of the most valuable tax breaks Canadians have is the ability to claim the principal residence exemption (PRE) on the sale of a home. The PRE provid…

This BC city just saw its biggest homebuilding boom since 1976 - will it continue this year?

2019-01-12

Victory saw the highest level of housing construction in 2018 Josh Sherman other Downsizing Baby Boomers and local job growth were among the major factors that spurred the highest level of housing construction in Victoria, BC, since 1976. I…

HomeEquity Bank reports 26% rise in reverse mortgage originations

2019-01-11

Reverse mortgages sought by more seniors Steve Randall REP Continued interest by Canadian seniors in reverse mortgages has helped boost originations at HomeEquity Bank. The company says it originated $767 million reverse mortgages in 2018, …

Commercial buildings drive permit growth with 11-year high

2019-01-11

Canadian municipalities saw building permits increase in November Steve Randall REP Building permits issued by Canadian municipalities saw an increase in November, the latest month of data available. But new homes are not the intention with…

GGH region forecast to lead growth in new home sales

2019-01-10

Greater Golden Horseshoe to show significant growth Steve Randall REP Sales of new homes should be positive in 2019 despite the challenges of affordability and interest rates. A report from the Altus Group points to elevated immigration lev…

Despite concerns there could be 2 rate rises in 2019

2019-01-10

BoC holds rate at 1.75 percent Steve Randall REP The Bank of Canada’s decision to hold interest rates at 1.75% was not unexpected; neither is its tone on the road ahead. Governor Stephen Poloz reiterated the central bank’s posit…

Survey owners before proceeding with plan to sell suite

2019-01-10

Talk to owners before making a plan to sell suite Tony Gioventu The Province Dear Tony:  Our strata corporation has a caretaker suite in the building that has not been used in eight years. Our building is coming up to some major upgrad…