Real Estate News & Articles

Vancouver Home Prices Fall Most Since 2008, Extending Declines

2019-01-02

Home prices in Vancouver fell 1.9% in November REP Home prices in Vancouver fell 1.9% in November from a month earlier, the most in a decade, extending a recent run of declines for Canada’s most expensive real estate market. The figur…

Technology to play bigger role in real estate transactions

2019-01-02

According to CTV News real estate transactions will grow using technology Duffie Osental Canadian Real Estate Wealth This year, real estate professionals will increasingly find themselves using online services and apps to facilitate transac…

British Columbia's most expensive homes took a value hit in 2018

2019-01-02

The BC Assessment numbers are out for 2019 Richard Zussman other The BC Assessment numbers are out for 2019 and the most expensive Vancouver homes from a year ago have all lost assessed value. The list, based on how much a home was assessed…

The hottest Canadian real estate market in 2019 will be ...

2019-01-01

Montreal to scorch through 2019 REP Montreal has been riding a wave these last couple of years and it will continue through 2019. According to Sotheby’s International Realty Canada’s President and CEO Brad Henderson, Montreal is…

By not claiming CPP until 70, you could get 150 per cent of the income you would receive at 65

2019-01-01

Bonnie-Jeanne MacDonald The Globe and Mail By now, Canadians may have heard that there’s a big financial advantage to delaying Canada Pension Plan (CPP) benefits. The standard figure cited for delaying CPP to the age of 70 is that it …

Only 2 out of 10 first-time buyers in BC covered their downpayments by themselves in 2018

2018-12-31

Parents help with downpayment for first home Josh Sherman other Without some help from their parents, those looking to buy a home in BC this year weren’t having much luck, a new report suggests. According to the BC Notaries Associatio…

Crash? Recovery? 4 Things That Will (And Won?t) Happen In Canada?s Housing Market In 2019

2018-12-30

NEW YEAR, NEW MARKET Daniel Tencer other With house prices at astronomical levels in many cities, a growing number of Canada's would-be homebuyers are hoping for a market crash. In Vancouver, North America's least affordable housing market,…

Real estate agent barred over sexual messages, offering tenants weed

2018-12-22

Joe Parente, 40, isn't allowed to reapply for his realty licence until 2020 Rhianna Schmunk other A former real estate agent in Metro Vancouver has been barred from practice for sending unsolicited, inappropriate messages to a stranger, his…

Vancouver empty homes tax to help homeowners, renters

2018-12-20

Empty home tax helps low income renters Steve Randall REP Vancouver’s empty homes tax will be used to help address housing supply issues for vulnerable and low-income renters; and help reduce costs for homeowners who want to build sec…

Demand surges for strata office space

2018-12-20

Low office vacancy stimulates growth Neil Sharma Canadian Real Estate Wealth As Vancouver’s vacancy rate for office space remains among North America’s lowest, there’s growing appetite for strata office developments in the…

The biggest real estate stories of 2018

2018-12-20

The biggest story of the year has been the stress test Neil Sharma REP Canadian real estate has been red-hot in recent years, and it’s for that reason that nobody can argue 2018 has been an uneventful year. B-20 The biggest story of t…

BC housing market to remain subdued says Central 1

2018-12-19

Weak BC housing market to remain slow in 2019 Steve Randall Canadian Real Estate Wealth The weak performance of the BC housing market in 2018 is set to continue in the new year, although sales should start to tick higher over the coming two…

BC's housing market is in a full-out recession, but it's not all bad news

2018-12-19

Price corrections driven by policy measures not job-loss Josh Sherman other Government policy triggered a recession in BC’s housing market this year, but the situation could have been worse, a new forecast from credit union Central 1 …

B.C. housing market in 'mild recession' likely thru 2021: Report

2018-12-18

'Mild' housing recession forecast for B.C. through 2021 Cheryl Chan The Province B.C. is in a “mild” housing market recession, with the Lower Mainland shifting from a seller’s market to a “mild” buyer’s m…

CIBC economists question BoC's view of housing market

2018-12-18

Vancouver seeing an undoing of the gains from 2015-2016 rapid increases Steve Randall Canadian Real Estate Wealth The slowdown in Canada’s housing market is likely to weigh on the economy according to a new report from CIBC Economics.…

Commercial Real Estate: 20-per-cent drop in commercial property sales

2018-12-18

However, the total dollar volume of commercial property sales remained about the same, year over year, at $3.90 billion in the last quarter, only a 0.9 per cent decrease from $3.93 billion in Q3 2017. Evan Duggan The Vancouver Sun Commercia…

Sales decline looms large

2018-12-17

CREA says home sales projected to fall in 2019 Canadian Real Estate Wealth National home sales are projected to fall to a near decade low in 2019, as rising interest rates and strict mortgage stress-test rules continue to put a damper on ho…

Lower Mainland affordability map showing income needed to buy a home

2018-12-15

What income you need to afford a Metro Vancouver detached house other Download Document

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

2018-12-15

At Cedar Ridge, Port Moody location offers launch pad for outdoor enthusiasts Michael Bernard The Vancouver Sun Cedar Ridge, Port Moody Project location: 70 Seaview Drive, Port Moody Project Scope: Twenty-eight three and four bedroom townho…

Duet Two, a stacked townhouse project approved for Burquitlam

2018-12-15

Development gets green light despite complaints from street's residents about traffic and parking Grant Granger Vancouver Courier A stacked townhouse project in Burquitlam got the green light despite opposition from several area residents a…

Investors speak out against Fortress Real

2018-12-14

Fortress Real Developments syndicated mortgages Neil Sharma Canadian Real Estate Wealth Investors have started speaking out against Fortress Real Developments’ syndicated mortgages, primarily complaining that the risks associated with…

Mortgage Rate Forcast

2018-12-13

BCREA BCREA Download Document

Home price index posts rare November decline

2018-12-13

A key measure of changes in Canadian home prices has posted a decline for November Steve Randall Canadian Real Estate Wealth The Teranet-National Bank National Home Price Index rarely posts a decline in November – it’s done so j…

REMAX predicts balanced 2019 market

2018-12-13

National sale prices are forecasted to rise modestly next year Neil Sharma Mortgage Broker News The REMAX 2019 Housing Market Outlook concluded that the aggregate national price will increase 1.7%, an indication that Canada’s real est…