Real Estate News & Articles

Repair bill should be paid by strata

2018-12-13

Strata corporations must maintain and repair common property Tony Gioventu The Province Dear Tony: Our strata corporation is a mid-rise apartment building of 12 floors constructed in 2002.  I live on the fourth floor and since Aug…

Renovictions top rental housing concerns: Report

2018-12-13

Stopping renovictions tops B.C.'s rental housing recommendations Dan Fumano The Province A call to stop renovictions was first among 23 recommendations in a B.C. government task force report issued Wednesday and described as the first …

Making money in paradise

2018-12-13

Mexico?s Pacific seaboard ripe for investors Clayton Jarvis Canadian Real Estate Wealth Investors looking for opportunities in Mexico have no shortage of choices, but an unconventionally located option on the country’s left coast is o…

REMAX forecasts Canadian markets in 2019

2018-12-12

A balanced real estate market has returned Neil Sharma Canadian Real Estate Wealth According to the REMAX 2019 Housing Market Outlook, the country’s average sale prices will get a 1.7% boost, an indication that the balance has finally…

Condominium market still 'a lot better' than normal in Vancouver suburbs

2018-12-12

The Fraser Valley, east of Metro Vancouver, has long been considered a more affordable haven for first-time homebuyers Laura Kane Canadian Real Estate Wealth A tempting bright-red advertisement for a new condo development in a Vancouver sub…

Tax evaders now risk property seizure

2018-12-12

CRA can freeze assets of tax evaders including property Duffie Osental Canadian Real Estate Wealth If you want to keep your real estate assets, you better think twice about dodging your taxes. The Canadian Revenue Agency (CRA) recently star…

Alberta investment transaction increase led by large-scale Edmonton sales

2018-12-12

Investment sales in both Edmonton and Calgary increased during the third quarter, bolstered by major office and multi-family sales in Edmonton Tanya Commisso Western Investor Alberta real estate is reaping the benefits of a recovering econo…

Huawei executive arrest could impact Vancouver real estate prices: Barron's

2018-12-12

Influential business journal suggests that arrest could chill Chinese migration Glen Korstrom Western Investor Canadian authorities’ arrest of Chinese telecom executive Meng Wanzhou could depress Vancouver home prices, influential bus…

Montreal to be the star market for 2019 says Royal LePage

2018-12-11

Royal Lepage says market will continue to ease Steve Randall REP Following several years of rising prices – sharply rising in some cases – home price growth will continue to ease in 2019 according to a new report from Royal LePa…

Bidding wars: Big bad bully

2018-12-11

An aggressive buyer agent may contact you to register on your new listing what has become known as a ?bully offer? Ross Wilson REM In this third and final segment on the hot subject of bidding wars, I draw some conclusions that lead to more…

Housing starts snap downward trend

2018-12-11

CMHC show a slight housing start increase Steve Randall REP There was an improvement in the 6-month moving average of Canadian housing starts last month. Figures from CMHC show a seasonally adjusted annual rate of units of 210,038, up from …

Builders are planning to increase housing supply

2018-12-11

Stats Canada shows a 4% increase in housing permits Steve Randall REP The value of residential building permits issued by Canadian municipalities in October was up 4.2% to $5.2 billion. The increase, reported by Statistics Canada, shows tha…

13 and 4: Real estate's unlucky numbers and what some cities are doing about it

2018-12-11

Buildings eliminate floors with unlucky numbers Linda Nguyen Mortgage Broker News It's an open secret among real estate agents that in certain communities, condo units on the fourth floor can take longer to sell. ``When I was younger, I did…

No major residential price drops for Metro Vancouver and B.C. next year: forecasts

2018-12-11

Two separate brokerage surveys predict home values will stay virtually flat or decrease only slightly Joannah Connolly Western Investor The Metro Vancouver housing market may look to many like it is heading for a major correction, but two s…

Zillow expands Canadian network with 3 new affiliates

2018-12-10

Three new brokerages join Zillow Ephraim Vecina REP Last week, U.S.-based real estate and rental portal Zillow announced that it has further expanded its network in Canada with the confirmation of listing agreements with 3 more brokerages. …

BC property assessments to reflect easing market

2018-12-10

BC Assessments based on July 1st value Steve Randall REP Property taxes in British Columbia have been generally trending higher for years but the softening market in many parts of the province is set to snap that trend. BC Assessment bases …

Lower Mainland commercial real estate sales moderated in Q3

2018-12-09

Commercial real estate sales in the Lower Mainland fell almost 20 per cent Steve Randall REP Commercial real estate sales in the Lower Mainland fell almost 20% in the third quarter of 2018 compared to a year earlier. There were 565 CRE sale…

Court 2814 Gladwin Road Abbotsford 153 homes in two 6 storey buildings by Heinrichs Developments

2018-12-08

Court takes an amenity-rich Abbotsford location Simon Briault The Vancouver Sun Court Project location: 2814 Gladwin Road Project size: 153 homes ranging in size from approximately 600 to 1,750 square feet. There are studios, one- and two-b…

Vancouver's new home market to remain stable in 2019

2018-12-07

Not too hot, not too cold: Vancouver's new home market to remain stable in 2019 Josh Sherman other New home prices won’t collapse next year, nor will they begin surging again, predicts a market observer with about 30 years of experien…

Commercial real estate sales down across all sectors: REBGV

2018-12-07

Sales slowed nearly 20 per cent overall, with land sales posting the largest decrease quarter-over-quarter Tanya Commisso Western Investor Commercial real estate sales across Greater Vancouver were down 19.5 per cent overall last quarter, a…

Could this be the answer to Vancouver's affordability crisis?

2018-12-07

A new approach to addressing Vancouver's housing affordability crisis - change tax law Steve Randall REP A new approach to addressing Vancouver’s housing affordability crisis has been proposed by an academic at UBC – but landlor…

Modest growth for Vancouver's CRE market

2018-12-07

Retail real estate showed no change in Q3 Steve Randall REP A slowdown in retail real estate activity has exacerbated flat growth for the CRE sector. The British Columbia Real Estate Association’s Commercial Leading Indicator (CLI) fo…

42.5% sales decline signals hard times ahead

2018-12-07

November home sales lowest in 10 years Neil Sharma REP Last month’s homes sales in Vancouver were the lowest in a decade, and down 42.5% from exactly a year earlier. The 1,608 home sales in Metro Vancouver are worrying, but there were…

'Wait-and-see' approach pulling down Vancouver demand

2018-12-07

Buyers and investors alike have adopted a cautious stance towards Vancouver real estate Ephraim Vecina Canadian Real Estate Wealth Buyers and investors alike have adopted a cautious stance towards Vancouver’s real estate assets for mo…