Real Estate News & Articles

Commercial real estate sales decline and price activity varies across the Lower Mainland

2018-12-07

Commercial real estate sales decline and price activity varies across the Lower Mainland other Commercial real estate sales in the Lower Mainland declined in the third quarter (Q3) of 2018 compared to the elevated activity experienced in re…

Fraser Valley sales in line with historic averages

2018-12-06

Fraser Valley sales down 41% from 2017 Steve Randall Canadian Real Estate Wealth Home sales slipped back in the Fraser Valley last month but were broadly in line with historic averages for the time of year. A total of 1,028 sales were recor…

Any owner eligible for council

2018-12-06

The Strata Property Act permits those with written assignment of the owner Tony Gioventu The Province Dear Tony: We are a mid-sized condo building in Penticton having a tough time getting people to sit on council. We would like to permit fa…

U.S.-based real estate marketplace expands further in Canada

2018-12-06

Zillow pushing further into Canada Ephraim Vecina Mortgage Broker News U.S.-based real estate and rental marketplace Zillow announced earlier this week that it has cemented listing agreements with yet more brokerages and networks in Canada,…

Metrotown high-density development site sold for $43.27M

2018-12-06

BURNABY METROTOWN HIGHRISE-ZONED DEVELOPMENT SITE SELLS FOR $43.2 MILLION Western Investor Well-located residential development sites continue to attract investors in Metro Vancouver, witnessed by the December sale of a 35,580-square-foot h…

Vancouver sales, prices decelerating due to various pressures

2018-12-05

Slow activity has gradually decelerated home sales Ephraim Vecina Mortgage Broker News Slower overall activity has spurred the gradual deceleration of both home sales volume and prices in Vancouver, according to the region’s real esta…

Vancouver sales slump continued in November

2018-12-05

Metro Vancouver at a 10-year low Steve Randall REP November was another lean month for the Vancouver residential real estate market. Home sales totaled 1,606 across the Metro Vancouver area, down 18.2% from October and down 42.5% year-over-…

Canadian markets next year will look like...

2018-12-05

Vancouver?s added market tax bad news Neil Sharma REP Depending on which part of Canada you live in, 2019 is either a year to look forward to or one to dread. Beginning with Toronto, Sotheby’s International Realty Canada’s Presi…

B-20 Stress Test (Bill 20) is doing more harm than good - totally Shut down the Vancouver market

2018-12-05

B-20 now doing more harm than good ? builders Ephraim Vecina REP Canada’s federal government should consider easing on the B-20 regulations, which mandated considerably stricter mortgage borrowing stress tests, introduced earlier this…

Investors have little to fear of a housing meltdown

2018-12-05

A study has found that the real estate market has robustness Ephraim Vecina Canadian Real Estate Wealth Would-be investors who remain wary of the Canadian real estate market’s price growth should take a measure of comfort in the resul…

Bank of Canada makes key interest rate announcement

2018-12-05

Key interest rate unchanged, BoC Canadian Real Estate Wealth The Bank of Canada is leaving its key interest rate unchanged, as expected, at 1.75 per cent. This morning’s announcement comes in the wake of a move by the Alberta governme…

Vancouver real estate sales and prices down to more 'historical' levels, board says

2018-12-05

Metro Vancouver home sales and prices down to more 'historical' levels, says real estate board The Province The head of the city?s real estate board says homebuyers have taken a wait-and-see approach in 2018 Both sales and prices for Metro …

Politics cited as prices of Metro rental buildings fall

2018-12-05

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 …

Metro Vancouver home sales down 42.5% in November

2018-12-04

Following October?s slight uptick, November?s transactions are hit with double-whammy of cooling market and slower season Joannah Connolly Western Investor   October may have shown a slight uptick in Metro Vancouver home sales since Se…

6137 Collingwood Place to be auctioned off in Hong Kong

2018-12-03

Premier Vancouver estate to be auctioned to int'l investors Ephraim Vecina Canadian Real Estate Wealth A high-end property in Vancouver’s premier West End district will be put up for sale to the highest international bidder as part of…

Multiple factors will weigh upon Canadian housing next year

2018-12-03

A cocktail of pressures drag down Canadian residential market Ephraim Vecina REP A potent cocktail of pressures will drag down the Canadian residential market well into 2019, according to the latest Quarterly Financial Report new report by …

Stack Tower to meet 'net zero carbon' emissions

2018-12-03

Vancouver office tower to showcase latest green innovations Ephraim Vecina Canadian Real Estate Wealth A 36-storey office tower touted by its developers as the tallest commercial building in Vancouver to date will feature the latest innovat…

Naive politicians will keep Metro Vancouver tenants in turmoil

2018-12-03

New legislation may end up harming the tenants it's designed to help Frank O'Brien Western Investor The Metro Vancouver area is a tough environment for tenants and it is about to get a whole lot worse because provincial and civic politician…

Building a brewery: Massive Molson Coors plant takes shape in Chilliwack

2018-12-02

Size and visibility of new Chilliwack facility have already made it a local landmark Glenda Luymes The Province You might expect hyperbole in a story about the Molson Coors Canada brewery under construction in Chilliwack. After all, beer ha…

Avani Centre 13586 98 Avenue Surrey 181 homes in a 30 storey tower by avani Investment Group

2018-12-01

High-end living awaits occupants of Avani Centre ROBIN BRUNET The Vancouver Sun It’s rare for homeowners to be able to say their residence sits atop a world class-branded hotel, and equally rare are the advantages and long-term value …

Cambie Gardens phase one a 24 storey and 26 storey towers at 650 West 57th Avenue by Onni Group

2018-12-01

Two high-rises represent the first phase of Onni?s master-planned Cambie Gardens. Kathleen Freimond The Vancouver Sun Project: Cambie Gardens Project address: Cambie Street and West 59th Avenue, Vancouver Developer: Onni Group Architect: IB…

Future Development Sites by Concorde

2018-12-01

Bitter lawsuit between wealthy developers reveals delays, downsizing of Yaletown affordable housing plan was inevitable Joanne Lee-Young & Lori Culbert The Vancouver Sun Two business tycoons waged a little-known and vicious battle in and ou…

No, detached home prices in Vancouver aren?t collapsing, according to this infographic

2018-11-30

The market peaked in May 2017 not 2016 Josh Sherman other To get a handle on how detached home values in Vancouver have evolved since 2016, the year the province started taxing foreign buyers, Glacier Media analyzed median prices — an…

Stack office tower by Oxford Properties stands 161.5 metres

2018-11-29

Vancouver's tallest commercial tower to pilot green standard Ephraim Vecina Mortgage Broker News Slated to be the tallest commercial building in Vancouver by far, the 161.5-metre Stack office tower by Oxford Properties Group will be among C…