Real Estate News & Articles

Limited common property bylaws quite often misunderstood

2018-11-29

Strata corporations has to maintain decks Tony Gioventu The Province Dear Tony: Our strata corporation has a bylaw that says the owners must maintain and repair limited common property. Our balconies are designated as limited common propert…

Tsawwassen Landing 30 townhomes at 4738 Hemlock Way by Onni Group

2018-11-29

Three-bedroom townhomes represent the first component in Onni?s Tsawwassen Landing community Simon Briault The Province Tsawwassen Landing What: first release of 30 townhomes Where: 4738 Hemlock Way, Tsawwassen Residence size and prices: 1,…

Metro's 2018 vacancy rate remains tight while rents continue to soar

2018-11-29

Rental rates in Vancouver remain the highest in the country, and they just went up Derrick Penner The Province Metro Vancouver’s rental vacancy rate edged up slightly in 2018, but it wasn’t enough to keep average rents from soar…

Vancouver's empty homes tax revenue higher than expected

2018-11-29

City anticipates collecting $38 million ? $8 million higher than predicted Western Investor The City of Vancouver estimates it will bring in $38 million from the first year of the empty homes tax — $8 million more than initially predi…

Going crazy over cannabis

2018-11-29

Mark Weisleder REM I have now given more than 30 seminars about the new Cannabis Act to real estate brokerages, real estate boards and landlord groups. I have interviewed medical cannabis users and growers and spoken to condominium lawyers …

Canada's reverse mortgage load continues to grow

2018-11-28

Reverse mortgages will continue to grow over next few years Ephraim Vecina Mortgage Broker News Updated numbers from the Office of the Superintendent of Financial Institutions showed that Canada’s total reverse mortgage debt load stea…

Housing-backed cryptocurrencies could change homebuying

2018-11-28

Blockchain could disrupt real estate Steve Randall REP The current slump in the value of cryptocurrencies may be giving investors cause for concern but the underlying technology could change the face of homebuying. Blockchain could disrupt …

BCREA welcomes provincial crackdown on money laundering

2018-11-28

BCREA backs government anti-laundering program Steve Randall REP The drive to tackle money laundering by criminal networks using British Columbia’s real estate sector is being fully supported by the province’s real estate associ…

GTA new home sales post best month of 2018 so far

2018-11-28

Home sales in October improved Steve Randall REP October brought some positives for the new homes market in the Greater Toronto Area with sales and openings gaining. A report from the Building Industry and Land Development Association (BILD…

Toronto affordability already in a 'crisis' state - observer

2018-11-28

Rental market only for the rich Ephraim Vecina Canadian Real Estate Wealth Data from Urbanation indicated that Toronto condo rent rates increased by 7.6% on an annual basis to reach an average of $2,385 in Q3 2018, and by 17% for newly avai…

Whistler condo prices skyrocket as retirees, investors drive demand

2018-11-28

Median price is up 26.5 per cent from a year ago, nearly twice the increase of detached home prices Joannah Connolly Western Investor Strong demand for condos in popular winter resorts is driving massive price gains in Whistler at nearly do…

$1 billion money laundered by crime networks in BC real estate?

2018-11-27

Money laundering rampant in BC real estate Steve Randall REP Criminal networks could have used British Columbia’s real estate market for more than $1 billion of money laundering. A secret police report, obtained by Global News, reveal…

Housing collapse unlikely say Canada's accountants

2018-11-27

High home prices not a recipe for crash Steve Randall REP High levels of household debt and the sky-high home prices in some Canadian markets have led some commentators to make comparisons with the US housing crash which sparked the global …

$10.79M downtown Victoria penthouse sale doubles the previous record

2018-11-27

Presale deal is for 4,422-square-foot luxury home atop Customs House building on Government Street, to be complete in 2020 Carla Wilson Times Colonist Western Investor A Canadian couple has finalized a pre-sale deal for the $10.79 million p…

Canada's big banks to end strong financial year with a 'whimper'

2018-11-26

Canada's banks to expect good returns in Q4 Armina Ligaya Mortgage Broker News Canada's biggest banks are expected to close out a strong financial year that was helped by interest rate hikes and favourable credit conditions with a ``whimper…

BoC to buy Canadian Mortgage Bonds for first time

2018-11-26

Bank of Canada to expand assets Steve Randall Canadian Real Estate Wealth The Bank of Canada is planning to buy mortgage-backed securities for the first time following a periodic review of its balance sheet management. The bank wants to exp…

Why this economist says Vancouver's housing recovery will probably be rougher than Toronto's

2018-11-26

Vancouver housing market?s recovery to take longer Josh Sherman other The Vancouver housing market’s recovery is likely going to take longer than Toronto’s despite both being triggered by the same event, says an economic-researc…

Bidding wars: Ministration, deliberation and orchestration

2018-11-26

In a blind bid all offers are presented separately Ross Wilson REM Legal and ethical protocol dictates that during a bidding war, buyers are deliberately kept unaware of the terms of competing offers. To ensure a blind bid, all offers are t…

Housing Strategy to nurture the next generation of experts

2018-11-25

CMHC to collect a higher quality of housing data Ephraim Vecina REP As part of the National Housing Strategy, the Canada Mortgage and Housing Corporation will be investing $241 million towards the collection of a much higher quality of hous…

Little Mountain development site awaiting on planning department approval

2018-11-24

Vancouver's Little Mountain: The money and the sad history behind a long-stalled project Lori Culbert & Dan Fumano The Vancouver Sun The park where Jeannine Silvestrone played as a girl is cordoned off by a chain-link fence, and the spot wh…

Maywood on the Park 6463 Silver Avenue Burnaby 298 homes in a 32 storey tower by Intracorp

2018-11-24

Intracorp?s Maywood on the Park to rise 32 storeys above Burnaby Kathleen Freimond The Vancouver Sun Maywood on the Park Project address: 6463 Silver Avenue, Burnaby Developer: Intracorp Architect: NSDA Architects and Richard Henry Architec…

Berkeley Tower at 1770 Davie due for renovation and tenants offered huge buyout

2018-11-24

Tenants could snag $15,000 for leaving their apartments, but critics urge caution Dan Fumano The Vancouver Sun The owner of a West End tower where tenants have organized to fight evictions offered more cash Friday to persuade residents to l…

How to build a pipeline from online leads

2018-11-23

Robin Wilding REM Once your sphere/database has been exhausted you need a new source for clients. There are offline methods for developing leads and clients such as open houses, door knocking and cold calling, but online is where it’s…

In Sweden, cash is almost extinct and people implant microchips in their hands to pay for things

2018-11-23

Cash in Sweden is being squeezed out quickly Liz Alderman other Few countries have been moving toward a cashless society as fast as Sweden. But cash is being squeezed out so quickly — with half the nation’s retailers predicting …