Real Estate News & Articles

Subprime lending - as well as the risk that comes with it - is growing in Canada?s hottest real-estate markets

2018-11-15

Distress Sale: Borrowers Sinking Jen St. Denis other With its slightly kitschy but homey pine-panelled interior, stunning view of the ocean and backyard swimming pool, it’s easy to imagine a family living in the four-bedroom home on R…

5 charts that put BC?s tumultuous housing market in perspective

2018-11-15

New home sales in the province?s biggest market, Vancouver, have actually climbed Josh Sherman other   In BC, existing home sales continue their descent, but realtors suggest that by 2019, the resale market will begin to recover. Meant…

Luxury condo at 50 Scollard Street Toronto will be 41 storeys by Lanterra Developments

2018-11-15

Condo builders push to meet a luxury shortage Shane Dingman The Globe and Mail There are more millionaires than ever in Canada and while affordability isn’t an issue when the well-heeled shop in the luxury-condominium market, they may…

Province tackles housing crisis in 42 communities

2018-11-14

4,900 new units to be built over three years for renters from a range of income Amy Smart The Province The B.C. government is funding 4,900 new affordable rental units to be built in the next three years as part of its efforts to tackle a h…

Balanced Conditions Prevail in BC Housing Market

2018-11-14

Balanced conditions remain for BC markets BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in O…

Another Canadian city contemplates foreign buyer tax

2018-11-14

Montreal?s renters might suffer from a foreign buyer?s tax Neil Sharma Canadian Real Estate Wealth These days, Montreal is riding high—the city`s economy is surging and so is its real estate market—but that’s inevitably at…

Metro Vancouver's industrial supply is lagging demand

2018-11-13

There is a high demand for industrial units in Metro Vancouver Steve Randall Canadian Real Estate Wealth High demand for industrial units in Metro Vancouver is outpacing new supply and driving rental rates higher. With an ongoing record low…

BC homebuilders 'hit pause' following announcement of speculation tax and other measures

2018-11-13

BC Homebuilders slowdown consctruction Josh Sherman other A slowdown in BC homebuilding could be a sign that several factors — including interest rates and multiple policy measures — are taking hold and pushing back groundbreaki…

Downtown Vancouver has highest average price per square foot

2018-11-12

Vancouver No. 1 in most expensive area to buy a home Duffie Osental Canadian Real Estate Wealth According to survey conducted by Century 21, Greater Vancouver comes up on top as Canada’s most expensive metropolitan area to buy a home.…

Canadian Real Estate wealth's Property Forecast issue will be out in December

2018-11-12

2019 forecast release in December Neil Sharma Canadian Real Estate Wealth Canadian Real Estate Wealth’s Property Forecast issue will be out in December, and after this year’s real estate market turbulence, readers will breathe e…

B.C. sets up new condo registry

2018-11-12

Pre-sale agreements must be registered Duffie Osental Mortgage Broker News British Columbia is tackling tax evasion in condominium sales by setting up a registry that tracks a project’s pre-sales transactions and ownership history. Ac…

Tsawwassen Landing 4738 Hemlock Way 30 townhomes in phase one from 1,325 to 1,530 square feet by Onni Group

2018-11-10

Three-bedroom townhomes launch onni group?s master-planned tsawwassen landing community Simon Briault The Vancouver Sun Tsawwassen Landing Project location: 4738 Hemlock Way, Tsawwassen Project size and pricing: the 30 first-phase townhomes…

Coquitlam council and developer clash over Fraser Mills details

2018-11-09

City says Beedie's numbers on homes and park space in huge redevelopment of former mill site are still subject to public consultation Gary McKenna Vancouver Courier The City of Coquitlam is pushing back against several assertions made by a …

BCREA is forecasting a better year ahead for BC sales

2018-11-09

Sales forecast to rise 12% in 2019, says BCREA Steve Randall Canadian Real Estate Wealth Home sales in British Columbia have been subdued during 2018 and are expected to end the year 23% lower than 2017 with 80,000. The figures from the Bri…

A year's free mortgage attracts buyers to Langley development

2018-11-09

Incentives attractive in cooler market caused by reduced job, population growth Glenda Luymes The Vancouver Sun Developers of The Landing condominium project in Langley offered an attractive promotion for first-time homebuyers ? the opportu…

BCREA 2018 Fourth Quarter Housing Forecast

2018-11-08

Canadian Housing Starts ? BCREA BCREA Canadian housing starts increased 9 per cent on a monthly basis in October to 205,925 units at a seasonally adjusted annual rate (SAAR).  The trend in Canadian housing starts continued to moderate …

Eligible voters should have chance to discuss proposed resolutions

2018-11-08

The Strata Property Act does not permit mail-in ballots Tony Gioventu The Province Dear Tony: Our strata council has decided to avoid holding a meeting to discuss a major change in the use of our property. We are a gated community and the c…

50 Electronic Avenue 358 homes at 50 Electronic Avenue Port Moody by Panatch Group

2018-11-08

50 Electronic Avenue part of a transformation in Port Moody?s core Michael Bernard The Province 50 Electronic Avenue What: 358 homes ranging from one- to four-bedroom units in two six-storey wood-frame buildings Where: 50 Electronic Avenue,…

Home sales across B.C. to bounce back next year, claims forecast

2018-11-08

"Strong economy, favourable demographics" will push market to recovery, asserts B.C. Real Estate Association Joannah Connolly Western Investor Source: BCREA Economics Although home sales on the MLS across B.C. are expected to be 23 per cent…

Vancouver expects $30 million in first year of empty homes tax

2018-11-07

Empty homes tax goes to affordable housing Canadian Real Estate Wealth The City of Vancouver says it has collected $18 million from the first year of its empty homes tax and another $12 million could still flow into its coffers. The city sa…

Two downtown Vancouver office buildings acquired for $57.5M

2018-11-07

Two Class A office properties in Gastown and Yaletown have been purchased by Toronto-based Allied Properties Real Estate Investment Trust Tanya Commisso Western Investor Two Class A office buildings in downtown Vancouver have been acquired …

CMHC issues forecast for next two years

2018-11-07

Lower sales higher inventory for next two years Neil Sharma Mortgage Broker News The Canada Mortgage and Housing Corporation forecasts a balanced market in the GTA through 2020, with fewer sales expected because of rising interest rates. &l…

Metro Vancouver has nation's highest per-square-foot home prices

2018-11-07

Survey of home costs per square foot reveals gaping bang-for-buck differences between neighbouring areas Joannah Connolly Western Investor Despite the recent market slowdown, condos in downtown Vancouver and detached houses on Vancouver's W…

Slight bump for "more balanced" Fraser Valley market

2018-11-06

Inventory up, prices up in Fraser Valley Steve Randall REP There was an 11.6% rise in home sales in the Fraser Valley in October compared to September. Year-over-year sales remained subdued with the 1,155 sales through the MLS system of the…