Real Estate News & Articles

B.C. home prices will flatline over next two years: forecast

2018-11-06

Housing market in 2019 and 2020 will be characterized by slower sales and more home inventory, says CMHC Joannah Connolly Western Investor The next two years in B.C. residential real estate will continue to see lower sales and higher invent…

Mixed-use $250M Capital Park project 355 Menzies Street Victoria begins to rise

2018-11-06

Huge multi-phased development close to B.C. Legislature in capital's downtown will have offices, commercial and residential uses Carla Wilson Western Investor Construction is starting on the new Capital Park Residences at a six-acre, mixed-…

BC announces further crack down on illegal real estate

2018-11-06

A condo and strata assignment registry implemented Steve Randall Canadian Real Estate Wealth British Columbia is taking further action against unfair and illegal practices involving real estate. The government announced Monday that it will …

Rate hike could spur activity

2018-11-05

Interest rate to increase ? buy now Neil Sharma REP The latest interest rate hike might not preclude more buyers—especially first-timers—from the market, it might signal a rush to get into the market while they still can. &ldquo…

Metro Vancouver 27% below average, inventory at 4-year high

2018-11-05

REBGV reports sales down 34.9% Steve Randall Canadian Real Estate Wealth Home sales in Metro Vancouver continued to run well below their long-term historical averages in October. The Real Estate Board of Greater Vancouver reported sales of …

Belle Isle 2060 Curling Road North Vancouver 88 stacked townhomes from 534 to 2182 square feet by Citimark

2018-11-03

Belle Isle offers residents a 'beautiful new neighbourhood' in convenient North Vancouver location Simon Briault The Vancouver Sun Belle Isle WHAT: Belle Isle is a collection of 88 stacked townhomes at Lions Gate Village, a new master-plann…

Hiring the right Realtor is an important first step in today?s real estate market

2018-11-02

Navigating Metro Vancouver?s housing market with the right REALTOR Michael Bernard The Vancouver Sun Navigating Metro Vancouver’s housing market can feel daunting, especially when market conditions are changing. In 2018, the region&rs…

New GTA condo prices up 11% despite increased supply

2018-11-01

Greater Toronto area condo prices up Steve Randall Canadian Real Estate Wealth Condo prices continue to rise in the Greater Toronto Area even as new supply eases inventory pressures. The average selling price of actively-marketing projects …

Maintaining common property is the responsibility of the strata

2018-11-01

Common property a responsibility of the strata Tony Gioventu The Province Dear Tony: Our council hired a contractor to clean our gutters and roof areas, as we have several large maple trees around our property. The contractor removed the de…

Interest rate hikes cost average Canadian household $2,500

2018-10-30

BoC interest rate hikes causing concern Steve Randall Canadian Real Estate Wealth Recent interest rate hikes by the Bank of Canada have increased costs for Canadian households but they may not feel the full impact for some time. According t…

Realty One Group enters Canadian real estate market

2018-10-29

Edmonton first for Realty One Group Mario Toneguzzi REM Realty One Group, an established U.S. real estate brand, is aiming to expand aggressively across Western Canada. Shami Sandhu, formerly broker at Re/Max River City in Edmonton, has sec…

Flippers might not be the problem in Toronto and Vancouver

2018-10-28

Vancouver flippers play only a small part in home sales Ephraim Vecina Canadian Real Estate Wealth Often blamed for overheating in major markets, flippers actually represented only a minor proportion of home transactions in Toronto and Vanc…

These two demographics are impelling luxury condo sales

2018-10-28

Local buyers are driving demand for luxury condos going into 2019 Ephraim Vecina REP Two major demographics are mainly responsible for the current strength of the Canadian luxury condo sector, according to the 2018 RE/MAX Spotlight on Luxur…

Ovation 813 Carnarvon Street New Westminster 204 homes in a 32 storey tower by Domus Homes

2018-10-27

Domus Homes: Ovation to rise 32 storeys and offer spectacular rooftop views Kathleen Freimond The Vancouver Sun Ovation is a project in development from Domus Homes in New Westminster that will feature a luxurious common area on the 32nd fl…

New Consumer Protection Rules: Agency and Disclosure

2018-10-26

Professional Standards Manual other 2. Acting For Sellers (k) Advertising Requirements - View Entire Section (VI) Internet/Social Media Advertising One of the primary purposes of the Council’s advertising rules is to ensure that consu…

Overvaluation is easing but vulnerability remains says CMHC

2018-10-26

CMHC report shows a return to a stable market Steve Randall Canadian Real Estate Wealth Conditions of overvaluation are easing nationwide and there is improvement in the vulnerability of the hottest markets. CMHC has published its latest Ho…

Housing market 'vulnerable,' despite slowing sales: CMHC

2018-10-26

Prices easing but Canada's housing market still 'highly vulnerable': CMHC Joanne Lee-Young The Vancouver Sun Home sales and prices are coming down in Vancouver, but it is still an overheated market, according to a Canada Mortgage and Housin…

Don't get overwhelmed by lead generation technology

2018-10-26

Lead generation amounts to 10% of your business David Greenspan REM The roller coaster of marketing ideas continues to take over the real estate industry. As we search for new ways to get business, it seems that the easy answer is to spend …

Interest rate announcement left out an important word

2018-10-25

BoC to introduce another 3 rate hikes of 25 basis points Steve Randall Canadian Real Estate Wealth The Bank of Canada’s decision to increase interest rates to 1.75% Wednesday was not a surprise to many, but an omitted word is perhaps …

Easing of cannabis laws creates questions for condos

2018-10-25

Easing of cannabis laws creates questions for strata corporations Tony Gioventu The Province Dear Tony: Our strata council is very confused about the new marijuana legislation and all the hype that has been published in the media. With seve…

Park George 339 homes in tower one at 13768 100 Avenue and 337 homes in tower two at 13778 100 Avenue Surrey by Concord Pacific

2018-10-25

Concord Pacific?s Park George will have swimming pools, an outdoor theatre, a tennis court Simon Briault The Province Park George What: 339 homes in tower one; 337 homes in tower two, with limited townhomes available Where: 13768 and 13778&…

Despite waning prices, housing market remains vulnerable

2018-10-25

Housing market vulnerable, despite slowing sales: CMHC Duffie Osental Canadian Real Estate Wealth Real estate prices may be dropping, but the overall market is still exposed to a high degree of vulnerability. The Canadian Mortgage and Housi…

Luxury condo segment continuously drawing in buyers

2018-10-25

Millennials using inheritance to invest in luxury condos Ephraim Vecina Canadian Real Estate Wealth Toronto and Vancouver condo units in the $1-2 million price range have attracted a healthy proportion of buyers over the past few years, acc…

Stewart's vows for Vancouver may not be enough - observers

2018-10-25

Not enough city land to achieve Stewart?s goal Ephraim Vecina Mortgage Broker News Vancouver mayor-elect Kennedy Stewart has promised to build 85,000 new rental homes over the next decade, but Urban Development Institute chairperson Jon Sto…