Real Estate News & Articles

Luxury condo sales are booming says RE/MAX

2018-10-24

Luxury condo sales in Vancouver up 6 per cent Steve Randall Canadian Real Estate Wealth Sales of homes in the $1-2 million price range are the focus of a new report from RE/MAX. It found that sales of luxury condos have increased in 2018 co…

Bank of Canada hikes interest rate to 1.75% - with more increases to follow

2018-10-24

The increase is the third this year and fifth since July 2017, with more rate raises expected to follow as soon as December Joannah Connolly Western Investor The Bank of Canada has once again increased its overnight lending rate, with analy…

New videos to help you prepare for the Rules of Cooperation changes

2018-10-23

REBGV other We’ve created three new videos to help you understand the changes to the Rules of Cooperation that’ll take effect on November 1. The changes range from minor modifications to new rules and a new form. The Rules …

1 in 3 fear rate rises could move them towards bankruptcy

2018-10-23

BoC expected to increase interest rates Steve Randall Canadian Real Estate Wealth With the Bank of Canada widely expected to increase interest rates Wednesday, a poll from debt advisors MNP shows rising concern over higher rates. The survey…

Fall is in the Air...and Real Estate is in the Headlines

2018-10-23

Market Update August 2018 other With the recent cool down in the Metro Vancouver real estate market, the media is having a field day pumping out articles creating fear of an imminent crash and stalling some Buyers and Sellers from making a …

Chinese buyer interest in Metro Vancouver real estate soars again

2018-10-23

After a slump in inquiries, third quarter sees leap in Metro Vancouver searches on Chinese real estate portal Juwai.com Frank O'Brien Joannah Connolly Western Investor Nine months after the B.C. government raised the foreign-buyer tax on Me…

Toronto real estate slated for another boom

2018-10-23

Tech industry in Toronto about to explode Neil Sharma REP Thanks to the city’s thriving technology sector, Ron Sally believes real estate—and condos in particular—are going to be the hottest commodity in town. “Our t…

Interest rate hikes are stoking Canadians' fiscal fears

2018-10-23

Consumer Debt Index reported 1/3 of Canadians fear bankrupcy Ephraim Vecina REP The latest Consumer Debt Index by insolvency practice MNP LTD reported that 1/3 of Canadians are concerned that rising rates could push them towards bankruptcy.…

Toronto's multi-residential segment sees record-high sales

2018-10-23

Multi-residential buildings sales fueled by high rents Ephraim Vecina Canadian Real Estate Wealth Multi-residential apartment buildings in Toronto yielded a record-breaking $1.2 billion in investments during the third quarter of 2018, accor…

Homebuilder, bank stocks plunge again

2018-10-23

Home stocks drop due to weakening real estate market Bloomberg Investors hoping for a respite in the pummeling of two of the stock market’s weakest sectors instead were treated to more pain. Financial stocks in the S&P 500 dropped…

Zillow to feature more than 50,000 Canadian listings

2018-10-22

Canadian listings on Zillow now live Ephraim Vecina Mortgage Broker News Last week, U.S.-based online real estate marketplace Zillow announced that thousands of Canadian for-sale listings have finally gone live on its mobile app and website…

Would-be home buyers primarily use the internet for these purposes

2018-10-22

Mortgage info gathered online by buyers Ephraim Vecina Mortgage Broker News The internet has clearly emerged as a preferred avenue of mortgage information among Canadian would-be home buyers, according to the CMHC’s wide-ranging annua…

Take pride in owning Realtor.ca

2018-10-22

Realtor.ca the No.1 real estate website in Canada Barb Sukkau REM You take pride in the things you own. Look no further than your house; you want people to be impressed the minute they walk in the front door. After all, you worked hard to g…

Whittled down spec tax no longer worth it, says advisor

2018-10-22

BC?s speculation and vacancy tax another cash grab Neil Sharma REP British Columbia’s speculation and vacancy tax has become so whittled down that an advisor on the original proposal believes it no longer serves a purpose. “The …

Interest rate rise "a done deal" but impact is showing says TD

2018-10-22

TD forecasts slower pace in home activity Steve Randall Canadian Real Estate Wealth There is little dispute among economists that the Bank of Canada will increase interest rates again this week. Wednesday’s hike will be accompanied by…

Watered-down speculation tax could result in net zero

2018-10-22

The speculation tax is going to slam the door shut on outside buyers Les Leyne Western Investor The speculation tax is going to slam the door shut on outside hustlers who are gaming real estate out of reach of young families, fund more home…

Victoria sur le Parc estimated completiong 2023 will have 57 levels with 400 condos by Broccolini Development

2018-10-20

Montreal to build landmark condo tower in downtown core, with no foreign buyers? tax Ursula Leonowicz The Vancouver Sun Starting at the bottom with its historic facade and 10-storey podium on St-Jacques Street and ending at the very top, 20…

50 Electronic Avenue 258 homes in two 6-storey buildings at 50 Electronic Avenue Port Moody by Panatch Group

2018-10-20

50 Electronic Avenue speaks to its Port Moody location Michael Bernard The Vancouver Sun Project:  50 Electronic Avenue Project location:  50 Electronic Avenue, Port Moody Project Scope:   A total of 358 homes ranging from on…

Income data sheds light on housing affordability

2018-10-20

Some cities with high housing costs boast high incomes to match ? but not Vancouver PETER KENTER The Vancouver Sun The Vancouver housing market has made home ownership unaffordable for many people, as the gap between wages and house prices …

NEVER MIND THE CANNABIS ? THE REAL BUZZ IS AROUND AI

2018-10-20

This technology will change world even with bubbly signs, Kevin Carmichael says. The Vancouver Sun The temperature in Montreal was close to freezing on Oct. 18, yet the lineup at the Société québécoise du cannabi…

Canadian Retail Sales and Inflation

2018-10-19

BCREA ECONOMICS NOW BCREA Canadian retail sales declined 0.1 per cent on a monthly basis in August, but were 3.6 per cent higher on a year-over-year basis. Retail sales were lower in 7 of 11 sub-sectors representing 52 per cent of total ret…

Rate hikes will push Canadian delinquencies higher

2018-10-19

Canadian delinquencies on the rise Chris Fournier and Erik Hertzberg REP A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit rep…

New rules for Facebook business use

2018-10-18

other The latest Facebook breach has bigger implications for business users who represent their organizations on Facebook, or for organizations that have their own Facebook account. This is because the risks of a presence on Facebook can da…

New rules for Facebook business use

2018-10-18

other The latest Facebook breach has bigger implications for business users who represent their organizations on Facebook, or for organizations that have their own Facebook account. This is because the risks of a presence on Facebook can da…