Real Estate News & Articles

New finishes at odds with building appearance

2018-10-18

Condo Smarts: New finishes at odds with building appearance Tony Gioventu The Province Dear Tony: In October 2017, our strata corporation held a SGM and approved a special levy of over $1.2 million to replace the membrane over our parking g…

Winona on Cambie 38 studio, one, two and three bedroom homes in a six-storey building by Raichu Development Group

2018-10-18

Winona Cambie Street development from Raichu group offers spacious living spaces near park land Michael Bernard The Province Winona on Cambie What: 38 studio, one-, two- and three-bedroom homes in a six-storey concrete building Where: …

Canadian listings go live on Zillow's mobile app, web portal

2018-10-18

50,000 listings on Zillow's mobile app Ephraim Vecina REP U.S.-based online real estate marketplace Zillow announced earlier this week that it has finally made available thousands of Canadian for-sale listings on its mobile app and website.…

New tax may stifle investment in B.C., fears industry

2018-10-18

BC government speculation tax hurting investments Neil Sharma Canadian Real Estate Wealth The British Columbia government introduced a speculation and vacancy tax this week, sparking fears that it will stymie investment in the province. The…

Slower Toronto, Vancouver pull down national activity - CREA

2018-10-17

Vancouver sales experienced a 1.5% drop along with a 1.2% decrease in prices. Ephraim Vecina Mortgage Broker News For the first time in nearly half a year, home sales activity across Canada declined, in large part due to the weaker performa…

Flip rates in Vancouver, Toronto are much less than one would expect

2018-10-17

flippers accounted for only a minor fraction of residential sales Ephraim Vecina REP Government measures aimed at curbing housing speculation will fail to improve affordability in Vancouver and Toronto, according to a new Bloomberg analysis…

BC government acting on speculators, vacant homes

2018-10-17

The speculation and vacancy tax will have an initial rate of 0.5% Steve Randall Canadian Real Estate Wealth Property speculators and empty homes are the target of new legislation in British Columbia. The speculation and vacancy tax proposed…

Most landlords plan to ban cannabis use in rental units: Survey

2018-10-16

Ahead of legalization, most property owners believe cannabis use will decrease the value of their residential assets Tanya Commisso Western Investor The majority of landlords polled in a new survey have responded negatively to cannabis…

BCREA Welcomes Exemptions to Bill 45

2018-10-16

Province targets speculators and vacant homes, supports housing affordability BCREA The British Columbia Real Estate Association welcomes the Government of British Columbia’s inclusion of exemptions from the speculation and vacancy ta…

America's largest home mortgage lender is coming to Canada

2018-10-16

Quicken Loans to open a new office in Canada Steve Randall Canadian Real Estate Wealth Quicken Loans, the largest home mortgage lender in the US, is to open a new office in Canada. The firm including its ‘Family of Companies’ is…

B.C. government introduces legislation on speculation tax

2018-10-16

The legislation did not contain an opt-out clause requested by municipal governments, many of which are warning the tax will have the reverse effect and actually discourage development of new housing. Rob Shaw The Vancouver Sun Finance Mini…

B.C. government moves ahead with speculation tax on vacant homes

2018-10-16

Tax ranges from 0.5% on secondary homes left vacant by B.C. residents, to 2% on foreign-owned properties other B.C.'s finance minister has introduced legislation to move ahead with a controversial speculation tax on vacant or underutilized …

B.C. launches speculation and vacancy tax, with new name following criticism

2018-10-16

The newly titled "speculation and vacancy tax" will apply to owners of second homes in applicable areas of B.C., as of December 31 Joannah Connolly Western Investor The newly named “speculation and vacancy tax” will apply to tho…

Tech giants driving hearty Vancouver activity

2018-10-15

The steady expansion of major tech companies main driver for commercial real estate Ephraim Vecina REP The steady expansion of major tech companies like Amazon and WeWork into Vancouver is a main driver of demand for the city’s commer…

How blockchain and artificial intelligence will reshape real estate

2018-10-15

Advances will help industry achieve greater efficiencies, mitigate risks Murtaza Haider and Stephen Moranis The Vancouver Sun Innovations in computing and information technologies are transforming businesses at an unprecedented pace. The re…

Beaufort Landing 5551 Admiral Way Ladner 124 three and four bedroom townhomes by Polygon Beaufort Landing Ltd

2018-10-13

Beaufort Landing the latest addition to Polygon?s ?seaside-inspired? Hampton Cove in Ladner Barbara Gunn The Vancouver Sun Beaufort Landing Project address: 5551 Admiral Way, Ladner Developer: Polygon Beaufort Landing Ltd. Architect: Ekisti…

Vancouver residential inventory swells to 4-year high

2018-10-12

Metro Vancouver for sale properties growing Ephraim Vecina Mortgage Broker News Metro Vancouver’s supply of residential properties for sale continued to inflate amid sustained noticeable weakness in demand, according to a new analysis…

Strong cannabis hubs to arise in Western Canada

2018-10-12

Kelowna first in BC to open legal store Ephraim Vecina Canadian Real Estate Wealth In a new report, RE/MAX Commercial deemed Edmonton in Alberta and Kelowna in B.C. as the up-and-coming hot spots for the cannabis market, with both cities pr…

BC Home Sales Continue at Slower Pace in September

2018-10-11

BC Home Sales Continue at Slower Pace in September BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the prov…

Undisclosed fees and commissions a growing problem

2018-10-11

Undisclosed fees a growing problem Tony Gioventu The Province Dear Tony: I am a commercial broker concerned about a problem occurring for strata owners considering a windup and liquidation of their corporation. Our office was recently appro…

Cedar Creek 7133 14th Avenue Burnaby three 6 storey buildings phase 1 has 128 homes by Ledingham McAllister

2018-10-11

Cedar Creek to take its place in an established, longtime Burnaby neighbourhood Kathleen Freimond The Province Cedar Creek What: 3, 6-storey buildings (first phase: 128 units) Where: 7133 14th Avenue, Burnaby Residence size and prices: one-…

Getting paid on-time: A landlord's guide to rental income

2018-10-10

Revolutionizing the payments process for landlords and tenants Canadian Real Estate Wealth Ensuring that rent is received on time each month can seem like a never ending pain point for real estate investors. Not all tenants are perfect, and…

Canadian Building Permits - October 10, 2018

2018-10-10

BCREA ECONOMICS NOW BCREA The total value of Canadian building permits rose 0.4 on a monthly basis in August to $8.1 billion on broad strength in the non-residential sector. Residential building permits declined for a third consecutive mont…

Housing starts slow to 19-month low

2018-10-10

Homebuilders began fewer projects this year Steve Randall Mortgage Broker News Canada’s homebuilders began fewer projects in the six months to September according to new data. CMHC’s 6-month moving measure of the seasonally-adju…