Real Estate News & Articles

How low can Vancouver home prices go? An economist predicts more declines

2018-10-10

How 15 years of Vancouver housing data points to more price drops Josh Sherman Business in Vancouver Vancouver home prices haven’t hit bottom yet, not according to the latest forecast from a credit union based in BC and Ontario. &ldqu…

CHINESE GLOBAL PROPERTY INVESTMENT REPORT

2018-10-09

Juwai.com, through its data service Juwai IQ, is the global leader in reporting on Chinese international residential and commercial property investment trends. other Chinese outbound property investments hit a record $119.7 billion in 2017.…

CoStar Market Report October 2018

2018-10-09

Costar Market Summary other MARKET SUMMARY Regardless of the details -- even though the devil is in the details --, the USMCA (NAFTA 2.0) agreement is welcomed news, as it has lifted the general uncertainty clouding the economic horizon ove…

JW Marriott hotel, first luxury hotel in 30 years, will have 346 guest rooms located in Edmonton?s entertainment district

2018-10-09

New luxury hotels define Alberta?s economic confidence Frank O'Brien Geoff Kirbyson Western Investor Alberta’s hotel industry is experiencing a 52 per cent occupancy rate this year, compared with a 62 per cent average across Western C…

Park George 13768 100 Avenue Surrey 399 homes in two towers of 36 and 39 storeys by Concord Pacific

2018-10-06

Concord Pacific's amenity-rich Park George will be big on smart design Simon Briault The Vancouver Sun Park George Project location: 13768 —100 Avenue, Surrey Project size: 339 homes ranging in size between 573 and 2,056 square feet. …

Bayview Place Tower 4, 25-storey tower at 210 Kitma Road 181 homes by Focus Equities

2018-10-06

"Fabulous" residential building will have 181 homes, including 20 with lock-off mortgage-helper suites, plus commercial and retail Bill Cleverley Western Investor The tallest building to be built on the Roundhouse properties in Victoria Wes…

CIBC: Expect two rate rises in the next 3 months

2018-10-05

Homeowners could be facing two interest rate rises Steve Randall REP Homeowners could be facing two interest rate rises in the coming months according to an updated forecast. CIBC Capital Markets said Thursday that it was already expecting …

OCTOBER 2018 PRE-SALE REAL ESTATE INSIGHTS

2018-10-04

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Strata residents not obliged to provide council with keys

2018-10-04

Owners? consent needed for lot access Tony Gioventu The Province Dear Tony:  Without the knowledge of most owners and tenants in our complex, our strata council is holding a master key for every unit and insists that when anyone change…

Gilmore Place 2108 Gilmore Avenue 12 acres with 10 towers total, primary tower 64-storey with 643 homes by Onni Group

2018-10-04

Gilmore Place to be a 'live, work and play community' Michael Bernard The Province Gilmore Place Project location : Gilmore Avenue and Lougheed Highway Project scope:  12 acres; 10 towers in total: seven residential, three office.&nbsp…

Developer cancels condo, plans to launch another

2018-10-04

Another condo project in Toronto Cancelled Neil Sharma REP Upon cancelling a Vaughan condominium tower, and in the process leaving buyers out in the cold, The Gupta Group is planning another condo nearby. The Gupta Group—headed by Ste…

Has an overzealous B.C. government imperilled 12,000 rental units?

2018-10-04

Developers are torn between purpose built rentals and condos Neil Sharma Canadian Real Estate Wealth The British Columbia government is coming down hard on landlords, including condo investors, and there’s mounting fear that 12,000 mu…

Interest rate could hit 6% by 2020

2018-10-04

Policymakers increase rate to prevent housing bubble Neil Sharma Mortgage Broker News Interest rates could hit 6% by 2020, according to Moody’s Analytics. The prediction, using RPS data, is based on policymakers realizing plans to que…

Vancouver home sales activity declined considerably last month

2018-10-04

Home Sales Continue at Slower Pace in September Ephraim Vecina Mortgage Broker News Amid warnings of an impending bubble burst, Vancouver and its surrounding markets have experienced a sharp decline in home sales in September, according to …

CREA to add sold data to property listings

2018-10-03

Sold data coming to Realtor.ca REM CREA’s Board of Directors has voted to add sold and historical data to the property listings on Realtor.ca without the need for a login. In a message to real estate boards across the country, CREA sa…

The Stack will be Vancouver?s tallest commercial building

2018-10-03

Vancouver commercial project to significantly pump up supply Ephraim Vecina Canadian Real Estate Wealth Oxford Properties Group announced late last week the beginning of the development of The Stack, a high-rise office tower that will be in…

Online platform inks deals with even more Canadian affiliates

2018-10-03

Zillow has added three more brokerages to its growing real estate venture in Canada REP Online real estate marketplace Zillow has announced new marketing partnerships with three leading Canadian brokerages, less than a week after cementing …

Vancouver home sales continued lower last month

2018-10-03

Home sales in Metro Vancouver below long term norms Steve Randall REP Sales of homes in Metro Vancouver remained well-below long-term norms in September. The Real Estate Board of Greater Vancouver reported sales of 1,595 homes in the month,…

Are taxes behind housing's astronomical price growth?

2018-10-03

According to insiders high prices due to government fees and taxes Neil Sharma Canadian Real Estate Wealth Homebuyers and investors have long groaned about escalating price points, attributing them to builder avarice. However, according to …

Horgan government's rent capping will likely hurt renters in the long run

2018-10-03

NDP's rent capping will likely hurt renters Josef Filipowicz The Province In its latest move on the housing front, the B.C. NDP government last week pegged annual rent increases to inflation (estimated at 2.5 per cent in 2019), citing affor…

BoC studying benefits, risks and potential impact of issuing digital currency

2018-10-02

The Bank of Canada is looking at the key questions around the design of a digital currency The Vancouver Sun The Bank of Canada is looking at the key questions around the design of a digital currency and the issues surrounding such an idea,…

Look At What's Happened To Demand For Vancouver Housing

2018-10-02

Greater Vancouver will be in a ?buyer?s market? within a few months Daniel Tencer other It's safe to say Vancouver real estate has entered a new era, and it's nothing like the old one. After a dismal summer, things appear to be headed for a…

Canada on precipice of 'household led recession'

2018-10-02

Economists says risks in the housing market remain Greg Quinn, Jacqueline Thorpe and Erik Hertzberg Canadian Real Estate Wealth Canada’s economy faces a major risk through the next three years from how debt-laden consumers cope with h…

Metro Vancouver residential sales plummet 43.5% in September

2018-10-02

No flurry of fall activity this year, as slide in both sales and prices gathers pace across Metro Vancouver Joannah Connolly Western Investor September is usually the month that we’d expect to see residential real estate activity star…