Real Estate News & Articles

Downsizing may not be a golden nest egg for boomers

2018-09-20

Canada's seniors happy where they are Steve Randall Canadian Real Estate Wealth Canada’s seniors may be left disappointed by the costs and savings from downsizing their homes in retirement. Of 1,870 homeowners over 55 polled by Ipsos …

Rules are your ally against council bullies

2018-09-20

Owners can hold harmonious meetings by following proper bylaws and Strata Property Act Tony Gioventu The Province Dear Tony: Our recent AGM lasted only 20 minutes before the owners engaged in a massive confrontation with the president of ou…

Chelsea 79 condos in a 6 storey building at 4663 Cambie Street by Cressey

2018-09-20

Cressey?s Chelsea will take its place directly opposite Queen Elizabeth Park Kathleen Freimond The Province Chelsea Where:  West 31st Avenue and Cambie Street, Vancouver What: 79 homes Residence sizes and prices: Studio, 1-, 2-, 3-bedr…

Multiple offers become commonplace again

2018-09-19

Greater Toronto Area Homes selling to Immigrants Neil Sharma Canadian Real Estate Wealth Inbound migration to the Greater Toronto Area should allay fears real estate investors may have about how profitable the region’s housing stock i…

Demand for Toronto's townhouses loses pace in September

2018-09-19

TREB says townhouse market slow in September Ephraim Vecina Canadian Real Estate Wealth Latest numbers from the Toronto Real Estate Board revealed that the city’s townhouse market has seen a notable slackening in sales numbers, going …

NAFTA negotiations highlight looming crisis for homeowners

2018-09-19

B-20 under review in light of NAFTA Neil Sharma REP Interest rates have been expected to rise all year, but ongoing negotiations for a new North American Free Trade Agreement have quashed the latest planned hikes. “The Bank of Canada …

Almost all GTA residents want zoning review, more new homes

2018-09-19

Toronto residents want affordable housing Steve Randall Canadian Real Estate Wealth Residents in the Greater Toronto Area want more new homes and a review of zoning rules to help ease housing affordability. A survey has revealed that 87% of…

How Much Income Is Required To Buy A Home?

2018-09-18

How Much Money Do You Need to Buy a House? John Charbonneau other Very interesting map. It takes the average home price by area, and assumes a purchase price with 20% down and calculates the approximate home income required to qualify for t…

TREB to make GTA home sales data available this week

2018-09-17

TREB to activate a password protected feed for sales data REP The Toronto Real Estate Board says it is still reviewing a handful of issues associated with releasing Greater Toronto Area sales data, but it will make a password-protected feed…

Growth, density lead the debate in most council races in Metro Vancouver

2018-09-16

Plan to open up more of city to medium density creates storm Dan Fumano The Province

Growth, density lead the debate in most council races in Metro Vancouver

2018-09-16

Plan to open up more of city to medium density creates storm Dan Fumano The Province As next month’s municipal elections draw closer, debates around development are a common theme throughout Metro Vancouver. But the nature of the deba…

Growth, density lead the debate in most council races in Metro Vancouver - Part 2

2018-09-16

Metro Vancouver needs to accommodate tens of thousands of added residents every year. How to do it has become a popular election issue Dan Fumano The Province North Vancouver Between 2011 and 2016, the population of the North Shore — …

Why Realtors are flocking to Toronto's luxury residential real estate market

2018-09-14

IN FOCUS: How to choose which brokerage to work with REP Toronto has become one of the most dynamic luxury real estate markets in the world. With tens of thousands of people moving to the GTA each year, Toronto is consistently ranked by num…

Canada among world's four riskiest housing markets

2018-09-13

Housing market dangers are a threat to economic activity Michael Heath Mortgage Broker News Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has histori…

Canadians can't afford NOT to buy study suggests

2018-09-13

Ownership costs less than renting Steve Randall Canadian Real Estate Wealth Rising rents is making homeownership the affordable alternative according to a new report. In a comparison of expected costs by those intending to rent and those wh…

Incorrect owners' lists could be a worry

2018-09-13

Accuracy essential if strata corporation intends to conduct business in a fair manner Tony Gioventu The Province Dear Tony: Our strata corporation has 158 residential units. At our recent annual general meeting, we had complaints from 10 ow…

The Trails 603 East 2nd Street North Vancouver 300 townhomes, phase one 62 townhomes, by Wall Group of Companies

2018-09-13

North Van's Moodyville to be home to The Trails Kathleen Freimond The Province The Trails Where: 603 East 2nd Street, City of North Vancouver What: Over 300 townhomes (First phase: 62 townhomes) Residence sizes and prices: 1,266 to 2,183 sq…

Toronto and Vancouver investors, take heed

2018-09-13

Real estate investors in Toronto and Vancouver should sell now Neil Sharma Canadian Real Estate Wealth According to Calum Ross, a leverage wealth expert and VERICO broker with Mortgage Management Group, real estate investors in Toronto and …

Environmental hearing on Gibson's hotel project adjourned until 2019

2018-09-13

The site is suspected of having contaminated soil from previous industrial activity Sean Eckford Western Investor An Environmental Appeal Board (EAB) hearing on whether the province should have endorsed a remediation plan for the site of th…

Major tech player confirms allure of Toronto real estate

2018-09-12

Microsoft to open office in Toronto Steve Randall Canadian Real Estate Wealth Toronto is home to some of the world’s most innovative technology companies and now arguably the most famous name in tech has announced a major real estate …

Improved access to Toronto home sales data facing major roadblock

2018-09-12

TREB to regulate sales data Canadian Real Estate Wealth The Toronto Real Estate Board is threatening real estate companies it says are "jumping the gun" by releasing Greater Toronto Area home sales data from unknown sources before the board…

Commercial sector shows promise in Q2

2018-09-12

Big transactions boost commercial real estate Natalie Wong Canadian Real Estate Wealth Canadian commercial real estate investment reached new heights in the second quarter, boosted by a pair of big acquisitions and by the lure of attractive…

Single-family detached market crushed under weight of bureaucracy

2018-09-12

Greater Toronto single-family detached market declining Neil Sharma Canadian Real Estate Wealth That the Greater Toronto Area’s single-family detached market is in steep decline is no secret, but according to the president of the Resi…

Activity in the Fraser Valley hit a 2018 low last month

2018-09-11

FVREB showed a 38% drop in sales Steve Randall Canadian Real Estate Wealth Home sales in the Fraser Valley fell 10.5% in the month from July to August to a new 2018 low. The 1,155 sales represented a 38.5% drop from August 2017 while prices…