Real Estate News & Articles

Rentals.ca August 2018 Rent Report

2018-09-10

Vancouver rent prices up slightly other Sept. 10, 2018 While the media often talks about the skyrocketing rent prices in Vancouver and Toronto, in August, most major Canadian cities saw a drop or a minor increase month-over-month. The large…

Canada's commercial real estate investment sets new record

2018-09-10

Q2 2018 38 per cent above previous high Steve Randall REP Investment in Canadian commercial real estate has reached a new record high, beating the previous record set in Q1 2017. Q2 2018 saw $16.5 billion of CRE transactions, 38% above the …

Canada's half-century streak of home ownership growth ends

2018-09-10

Home ownership across Canada decline Ephraim Vecina REP The proportion of home owners across Canada shrunk for the first time in nearly 5 decades as 11 out of 13 provinces saw their ownership rates declining from 2011 to 2016, according to …

Vancouver's sluggish market sector coming to life

2018-09-10

Detached homes could see a boost is sales Neil Sharma REP Vancouver’s single-family detached market could see a boost in sales this autumn. According to numbers from the Real Estate Board of Greater Vancouver, detached home sales incr…

Highest growth in homeownership rates seen in New Westminster

2018-09-09

New Westminster waterfront has most ownership Kay Rivera REP The riverfront city of New Westminster, British Columbia, was recorded to have the highest growth in homeownership rates in the country, according to a new research by real estate…

The Highlands 9676 Benchland Drive, Lake Country 109 serviced lots on 550 acres for single-family homes by Macdonald Development Corp

2018-09-08

Recreational amenities, great views highlights The Highlands at Lakestone Michael Bernard The Vancouver Sun Project: The Highlands at Lakestone Project location: 9676 Benchland Drive, Lake Country Project size:  109 fully serviced lots…

Kentwell 3500 Burke Village Promenade Coquitlam 124 four-bedroom townhomes by Polygon Kentwell Homes

2018-09-08

Close to nature, parks and trails, Polygon's Kentwell takes its place atop Coquitlam?s Burke Mountain Simon Briault The Vancouver Sun Kentwell is a townhome project from Polygon Kentwell Homes Ltd. in Coquitlam. Kentwell is a collection of …

Purchasing property from a non-resident could mean a hefty tax bill

2018-09-08

Buyer beware: How purchasing property from a non-resident of Canada could leave you with a hefty tax bill Jamie Golombek The Vancouver Sun If you’re buying a house or condo and you suspect that the current owner from whom you are purc…

Billions laundered through Canadian real estate

2018-09-07

Shell companies and legal trusts used in real estate laundering Neil Sharma REP Canadian real estate is being exploited by international money launderers, according to a report from the C.D. Howe Institute. The report’s author Denis M…

Debt regret an increasingly common syndrome among Canadians

2018-09-07

41% of Canadians regretted the volume of debt in their lives Ephraim Vecina REP In the latest study conducted by Ipsos for insolvency practice MNP Debt, two-thirds of Canadians polled said that they had significant regrets over their debts.…

Multiple homes in the Okanagan listed in false locations

2018-09-07

Sub-areas under review by Okanagan real estate board Ephraim Vecina Canadian Real Estate Wealth The latest investigation by Global News has a crucial warning for hopeful home buyers in the Okanagan: multiple listings in the area have been f…

Economy adjusting well to higher rates, stress tests

2018-09-07

Bank of Canada spoke about its decision to keep interest rates on hold Steve Randall REP Canada’s economy is adjusting well to higher borrowing rates and tighter mortgage lending restriction. That was one of the key messages from the …

Marquise by Blairmore Development Group a 58 home condo and townhouse complex at 495 West King Edward Avenue

2018-09-06

Marquise showcases sleek, yet practical design Mary Frances Hill The Province Marquise Project size:  58 homes in total (seven townhomes, 51 condos) with one, two and three bedrooms, from 620 to 1,360 square feet Where:  495 West …

Changes to common property require scrutiny of strata council

2018-09-06

Condo Smarts: Changes to common property require scrutiny of strata council Tony Gioventu The Province Dear Tony:  We would like to share a recent decision made by our council that seemed appropriate at the time.  Given the bylaws…

Housing affordability worsened again in Q2 says National Bank

2018-09-05

Vancouver a tough market for first-time buyers Steve Randall REP Canada’s potential first-time homebuyers saw no relief in the second quarter of 2018. National Bank’s Affordability Monitor published Tuesday reveals a continued w…

Vancouver short-term rental listings nearly halve as new rules take effect

2018-09-05

Airbnb deactivates more than 2,400 listings in Vancouver Jessica Kerr Western Investor The number of short-term rentals in Vancouver is down by almost 50 per cent since the city’s regulations went into full effect Sept. 1. When the ci…

Vancouver Real Estate Is Starting To Look Like A Disaster

2018-09-05

In some areas, detached home prices may have fallen as much as 30 per cent Daniel Tencer other Not long ago, it would have been hard to imagine a time when Vancouver's real estate market was so quiet you could hear the crickets chirp. Yet h…

Bank of Canada makes interest rate announcement

2018-09-05

The central bank kept the benchmark at 1.5 per cent Andy Blatchford Canadian Real Estate Wealth The Bank of Canada's decision to leave its interest rate unchanged Wednesday could be just a brief pause that comes as it carefully follows the …

Passive real estate helps 'not exchange time for money'

2018-09-05

Using passive income to free time Neil Sharma Canadian Real Estate Wealth Many real estate investors begin with dreams of using passive income to free time and enjoy their lives, but few realize that outcome. That isn’t the case for N…

Toronto's recent price slowdown might have impelled higher vacancy

2018-09-05

Approximately 28% of GTA properties listed for sale through Toronto?s MLS are empty Ephraim Vecina Canadian Real Estate Wealth A recent slackening in the rate of price growth among Toronto’s residential properties might have led to gr…

Broadway Subway officially approved

2018-09-04

City extends thanks to residents, businesses, and government partners for their support for much-needed rapid transit extension other Following the federal and provincial government’s official announcement of full funding for the Broa…

Canada Revenue Agency recruited to help fight mortgage fraud

2018-09-04

Lenders would have direct access to an applicant?s tax data for the first time in Canada Frank O'Brien Western Investor Canada Mortgage and Housing Corp. (CMHC) is considering calling in the Canada Revenue Agency (CRA) to battle an increase…

Welcome to Boom Town Halifax

2018-09-04

Halifax homeownership is affordable Neil Sharma Mortgage Broker News Much has been said about languid markets in Toronto and Vancouver, however, Halifax is in the midst of a boom. According to Clinton Wilkins of Centum Home Lenders Ltd. a m…

What is going to happen to the Canadian economy and rates as a result of uncertain discussions between Trump & Trudeau?

2018-09-04

What is going to happen to the Canadian economy David Ford & the IWANTTOOWN Team other The Bank of Canada has another rate decision this week Wednesday to discuss the current economic outlook as well as make any announcements regarding thei…