Real Estate News & Articles

Is the impact of the stress test starting to fade?

2018-08-16

CREA says Toronto less affected by stress test Steve Randall Canadian Real Estate Wealth National home sales improved in July with a 1.9% rise in sales compared to the previous month. CREA says that although sales have been trending higher …

Ask plenty of questions about new fee schedules

2018-08-16

Ask questions about new fee schedules Tony Gioventu The Province Dear Tony: Our property manager has recently sent to all its clients an addendum that they wanted signed. I believe this is of concern to all strata councils as it can cause a…

Park West at Lions Gate 1633 Capilano Road North Vancouver 258 one, two and three bedroom condos by Keltic Development

2018-08-16

North Vancouver condos designed to provide occupants with a sense of peace and privacy Mary Frances Hill The Vancouver Sun Park West at Lions Gate Where:  Capilano Road and Marine Drive, North Vancouver What:  258 one-, two- and t…

There were fewer new mortgages in 2017 CMHC data shows

2018-08-15

Mortgage with new lenders down in Vancouver Steve Randall REP There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. The corporation says that it looked at new mort…

Metro Vancouver real estate prices are 65% overvalued: Economist

2018-08-15

Global index rates Canada as third most overvalued country for home prices Joannah Connolly Western Investor Metro Vancouver real estate is valued at 65 per cent higher than it should be, based on local incomes, according to a new global ho…

Squamish waterfront development moving forward

2018-08-15

Reconfigured development partnership hopes to begin construction of waterfront park by late summer 2019 Jennifer Thuncher Western Investor To the naked eye, not a lot has happened down at the Squamish oceanfront lands since it was bought ba…

Should B.C. follow New Zealand?s foreign buyer ban?

2018-08-15

New Zealand government has imposed a ban on non-resident buyers Joannah Connolly Western Investor New Zealand’s Prime Minister, Jacinda Ardern , is fulfilling her early promise to tackle the country’s soaring property prices. Ar…

Mortgage regs are still punishing BC real estate

2018-08-14

Stress Test limiting first time buyers Steve Randall Canadian Real Estate Wealth Home sales in British Columbia were down 23.9% in July compared to a year earlier. Data from the British Columbia Real Estate Association shows that there were…

Inside a REALTOR owned product that provides true efficiency

2018-08-13

Digital services that create true efficiency REP When The Canadian Real Estate Association (CREA) was designing the latest update to its CREA WEBForms®, it had one fundamental aim: to make life easier for its 120,000 members. CREA WEBFo…

Condo segment should brace for over a million boomers - report

2018-08-13

Boomers looking at buying homes Ephraim Vecina REP The newly released Royal LePage Boomer Trends Survey reported that approximately 1.4 million Canadian baby boomers (those born between 1946 and 1964) have indicated a desire to purchase a h…

Boomers slated to enter market en masse; here's what they'll buy

2018-08-13

Latest report suggests boomers flooding the market Neil Sharma REP A new report from Royal LePage suggests the real estate market is going to get crowded in about five years’ time. According to the The Royal LePage Boomer Trends Surve…

Summer Home Sales Slow to a Simmer

2018-08-13

MLS sales across BC fall BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per c…

People love Canada which could mean higher interest rates

2018-08-13

Housing demand from new Canadians could have an impact on purchases Steve Randall Canadian Real Estate Wealth Last year, a record 380,000 people moved to Canada, outpacing the federal government’s immigration target of 300,000 per yea…

Remediating Homes Used in Drug Operations

2018-08-13

Cannabis grown in residential homes could cause problems BCREA On October 17, non-medicinal cannabis will be legalized. In addition to establishing regulated distribution networks, the federal legislation allows individuals to legally culti…

B.C. residential resales off the boil but prices remain hot

2018-08-13

Home sales lull means ?more choice for consumers? ? but only one board registers an annual price drop Joannah Connolly Western Investor Whether it was the intended consequence or not, Canada’s tough new mortgage qualification rules ha…

Marigold 7874 Lochside Drive Saanich 38 condos, 9 townhouses and 8 duplexes by Marigold Lands Ltd

2018-08-11

Marigold: Saanich Peninsula location 'an opportunity to do something really special' Michael Bernard The Vancouver Sun Marigold, Saanich, B.C. Project Address: 7874 Lochside Dr., Saanich, B.C. Project Scope: A total of 55 residences, 38 con…

Dwell24 2565 Runnel Drive Coquitlam 24 townhomes with three to four bedrooms by Epix Development

2018-08-11

At Coquitlam?s Dwell24, it?s all in the details Simon Briault The Vancouver Sun Dwell24 Project location: 2565 Runnel Drive, Coquitlam Project size: 24 townhomes with either three or four bedrooms ranging in size from 1,323 to 1,638 square …

Multi-family housing starts drag overall rate lower

2018-08-10

Housing starts eased in July Steve Randall Canadian Real Estate Wealth Housing starts eased in July as the multi-family sector pulled back from near-record highs in the previous month. CMHC data reveals a trend of 219,988 starts in July, do…

Stand by for a boomers homebuying boom

2018-08-09

In the coming years 1.4 million boomers are expected to sell and buy real estate between now and 2023 Steve Randall REP Baby boomers are set to play a key role in Canada’s housing market as they plan to buy but consider their current …

CMHC says slowdown in housing starts in July

2018-08-09

Construction starts dip Canadian Real Estate Wealth Canada Mortgage and Housing Corp. says there was a slowdown in housing construction starts in July, following a near-record high in the previous month. The federal Crown corporation says t…

Majority rules when making council decisions

2018-08-09

Property manager is overstepping boundaries ? it's time for strata council to take control and require all decisions at council meetings are conducted by majority vote Tony Gioventu The Province Dear Tony: We have a situation in our strata …

Luxia at Yorkson 138 three bedroom townhouses at 7947 209th Street Langley by Isle of Mann and Pollyco Group

2018-08-09

At Luxia at Yorkson, high-quality finishes elevate decor Mary Frances Hill The Province Luxia at Yorkson What:  138 three-bedroom townhouses Where:  7947 209th Street, Langley Developer and builder: Isle of Mann and Pollyco Group …

World's largest rent rises for Vancouver industrial

2018-08-08

Vancouver?s industrial & logistics leasing rates increased 29.1% this year Steve Randall REP Owners of industrial real estate in Vancouver are enjoying a surging market right now and the sector has posted the largest rent rises in the w…

Vancouver mortgage defaults plunge as home prices increase

2018-08-08

Delinquency rate in Vancouver near historical low as Ottawa tightens mortgage access Frank O'Brien Western Investor The federal government’s mortgage stress test was expanded in January in a bid to protect homeowners from becoming ove…