Real Estate News & Articles

Burnaby council the first to use new legislation aimed at developers

2018-07-24

New rental zoning laws implemented by Burnaby REP The City of Burnaby says it will be the first in British Columbia to take advantage of the province's new rental zoning laws. The city says in a news release that it will begin implementatio…

City approves 400-foot tower that partially blocks North Shore mountain views

2018-07-24

Tale of the tower: mountain view versus rentals Mike Howell Vancouver Courier What began as a debate at city hall Tuesday about a proposed 400-foot tower intruding on views of the North Shore mountains turned into a political battle over th…

Steep development application fee hikes to go before council

2018-07-24

Development industry ?conditionally? backs increases if they result in shorter permitting processes Joannah Connolly Western Investor A series of steep development and rezoning application fee increases recommended by City staff will go bef…

City of Vancouver approves Jericho Lands planning policy

2018-07-24

Jericho lands Planning work expected to start in the fall Western Investor Vancouver city council Tuesday morning approved a planning program for the future of the Jericho Lands.  “The Jericho Lands in Vancouver’s West Poin…

CMHC wants more robust income verification

2018-07-23

Revenue agency asked to verify incomes for mortgages Steve Randall Canadian Real Estate Wealth The CMHC wants the Canadian Revenue Agency to provide more robust verification of incomes stated on mortgage applications. The call comes followi…

Solution to over- and under-housed Torontonians

2018-07-23

Seniors benefit from renting out rooms to students Adina Bresge REP After her husband died, Elizabeth Hill says she would lay awake listening for bumps in the night in her eerily empty home _ so to get some shut-eye, she decided let a stran…

Industrial and residential demand spurs Fraser Valley land rush

2018-07-23

Land is ?the new gold? ? and B.C.'s Fraser Valley the motherlode Frank O'Brien Western Investor British Columbia’s Fraser Valley is in the midst of a land rush that has driven prices up three-fold in the last two years and helped make…

B.C. real estate info just got more expensive to access

2018-07-23

myLTSA service upgraded Bob Mackin other The agency that keeps track of land in British Columbia quietly made it harder to access information about who owns real estate in the province.  In a July 9 news release — ironically head…

B.C. government enhances strata corporations' powers

2018-07-22

Strata corporations's bylaws will be changed as of November 30 Canadian Real Estate Wealth Homeowners groups in British Columbia will soon be able to fine owners or residents up to $1,000 a day for defying the corporation’s bylaws on …

The Squamish lifestyle awaits at Jumar

2018-07-21

Located in the mecca of outdoor adventures, the new project from Wave Developments is just steps from the downtown core ROBIN BRUNET The Vancouver Sun Of all the natural wonders B.C. is famous for, the greatest concentration of world-class …

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

2018-07-21

Luxia at Yorkson a fit for its Langley neighbourhood Kathleen Freimond The Vancouver Sun Luxia at Yorkson Project address: 7947 209th Street Project city: Langley Developer : Isle of Mann and Pollyco Group Architect: Barnett Dembek Interior…

Metro Vancouver homebuyers face unintended consequences of mortgage stress testing rules

2018-07-21

Metro Vancouver homebuyers feeling effects of stress testing Joanne Lee-Young The Vancouver Sun In Metro Vancouver, where the gap between incomes and home values makes the region an unaffordable  outlier in North America, buyers are es…

Canadian Real Estate Sales Drop Over 11%, BC Home To Biggest Declines

2018-07-19

Canadian real estate sales are slowing in the country?s biggest markets Daniel Wong other Canadian real estate sales are slowing in the country’s biggest markets. Canadian Real Estate Association (CREA) numbers show June 2018 saw larg…

CMHC makes announcement regarding self-employed borrowers

2018-07-19

Lenders get more guidance and flexibility for the self-employed Canadian Real Estate Wealth Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage. The national housing…

Everything You Need to Know for Perfect Meta Tag SEO

2018-07-19

Jennifer Yesbeck other You spend time carefully crafting content for your readers and customers. But you must do the same for search engines. Meta tag SEO is one way to help search engine crawlers absorb, understand, and index your content …

Airbnb renters could face fines of $1000 a day in BC rule change

2018-07-19

Stratas can restrict or ban short-term rentals Steve Randall Canadian Real Estate Wealth British Columbia is taking action to curb the reduction of available rental homes caused by owners opting for the surging short-term rental market. The…

Short-term rental hosts could face massive fines

2018-07-19

Strata bylaws can restrict short-term rentals REP Homeowners groups in British Columbia will soon be able to fine owners or residents up to $1,000 a day for defying the corporation's bylaws on short-term rentals. The B.C. government says th…

Windup formula varies greatly

2018-07-19

Significant variations to windup formula Tony Gioventu The Province Dear Tony: Our strata corporation has been involved in the winding-up process for three months and we are at a stalemate with our owners. Our condo was built in 1988 and as…

Haven 45 three to four bedroom townhomes at 2560 Pitt River Road Port Coquitlam by Boffo Properties

2018-07-19

At Boffo Properties? Haven, the design is in the details Mary Frances Hill The Province Haven What:  45 townhomes with three or four bedrooms Where:  2560 Pitt River Road, Port Coquitlam Residence sizes and prices:  1,312 to …

Zillow expands direct homebuying program

2018-07-19

Zillow is further expanding its direct homebuying and selling program Ryan Smith other Zillow is further expanding its direct homebuying and selling program, the company has announced. Zillow Offers will be launched in Atlanta in the fall, …

Pre-sale condo action cools

2018-07-18

More than 580 buyers also trying to sell their contract assignments Frank O'Brien Business in Vancouver Pre-sales of new condominiums across Greater Vancouver and the Fraser Valley dropped from 91% of offerings in January to 50% as of June …

June sales hint at turning point

2018-07-18

CREA says we are still at a five-year low Neil Sharma Canadian Real Estate Wealth Home sales in the country rose 4% in June over May, and Toronto led the charge with a whopping 17% increase. According to the Canadian Real Estate Association…

Vancouver wage levels aggravating housing woes

2018-07-18

Lack of affordablilty caused by gap between wages and home prices Ephraim Vecina Canadian Real Estate Wealth The median cost of a Vancouver home currently stands at $672,000 – but while certainly elevated, it is still lower than San J…

First time buyers driving Toronto condo price gains

2018-07-18

Condominiums the choice for first time buyers Steve Randall REP Condo apartments saw an average selling price gain of 5.4% year-over-year in the second quarter of 2018. The rise took the average selling price to $561,338 while in the City o…