Real Estate News & Articles

B.C. speculation tax will hurt communities, says CEO of Luxury Resorts West

2018-07-18

Owners of resort properties affected by speculation tax Don Procter REM B.C.’s proposed speculation tax for owners of resort properties is well intended but if it goes ahead in its current framework it could hurt tourist-reliant commu…

Developer's dreams of residential community on hold

2018-07-18

Concord Pacific fights Porteau Cove mining permits in BC Supreme Court Darryl Greer Western Investor Artist?s rendering of planned housing at Porteau Cove. Developer Concord Pacific is fighting a masonry company?s permit to cut granite in t…

Province cracks down on vacation rentals in condos

2018-07-18

Regulatory change will help strata corporations enforce bans or restrictions on short-term rentals, and raises fines to $1,000 a day Joannah Connolly Western Investor Owners and investors who rent out their condos on platforms such as Airbn…

Canada home sales fall to 5-year low in June

2018-07-17

CREA says June sales down 10.7% compared to a year ago Mortgage Broker News Earlier this week, the Canadian Real Estate Association (CREA) said that sales in June were up 4.1% compared with May, marking what the board described as the first…

National sales are up with one notable exception

2018-07-17

The Lower Mainland had a notable decline in sales Steve Randall REP National home sales increased in June compared to May according to new data from the Canadian Real Estate Association. The 4.1% rise in national home sales resulted from in…

Most B.C. real estate markets now 'back in balanced conditions'

2018-07-17

Annual drop in home sales and corresponding rise in listings are pulling on average resale prices Joannah Connolly Western Investor Year-over-year declines in home sales across the province, combined with a jump in listings inventory, have …

Will Zillow's arrival in Canada disrupt the real estate industry?

2018-07-17

Real estate listing website partnered with Canadian company Christopher Alexander REM U.S. real estate listing website Zillow has arrived north of the border. Zillow broke the news with the announcement of its partnership with a well-known …

High-density condo project pitched for busy Delta corridor

2018-07-17

Rezoning application has been submitted for a property located next to the vacant North Delta Inn site Sandor Gyarmati Western Investor Another high-density residential development is being pitched for the Scott Road corridor, but not a sky…

In 5 years, you won't recognize this industry

2018-07-16

Phil Soper REM The pace of change we live with can be mind numbing, yet things will never move this slowly again. Technological innovation is often the catalyst, yet the reason the future is so hard to predict is that it is heavily influenc…

Stress test impact still being felt across BC

2018-07-16

Home sales continue to show weakeded demand Steve Randall REP Home sales in British Columbia continue to show weakened demand following the introduction of tighter mortgage rules earlier this year. There were 7,884 residential unit sales re…

BC housing markets return to balanced territory thanks to softer demand

2018-07-15

Housing demand in British Columbia continued to soften in June Kerrisa Wilson other As a result of the stricter mortgage regulations that rolled out nationwide six months ago, housing demand in British Columbia continued to soften in June, …

Torino 8699 Hazelbridge Way Richmond 405 homes, 185 in first tower, by Pinnacle International

2018-07-14

Pinnacle International?s Torino to take its place in Richmond?s Capstan Village Simon Briault The Vancouver Sun Torino Project location: 8699 Hazelbridge Way, Richmond Project size: 405 homes (185 in first tower); Homes in Torino South rang…

Belmont Residences 960 Division Avenue Langford 80 homes in a 5-storey building by Ledcor Property Development

2018-07-14

Belmont Residences to take its place in an evolving Langford Michael Bernard The Vancouver Sun Michael Bernard Updated: July 14, 2018 The sun Belmont Residences, Langford Project Location : 960 Division Ave., Langford Project scope:  8…

Fern Grove 34 single family homes at 24012 127B Avenue Maple Ridge by Epic Homes

2018-07-12

It's all in the details at Fern Grove Mary Frances Hill The Province Fern Grove Where:  24012 127B Ave. (128 th  and Fern Crescent), Maple Ridge What:  34 single-family Craftsman-style homes on lots ranging from 3,732 to 8,00…

Location key in winding up a strata

2018-07-12

The location of the property is critical in the sale of a strata corporation Tony Gioventu The Province Dear Tony: Our strata council was approached by a developer interested in purchasing our property outright. They came to a council meeti…

Bank of Canada makes highly anticipated interest rate announcement

2018-07-11

BOC lifted interest rate from 1.25 to 1.5 per cent Andy Blatchford Mortgage Broker News OTTAWA _ The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even b…

35-storey, mixed-tower in 1261 Hornby Street, Vancouver

2018-07-11

Third tower proposed for Burrard Place in downtown Vancouver Kenneth Chan Livabl Artistic rendering of Tower C of Burrard Place at 1261 Hornby Street, Vancouver. (IBI Group Architects / Reliance Properties) Reliance Properties is moving for…

30-year high housing starts could signal return to prosperous market

2018-07-10

Canadian housing starts surged in June by Theophilos Argitis and Greg Quinn REP Canadian housing starts surged in June to one of the highest levels over the past decade, driven by new condominium developments in Toronto that reached a 30-ye…

Purplebricks purchases DuProprio/ComFree

2018-07-09

Online estate agent buys flat-fee real estate service in Canada REM Purplebricks, an online estate agent based in London, England, has acquired the DuProprio/ComFree Network from Yellow Pages Digital & Media Solutions Limited. The deal …

Vancouver housing sales drop as prices flatline

2018-07-07

Home prices remain the same as few buyers looking Brent Jang The Globe and Mail Home sales in the Vancouver region have tumbled to their lowest level in six years while prices flatline, with listings languishing on the market. There have be…

The Crestline 1422 Portage Road Pemberton 36 townhomes and garden apartments by Alture Properties

2018-07-07

The Crestline has eyes focused on Pemberton Michael Bernard The Vancouver Sun The Crestline Project address: 1422 Portage Rd., Pemberton Project scope: Located about two hours north of Vancouver, 36 townhouse and garden apartments ranging f…

Linea 236 homes at 13318 104 Avenue Surrey by Rize Developments

2018-07-07

Rize?s Linea sure to be a standout in Surrey City Centre Simon Briault The Vancouver Sun Linea Project location: 13318 104 Ave, Surrey Project size: 236 homes ranging in size from 474 to 1,491 square feet. Prices start from the high $300,00…

Vancouver housing sales drop as prices flatline

2018-07-07

Home prices remain the same as few buyers looking Brent Jang The Globe and Mail Home sales in the Vancouver region have tumbled to their lowest level in six years while prices flatline, with listings languishing on the market. There have be…

Pricey Vancouver market weakens with buyers on sidelines

2018-07-05

Sales down 14 percent in June Mortgage Broker News Vancouver’s housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers. Sales were down 14% compared with May, the first monthly decli…