Real Estate News & Articles

Chinese inquired about US$1.45B worth of Canadian properties last year: Juwai

2018-07-05

Chinese interest in Vancouver property slipping Mortgage Broker News A website for buyers of overseas properties says Chinese nationals expressed interest in about US$1.45 billion worth of Canadian properties last year, with interest in Tor…

Detached homes entering buyers' market in Vancouver

2018-07-05

Vancouver detached homes a buyers' market Steve Randall The Vancouver Sun Buyers looking for detached homes in Metro Vancouver have more choice as sales weakened again in June. Detached home sales fell 42% to 766 and the Real Estate Board o…

An RBC report says housing affordability in Canada worsened

2018-07-05

RBC sounds alarm Canadian Real Estate Wealth An RBC report says housing affordability in Canada worsened in the first quarter, ending a one-quarter reprieve, the first in two and a half years. The proportion of median pre-tax household inco…

Money laundering draws ire of political class

2018-07-05

David Eby focused on monetary transactions Canadian Real Estate Wealth British Columbia Attorney General David Eby says terms of reference are being discussed as the province moves ahead with the second phase of its battle against money lau…

George 3010 St. George Street Port Moody 179 condos and 73 townhomes by Marcon

2018-07-05

New-home project, George, in Port Moody is artistic and elegant, while pushing boundaries Mary Frances Hill The Province George What:  179 condos and 73 townhomes Where:  3010 St. George Street, Port Moody Residence sizes and…

Vancouver real estate - Supply of homes for sale hits three-year high

2018-07-05

Supply of homes for sale hits three-year high The Province The supply of homes in Metro Vancouver’s real estate market hit a three-year high as sales dipped below historical averages last month. The Real Estate Board of Greater Vancou…

Don't delay when pests invade

2018-07-04

Infestations best handled by strata corporation Tony Gioventu Times Colonist Dear Tony: We are a small 18-unit low-rise building in the Greater Victoria area. Two owners have reported they have chronic problems with mice in their units. One…

Housing affordability reaches crisis level in Vancouver, says RBC report

2018-07-04

About 87 per cent of income needed to cover expenses in Vancouver, setting new high: Report Ross Marowits The Province Housing affordability in Greater Vancouver reached a "crisis level" in the first quarter, with additional interest r…

Engel & Volkers reveals Chinese buyers' checklists

2018-07-04

Feng shui important for Chinese buyers Neil Sharma Canadian Real Estate Wealth Predominantly Chinese foreign buyers have stringent checklists for Canadian properties, whether they intend to live in them or not. “Feng shui is tied into…

British real estate disruptor heads to Canada

2018-07-03

Purple Bricks has agreed to acquire a commission-free network Steve Randall Mortgage Broker News A real estate brokerage firm which has already launched in the UK, Australia and the US, is coming to Canada. Purple Bricks has agreed to acqui…

Real estate linked to B.C. opioid crisis

2018-07-03

Laundered money from illegal drugs used to bye real estate Mortgage Broker News Money-laundering operations through casinos are tied to British Columbia's opioid crisis and the real-estate market, the attorney general said Wednesday as he r…

How Land Transfer Tax Impacts Home Affordability Across Canada

2018-07-03

Best and Worst Canadian Cities for Land Transfer Taxes Penelope Graham other Depending on the market you live in, land transfer tax is either a reviled financial burden or a small addition to your closing cost bill; while every pr…

Frank Polzler and Walter Schneider: The men who saved Re/Max

2018-07-03

Susan Doran REM As recipients of the Re/Max organization’s inaugural Founders Award, Frank Polzler and Walter Schneider have reached the Re/Max world’s accolade summit. “We’re breathing very thin air,” says Sch…

Rate hike likely this month but then a pause?

2018-07-02

Higher mortgage rates coming Steve Randall Canadian Real Estate Wealth The Bank of Canada will meet to decide on its latest move on interest rates next week and many are expecting an increase. But once July’s hike is done, things beco…

Nearly half of Vancouver home purchasers are overshooting their home buying budget

2018-07-01

Vancouverites stretching budget to buy their home Kerrisa Wilson other Vancouver is the most expensive city for residential real estate in the country and it’s forcing the city’s homebuyers to stretch their budgets to purchase h…

Urbana 55 homes at 1770 Richter Street Kelowna by Mission Group

2018-06-30

Urbana the final phase of Kelowna project Michael Bernard The Vancouver Sun Pitt Meadows realtor Sonny Mann was so impressed with Mission Group’s Urbana in Kelowna that he jumped in and bought a home for his family, sight unseen. Then…

Haven 45 townhomes at 2560 Pitt River Road Port Coquitlam by Boffo Properties

2018-06-30

Boffo Properties' Haven townhome project to take its place in Port Coquitlam Simon Briault The Vancouver Sun Boffo Properties? Haven townhomes in Port Coquitlam will include large decks, two-car garages, and either three or four bedrooms wi…

Homebuyers overestimate impact of foreign investors

2018-06-28

Homeowners in Vancouver and Toronto believe foreign investors driving up home prices Steve Randall Mortgage Broker News Homeowners in Vancouver and Toronto believe that foreign investors are driving up home prices but that isn’t backe…

Bidding wars increasingly prevalent in Toronto, Vancouver

2018-06-28

Over half of buyers encountered bidding wars Ephraim Vecina Mortgage Broker News The newest Housing Market Insight (HMI) released by Canada Mortgage and Housing Corporation (CMHC) reported that over half of buyers encountered bidding wars i…

Juwai issues conditions forecast for Chinese buyers

2018-06-28

The world will see fewer new foreign buyer restrictions Neil Sharma Mortgage Broker News According to a report compiled by Juwai.com—arguably the most vast real estate data base catering in the world catering specifically to Chinese b…

Zillow to include Canadian listings after partnering with Century 21

2018-06-28

The US-based real estate listing website Zillow will display Canadian listings REBGV other The US-based real estate listing website Zillow will display Canadian listings by the end of the year after signing a partnership deal with Century 2…

Courtenay 3101 Burfield Place West Vancouver 39 homes in this 7 storey complex by British Pacific Properties

2018-06-28

Stellar outlooks will be on offer at British Pacific Properties? Courtenay Mary Frances Hill The Province Courtenay What: 39 residences in the Mulgrave Park neighbourhood of West Vancouver Where: 3101 Burfield Place, West Vancouver Develope…

Many alterations don't comply with building codes

2018-06-27

Strata corporation bylaws, agreements will influence outcome of disputes Tony Gioventu Times Colonist Dear Tony: I am a realtor in Vancouver and have helped many owners buy and sell condos over the years. One of the chronic problems we enco…

B.C., federal governments sign 10-year deal worth nearly $1bln

2018-06-27

Governments to build new affordable housing REP The British Columbia government has signed a deal with Ottawa that will see nearly a billion dollars injected into affordable housing across the province over the next decade. The provincial a…