Real Estate News & Articles

Port Moody's Flavelle Mill masterplan a 'once-in-a-lifetime opportunity'

2018-06-20

PoMo waterfront set to transform after council adopts OCP amendment to allow redevelopment of the Flavelle mill site Mario Bartel Western Investor The redevelopment of the Flavelle mill site will change Port Moody's skyline and waterfront a…

Strata condo windups ?creative? Vancouver property investments

2018-06-19

Factors in property investment slowdown Evan Duggan Business in Vancouver The Metro Vancouver commercial property investment market is showing signs of slowing, according to a 2018 first quarter report by Altus Group. Overall investment vol…

Strata condo windups 'creative' Vancouver property investments

2018-06-19

Factors in property investment slowdown Evan Duggan Business in Vancouver The Metro Vancouver commercial property investment market is showing signs of slowing, according to a 2018 first quarter report by Altus Group. Overall investment vol…

"Real estate agents will be obsolete in a few years." claims tech chief

2018-06-19

Virtual real estate buying and selling on the way Steve Randall Canadian Real Estate Wealth The president and co-founder of a technology firm whose clients include Colliers International sees a bleak future for Canada’s real estate ag…

B.C. ski resorts free from speculation tax

2018-06-19

Ski communities' tax exemption and improving economy point to stable ? if not spectacular ' real estate sales Steven Threndyle REP Big White near Kelowna: B.C. ski resorts welcome the exemption from B.C.?s controversial tax on seasonal prop…

Could the Immigrant Investor Program save Vancouver?

2018-06-18

IIP essentially gave internationals permanent residency Neil Sharma REP Canada’s defunct Immigrant Investor Program has long been associated with foreign plundering of Canadian real estate, and believed to have exacerbated unaffordabi…

Vancouver officials push for vertical expansion to increase liveable space

2018-06-18

City planners are shooting for rental-only zoning and affordable home ownership Ephraim Vecina Canadian Real Estate Wealth This week, Vancouver city staff are slated to push new measures that would ensure greater liveable density in the mar…

Dual agency rules will disrupt housing market, real estate agents claim

2018-06-18

Realtors concerned about government's definition of what constitutes a conflict of interest Frank O'Brien Western Investor A new real estate regulation came into force this week that British Columbia real estate agents say will take away th…

GEORGE 2010 St. George Street Port Moody 173 condos and 73 townhomes by Marcon Developments

2018-06-16

GEORGE trades on livability and value Simon Briault The Vancouver Sun GEORGE Project location: 3010 St. George Street, Port Moody Project size: 173 condos and 73 townhomes with one to three bedrooms; 657 to 1,292 square feet; condos startin…

CREA cuts home sales forecast, May sales down 16.2% compared with year ago

2018-06-16

CREA cuts home sales forecast as May sales reach 7-year low The Vancouver Sun The Canadian Real Estate Association is now expecting an even bigger decline in home sales this year as the latest statistics showed the crucial spring homebuying…

What does blockchain technology mean for real estate in Canada?

2018-06-15

Blockchain, a secure digital record keeping Ian Martin REP Blockchain technology is popping up everywhere and rightfully so. From start-up venture to public blue-chip companies, vast resources are being channeled toward implementing a block…

AMENDED: New Rules to Profoundly Change How REALTORS? Work With Consumers

2018-06-15

New Rules to Profoundly Change How REALTORS? Work With Consumers BCREA On June 15, 2018, changes to Rules under the Real Estate Services Act that dictate how REALTORS® work with consumers will come into effect. The Rules, mandated by th…

New Rules to Profoundly Change How REALTORS Work With Consumers

2018-06-14

Dual agency is coming to an end BCREA On June 15, 2018, changes to Rules under the Real Estate Services Act that dictate how REALTORS® work with consumers will come into effect. The Rules, mandated by the Office of the Superintendent of…

Canadian home prices have stabilized index shows

2018-06-14

The Teranet-National Bank National Composite House Price Index has confirmed stabilization Steve Randall Canadian Real Estate Wealth A national measure of home price variations has confirmed stabilization following a downward trend through …

Contract outcomes start with purchasing process

2018-06-14

Diligence is required by stratas before entering into a construction contract Tony Gioventu The Province Dear Tony: Our strata council has dragged our owners into trouble over a roofing contract that has gone poorly. There have been endless…

Coco Oakridge 5733 Alberta Street fiftyseven 1 to 3 bedroom homes by Keltic Canada Development

2018-06-14

Coco Oakridge to take its place in a revitalized Vancouver neighbourhood Mary Frances Hill The Province Coco Oakridge What: 57 one- to three-bedroom homes Where: 5733 Alberta Street Residence sizes and prices : One to three bedrooms, 520 to…

Realtor ban on 'double ending' comes into force

2018-06-14

The ban on B.C. real estate agents "double ending" comes into force Friday June 15 Joannah Connolly Western Investor Strict rules in B.C. starting Friday June 15 to give buyers, sellers more transparency The ban on B.C. real estate agents "…

Toronto getting new skyscraper

2018-06-13

46-storey office tower coming to Toronto Canadian Real Estate Wealth Cadillac Fairview and the Investment Management Corporation of Ontario will build a 46-storey office tower in Toronto that will become the new home of the Ontario Teachers…

Speculation tax doomed, hurts B.C. reputation: panel

2018-06-13

Politicians from left and right at Victoria event say new tax is helping destroy province's reputation as a place to do business Richard Watts Western Investor The B.C. speculation tax will fail in its aim to improve housing supply and is h…

Brick and mortar realty brokerages turning into relics, says agent

2018-06-13

It?s only a matter of time before the real estate market goes digital Neil Sharma REP Retail stores have been hard hit by online shopping, and according to one sales representative, it’s only a matter of time before real estate follow…

Private lending becomes new normal

2018-06-12

Private lenders double their share of mortgages Neil Sharma Mortgage Broker News Private lenders have doubled their share of Canadian mortgages since 2015. A Better Dwelling report revealed that private lenders originated over $2bln last ye…

IMF warns of multiple risks to Canadian real estate prices

2018-06-12

The International Monetary Fund sends warning Ephraim Vecina Mortgage Broker News While the Canadian real estate market remains vigorous in large part due to robust market activity (especially in the higher-end segments), the International …

Did the market kill millennial home ownership?

2018-06-12

Millennials being priced out of the real estate market Ephraim Vecina Mortgage Broker News A potent cocktail of unabated real estate price increases, ever-tighter regulations, and stagnant income growth has thrust Canada’s hopeful mil…

Housing starts decline as urban multi-family spike ends

2018-06-11

CMHC reports housing starts down in May Steve Randall Canadian Real Estate Wealth Canadian housing starts declined in May as overall multi-family construction in urban areas weakened. CMHC’s 6-month moving average shows 216,362 starts…