Real Estate News & Articles

American firm could alleviate turbulence in Canadian real estate market

2018-06-11

Zillow partnering with Century 21 Neil Sharma REP Zillow, the American real estate database giant, is finally coming to Canada. Long rumoured but with sparse details, Zillow’s entry into the Canadian market will come by way of Century…

Anti-money laundering obligations for real estate brokers

2018-06-11

Canadian real estate is a high-risk area for money laundering Paul Pimentel REM With media reports and international policy-making bodies pointing to Canadian real estate as a high-risk area for money laundering, and the promise of increase…

Courtenay 3101 Burfield Place West Vancouver 39 homes in a 7 storey building by British Pacific Properties

2018-06-09

Spectacular outlooks will be on offer at British Pacific Properties? Courtenay in West Vancouver Kathleen Freimond The Vancouver Sun Project:  Courtenay Project address: 3101 Burfield Place Project city: West Vancouver Developer: Briti…

Affordability remains an ever-distant dream for Vancouver's would-be buyers

2018-06-08

Sales volume below 10 year average Ephraim Vecina Canadian Real Estate Wealth The latest numbers from the Real Estate Board of Greater Vancouver showed that sales volume now stood considerably below the 10-year average – but those who…

Stratas required to have a form of rental inventory

2018-06-07

Rental numbers on buildings are available Tony Gioventu The Province Dear Tony:  We are looking to purchase a unit in Vancouver. Several of the buildings constructed since 2010 prohibit rental bylaws, but when we requested a count on t…

1555 West Eighth the 20 three bedroom homes are at 1555 West 8th Avenue Vancouver by Kenstone Properties

2018-06-07

Display space at 1555 West Eighth uses colourful artwork and bright fabrics to give the look of a well-loved home Mary Frances Hill The Province 1555 West Eighth, Vancouver Project Address:  1555 West 8 th  Ave., Vancouver. Fiftee…

Royal LePage forecasts vacation property prices

2018-06-07

By October recreational homes in BC expected to drop 2.8 per cent Canadian Real Estate Wealth British Columbia's new speculation tax on out-of-province buyers will likely convince a wave of owners to sell their vacation properties, pushing …

Bank of Canada identifies key risks to financial system

2018-06-07

Consumer indebtedness a concern for BoC Craig Wong Canadian Real Estate Wealth OTTAWA _ Canada's housing market and high levels of consumer indebtedness remain the top vulnerabilities for the financial system, but both have shown signs of e…

Pressure eases for Fraser Valley homebuyers

2018-06-06

Inventory up and sales are down Steve Randall Canadian Real Estate Wealth Homebuyers in the Fraser Valley region are able to shop for their dream home a little more comfortably as inventory rises. But the increased choice comes as sales con…

Expanded property taxes can offset B.C. home price growth - analyst

2018-06-06

Vancouver property Tax half that of Toronto Ephraim Vecina REP With Vancouver having the lowest property tax rates nationwide, it’s high time for the provincial government to impose higher real estate taxes to offset outsized price gr…

Supply improving in Vancouver but for the wrong reason

2018-06-05

Sales down, inventory up Steve Randall Mortgage Broker News There was a further slump in home sales in Metro Vancouver last month with a 35.1% drop to 2,833. Real Estate Board of Greater Vancouver says that sales were up from April (by 9.8%…

Vancouver home sales figures for May released

2018-06-05

May sales released Canadian Real Estate Wealth Home sales across Metro Vancouver tumbled last month, when compared with May 2017 and the Real Estate Board of Greater Vancouver says that raises the potential of lower prices for some types of…

Sales down again in Toronto as competition intensifies

2018-06-05

Toronto sales slower than in previous three months Steve Randall REP Toronto Real Estate Board says that total sales were down 22.2% in May compared to a year earlier; and the 7,834 homes sold meant little change from sales in April. But, s…

Vancouver home sales figures for May released

2018-06-05

Metro Vancouver sales down from last year REP Home sales across Metro Vancouver tumbled last month, when compared with May 2017 and the Real Estate Board of Greater Vancouver says that raises the potential of lower prices for some types of …

Greater Vancouver home sales slow in May 2018 as real estate listings increase

2018-06-05

Home sales across Greater Vancouver slow down in May Stephanie Ip The Province If you like having options, now’s the time to browse some real estate. Home sales in May across Greater Vancouver dropped by 35.1 per cent compared to the …

Real Estate market news - Significant slowdown in Vancouver and Toronto

2018-06-05

Real estate market continues to cool in GTA and Vancouver other 680 NEWS senior business editor Mike Eppel with the day’s top business headlines. © 1996-2018 Rogers Media.

TREB releases May sales figures

2018-06-04

Toronto Real Estate Sales Figures Tara Deschamps Canadian Real Estate Wealth TORONTO _ Prospective buyers are still hesitating to wade into the Greater Toronto Area housing market, pushing May home sales in the region down by 22.2 per cent …

8888 Osler at 8888 Osler Street Vancouver 76 homes in a 6 storey building by Tria Homes

2018-06-02

Tria Homes to be part of Marpole's revitalization Simon Briault The Vancouver Sun 8888 Osler Project location : 8888 Osler Street, Vancouver Project size: 76 homes, studios and 1-3 bedrooms, 431 to 1,101 square feet, prices starting in the …

Bellewood Park 1201 Fort St, 150 Pentreelew Place Victoria 83 homes by Abstract Developments

2018-06-02

Bellewood Park a merging of country and city Nikki Renshaw The Vancouver Sun Bellewood Park Address: 1201 Fort St, 1050 Pentrelew Place, Victoria Developer: Abstract Developments Architect: Cascadia Architects (condos) Zebra Group (townhome…

Renovation spending plans fall to 5-year low

2018-06-01

Steve Randall Mortgage Broker News Almost half of Canadian homeowners are planning some renovation work on their homes this year but their intentions are focused on repairs and maintenance. Spending is set to be 7% lower in 2018 than last y…

U.S. steel tariffs threaten Canadian condo markets

2018-06-01

Neil Sharma REP The U.S. government yesterday announced that it is slapping tariffs on Canadian aluminum and steel, and that could be disastrous for Canada’s condominium markets. “What’s going to happen is, depending on if…

BC's housing market will continue its slowdown into 2020: BCREA

2018-06-01

BC will see a decline in home sales through 2020 Kerrisa Wilson other As BC’s economy slows down over the next two years, its housing market will also ease and will be marked by declining home sales into 2020. This year, residential s…

B.C. resale prices predicted to keep climbing - at a slower rate

2018-06-01

Residential sales set to slow further this year but recover next year, with no drop in average prices, forecasts BCREA Joannah Connolly Western Investor Home sales across the province may be soft so far this year compared with the last coup…

Vancouver proposes $2.6 billion capital plan, with 55 per cent paid by development contributions

2018-06-01

Developers to pay most of the cost of Vancouver?s $2.6b capital plan Joanne Lee-Young The Province The City of Vancouver is presenting a plan of spending for the next four years and tucked into the fine print of a draft is a sharp increase …