Real Estate News & Articles

Berkeley Village 16433 19th Avenue Surrey 183 two and three bedroom townhomes by Ikonik Homes

2018-05-17

Eclectic inspiration showcased at Berkeley Village Mary Frances Hill The Province Berkeley Village Project location: 16433 19 Ave., Surrey Project size: 183 two- and three-bedroom townhomes Residence sizes and prices: Two- and three-bedroom…

Development costs, regulations drive up Vancouver home prices 'with some of the worst performers in the world'

2018-05-16

Fees pushing up home prices: Report Cheryl Chan The Province Government regulations and development charges have driven up house prices in Metro Vancouver to the tune of $644,000 per new house, according to a new report from the C.D. Howe I…

Legalization of marijuana is spurring demand for commercial real estate

2018-05-16

New commodity about to cause valuation surge Armina Ligaya REP TORONTO _ Canada's impending legalization of marijuana is spurring demand for commercial real estate, particularly for retail shops in Alberta, where the government is selecting…

Canada to create moderately priced rental units

2018-05-16

Over 50,000 affordable units to be added to Toronto and Vancouver Ephraim Vecina Canadian Real Estate Wealth Fuelled by a booming tech industry, Toronto’s economy has produced an all-too-familiar problem: soaring housing prices beyond…

National home sales down as stress test bites

2018-05-16

Spring housing sales slowed Steve Randall Canadian Real Estate Wealth Home sales activity was lower in April as the impact of the mortgage stress tests hit the spring housing season. The Canadian Real Estate Association says that it is seei…

Vancouver reclaims title of Canada's most expensive rental market

2018-05-16

Rents have increased 8.2 per cent Kerrisa Wilson other Vancouverites spent an average of $2,100 in rent on a one-bedroom home in April, enough to make the city the priciest rental market in Canada. Vancouver reclaimed the title from Toronto…

This group is driving Canada's recreational homes market

2018-05-15

RE/MAX survey shows older buyers dominating recreational sales Steve Randall Canadian Real Estate Wealth There’s been a sharp increase in the influence of retirees and Baby Boomers on Canada’s recreational homes market. A survey…

A lender discounts five-year variable mortgage rate amid heated competition

2018-05-15

TD Bank discounting its variable mortgage rate REP TD Bank is looking to attract more homebuyers with a hefty discount to its variable mortgage rate as competition among Canada's biggest lenders heats up. The Toronto-based lender decreased …

Regulators' influence on housing market felt coast to coast

2018-05-15

Canadian home sales fell to its lowest level in five years Greg Quinn REP Canadian home sales fell to the lowest in more than five years in April, as tougher mortgage qualification rules deterred buyers. The number of homes sold last month …

Housing restrictions add hundreds of thousands to Vancouver home prices

2018-05-15

Greater Vancouver gap between building cost and market price largest in Canada Hayley Woodin Western Investor The cost of land restrictions and zoning regulations has a dollar amount, and in Greater Vancouver, it comes with five zeroes. Acc…

Boomers cashing in on high-value homes to buy vacation properties

2018-05-15

Retirees driving demand for recreational real estate Joannah Connolly Western Investor When the weather is fine, who doesn’t dream of whiling away their days in an oceanfront cabin or lakeside cottage? It certainly seems that older Ca…

Real Estate BC Announcement

2018-05-14

other Real Estate BC Announcement Our real estate brokerage industry in the province of British Columbia is being forced into a regime of regulation that in general terms will have far reaching effects. Much of which is causing a great amou…

Home price appreciation to fall 80% this year says RBC

2018-05-14

Eocomists say home resales will be weaker in 2018 Steve Randall Canadian Real Estate Wealth The national rate of home price appreciation has averaged more than 10% in the past 2 years but that’s set to change significantly. In its lat…

BC Home Sales Show Little Change in April

2018-05-14

BCREA shows a 16.8 per cent decrease from April last year BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,203 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across t…

Vancouver residents embrace "collective housing" in face of real-estate woes

2018-05-14

Collective housing where several people live together Canadian Real Estate Wealth In a city known for soaring real estate prices and low vacancies, some people in Vancouver are finding innovative ways of blending their housing and social ne…

Bordeaux 4488 Juneau Street Burnaby 140 one, two and three bedroom homes in a 23-storey tower by Solterra Group

2018-05-12

Two beautifully outfitted display homes showcase the possibilities at Solterra?s Bordeaux Kathleen Freimond The Vancouver Sun Bordeaux Project address: 4488 Juneau Street (corner Willingdon Avenue) Project City: Burnaby Developer: Solterra …

Vancouver luxury property Is North America's worst performer

2018-05-11

Luxury home prices have dropped Canadian Real Estate Wealth The party’s over for now for those sitting on Vancouver’s most expensive properties. Prices at the top end of the market plunged 7.6% in the six months to March, making…

Luxury homes are gaining value almost everywhere

2018-05-11

Luxury homes sales down, prices up Steve Randall Canadian Real Estate Wealth Canada’s luxury homes market is brushing off the headwinds of changes to housing and mortgage lending policies that have been introduced over the past year. …

Boomers or millennials: Who had it tougher in the Toronto housing market?

2018-05-11

Despite recent market softening, prices for condos, townhomes and houses for sale in Toronto remain exorbitantly expensive Penelope Graham REM The plight of the millennial Toronto home buyer has been a turbulent one; for this generation, th…

It just got harder to qualify for a mortgage

2018-05-10

Another blow for borrowers Steve Randall REP An important number that affects the ability of millions of Canadians to qualify for a mortgage has changed. The Bank of Canada has raised its conventional five-year mortgage rate from 5.14% to 5…

The Bank of Canada raised five year mortgage rate to 5.34 per cent

2018-05-10

Another blow for borrowers Armina Ligaya REP The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers' eligibility. The Bank of Canada r…

Making sense of common and limited common property

2018-05-10

Confirm installation cost before you proceed Tony Gioventu The Province Dear Tony: We put in a written request to our strata council to install a charging station for our new car and the strata council has refused to give us permission. Our…

Lily Terrace 23203 Francis Avenue For Langley 24 homes on three quarter acres by Lanstone Homes

2018-05-10

Fort Langley homes feature country look with contemporary touches Mary Frances Hill The Province   Lily Terrace Where:  23203 Francis Ave., Fort Langley What:  24 residences on a three-quarter-acre site with 17,000 square fee…

Bank of Canada Stress Test Rate Increases to 5.34%

2018-05-10

BoC five-year fixed mortgage rate increased other It just became slightly tougher to qualify for a mortgage, as Canada’s central bank just upped the rate used to stress test new borrowers. The Bank of Canada hiked its conventiona…