Real Estate News & Articles

Rising interest rates disastrous for subprime borrowers

2018-05-10

Subprime borrowers on edge Chris Fournier REP For many Canadians, higher interest rates are reason to grumble. But for the country’s 3.4 million subprime borrowers, they could spell disaster. Borrowers with impaired credit histories m…

Realtors, developers brace for sustained market downturn

2018-05-09

?Perception and fear trump fundamentals? in pre-sale condo market Frank O'Brien Western Investor High-profile real estate developers, marketing executives and real estate agents are bracing for a sustained downturn in the housing market aft…

High-end Vancouver housing shows significant price drop

2018-05-09

Vancouver luxury property cooling fast: Real estate report Cheryl Chan The Vancouver Sun It’s tough times at the top for Vancouver’s priciest homes.  Prices in the top end of residential real estate in the city have dr…

Will cooling the housing market kill jobs?

2018-05-09

What economic impact assessment has been done in terms of job impacts Victor Godin The Vancouver Sun The B.C. government coalition has made it unequivocally clear that its intention is to cool the housing market and lower sales prices. What…

Scotiabank hikes interest rate

2018-05-08

REP Scotiabank has joined its Big Five banking peers in raising its benchmark fixed-rate mortgage rate. Canada's third-biggest lender raised the posted rate for a five-year fixed-rate mortgage from 5.14 per cent to 5.34 per cent, effective …

Housing starts started to buckle according to CHMC

2018-05-08

Housing starts buckle Mortgage Broker News Canada Mortgage and Housing Corp. says the annual pace of housing starts in April slowed compared with March. The seasonally adjusted annual rate of new home construction, which is seen as a measur…

Millennials are the driving force of the real estate market

2018-05-08

Steve Randall Canadian Real Estate Wealth Canada’s millennials are focused on homebuying and their intentions are driving the real estate market. A new report from mortgage insurer Genworth Canada reveals that 59% of millennials are a…

Spring listings improved in the Fraser Valley but sales were soft

2018-05-07

April sales in the Fraser Valley were down compared to a year ago Steve Randall REP The spring home buying season in the Fraser Valley was softer in April 2018 than a year earlier. Despite a rise in inventory, the Fraser Valley Real Estate …

Community Land Trust and Vancouver Affordable Housing Agency to build affordable homes

2018-05-07

Homeownership initiative launched in Vancouver Mortgage Broker News A non-profit housing society and the City of Vancouver are working together to build more than 1,000 affordable homes on city land valued at $130 million. Community Land Tr…

MarketScore.ca provides accurate real estate valuations

2018-05-07

Digital platforms touted for accurate valuations Neil Sharma Canadian Real Estate Wealth Market Score, an online platform that provides users accurate real estate valuations, could make determining the viability of property investments a br…

Mortgage Stress Test Audio Interview on CKNW re - the market, the rules & affordability

2018-05-05

CKNW interview with Vancouver mortgage broker Mark Fidgett other CKNW interview with Vancouver mortgage broker Mark Fidgett

Crest 150 East 8th Street North Vancouver 161 condos and 18 townhomes in two six storey wood frame buildings by Adera Development

2018-05-05

Adera?s Crest takes a convenient location in North Vancouver?s Central Lonsdale Michael Bernard The Vancouver Sun Crest, North Vancouver Project Location: 150 East 8 th St., North Vancouver Project Scope: A total of 161 wood-frame condo uni…

Sellers, buyers and developers seek clarity about owing presale condo-related taxes

2018-05-05

Presale condo confusion spurs push for clarity Joanne Lee-Young The Vancouver Sun There is growing scrutiny of who is, and who is not, paying what taxes in Metro Vancouver’s presale condo market. It’s not only sellers but also d…

Safety or cash grab? Cops go high-tech to catch distracted drivers

2018-05-05

Mike Smyth The Province Bad drivers of B.C., beware. The government — and the cops — are coming to get you. And they’re loading up with more traffic-ticketing technology than British Columbia has ever seen before. Attorney…

Safety or a cash grab? B.C. goes high-tech to nab distracted drivers

2018-05-05

Province ramping up efforts to crack down on bad drivers by issuing more fines Mike Smyth The Province Bad drivers of B.C., beware. The government — and the cops — are coming to get you. And they’re loading up with more tr…

CMHC made $1.8 billion from mortgage operations in 2017

2018-05-04

CMHC saw strong growth 2017 Steve Randall REP Last year saw strong growth from the CMHC as the organization moved towards more agile ways of operating. In its annual report the corporation says that its mortgage loan insurance and securitiz…

Rental-only zones could lower land prices: Expert

2018-05-04

Rental-only zones in B.C. could result in lower land prices Linda Givetash The Province A proposal that would give cities in British Columbia the power to zone land for rental housing could moderate the price of affected properties, experts…

Vancouver sales fell 27 percent to a 17 year low

2018-05-03

Home sales lowest since recession Natalie Wong and Erik Hertzberg Canadian Real Estate Wealth Toronto home sales are off to the worst start in nine years, as tougher rules for mortgage qualifications and rising interest rates continue to pu…

Problems with air-management system could extend beyond odours

2018-05-03

Bad ventilation causes bigger problems than odours Tony Gioventu The Province Dear Tony: How do we get our strata council to keep the interior fresh-air system in our building? To save money, the owners decided last year to put the system o…

The Residences on Marine 16 two and three bedroom homes at 1347 Marine Drive West Vancouver by Atti Group

2018-05-03

Form and function showcase The Residence on Marine in West Van Mary Frances Hill The Province The Residences on Marine What: 16 two- and three-bedroom condos Where: 1347 Marine Drive, West Vancouver Residence sizes and prices: Two- and thre…

Canadian homebuyers aren't deterred by rising rates

2018-05-03

Buyers are not put off by rising interest rates, most are not taking recent mortgage regulation changes into account Steve Randall Canadian Real Estate Wealth The spring homebuying season is underway and the intentions of potential homebuye…

Cure touted for Vancouver's exorbitant land prices

2018-05-03

Zoning land for rental housing one way to regulate prices Linda Givetash Canadian Real Estate Wealth A proposal that would give cities in British Columbia the power to zone land for rental housing could moderate the price of affected proper…

TREB releases April sales numbers

2018-05-03

April sales down 32 per cent Mortgage Broker News The Toronto Real Estate Board says home sales in April were down 32.1 per cent compared with a year ago. The board says there were 7,792 homes sold through its MLS system last month compared…

B.C. mayors wary as province eyes intersection camera revenue

2018-05-03

Sharing camera cash worries mayors Randy Shore & Glenda Luymes The Vancouver Sun B.C. mayors are concerned their policing budgets could be strained if a new red-light camera revenue-sharing deal with the province leads to cuts. “That …