Real Estate News & Articles

Leasing real estate for a franchise: location remains vital

2018-05-03

One thing both independent and franchise businesses have in common is that success can depend greatly on location Ken Wither The Vancouver Sun Franchises are a popular option for new and veteran business owners. They are an attractive inves…

Fewer foreign buyers in Coquitlam after property tax hike

2018-05-02

Numbers now negligible after blip in February real estate sales to foreign buyers other More foreign buyers jumped into the Coquitlam housing market in February in anticipation of the provincial government’s hike to property transfer …

Phase 3 of Cambie Corridor approved

2018-05-02

Rezoning for higher-density could mean windfall for 1,700 detached house owners Frank O'Brien Western Investor More than 1,700 owners of detached housing lots in Vancouver’s Cambie Corridor could have their property rezoned for multi-…

Metro Vancouver home sales hit a 17-year April low.

2018-05-02

Here are 11 facts that illustrate the market?s slowdown Kerrisa Wilson other Following the implementation of stricter mortgage rules in January 2018, Metro Vancouver home sales continued to soften in April, while listings increased. A total…

Credit has increased but at a slower rate

2018-05-02

Canadians remain afloat, for now Neil Sharma Mortgage Broker News While outstanding consumer debt continues its staggering ascent, the diminution in delinquency rates may help some rest easy. However, according to CMHC’s Mortgage and …

Vancouver condo market inflamed further by flippers

2018-05-02

Investigation finds REALTORS buying presale condos to flip Ephraim Vecina Mortgage Broker News Under-the-table transactions between developers, speculators, and a secretive faction of real estate professionals are playing a major role in th…

British Columbia Real Estate Association Board of Directors 2018-2019

2018-05-02

James Palanio Leads Provincial Real Estate Organization BCREA The British Columbia Real Estate Association (BCREA) is pleased to announce that Penticton REALTOR® James Palanio has been elected as its 2018-2019 President. "I'm very pleas…

Mortgage growth has fallen to the lowest in nearly two decades

2018-05-01

Regulatory success Erik Hertzberg REP Canada’s mortgage growth has fallen to the lowest in nearly two decades as interest rates rise and after new mortgage rules took effect at the start of the year. Total residential mortgage credit …

Hiked mortgage rates induce dread, but will Canadians prevail?

2018-05-01

The country?s biggest banks raising key borrowing rates Chris Fournier Canadian Real Estate Wealth The indefatigable ability of Canadians to shoulder an ever increasing mountain of debt is being tested. The country’s biggest banks beg…

Stats Can releases GDP numbers for February

2018-05-01

Statistics Canada said Tuesday real gross domestic product grew 0.4 per cent in February REP The Canadian economy, which contracted to start the year, bounced back in February, led by gains in the mining and oil and gas extraction sector. S…

Whistler's housing prices in the detached and townhome categories have surpassed Vancouver's, and the reason could be Vail Ski Resort's Epic Pass

2018-05-01

Jet setters drive price escalation Neil Sharma Mortgage Broker News Whistler’s benchmark housing prices in the detached and townhome categories have surpassed Vancouver’s, and the reason could be Vail Ski Resort’s Epic Pas…

CIBC hikes interest rate

2018-05-01

CIBC increases five-year fixed-rate mortgage rate Canadian Real Estate Wealth The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. Spokesman Tom Wallis says in an email…

Vancouver usurped as 'Canada's craziest property market'

2018-04-30

Businesses in Whistler are buying million-dollar properties to house employees as living costs drive out workers. Natalie Obiko Pearson REP Move over Vancouver -- you’re no longer Canada’s craziest property market. Benchmark pro…

Little-known ownership model touted as unaffordability cure

2018-04-30

Buying a house on leased land is a viable alternative Neil Sharma Canadian Real Estate Wealth As unaffordability spills out of large urban centres and into their surrounding areas, land leasing homes could become a viable alternative. The l…

OSFI stress test has cut millennial purchasing power by $40K

2018-04-30

First-time home buyers aged 25 ? 31 fall short of home purchases Steve Randall Canadian Real Estate Wealth The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introductio…

Amazon to create 3,000 tech jobs with new Canada Post building headquarters

2018-04-30

Old post office to become tech centre Tanya Commisso Western Investor The old Canada Post building at 349 West Georgia Street will be redeveloped into Amazon Canada 's new Vancouver headquarters, Prime Minister Justin Trudeau announced toda…

Quilchena Park-area residents feel betrayed by developer

2018-04-29

Residents feel betrayed by builder Susan Lazaruk The Vancouver Sun A magnificent view of English Bay and the North Shore mountains from Quilchena Park near Arbutus Street and 33rd Avenue is going to be lost if a developer is granted rezonin…

Cryptocurrencies the coin of the future

2018-04-27

Vancouver lawyer Michael Stephens is working on cryptocurrency regulation Ian Mulgrew The Vancouver Sun Vancouver lawyer Michael Stephens was at a recent convention in the Bahamas socializing in a crowded room when he couldn’t help wa…

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

2018-04-27

Rooftop patios add to Berkeley Village?s appeal Simon Briault The Vancouver Sun Berkeley Village Project location: 16433 19 Avenue Project size: 183 two- and three-bedroom townhomes ranging in size from 1,202 to 1,579 square feet. Prices st…

Canadian housing market still "highly vulnerable" warns CMHC

2018-04-27

CMHC report housing market remains at risk Steve Randall Canadian Real Estate Wealth Canada’s housing market remains a large risk for the seventh consecutive quarter according to the latest report from the CMHC. Its Housing Market Ass…

Volatility continues for seventh straight quarter

2018-04-27

CMHC says housing sector facing a high degree of vulnerability Tara Deschamps REP TORONTO _ Canada's housing sector is facing a high degree of vulnerability to market instability for the seventh straight quarter, with Toronto, Hamilton, Van…

Two Big Six banks hike benchmark rates

2018-04-27

TD and RBC increase mortgage rates Canadian Real Estate Wealth Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. TD says as of Wednesday it increased its posted rate for five-year fixed mor…

This UBC professor can take pride in having her book featured on Jeopardy!

2018-04-27

Martha Perkins Vancouver Courier For today’s daily double, Courier readers, this emotion describes Jessica Tracy’s reaction when she learned that her book was mentioned in a Jeopardy! question. What is “blown away”? …

LED upgrades make cost-saving sense

2018-04-26

Making a case for energy upgrades Tony Gioventu The Province Dear Tony: Our strata council has been trying to convince our owners to upgrade our lighting in the building to all LED’s to save electrical costs. We have had several asses…