Real Estate News & Articles

Edgemont Walk 1133 Ridgewood Drive North Vancouver 24 three bedroom townhomes by Boffo Developments

2018-04-26

Artistic vision and style inspire townhome community at Edgemont Walk in North Van Mary Frances Hill The Province Edgemont Walk Where: 1133 Ridgewood Dr., North Vancouver What: 24 spacious threebedroom townhomes with flex space and garages …

Condo developers in B.C. asked for more information about hot presale market

2018-04-26

Proposed legislation would require developers to report information on contract flipping Joanne Lee-Young The Province Condo developers will be required by law to collect and report information on buyers who flip sales contracts for a highe…

Proposed legislation would require developers to report information on contract flipping

2018-04-25

Government promises crackdown Dirk Meissner REP British Columbia's government wants to crack down on tax evasion in the condominium market and gives municipalities more control over rental housing as it looks for ways of easing a housing cr…

New home sales slump 67% amid buyer caution, low supply

2018-04-25

Steve Randall REP The sale of new homes in the Greater Toronto Area in March was down sharply with just 1,960 sales, including 1,649 condos. The drop was 67% below sales a year earlier and 21% below the 10-year average, the Building Industr…

Juwai teams up with Noah as exclusive overseas real estate partner

2018-04-25

Noah Holdings NYSE partners with Juwai other We’re excited to announce that Juwai.com has been appointed the exclusive overseas real estate partner of Noah Holdings! As China’s leading wealth and asset management service provide…

Mortgage rules contributed to "lacklustre" start to 2018 says Poloz

2018-04-24

BoC is forecasting growth of 2% for 2018 Steve Randall Canadian Real Estate Wealth The tightened mortgage underwriting rules which came into effect at the start of the year have contributed to a slower start for the Canadian economy. Bank o…

Appeal launched after Murrayville condo pre-sale contracts cancelled by court decision

2018-04-24

Condo pre-sale buyers fight for their units Dan Fumano The Province A group of dissatisfied would-be condo-buyers are appealing a B.C. Supreme Court decision to cancel pre-sale contracts for an embattled Langley development. A B.C. Sup…

Abbotsford, Mission emerge as commercial power centres

2018-04-24

Cities to the east of the Lower Mainland are easing the growing pressure for commercial and residential demand in Metro Vancouver Western Investor The latest residential data underlines the strength of the economy of the far east of the Low…

Vancouver turns vacancies into cash cow

2018-04-24

Empty home tax to bring $30m in first year Linda Givetash Canadian Real Estate Wealth The city of Vancouver's new empty homes tax is expected to bring in $30 million in revenue in its first year. Vancouver Mayor Gregor Robertson said $17 mi…

Tri-Cities high on list of region?s real estate investment hot spots

2018-04-24

Where to buy real estate in Greater Vancouver 2018 Joannah Connolly other Its latest rankings of the top 25 Lower Mainland neighbourhoods to invest in residential real estate include six neighbourhoods in Port Coquitlam, three in the top 10…

Alternative lender thriving on new market realities

2018-04-23

Credit unions picking up the bank rejects Allison McNeely Canadian Real Estate Wealth When prospective borrowers sit down in the boardroom to negotiate a loan at one of Canada’s largest alternative lenders, they’re greeted by a …

Don't base child and spousal support on my million-dollar income, B.C. realtor tells divorce court

2018-04-23

High-end West Van realtor worries family lifestyle is now unsustainable, judgment reveals Bethany Lindsay other A real estate agent from West Vancouver has brought housing market uncertainty into his divorce proceedings, arguing a slowdown …

Vancouver office vacancy nosedives, while Calgary's skyrockets

2018-04-23

Despite a ballooning vacancy rate, Calgary's office market is showing positive signs of recovery Tanya Commisso Western Investor All of Western Canada’s office markets have reported an increase in leasing activity, reflected in decrea…

Presale condo cancellations also apparent in Vancouver

2018-04-23

Developers cancel pre-sale agreements Ephraim Vecina Mortgage Broker News Amid reports about the rash of presale condominium cancellations in Toronto, a similar phenomenon has also become apparent in Canada’s other red-hot market. In …

Lily Terrace 23203 Francis Avenue For Langley 24 one and two bedroom homes by Lanstone Homes

2018-04-21

Boutique build adds modern touch at Fort Langley?s Lily Terrace Michael Bernard The Vancouver Sun Project: Lily Terrace Project Location: 23203 Francis Ave., Fort Langley Project Scope: 24 one- and two-bedroom residences ranging from 1,015 …

Strata council can't make a policy change to how notice is issued or received

2018-04-19

Council can?t change policy Tony Gioventu The Province Dear Tony: Our strata council and strata manager have sent the following notice to owners advising that the only way we can give notice or request any items from the strata corporation …

Fraser Commons 725 Southeast Marine Drive 363 homes in the complex by Serracan Properties

2018-04-19

A Fraser Commons Interior designer plays all the traditional shapes and angles to give rooms a refreshed look Mary Frances Hill The Province Fraser Commons Where: 725 Southeast Marine Drive What: 363 one-to-three-bedroom homes Residenc…

Interest rate will change in the near future

2018-04-19

A question of when, not if Andy Blatchford REP For the Bank of Canada these days, it's all about timing. The central bank stuck with its benchmark interest rate of 1.25 per cent Wednesday as it continued along a careful process of determini…

Developers cancel projects they started when construction was cheaper and pre-sales were less lucrative

2018-04-19

Escalating costs imperil development Natalie Wong REP Builders in Toronto’s frenzied condo market are walking away from giant towers they have pre-sold, reflecting a rougher road to profits -- and leaving buyers in the lurch. Soaring …

B.C. market sustains sustain upward trend in prices

2018-04-18

Ephraim Vecina Canadian Real Estate Wealth Home sales in British Columbia plummeted last month compared with March of last year, but the B.C. Real Estate Association stated that the decline was not reflected in prices. Sales figures release…

Bank of Canada makes interest rate announcement

2018-04-18

Bank of Canada Interest Rate Announcement Andy Blatchford Canadian Real Estate Wealth The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of mod…

Review of real estate regulators to strengthen protections

2018-04-18

Real Estate Council of BC examined other The Province is launching a review of B.C.’s real estate regulators to make sure that British Columbians are effectively protected, announced Finance Minister Carole James.  “Buying …

Amazon may rent the old post office in downtown Vancouver

2018-04-18

Plan is to add a million square feet of office and commercial space downtown, sources say John Mackie The Province Amazon is looking at renting the old post office in downtown Vancouver. Real-estate sources say the online retail giant wants…

Hungerford Properties purchases 15.5 acres on Marine Drive

2018-04-17

Acquisition of 12.5 acre site formerly owned by Walmart represents, in square footage, largest private sale in Vancouver in 10 years Naoibh O'Connor Western Investor Hungerford Properties has acquired two large industrial sites on Marine Dr…