Real Estate News & Articles

Vancouver senior is 'collateral damage' of empty-home tax

2018-04-10

Man who inherited East Van home feels forced by $14,139 tax bill to rent ?non-habitable? house Chuck Chiang Western Investor An 86-year-old retired pensioner who inherited his mother’s 1927 home in East Vancouver decades ago says Vanc…

Vancouver and BC Taxes Guide from 2018 Budget

2018-04-09

New Taxes From BC Budget 2018 ? Updated April 2, 2018 other Speculation Tax - A new tax on Foreign speculators that will apply in Metro Vancouver, Fraser Valley, Capitol and Nanaimo Regional Districts and Municipality of Kelowna and West Ke…

City of Vancouver Empty Homes Tax FAQ

2018-04-09

other Read through our pages, and still have a question about the Empty Homes Tax? View a list of questions and definitions about the Empty Homes Tax, also known as the Vacancy Tax: About the tax Definition of terms related to the tax Secon…

Vancouver home sales slow down, but prices remain inflamed

2018-04-09

Ephraim Vecina Canadian Real Estate Wealth Metro Vancouver home sales over the first quarter of this year were the lowest in five years, but statistics from the Real Estate Board of Greater Vancouver also showed that prices remained high. T…

Nearly half of Toronto's condo investors offsetting taxes

2018-04-09

Neil Sharma Canadian Real Estate Wealth While nearly half of Toronto’s condo investors were cash flow negative last year, they were, in fact, offsetting their taxes. A joint study between CIBC and Urbanation revealed 44% of Toronto&rs…

FINTRAC responds to Jorge Branca's letter to the editor

2018-04-09

The real estate sector is highly vulnerable to money laundering and terrorist financing Joane Leroux REM I would like to respond to Jorge Branca’s letter to the editor, FINTRAC: The nemesis of our forest? by highlighting how Canadian …

Vancouver home sales continue to drop but the new mortgage rules aren't the main cause

2018-04-08

New property taxes dragging down sales Kerrisa Wilson other Metro Vancouver home sales continued to drop on a year-over-year basis in March, and one of Canada’s biggest banks says BC’s new property taxes are likely to blame. Las…

Apartment Source - Year End 2017 Highlights

2018-04-07

Colliers International other In this issue, despite a decline in the number of sales, last year witnessed a year-over-year increase of 25% in total sales volume. Almost every sub-market witnessed phenomenal growth in per-unit value as avera…

Edgemont Walk 1133 Ridgewood Drivee North Vancouver 24 townhomes by Boffo Properties

2018-04-07

The look is warm and inviting at North Vancouver?s Edgemont Walk Simon Briault The Vancouver Sun Edgemont Walk Project location: 1133 Ridgewood Drive, North Vancouver Project size: 24 three-bedroom townhomes ranging in size from 1,835 to 2,…

Move over Walk Score - this tool provides accurate valuations

2018-04-06

Neil Sharma REP Over the last few years, walk, transit, and even bike, scores have influenced real estate values, but another online platform is proving even more impactful. MarketScore is a tool that determines property values by using com…

Cryptocurrency touted as gateway to deeper buyer pool

2018-04-06

Neil Sharma Canadian Real Estate Wealth While still a novel idea, selling properties for Bitcoin is being touted as a way to reach more international buyers, many of whom are constrained by caps on capital outflow. Derryn Shrosbree, who las…

RBC's dire warning to Alberta deconstructed

2018-04-06

Albertans carry the heaviest debt loads Neil Sharma Mortgage Broker News In light of RBC reporting claiming Alberta will be hit hardest by rising interest rates, not everybody believes the sky will fall. “Our research shows that Alber…

The Conference Board of Canada predicted that housing starts will decline by 2.9% in 2018

2018-04-06

New housing construction to contract this year - report Ephraim Vecina Mortgage Broker News In a new report released earlier this week, The Conference Board of Canada predicted that housing starts will decline by 2.9% in 2018, a development…

Canada's housing affordability improved except in Vancouver

2018-04-06

Housing affordability improves for first time in 2 years Steve Randall Canadian Real Estate Wealth There was an improvement in Canada’s housing affordability measure at the end of 2017. It was the first time in two years that RBC Econ…

Metro Vancouver home sales down nearly 30 per cent in March

2018-04-05

March home sales slide in Toronto, Vancouver Tiffany Crawford The Vancouver Sun Home sales were down nearly 30 per cent in March in Metro Vancouver, as the region marked its lowest first-quarter sales volume in five years. The Real Est…

Lower Mainland condo prices soar but there are signs of softness at the top end

2018-04-05

Lower Mainland condo prices may soon hit a peak Joanne Lee-Young The Vancouver Sun Prices for condos are on a tear across the Lower Mainland but there are signs of an emerging peak at the top end of the market. The $1 million figure has ear…

Stratas can't ignore B.C. regulations

2018-04-05

Act applies to stratas throughout B.C. Tony Gioventu The Province Dear Tony: We purchased a Victoria condo in December and thought we did all of the right things. We requested copies of three years of minutes, the strata bylaws, an informat…

Landmark on Robson 237 suites in two high-rise towers at 1400 Robson Street by ASNA Robson Landmark Holdings

2018-04-05

Landmark on Robson towers designed with natural settings in mind Mary Frances Hill The Province Landmark on Robson What:  At total of 237 suites in two concrete highrise towers of 34 and 32 storeys joined by a podium that houses the am…

Luxury home sales are low and prices dropping in Toronto

2018-04-05

Numbers for Toronto?s luxury market released Jacqueline Thorpe REP The high-end of Toronto’s housing market is bearing the brunt of declines from last year’s dizzying growth, with prices falling and unit sales slumping by almost…

Higher-priced house markets nailed by tax hike

2018-04-04

If the government plan was to gut sales in Metro Vancouver?s most expensive detached housing markets, it has been a spectacular success Frank O'Brien Western Investor   A sustained attack on buyer demand in Vancouver’s detached h…

Nanos Canadian Confidence Index continued to tumble in March

2018-04-04

Consumers reveal feelings about economy Theophilos Argitis REP It’s been a dramatic reversal in sentiment for Canada’s consumers. The Bloomberg Nanos Canadian Confidence Index -- a composite gauge based on survey questions -- co…

Toronto March Home Sales Fall 40% From 2017

2018-04-04

GTA March Home Sales Fall 40% From 2017: TREB other Early spring real estate conditions continue to fall short by double digits from the records broken in 2017, as March data reveals a nearly 40-per-cent plunge in sales. The report fro…

Here's what a negative shock to BC home prices could mean for households

2018-04-04

Negative aspects of new housing policies in BC Kerrisa Wilson other The implementation of new housing policies in BC aimed at cooling skyrocketing prices could spell trouble for households and the economy. In fact,  a relatively minor …

Detached home buyers need 53% down payment says DBRS

2018-04-03

Steve Randall Canadian Real Estate Wealth The still-rising prices of homes in many Canadian markets are making homeownership increasingly unaffordable and mortgages harder to secure. A report on the Canadian housing market in the fourth qua…