Real Estate News & Articles

Juwai real estate portal has made a deal with JD.com to start selling homes online

2018-04-03

International online retailer selling Canadian houses like shoes Neil Sharma Canadian Real Estate Wealth Chinese real estate portal Juwai—which collects staggering quantities of data on Canadian housing—has struck a deal with on…

Montreal - the tallest residential tower in the city will be built by Broccolini Construction

2018-04-03

Tallest residential tower set to change skyline Natalie Wong Canadian Real Estate Wealth Broccolini Construction Inc. plans to invest as much as C$300 million ($233 million) to build the tallest residential tower in Montreal. The closely he…

Brokers expect major tax impact for BC housing market

2018-04-02

Steve Randall REP The tax changes announced by British Columbia will have a major impact on the province’s housing market according to brokers. A survey of 535 real estate professionals in BC and Alberta carried out by Royal Le Page f…

Government may inadvertently damage B.C.'s housing sector

2018-04-02

Neil Sharma REP British Columbia’s Finance Minister Carole James may have announced amendments to the speculation tax, easing the levy on out-of-province Canadians, but Royal LePage says not enough was done and it anticipates damage t…

Scams

2018-03-31

Phone Safety Tips magicJack other Dear valued magicJack customer, Now more than ever, criminals utilize phone calls in their ever-evolving strategies to take advantage of unsuspecting individuals. It's important to arm yourself with the inf…

The Links Residences 7979 152 Street Surrey 55 townhouses next to Guildford Golf and County Club by Infinity Properties

2018-03-31

The Links Residences are a short drive, chip and putt away from Surrey?s Guildford Golf and Country Club Michael Bernard The Vancouver Sun The Links Residences, Surrey Project Address: 7979 152 St., Surrey Project Scope: A collection o…

B.C. and Vancouver home taxes: Some in the city will pay twice

2018-03-29

Unclear how many hit by overlap between city?s empty homes levy and B.C.?s speculation tax Joanne Lee-Young The Province Some homeowners in the City of Vancouver will end up paying two taxes aimed at discouraging the use of homes as investm…

Canopy 302 townhomes by Tynehead Park at 9718 161A Street Surrey by StreetSide Developments

2018-03-29

Canopy designed to appeal to different demographics Mary Frances Hill The Province Canopy What:  302 townhomes bordered on two sides by Tynehead Park Where:  9718 161A Street, Surrey Residence sizes and prices:  two, three an…

Backlash keeps blistering B.C. government

2018-03-29

Speculation Tax not workable Linda Givetash Mortgage Broker News When Rick Smith's son decided to move from Yukon to Victoria for college he bought him a condominium to avoid high rents, but a new provincial tax means the property may turn …

BC Taxes

2018-03-28

other The Buyer is and will be, on the Completion Date, a "foreign entity" or a "taxable trustee" as defined in the British Columbia Property Transfer Tax Act (as amended) (collectively, the "Foreign Entity"). The Buyer is aware that the Pr…

BCREA calls for more clarity on speculation tax

2018-03-28

Steve Randall Canadian Real Estate Wealth The proposed British Columbia speculation tax has been welcomed by the province’s real estate board but it wants more questions answered. The BC finance minister gave more details of the scope…

B.C. clarifies speculation tax provisions

2018-03-28

Paolo Taruc Canadian Real Estate Wealth British Columbia’s speculation tax will not apply to residents with second homes outside of high-cost, designated urban areas, as well as many who own vacation properties, the province’s g…

Repair claims require strict oversight

2018-03-28

Don?t delay on maintenance Tony Gioventu Times Colonist Dear Tony: I am a council member of a new highrise building in Metro Vancouver that was completed in 2017. In the fall, several owners in the penthouse units complained about water sta…

Speculation Tax: Clarity Appreciated; More Needed

2018-03-27

BCREA BCREA The British Columbia Real Estate Association (BCREA) was pleased to see more details of the proposed speculation tax. Refinement of the areas of the province where the tax applies and the introduction of different rates for diff…

BC government says less than 1% will face speculation tax

2018-03-27

Steve Randall Canadian Real Estate Wealth The new speculation tax announced in the recent British Columbia budget will have limited impact on residents the government says. The province’s Minister of Finance Carole James said Monday t…

B.C. government folds under pressure

2018-03-27

Dirk Meissner REP British Columbia is trying to more directly target urban areas with changes it announced Monday to a proposed tax on property speculation after some municipalities demanded exemptions and the Opposition accused the New Dem…

Rents fall in Canada's priciest cities - including Vancouver, Burnaby

2018-03-27

Joannah Connolly Western Investor Padmapper's monthly analysis of median rents found Vancouver to be the most expensive for one-bed units as Toronto prices fell. Source: Padmapper A decline in Toronto’s rental prices may have put Vanc…

Supreme Court approves permits on massive Gibsons development

2018-03-26

Sean Eckford Western Investor A BC Supreme Court justice has ruled that development permits issued for the George Hotel and Residences project in Gibsons were issued properly and the developer should be allowed to act on them. The Gibsons A…

Failure to disclose murder costs homeowner

2018-03-25

Neil Sharma REP Given how high the stakes of mansion sales are, one would think every pertinent modicum of information would be disclosed. Turns out the owner of a Shaughnessy mansion in Vancouver forgot to tell a buyers about a gangland mu…

Fraser Commons 725 Southeast Marine Drive Vancouver 363 homes in four buildings by Serracan Properties

2018-03-24

At Fraser Commons, Serracan brings it all close to home Simon Briault The Vancouver Sun Fraser Commons Project location: 725  Southeast Marine Drive Project size: 363 one- to three-bedroom homes ranging in size from 438 to 1,059 square…

Perfect storm of factors could push down home values, leave those who purchased property in 2017 vulnerable

2018-03-24

Cooling market could sink recent buyers Joel Schlesinger The Vancouver Sun Buying a first home together is a milestone for many young couples. But for Ines Min and her husband, achieving this life landmark felt more like a feat of herculean…

Jolt of reality when dealing with EVs

2018-03-22

Strata Property Act amended to make fees for charging stations more straightforward Tony Gioventu The Province Dear Tony: We are a 118-unit strata in Vancouver with plenty of extra parking. We have four owners who are asking for the install…

Main and Twentieth by Landa Global Properties 42 homes at 209 East 20th Avenue

2018-03-22

Main and Twentieth designed with its eventual occupants in mind Mary Frances Hill The Province Main and Twentieth Where:  209 East 20th Ave. Vancouver What:  A boutique collection of 42 one- and two-bedroom homes and lof…

B.C. privacy commissioner says landlords overstepping bounds

2018-03-22

Canadian Real Estate Wealth British Columbia's privacy office says some landlords are asking prospective tenants for too much personal information including three months worth of bank statements, inquiring whether applicants were born in Ca…