Real Estate News & Articles

New mortgage rules behind slide in B.C. home sales

2018-03-15

New mortgage rules cited as B.C. sales slide The Vancouver Sun The British Columbia Real Estate Association says tough mortgage qualification rules are a key reason for a province wide drop in housing demand last month compared with Februar…

Strata council obliged to give residents notice of expense issues as soon as possible

2018-03-15

On budget deficits and deductibles Tony Gioventu The Province Dear Tony: Our strata has not replaced the plumbing, and with a number of common area leaks in the last two years, our deductible is at $100,000. With another pipe break in …

Fairwyas 22 townhomes in four buildings at 303 171 Street Surrey by Zenterra Developments

2018-03-15

Fairways showcases touches of glam Mary Frances Hill The Province Fairways What:  A boutique-style development of 22 townhomes in four wood-frame buildings backing on to Peace Portal Golf Course Where: 303 – 171 St., Surrey Resid…

Tough mortgage rules reason for drop in housing demand

2018-03-14

B-20 battering B.C. Canadian Real Estate Wealth The British Columbia Real Estate Association says tough mortgage qualification rules are a key reason for a provincewide drop in housing demand last month compared with February 2017. The asso…

Undisclosed Shaughnessy gangland murder quashes deal

2018-03-14

Gangland murder quashes deal REP The former owner of a mansion in Vancouver's exclusive Shaughnessy neighbourhood must repay a $300,000 deposit after the sale of the property fell through because she didn't tell the buyer about a suspected …

New Mortgage Qualification Rules Temper Housing Demand

2018-03-14

BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7 per cent decrease from the …

BC home sales see double digit decline since introduction of stricter mortgage rules

2018-03-14

Kerrisa Wilson other BC home sales saw an annual decline in February and — like much of the rest of the country — stricter mortgage regulations appear to be to blame for the drop. Last month, a total of 6,206 homes changed hands…

No 'blank cheque' for World Cup bid

2018-03-14

Premier balks at cost of hosting 2026 FIFA World Cup games in Vancouver Rob Shaw The Province B.C. Premier John Horgan says he’s not willing to write a “blank cheque” to have Vancouver host soccer matches for the FIFA Worl…

GTHA luxury market unrecognizable this year

2018-03-13

REP Luxury home sales in the Greater Toronto Area, Oakville and Hamilton-Burlington have fallen by almost 60 per cent year-over-year, according to a RE/MAX report. The real estate company says 76 freehold and condominium properties in the G…

Moody?s Investors Service has warned that Canada?s banking system is facing a growing threat of souring consumer loans amid rising interest rates

2018-03-13

Canadian banks warned Maciej Onoszko Mortgage Broker News Canada’s mountain of consumer debt is triggering multiple alarms about the threat to the country’s banks. Moody’s Investors Service joined the Bank for Internationa…

Don't Let Keyword Stuffing Kill Your SEO

2018-03-12

Here's How to Avoid It Alexa other When trying to optimize your website for search engines, it can be tempting to take shortcuts. You may want to try tactics that will speed up the process and help you start ranking higher faster. But short…

Condos, rental apartments lead home construction

2018-03-12

Steve Randall Canadian Real Estate Wealth The multi-family sector was the driver of increased permits issued by Canadian municipalities in January. Statistics Canada says that permits issued for multi-family in Ontario totalled $974 million…

Solution to parking shortage is easy

2018-03-12

Cutting clearance from five to 2.5 metres would create more spots and not affect fire safety Susan Lazaruk The Province Metro Vancouver’s engineers and fire chiefs are offering a partial solution to the parking shortage that’s p…

Automation vs. jobs and human interaction

2018-03-11

E-commerce revolution has both social and employment implications Derrick Penner The Province In the future of retail, it is likely that bricks-and-mortar stores and online commerce will merge into a seamless entity, says Vancouver tech ent…

Canopy 9718 161A Street Surrey 302 townhomes by StreetSide Developments

2018-03-10

Residents of StreetSide?s Canopy will have hundreds of acres of green space at their doorstep Simon Briault The Vancouver Sun Canopy Project location: 9718 161A Street Project size: 302 townhomes of between two, three and four bedrooms, ran…

Six False Creek affordable housing lots still empty after three decades

2018-03-10

Six lots in False Creek reserved 30 years ago for low-cost residential units remain empty Lori Culbert The Vancouver Sun Thirty years ago, the city of Vancouver unveiled an innovative plan to transform the former Expo 86 lands along False C…

BC Housing Demand To Slow Through 2019

2018-03-09

BCREA 2018 Q1 Housing Forecast Update BCREA Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 8.6 per cent to 94,855 units in 2018, after decreasing 7.5 per cent in 2017. A record 112,209 uni…

Real estate experts in British Columbia predict residential home sales will dip this year but remain well above the province's 10-year average

2018-03-09

BCREA's predictions reveal anomalous market Canadian Real Estate Wealth Real estate experts in British Columbia predict residential home sales will dip this year but remain well above the province's 10-year average, although they warn risin…

Tsawwassen Mills shopping centre is attracted shoppers and real estate developers

2018-03-09

Is Tsawwassen the next destination? Neil Sharma Canadian Real Estate Wealth As unaffordability continues plaguing Vancouver, the city’s outer reaches are suddenly becoming viable. Aquilini Group is developing a subdivision in Tsawwass…

Vancouver has highest construction costs in Canada

2018-03-08

Western Investor A high-quality 2,000-square-foot detached house would cost up to $460,000 in hard construction costs to build in Vancouver. In Toronto, this house would cost $420,000, and in Montreal, Calgary or Halifax, the cost would run…

B.C. may revise new tax

2018-03-08

Finance minister to tweaks speculation tax Dirk Meissner REP British Columbia's finance minister is dropping hints the blueprint for the province's proposed speculation tax is being redrawn after a homeowner backlash. Carole James introduce…

Stress test effect is showing nationwide says RBC

2018-03-08

Steve Randall Canadian Real Estate Wealth The impact of the tightened mortgage rules introduced at the start of the year appears to be rising. A report from RBC Economics says that softening sales in February, following a slowdown in Januar…

Thousands face empty homes tax in Vancouver as declaration deadline passes

2018-03-08

Laura Kane The Vancouver Sun Nearly 8,500 homes have been declared vacant or underused in Vancouver after the submission deadline passed for the city’s new empty homes tax. The figure not only includes properties that were deemed unoc…

Hillcrest at Sullivan Ridge 29 single family homes at 6119 146 Street Surrey BC by Marathon Homes

2018-03-08

Sensible, yet stylish touches on offer at Hillcrest at Sullivan Ridge Mary Frances Hill The Province Hillcrest at Sullivan Ridge What:  29 single-family homes, the third and final development by Marathon Homes in the Sullivan area of S…