Real Estate News & Articles

B.C.'s finance minister appears ready to tweak housing speculation tax

2018-03-08

James acknowledges plan must target speculators without harming B.C. residents Rob Shaw The Province Finance Minister Carole James appears to be rethinking parts of her new speculation tax and now says she’s working to address specifi…

Over 98% of Vancouver homeowners declare for Empty Homes Tax

2018-03-08

Paolo Taruc REP Vancouver has logged a total of 183,911 declarations for its empty home tax for 2017, the city government announced on Wednesday. The number accounts for nearly all (98.85%) property owners in the coastal city. There were 8,…

Housing supply-demand gap largest in Toronto and Vancouver, says CHMC

2018-03-08

Canadian Real Estate Wealth Toronto and Vancouver’s real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is “significantly weaker than other Canadian metropolitan …

Vancouver gas prices some of highest in North America

2018-03-08

Tiffany Crawford The Province Vancouver gas prices hit 150.9 cents a litre at some stations Wednesday, and according to a prominent petroleum analyst, it’s likely to go up. GasBuddy.com analyst Dan McTeague says the price has jumped 2…

NDP tax hard-working folks like they?re privileged elites

2018-03-08

The Province The new school tax (on homes assessed at more than $3 million) will take 10 per cent of my annual income or more each year. Because I worked hard and sacrificed, even during my teenage years so that I could buy a house at the a…

Crucial to keep conflicts in the open

2018-03-07

Strata council members have an obligation to put the corporation?s best interests first Tony Gioventu Times Colonist Dear Tony: We have an awkward situation in our strata corporation and need your assistance. The vice-president of our strat…

More than 2,000 homeowners to be taxed under Vancouver's empty homes tax

2018-03-07

Over 2,100 undeclared empty homes face tax Stephanie Ip The Vancouver Sun More than 2,000 residential properties went undeclared, have been deemed unoccupied and will be taxed under Vancouver’s empty homes tax. Assuming that each prop…

Empty Homes Tax registers 8,481 vacant, exempt or undeclared homes in Vancouver

2018-03-07

Joannah Connolly Vancouver Courier Following the extended deadline for Vancouver’s Empty Homes Tax ending March 5, the owners of nearly 99 per cent of the city’s homes filed declarations, the City of Vancouver announced March 7.…

Bank of Canada makes interest rate announcement

2018-03-07

Canadian Real Estate Wealth The Bank of Canada kept its key interest rate target on hold as it pointed to a climate of broadening, important unknowns around trade. In explaining its decision to maintain its benchmark rate at 1.25 per cent, …

Chinese buyers aren't quitting Canadian homes any time soon

2018-03-07

Ephraim Vecina Canadian Real Estate Wealth Latest data from international property listing portal Juwai.com showed that in 2017, Canada continued to be a favoured property investment destination for Chinese home buyers despite higher foreig…

Vancouver feeling mortgage changes, interest rates

2018-03-05

Aleksandra Sagan Canadian Real Estate Wealth Home sales in Metro Vancouver fell more than 14 per cent below the 10-year average in February as buyers contended with stricter mortgage rules and higher interest rates, according to statistics …

Spire Development has announced its new 95-unit energy-friendly apartment

2018-03-05

Vancouver rental development offers energy-conscious living Ephraim Vecina Canadian Real Estate Wealth Spire Development has announced its new 95-unit energy-friendly apartment, slated for Fall of 2018 in Fraser Street, Vancouver. Spire Lan…

Murder, suicide, ghosts...What must be disclosed?

2018-03-05

Mark Weisleder REM We were all horrified to learn that a serial killer in Toronto was allegedly a landscaper who disposed of human body parts in planters at properties and may have buried remains in the gardens of homes he worked at. One of…

Trends in condo design driven by residents' needs

2018-03-03

THE NEEDS OF RESIDENTS DRIVING CONDO DESIGN Rebecca Keillor The Vancouver Sun Condominium design is changing in Vancouver, says Jason Turcotte, vice-president of development at Cressey Development Group, with much greater emphasis being pla…

Evolv35 at 312 Moody Avenue North Vancouver has legal suite rentals known as 'lock-off suites'

2018-03-03

LOCK-OFF SUITES CAN ACT AS HANDY MORTGAGE HELPERS Michael Geller The Vancouver Sun As Lower Mainland municipalities struggle to provide more affordable housing choices, they might explore the top of a nearby mountain. Throughout B.C., the m…

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

2018-03-03

Main and Twentieth keeps community living in mind Michael Bernard The Vancouver Sun Main & Twentieth Project Address: 209 East 20 th Ave. Vancouver Project Scope:  A boutique collection of 42 one- and two-bedroom and loft home…

Vancouver home sales fall in February amid mortgage, interest rate changes

2018-03-03

Vancouver home sales fall amid changes to mortgage rules, higher interest rates ALEKSANDRA SAGAN The Vancouver Sun Home sales in Metro Vancouver fell more than 14 per cent below the 10-year average in February as buyers contended with stric…

Ground broken on Fairview project at 725-799 West 14th Avenue

2018-03-03

B.C. government, Metro Vancouver break ground on affordable-housing project Scott Brown The Vancouver Sun The B.C. government broke ground Friday on the first phase of an affordable-housing project that will replace 86 aging housing units w…

Haven't B.C.'s homeowners been through enough?

2018-03-02

Gordon Clark The Province Last May, B.C. voters decided they wanted a kinder, gentler sort of provincial government and transferred their support to the NDP and the Greens. Now that the dust has settled, with an NDP minority government nomi…

The west continues to lead provincial growth

2018-03-01

Steve Randall Canadian Real Estate Wealth British Columbia and Alberta will be joined by Prince Edward Island and Newfoundland and Labrador in leading provincial growth in 2018. The Conference Board of Canada’s winter outlook forecast…

Property Transfer Tax Calculator

2018-03-01

Spagnuolo other The first PTT calculator is what we call our standard calculator. This is to be used if the Buyer is not a First Time Home Buyer, or if they are purchasing a used home, not a new one.

Strata corporation must turn over copies of requested documents

2018-03-01

Only in select circumstances can managers withhold information Tony Gioventu The Province Dear Tony: I recently put in a request for some routine documents owners are permitted to have copies of.  Two of those documents included a copy…

Hensley 264 homes in a 33 storey tower at 450 Westview Street Coquitlam by Cressey Development Group

2018-03-01

'Unique geometry' of exterior matched by bold interior designs at Hensley Mary Frances Hill The Province Hensley is a project from the Cressey Development Group in Coquitlam. PNG Among the amenities at Cressey?s Hensley, a new project in Co…

Modular housing plan on city-owned land currently used as an off-leash dog park in the Oval Village neighbourhood

2018-03-01

Some cite property values, safety concerns over three-storey project to house the homeless Cheryl Chan The Province The City of Richmond’s proposal to build its first modular housing project for homeless people is already facing oppos…