Real Estate News & Articles

Canada among four record-breaking countries in 2017

2018-02-28

REP The Canadian commercial real estate market set another record for investments in 2017 and was one of only four countries in the world to do so, according to a new report from CBRE Ltd The report said there were more than $43.1 billion i…

B.C.'s new taxes on $3M homes could lean hard on Vancouver's west side, maps show

2018-02-28

Coverage of B.C. housing affordability on Globalnews.ca Jesse Ferreras other This chart shows single-detached homes with assessed values over $3 million across Metro Vancouver. B.C.’s new taxes on properties worth $3-million or more c…

Juwai reveals 'Top 10 Chinese Buyer Picks for 2017' report

2018-02-28

other Despite stricter outbound investment rules, Chinese investment abroad stayed robust in 2017. In fact, Bloomberg reported back in September that Chinese property transactions had risen in 2017, although prices and sizes of the properti…

Smart REITs are playing the land development card

2018-02-27

Timbercreek senior managing director Corrado Russo sees potential of double-digit returns on real estate investment trusts despite higher interest rates Frank O'Brien Western Investor Real estate investment trusts (REITs) weighted towards c…

Chinese government takes control of Canadian real estate assets

2018-02-26

Steve Randall Canadian Real Estate Wealth Real estate assets of Chinese insurance company Anbang are now under the control of the Chinese government which has accused the firm of “illegal business practices.” These assets includ…

B.C.'s real estate taxes to impact activity in southern areas

2018-02-25

Ephraim Vecina Canadian Real Estate Wealth The British Columbia government’s latest decision to increase the foreign home buyer’s tax is projected to make noticeable ripples in the central Okanagan, the Fraser Valley, and much o…

Fairways 303 171 Street Surrey 22 townhomes backing on Peace Portal Golf Course by Zenterra Developments

2018-02-24

Zenterra?s Fairways plays off golf course Michael Bernard The Vancouver Sun Fairways – South Surrey Project Address: 303 – 171 St., Surrey Project Scope: A boutique-style development of 22 townhomes in four wood-frame buildings …

Metro Vancouver directors torn on controversial Hazelmere development in south Surrey

2018-02-24

Metro directors are torn on controversial plan for south Surrey housing Larry Pynn The Vancouver Sun A planned residential development in rural Hazelmere in south Surrey was described Friday as both a dangerous land-use precedent and a boos…

10-year 'tax holiday' for buyers at Customs House draws fire

2018-02-23

'Tax holiday' for condo buyers Bill Cleverley Times Colonist Custom House in Victoria is being renovated into a luxury condominium project by developer Stan Sipos at an estimated cost of $28.1 million Customs House on Government Street near…

Popular repurposed shipping containers are 'potential bombs'

2018-02-23

New WorkSafeBC campaign warns of 'significant' risk when used for storage GLENDA LUYMES The Province A propane tank stored inside a shipping container on a Saanich construction site ?became a bomb,? according to a WorkSafeBC video about a 2…

Undeclared homes clustered downtown

2018-02-23

Heat map shows most of 4,000 properties in Yaletown, Coal Harbour and West End NICK EAGLAND The Province The City of Vancouver released a heat map Thursday showing the distribution of residential properties where owners haven’t yet ma…

ADDITIONAL PROPERTY TAX FOR FOREIGN ENTITIES AND TAXABLE TRUSTEES

2018-02-22

other    Has gone from 15% to 20%, effective today. 2.    Contracts written before Feb. 20, 2018 with a closing on or before May, 2018 are exempted, but only for Capital Regional District, Fraser Valley Regional District…

Confusion beclouds B.C. housing market

2018-02-22

Dirk Meissner REP Real estate experts say the British Columbia government started to build a strong foundation for more affordable housing in Tuesday's budget, but opinion varies on the expected outcomes. Finance Minister Carole James is tr…

Vancouver approves two new rental housing buildings

2018-02-22

Steve Randall REP The City of Vancouver has approved two new desperately needed rental housing developments. The approval of the rezoning of two 100% rental buildings Tuesday comes at a time when the city’s rental vacancies are below …

Main & Twentieth 209 East 20th Avenue 42 homes in a 4 storey mid rise by Landa Global Properties

2018-02-22

New condos on former Mount Pleasant coffee shop site now up for pre-sale Stephanie Ip The Vancouver Sun Condos that will soon sit on the Mount Pleasant lot where Bean Around The World used to be are now for sale — which you can afford…

Musqueam development Area D, bounded by University Boulevard, Acadia, Agronomy and Toronto roads and Wesbrook Mall

2018-02-22

Musqueam development will double population of University Endowment Lands Susan Lazaruk The Vancouver Sun Massive development by the Musqueam First Nation near the University of B.C. will almost double the population of the University Endow…

Legal pot sparks bylaw issues

2018-02-22

Make sure you understand what can and cannot be enforced Tony Gioventu The Province Dear Tony: Our strata council is getting a lot of pressure from our owners to adopt a bylaw that prohibits the use of marijuana and growing of plants. Owner…

Hillside East 900 homes in two towers at Concord Brentwood 4880 and 4890 Lougheed Highway Burnaby by Concord Pacific Developments

2018-02-22

Hillside East noteworthy for its indoor-outdoor design Mary Frances Hill The Province Concord Brentwood – Hillside East What:  A total of 900 units in two concrete buildings of 55 and 45 storeys each, set in Concord’s 26-ac…

The heritage house at 3737 Angus Drive Vancouver was destroyed by fire

2018-02-22

Fire-damaged Vancouver mansion sparks heritage fight Kerry Gold The Globe and Mail The heritage mansion at 3737 Angus Dr. looked like a write-off after it mysteriously went up in flames early on a Sunday morning last October. However, the c…

Chinese money laundering in B.C. properties catches ire of gov't

2018-02-22

Ephraim Vecina REP British Columbia’s attorney general said that he is deeply troubled by reports of money laundering and criminal activity in the real estate market. David Eby has issued a statement saying the government is taking re…

Is Vancouver Canada's Wild West?

2018-02-22

Neil Sharma REP Vancouver is the most expensive real estate market in Canada, but it’s only the third-largest city. In light of the Globe and Mail’s explosive story linking the housing market to money laundering and the fentanyl…

Meet the realtor transforming Vancouver one block at a time

2018-02-21

Navigating tricky world of land assemblies can be highly profitable and controversial Christopher Cheung Vancouver Courier There are three Vancouver Specials near the old Little Mountain social housing complex on Main Street. The specials w…

B.C. budget takes aim at foreign buyers

2018-02-21

Laura Kane Canadian Real Estate Wealth British Columbia is raising its foreign buyers tax and expanding it to areas outside of Vancouver, while bringing in a new levy on speculators, as part of a sweeping plan to improve affordability in th…

Landlords express anxiety about impact of cannabis legalization

2018-02-21

Ephraim Vecina Canadian Real Estate Wealth Canadians will soon be able to add marijuana to their collection of household herbs, and that’s creating a nightmare for the country’s landlords. With Prime Minister Justin Trudeau set …