Real Estate News & Articles

The pace of change in the real estate industry is too slow to keep up with the global pace, local developers says

2018-01-23

Development in Vancouver 'on wrong side of change' Joannah Connolly Western Investor The barriers to development – such as restrictive zoning, lengthy permit processes and community opposition – are one of the key reasons that c…

Hillside East at Brentwood two towers in the heart of Concord Brentwood 4880 Lougheed Highway by Concord Pacific

2018-01-22

A New Wave of Convertible Living in Burnaby REW For professionals, families and couples looking for urban condo living with ample access to nature, look no further than  Hillside East  at Concord Brentwood.&nbs…

Custom House 816 Government Street Victoria 57 homes in a 7-storey heritage building by Cielo Properties

2018-01-20

Customs House takes an iconic location on Victoria's Inner Harbour Michael Bernard The Vancouver Sun Customs House Project Address:  816 Government Street, Victoria Project Scope:  A total of 57 one-, two- and three-bedroom condom…

Real estate 'headwinds' could slow B.C. output

2018-01-20

Real estate 'headwinds' could slow retail, construction sales Joanne Lee-Young The Vancouver Sun The province’s economy, which enjoyed a robust year in 2017, is expected to downshift in 2018, according to the Business Council of B.C. …

Major lenders hike rates following BoC decision

2018-01-18

Steve Randall Canadian Real Estate Wealth Canada’s major banks have been quick to react to the Bank of Canada’s decision to raise interest rates to 1.25%. CIBC, RBC, Scotiabank and TD were among the first lenders to increase the…

What to do if council doesn't enforce bylaws

2018-01-18

Tony Gioventu The Province Dear Tony: Our strata has never provided any information regarding the enforcement of bylaws to our owners. This recently became an issue over two owners, one, a council member who had not paid their special levie…

Cascade City 271 homes in two towers 5788 Gilbert Road (tower A) and 5766 Gilbert Road (tower B) by Landa Global Properties

2018-01-18

Richmond's Cascade City takes high-end inspiration Mary Frances Hill The Province Cascade City What: 271 homes, with retail space on the ground level. The 15-storey towers will stand on a narrow 87,252-square-foot site at Gilbert Road and E…

5 Bylaws to Watch When Buying a Condo

2018-01-18

Oscar Miklos REW Buying a condo? The legal doctrine of caveat emptor (“let the buyer beware”) continues to apply to real estate transactions in BC today, and can have the effect of denying the buyer a remedy for defects and defi…

Heritage is a collection of twelve townhomes at 1795 West 16th Avenue by Formwerks

2018-01-18

Heritage Manors Become Luxury Townhomes in Fairview REW Combining a fusion of history and contemporary vision, Heritage by Formwerks  is the dazzling result of converting three historical Fairview manors into 12 beautiful new townhomes…

REBGV update Responding to rule changes

2018-01-18

other As you’re aware, the government is continuing to implement the 28 recommendations that the Real Estate Council of BC’s Independent Advisory group made in 2016. On March 15, 2018, a ban on limited dual agency and new disclo…

No ban on foreign buyers says BC premier

2018-01-17

Steve Randall Canadian Real Estate Wealth The premier of British Columbia has rejected calls for a ban on foreign buyers of real estate in the province. John Horgan has reacted to the Green Party’s leader Andrew Weaver who has been ca…

Lender seeks foreclosure on two rental properties owned by Vancouver's Sahota family

2018-01-17

Family with history of bylaw violations and maintenance problems now faces foreclosure proceedings Wendy Stueck and Mike Hager The Globe and Mail A lender has filed foreclosure proceedings on two rental properties owned by a Vancouver famil…

U-Six a great investment near UBC Okanagan

2018-01-13

Units a fraction of the price of those near UBC in Vancouver ROBIN BRUNET The Vancouver Sun Students attending university as well as the parents funding them - are often faced with accommodation challenges. Finding housing on campus is diff…

Semiah at 1439 George Street White Rock a 14 storey tower with 88 homes by Marcon Developments

2018-01-13

Impressive outlooks to be on offer at Marcon?s Semiah in White Rock Kathleen Freimond The Vancouver Sun Semiah Project address : 1439 George Street, White Rock Developer : Marcon Developments Architect : Arno Matis Architecture Interior des…

Royal Le Page crowns 2017 the 'year of the condo'

2018-01-12

Steve Randall Canadian Real Estate Wealth Home prices slowed generally in the fourth quarter of 2017 but the condo sector, especially in the GTA and Vancouver, outpaced the market. Royal Le Page says that 2017 was the year of the condo as a…

BC Home Sales Above 100,000 for Third Consecutive Year

2018-01-12

BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 103,763 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in 2017, a decline of 7.5 per cent from a re…

Housing permits fall for first time in 3 months

2018-01-11

Steve Randall REP The value of building permits issued has declined for the first time in three months as both residential and non-residential intentions slipped. The newly-released figures from Statistics Canada for November 2017 show a 7.…

Record keeping key to making informed decision on strata matters

2018-01-11

Tony Gioventu The Province Dear Tony: We have been following a number of your columns this fall on easements and discovered our strata has an easement with a neighbouring property that requires us to maintain and repair the fence dividing o…

Juneau 147 homes at 4465 Juneau Street Burnaby by Amacon

2018-01-11

Standout touches distinguish Amacon's Juneau Mary Frances Hill The Province Juneau What: 147 homes, including five townhouses Where :  4465 Juneau St., at Willingdon, Burnaby Residence sizes and prices: One- to three-bedrooms…

How are you marketing yourself to your clients?

2018-01-10

REP North America’s top real estate coach says realtors live on three separate planets. Which one you live on will be determined by how you market yourself. For Craig Proctor, and the thousands of agents who have enlisted his coaching…

Luxury living here to stay, says Sotheby's

2018-01-10

Neil Sharma REP Coming off a strong showing in 2017, luxury real estate markets in Canada’s three largest cities will remain robust this year, according to Sotheby’s International Realty Canada’s Top-Tier Real Estate Repor…

Tighter rules might boost activity in Canada's mortgage bond market

2018-01-10

Ephraim Vecina REP The Canadian government is increasingly reluctant to insure mortgages against default. That may end up giving new life to a nascent bond market in the nation. For decades, most home loans made in Canada were made by the b…

Home sales in B.C. expected to decline in 2018 - economists

2018-01-08

Ephraim Vecina Canadian Real Estate Wealth An upward trend in housing prices isn’t expected to significantly change in British Columbia despite an anticipated slowdown in sales this year, economists said. The B.C. Real Estate Associat…

Micro-suites should be no small consideration in 2018

2018-01-08

Neil Sharma Canadian Real Estate Wealth Affordability and new mortgage rules may not only result in a pronounced exodus from Vancouver into its surrounding municipalities this year, they could drive people into smaller abodes, too. Alture P…