Real Estate News & Articles

Pacific Heights 28 single family homes at 1652 18th Avenue Surrey by Foxridge Homes

2017-12-14

Setting the stage at Pacific Heights Mary Frances Hill The Province Pacific Heights  Where:  16752 — 18 Ave., Surrey What:  28 single-family homes close to Morgan Crossing Project size:  four or five bedrooms;…

Don't make excuses for strata corporation mismanagement

2017-12-14

Tony Gioventu The Province Dear Tony :  Our strata consists of four different strata corporations in Richmond that share a clubhouse, recreational facilities, parking and landscaping areas. Since our community was constructed, all four…

Everything investors need to know about rent-to-own opportunities

2017-12-14

Mortgage Guideline changes foster great Investment Opportunities Canadian Real Estate Wealth With some of the highest consumer debt levels in the world, Canada finds itself in a somewhat precarious situation. The trauma of the global financ…

CREA cuts 2017, 2018 forecast due to incoming tighter mortgage rules

2017-12-14

REP The Canadian Real Estate Association says it has cut its home sales forecast for next year due to the impact of tighter mortgage regulations taking effect in the new year, which will erode affordability. The association representing rea…

Stress test, supply issues will limit home prices says Royal Le Page

2017-12-14

Steve Randall REP The impact of the B-20 mortgage rule changes by OFSI which come into effect in January will, along with supply issues, limit national home prices in the year ahead. That’s the forecast by Royal Le Page which expects …

Metro Vancouver's housing demand swallows industrial land

2017-12-13

Historic Fraser Mills industrial site could be lost in Coquitlam as developers retool for condos Frank O'Brien Western Investor The developer of an 89-acre historic industrial site in Coquitlam is attempting to jettison warehouses and works…

RBC says housing, economy will ease in 2018

2017-12-13

Steve Randall Canadian Real Estate Wealth Canada’s strong economy is set to continue into 2018 but it – and the housing market – are set to moderate. In its latest Economic Outlook, RBC says that although Canada’s ec…

Greater data on foreign ownership is coming

2017-12-12

Steve Randall REP In a week’s time we’ll have a better idea of the impact of foreign ownership of homes in Canada’s hottest markets. Statistics Canada will release data on foreign investment in residential real estate on D…

Vancouver Housing Plan Could Hurt Luxury Market

2017-12-12

The proposal, approved by the city council, would make it harder for foreign buyers to invest in the Canadian city Fang Block other Vancouver’s luxury markets may further cool in 2018 if the city’s proposed measures to quell its…

Bitcoin Hysteria Goes Mainstream

2017-12-12

When your cab driver starts talking about Bitcoin, it?s time to sell Jonathan Ratner The Vancouver Sun Whether it’s the shoeshine boy of decades past, or the taxi driver of more recent times, an old investing adage suggests that when …

Condos proposed for former Port Moody TV factory at 50 Electronic Avenue

2017-12-11

The mixed-use development includes two six-storey condos with 16,942 square feet of commercial space Mario Bartel Western Investor The Panatch Group is presenting the latest proposal for the redevelopment of the former Chisholm Television f…

New restrictive Airbnb legislation could hurt condo investors

2017-12-11

Neil Sharma Canadian Real Estate Wealth The new City of Toronto legislation restricting Airbnb apartments could spell bad news condo investors. The legislation will restrict listings to principal residences and prohibit homeowners from rent…

Greater Vancouver market's home sales volume swells

2017-12-11

Ephraim Vecina REP Residential home sales in Greater Vancouver jumped by about 26% in November compared with the same time a year ago. In its latest data release, the Real Estate Board of Greater Vancouver said that the number of sales last…

Housing starts jump to 10-year high

2017-12-11

Steve Randall Canadian Real Estate Wealth There was a jump in the trend measure of Canadian housing starts in November with many major markets showing an increase. CMHC figures reveal that the 6-month trend was up by almost 10,000 compared …

B.C. changes tenancy regulations to limit rent increases to match area rates

2017-12-11

Rental rule changes provide a break for tenants Linda Givetash The Vancouver Sun Renters in British Columbia no longer need to worry about their landlords hiking up rates to match high rents in hot neighbourhoods. The NDP government announc…

Big changes coming with great anticipation of trading futures, ETFs for cryptocurrency

2017-12-09

Bitcoin is about to get put to the test as the first mainstream exchanges prepare to launch futures trading and ETFs Claire Brownell The Vancouver Sun Cryptocurrency fever was already rampant when Evolve Funds Group Inc. on Sept. 22 announc…

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

2017-12-09

Cascade City to be noteworthy for both its look and its location Kathleen Freimond The Vancouver Sun Project : Cascade City Project address : 5788 Gilbert Road (Tower A currently selling); 5766 Gilbert Road (Tower B, coming soon) Proje…

Home values boost Canadian family net worth

2017-12-08

Steve Randall REP Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. Wealth increased mostly due to the rising value of homes, while debt was also driven by ho…

The Pacific 1380 Hornby Street 214 condos and townhouses is a 39 storey tower by Grosvenor Americas

2017-12-07

Homes at The Pacific designed to feel like 'an oasis within the city' Mary Frances Hill The Province The Pacific What:   214 condominium and townhomes in a 39-storey concrete highrise with expansive views of English Bay and the North S…

Condo fees unique to each property

2017-12-07

No way of determining what's the norm where strata fees are concerned Tony Gioventu The Province Dear Tony :  Our building is only seven years old. With the addition of a resident caretaker and concierge to manage our property, our str…

Toronto buyers will have unrestricted access to housing data

2017-12-07

Michael Mata Mortgage Broker News Thinking of obtaining past home sale prices to inform your buying decision? If you’re scouting for real estate in the Greater Toronto Area, that won’t be easy, as a great deal of the region&rsqu…

BoC hold interest rate at 1 per cent

2017-12-06

Bank of Canada announces rate Andy Blatchford REP The Bank of Canada stuck with its trend-setting interest rate Wednesday _ but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way. The central bank has…

Parking space disappearing in new downtown office developments

2017-12-06

Better public transit options, high cost of building such facilities are behind the change, experts say Evan Duggan The Vancouver Sun The amount of parking spaces included in the next wave of downtown Vancouver office tower development is l…

Condos a bright spot for recovering markets in Vancouver, Toronto

2017-12-06

Condos a bright spot in recovering Toronto, Vancouver markets JULIE GORDON The Vancouver Sun The market for condos and attached properties surged in Canada’s main real estate markets, Toronto and Vancouver, as buyer interest in expens…