Real Estate News & Articles

Property surtax takes aim at 'free-riding' homeowners

2017-12-06

Proponents say proposal would bring more fairness to Vancouver?s real estate market Dan Fumano The Vancouver Sun The idea of a property surtax linked to income taxes was proposed almost two years ago by several local academics as a way to b…

November Home Sales in Toronto Down 13% Compared to Last Year

2017-12-05

Slight drop in average sale price compared with last year due to fewer detached homes being sold other The Toronto Real Estate Board says demand for home ownership in the Greater Toronto Area bucked a seasonal trend in November with 7,374 h…

REBGV reported sales eased 7.5% over October

2017-12-05

Vancouver sales up 26.2% last month Steve Randall Canadian Real Estate Wealth There was a jump in home sales in greater Vancouver in November, up 26.2% year-over-year. Greater Vancouver Real Estate Board reported that the 2,214 sales eased …

Juneau at 4465 Juneau Street Burnaby 147 homes in a 23 storey tower by Amacon

2017-12-02

Amacon?s Juneau to take its place in amenity-rich Brentwood neighbourhood Simon Briault The Vancouver Sun Juneau Project location : 4465 Juneau St., Burnaby Project size : 147 homes with one to three bedrooms, ranging in size from 515 to 1,…

B.C. home sales volume to decline in 2018

2017-12-01

Ephraim Vecina Canadian Real Estate Wealth The British Columbia Real Estate Association predicted continued cooling of the provincial housing market in 2018, but it cautioned would-be home buyers that prices likely won’t soften. The a…

Agent and broker advice will be crucial in 2018

2017-12-01

Neil Sharma REP A new REMAX survey revealed most Canadians are in the dark about the looming mortgage lending rules, but that doesn’t mean they have to be left behind when they’re ready to buy. Christopher Alexander, regional di…

CMHC insurance in force falls $28 billion from a year ago

2017-11-30

Steve Randall Canadian Real Estate Wealth The mortgage regulations implemented in the fourth quarter of 2016 have led to a large decrease in insurance-in-force at CMHC. The agency released its annual report Wednesday which shows it provided…

Vancouver developers fear 'alarming' land prices hinder profit

2017-11-30

Some newly completed condos are selling for less than the pre-sale price paid during construction Frank O'Brien Vancouver Courier Vancouver developer and architect Michael Geller warns that land has been selling at such high price…

Vancouver council approves 'bold, ambitious' 10-year housing strategy

2017-11-30

City council approves 10-year housing strategy after lengthy debate Dan Fumano/Nick Eagland The Vancouver Sun After hearing from dozens of speakers throughout the day and following a lengthy — and at-times heated — debate, Vanco…

Considerable implications where easements are concerned

2017-11-30

Consider easements? implications Tony Gioventu The Province Dear Tony : The property next to our strata corporation has been sold and a new development is about to start construction. Our building is a relatively new highrise with 10 townho…

Elenore on Fifth 58 homes in an 8 level terraced building at 2106 Main Street by Card Development

2017-11-30

Elenore on Fifth a standout in Mount Pleasant Mary Frances Hill The Province Elenore on Fifth What: 58 homes featuring steeped terraces that offer views of the North Shore mountains and downtown Vancouver Where: 2106 Main St., Vancouver Dev…

BC Home Sales Forecast to Decline Again Next Year

2017-11-29

Tougher mortgage environment creating ?headwinds? that could further reduce buying activity and dampen price rises, says BCREA Joannah Connolly REW Rising interest rates and a tough mortgage stress test will combine to reduce home sales in …

New initiative to boost purpose built rental development

2017-11-29

Justin da Rosa Canadian Real Estate Wealth Ontario is encouraging developers to build purpose-built rental housing by offering millions in rebates. The province is offering rebates for development charges on new, purpose built rental housin…

No relief for renters could be boon for investors

2017-11-29

Neil Sharma Canadian Real Estate Wealth Renters in Canada’s two largest markets will still be fighting over scraps next year. The CMHC Rental Market Report on the country’s rental markets revealed Ontario and British Columbia ha…

Government meddling in real estate will not fix it - analyst

2017-11-29

Ephraim Vecina Canadian Real Estate Wealth The Liberals’ latest plan to fix the Canadian housing market’s problems might prove to be a valiant but ultimately futile attempt, according to veteran markets analyst Don Pittis. Writi…

BoC flags risk from low-ratio mortgage loans

2017-11-29

Bank of Canada has released its assessment of the financial system Steve Randall Canadian Real Estate Wealth The Bank of Canada has released its latest assessment of the financial system and has once again highlighted risk from mortgages. W…

We must go all-in to solve B.C.'s housing crisis

2017-11-28

Western Investor editor Frank O'Brien suggests some radical ideas to deliver affordable homes in B.C.?s pricey Lower Mainland Frank O'Brien Western Investor B.C.‘s Lower Mainland now has more than 70 homeless camps, and if it is to av…

A 10 day cooling off period for pre-sale condos

2017-11-27

10-day cooling off period is crucial Neil Sharma REP With a condo boom in full swing throughout the country, buyer’s remorse is likely to rise. Fortunately, the government implemented a 10-day cooling off period during which purchaser…

Clayton Walk 143 townhomes at 18505 Laurensen Place Surrey by Anthem Properties

2017-11-25

Space, pricing among the draws of Clayton Walk townhouses Michael Bernard The Vancouver Sun Clayton Walk Project Address: 18505 Laurensen Place (185 th and Fraser Highway) Surrey Project Scope: A total of 143 two-, three- and four bedroom t…

Tech increasingly influential in real estate industry

2017-11-24

Justin da Rosa REP The home buying process is increasingly taking place online, and that trend has picked up steam following two new industry announcements this week. Earlier this week, Meridian Credit Union launched two new digital lending…

Vancouver's 10-year housing strategy sees densification of vast swaths of the city

2017-11-24

Wide-ranging strategy includes setting home production goals based on local income levels Dan Fumano The Province Vancouver’s new 10-year housing strategy, a plan more than 14 months in the making, covers a lot of ground. The Housing …

Low vacancies, rising prices pressuring Vancouver industrial market

2017-11-23

Steve Randall REP Metro Vancouver’s vacancy rate for industrial real estate is trending lower, pushing up prices and creating pressure in the market. The vacancy rate hit 1.6% at the end of the third quarter of 2017, down from the 1.8…

Subdividing common property can affect value of each lot

2017-11-23

Tony Gioventu The Province Dear Tony : Our strata corporation negotiated a section of our common property with the Ministry of Highways for a highway-improvement project. They approached us with an offer for the unused common land that was …

Viridian 57 townhomes at 3618 150th Street Surrey by Portrait Homes Viridian Ltd

2017-11-23

Viridian showcases both style and substance Mary Frances Hill The Province Viridian Where : 3618 150th St., Surrey What : 57 townhomes with two-car garages Residence sizes and prices : Two to three bedrooms, 2,060 – 2,486 sq. ft.…