Real Estate News & Articles

$7M from Feds to assist builders of the 11-storey tower to meet net zero energy and passive house standards

2022-07-29

Feds contribute $7 million for $81M passive house tower in Coal Harbour Mike Howell Western Investor Vancouver MP: ‘Once completed, the fully electrical building will emit 94 per cent less GHG emissions than a standard building’…

78.8 acres land in Squamish District sells for $5.8 million

2022-07-28

Squamish District 78.8-acre rural parcel finally sells London Pacific Property Agents Inc. Western Investor Listed off-and-on the market for about seven years, the acreage is on the Squamish River in Brackendale, B.C., and sold in July for …

Long-term growth is expected to continue despite fears surrounding higher interest rates

2022-07-28

Survey: Home prices remain on a strong growth trend Ephraim Vecina other Increases were particularly notable in suburbs and smaller communities While interest rates have been on the rise for the past few months, the Canadian housing market …

New development proposal for downtown Kelowna has been turned down by city council

2022-07-27

Kelowna says 'no for now' for three-tower downtown development Wayne Moore Western Investor City council has turned down a proposal for a massive development on Coronation Avenue – but leaves its options open   A massive three-to…

Kelowna says 'no for now' for three-tower downtown development

2022-07-27

New development proposal for downtown Kelowna has been turned down by city council Wayne Moore Western Investor City council has turned down a proposal for a massive development on Coronation Avenue – but leaves its options open &nbsp…

Kitsilano supportive housing project approved by Vancouver City Council

2022-07-27

Vancouver council backs controversial Kitsilano social housing development David Carrigg The Vancouver Sun Thirteen-storey B.C. Housing project at Arbutus and 7th Avenue will provide permanent shelter for 129 homeless people   An artis…

Most dense highrise development ever proposed for Canada

2022-07-27

Douglas Todd: Why is Vancouver so secretive about this First Nations' highrise project? Douglas Todd The Vancouver Sun Opinion: With bulldozers moving in and roadways being prepared on park grass, Kitsilano residents near the Senakw project…

New home sales numbers for June reinforced the expected easing of sales from last year

2022-07-26

Ontario home sales activity still slowing down Ephraim Vecina other The rapid rise in interest rates and continually elevated inflation levels are taking their toll   New home sales in Ontario continued to ease in June, a trend that wa…

Metro Vancouver's vacancy rate has eased to 0.5% due to huge increase in supply | Colliers

2022-07-26

Metro Vancouver industrial vacancies ease as supply increases Frank O Brien Western Investor With more than 1.7 million square feet added this year – and more on the way – the vacancy rate has eased to a still-tight 0.5 per cent…

Canada's housing market in the throes of a sharp decline in sales

2022-07-26

Calgary housing market - where opportunities remain Fergal McAlinden other The city's market has cooled in recent weeks, although prices remain robust   With Canada’s housing market in the throes of a sharp decline in sales and a…

B.C seeks cash control to tackle Canada's immigration mess

2022-07-26

Daphne Bramham: With Canada failing to meet its immigration promises, B.C. needs more control Daphne Bramham The Vancouver Sun With the system in shambles, provinces like B.C. want more control over who comes and more money to settle newcom…

Mortgage brokers recommend to clients who can't qualify through a bank

2022-07-25

What brokers need to know about rent-to-own options Fergal McAlinden other A 'people first and property second' approach is essential, says expert   Among the options that mortgage brokers recommend to clients who can’t qualify t…

Homebuyer protection period includes a cancellation fee of 0.25% of the purchase price

2022-07-21

B.C. slaps three-day cooling off period on real estate sales, starts Jan. 1 Gordon Hoekstra The Vancouver Sun The homebuyer protection period, the first of its kind in Canada, goes into effect on Jan. 1, 2023. The B.C. government announced …

Luxury properties intensified in 2021 with both domestic and non-resident activity

2022-07-21

Luxury markets start to normalize following surge Micah Guiao other The period of its "historically anomalous performance" is over   The major metropolitan luxury real estate markets broke consecutive records throughout 2021, but have …

Affordable new housing units it intends to create by 2028 | The Province

2022-07-21

Province backs off goal to build 114,000 new homes Peter Mitham Western Investor Units added to the secondary rental market now part of the tally The province says it won't build the 114,000 affordable new housing units it intends to create…

85 acres Crown land in Edmonton sells for $13.5 Million

2022-07-21

Edmonton 85 acres with industrial potential sells for $13.5 million Western Investor Staff Western Investor The parcel is Crown land but seen as ripe for future industrial development due to its location next to large Apex Business Park. &n…

Canada's inflation rate rises to 8.1% in June 2022

2022-07-20

Canada's inflation rate surges even higher Fergal McAlinden other Latest figures mark the largest yearly increase since 1983 The inflation rate in Canada rose once again in June, climbing 8.1% over the same month last year in its biggest ye…

Re/Max housing affordability surveyed conducted by Leger

2022-07-20

Many willing to relocate to find an affordable - home but not too far: Re/Max study Joseph Ruttle The Vancouver Sun Housing prices keep soaring in B.C. and other Canadian hot spots, but "the market is starting to cool and balance itsel…

Bank of Canada announces a 1% interest rate increase

2022-07-19

What's next for Canada's housing market? Fergal McAlinden other A recent rate jump marks a "hammer to housing" according to a BMO economist   It’s clear that interest rate increases are having a strong impact on Canada’s ho…

Majority of metro areas rental markets went up in July

2022-07-18

Revealed: The most and least expensive rental markets in Canada in July Micah Guiao other The report looks into the 23 most populous metros in the country   Although there have been signs pointing to a cooling housing market, Canada&rs…

Canadian real estate in recent weeks has been a spike in "delistings,"

2022-07-18

The froth is off: Canadian houses now selling at $200K discounts Tristin Hopper The Vancouver Sun The plunge is merely a correction of a Canadian real estate market that has long operated beyond any reasonable notion of economic fundamental…

BoC's intention to "frontload" policy rate could peak as early as September | CIBC

2022-07-18

Bank of Canada rate could peak in September, says CIBC economist Fergal McAlinden other Could one more supersized increase conclude the central bank's rising-rate trajectory?   The Bank of Canada’s intention to “frontload&r…

Housing starts activity in Canada remains historically high since 2020

2022-07-18

Canada records over 273,000 housing starts in June Michelle McNally Livabl   The number of new being built in C anada dropped slightly between May and June, but housing start levels remain at a high. New data released by the Canada Mor…

The provincial economy is too dependent on large-scale in-migration to bring in capital, say economists

2022-07-16

Analysis: B.C. has an unusual economy because it hinges so heavily on "outside money," say economists. How long can it go on? Douglas Todd The Vancouver Sun   When 100,000 people move into B.C. and buy real estate and services “i…