Real Estate News & Articles

How to Sell a Home When You Have Pets

2017-11-22

Mariko Baerg REW While some homeowners have strict outside-only pet rules, most allow their animals inside their homes and their pets are considered as part of the family. If you are selling a home with pets, it is very likely that you&rsqu…

Liberals unveil affordable housing strategy

2017-11-22

Justin da Rosa Canadian Real Estate Wealth The government announced Wednesday a 10-year, $40 billion National Housing Strategy aimed at improving housing affordability for Canadians. “Everyone deserves a safe and affordable place to c…

Vancouver office sale prices already approaching red-hot condo costs

2017-11-22

Ephraim Vecina Canadian Real Estate Wealth The sum involved in a just-concluded office sale in Vancouver has pushed the city’s commercial property segment towards a direction that has left industry observers bewildered with its pace. …

Major department stores struggle to remain relevant

2017-11-21

Sears gone, Hudson?s Bay selling flagship stores as major retailers blindsided by changing shopping environment Glen Korstrom Western Investor Sears Canada plans to close all its stores and liquidate its assets in the lead-up to the holiday…

Marriott considers capitalizing on Vancouver's luxury hotel potential

2017-11-20

Marriott Canada floats idea of opening a Ritz-Carlton and a W hotel in to maximize on the city's lodging market Glen Korstrom Western Investor Marriott International Inc. is letting hotel owners know that it is interested in opening several…

Foreign investors exploiting loopholes in the foreign buyer tax

2017-11-20

Neil Sharma REP Foreign buyers, most of whom are Chinese, have found ways to circumvent the foreign buyer tax, often with the help of their children. “I’ve seen 20-year-olds pay for condos with cash,” Jay Flemming, a sales…

$36.2 million North Vancouver estate sets new record

2017-11-20

Steve Randall Canadian Real Estate Wealth A North Vancouver estate has set a new record with a price tag of $36.2 million. Sotheby’s Realty Canada has listed the estate at 2250 Indian River Crescent as a single parcel for the first ti…

Reeling Home Capital Group eyeing presence in commercial sector

2017-11-20

Neil Sharma Mortgage Broker News Home Capital Group’s $30mln third-quarter net income is substantially less than it was during the same period last year, but the embattled lender claims it’s on the cusp of becoming a major playe…

Pacific Heights by Foxridge Homes 16752 18th Avenue Surrey 28 single-family homes

2017-11-18

Customizable luxury at South Surrey's Pacific Heights Simon Briault The Vancouver Sun Pacific Heights by Foxridge Homes Project location : 16752 — 18 Ave., Surrey Project size : 28 single-family homes with four or five bedrooms, start…

Airbnb, Expedia opt to stay in Vancouver under restrictive rules

2017-11-17

Bloomberg Airbnb and Expedia’s HomeAway unit will continue to operate in Vancouver even as the city passes restrictive rules on short-term home rentals amid rising housing prices. The two companies confirmed in separate statements tha…

BC becomes first province to ban dual agency

2017-11-17

Steve Randall Canadian Real Estate Wealth British Columbia is introducing new rules from spring next year designed to strengthen consumer protection. The Office of the Superintendent of Real Estate announced this week that new measures woul…

B.C. real estate watchdog bans controversial practice of 'dual agency,' despite industry objections

2017-11-16

B.C. real estate regulator bans dual agency Dan Fumano The Province Over objections from the industry, B.C.’s real estate regulator will prohibit the controversial practice of dual agency — where a single realtor represents both…

Second + Main 180 East 2nd Avenue 233 homes in a 12-storey building by Create Properties

2017-11-16

Second + Main reflects the comforts of home Mary Frances Hill The Province There’s the rigor of work, there’s the comfort of home and there’s the good fortune of Lucas van den Berg, who recognized the warmth and familiar f…

Be sure to review depreciation reports every year

2017-11-16

Check depreciation reports every year Tony Gioventu The Province Dear Tony : Our council recently put two items on our agenda at our annual general meeting to approve contingency funds for repairs and upgrades. One was the roofing on our ei…

How to Avoid the New Mortgage "Stress Test"

2017-11-16

Joannah Connolly REW Home buyers in BC and across Canada are bracing themselves for strict new qualification rules coming into force in January for mortgage applicants who have more than 20% as a down payment. Those buyers will have to unde…

Heather and Seventeenth 717 West 17th Avenue 16 homes in a 4 storey building by Terra Blanka

2017-11-16

Sublime Luxury Homes at Heather and Seventeenth REW West Side Vancouver is one of most sought-after and coveted neighbourhoods; home to gorgeous tree-lined streets, stately homes and is within close proximity to Cambie’s charming vill…

City of Vancouver legalizes some short-term rentals

2017-11-16

Short-term rentals of principal residences will be allowed provided owners have a licence and pay an activation fee Glen Korstrom Western Investor Vancouver city council has voted to make it legal for homeowners and renters to provide short…

Foreign buyers remain resolute in Richmond

2017-11-15

Foreign nationals were involved in 3.4 per cent of all Vancouver transactions Graeme Wood Vancouver Courier Foreign influence in Richmond real estate remains strong and steady, according to recent data released by the B.C. Ministry of Finan…

Vancouver Named Sixth-Best Global City for Families

2017-11-15

REW Vancouver has placed sixth in a ranking of the world’s best cities for families, released November 15 by German real estate portal Homeday. After surveying hundreds of parents on what makes a great city for a family, the company r…

Empty home tax info mailed to Vancouver homeowners

2017-11-15

Steve Randall REP Owners of residential properties in Vancouver are beginning to receive their advance property tax notices with an added extra –  information on how to make an empty home tax declaration. “Vancouver renters…

Superintendent of Real Estate approves new rules to strengthen consumer protections when working with real estate licensees

2017-11-15

OSRE other The Office of the Superintendent of Real Estate (OSRE) is introducing new rules to improve consumer protection in the real estate industry. These rules will: Require enhanced disclosure of real estate licensee remuneration that w…

BC Home Sales Rise Despite Low Level of Supply

2017-11-14

BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,677 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, an increase of 19.3 per cent from the same period last…

Vancouver market could moderate by Q3 2018 - BCREA

2017-11-13

Ephraim Vecina Canadian Real Estate Wealth A real estate association watching Metro Vancouver’s tight and costly housing market predicted conditions should begin to moderate by the third quarter of 2018. Last week, the British Columbi…

The Pacific 886 Pacific Street 214 condos and townhouses in a 39 storey tower by Grosvenor Americas

2017-11-11

Grosvenor Americas? The Pacific to take a prime position in downtown Vancouver Michael Bernard The Vancouver Sun The Pacific Project location:   886 Pacific Street. Vancouver (Pacific and Hornby) Project scope:   214 condominium a…