Real Estate News & Articles

Multi-family sales dip amidst government intervention

2017-10-24

A new report shows a 23 per cent decrease in Metro Vancouver apartment sales and cautions that municipal intervention may hinder the proposed new supply Tanya Commisso Western Investor   Multi-family sales have slowed by a third year-o…

City's west side tops list for Canada's priciest location

2017-10-24

Vancouver's west side tops list of Canada's priciest real estate markets Derrick Penner The Vancouver Sun No one in Metro Vancouver needs to be told Vancouver’s west side is a pricey place to buy a home, but real estate firm Century 2…

Vancouver-Seattle floatplane flights on the horizon

2017-10-24

Direct Vancouver-Seattle floatplane flights expected next year Dan Fumano The Vancouver Sun Direct floatplane flights connecting downtown Vancouver and Seattle are expected to be running regularly by next spring, but Vancouver’s mayor…

Why longer amortization may start trending

2017-10-23

Steve Randall REP When the new tighter restrictions on mortgage lending come into effect in just over two months they could spark a new trend – longer amortizations. With OSFI’s stress test requiring borrowers of uninsured mortg…

Home inspections are one of the most important facets of buying and selling homes

2017-10-23

Home inspections save money Neil Sharma Canadian Real Estate Wealth Home inspections are one of the most important facets of buying and selling homes, but, unfortunately, they’re often overlooked. Such has been the case during Toronto…

Powered by solar energy the ARKUPP livable yacht is environmentally friendly

2017-10-23

Ride out climate change and rising waters in your ARKUP floating home Lloyd Alter other TreeHugger is all about sustainable design, so what's not to love about the new ARKUP livable yacht? The designers claim that it is "environmentally fri…

WeWork's New York deal sends waves through Vancouver commercial real estate sector

2017-10-23

WeWork deals show tightness of local office market Derrick Penner The Vancouver Sun The $1-billion deal that saw commercial real estate firm WeWork buy the Hudson’s Bay Co.’s flagship Lord and Taylor store in New York will spark…

Headwaters Club 15436 31st Avenue Surrey 88 homes in a 4 storey building by Lakewood homes

2017-10-21

Development situated close to amenities and transit, yet tucked away in a forested enclave ROBIN BRUNET The Vancouver Sun The advantage of purchasing a new condominium in a region such as South Surrey is affordability without sacrificing co…

Evolv35 312 Moody Avenue North Vancouver 35 four bedroom townhomes by Guildford Brook Estates

2017-10-21

Evolv35 townhomes incorporate a feature that's anything but ordinary: the 'lock-off suite' Michael Bernard The Vancouver Sun An artist's rendering of Evolv35, a project from Guildford Brook Estates Developments in North Vancouver. [PNG Merl…

CMHC chief alarmed by growth of unregulated lenders

2017-10-21

Canada housing agency concerned by unregulated lenders' growth MATT SCUFFHAM The Vancouver Sun New rules meant to cut out risky lending by Canadians banks are pushing home purchasers into the arms of unregulated lenders, the head of the nat…

OSFI rule change will protect against tail risk of correction

2017-10-20

Steve Randall Canadian Real Estate Wealth The changes to OSFI’s B-20 guideline which will tighten mortgage lending criteria from January has not been widely welcomed, but Fitch says it’s a good thing. The ratings agency says tha…

OSFI's tighter stress test could push home buyers out of the market

2017-10-20

Homebuyers beware Neil Sharma REP While it’s unlikely the next interest rate hike, expected December 6, will be too cumbersome for homeowners, especially those on fixed-rate mortgages, prospective homebuyers will feel the heat. Accord…

Stress test to hit 'move-up' home buyers the hardest

2017-10-20

Ephraim Vecina Canadian Real Estate Wealth The newest set of mortgage restrictions announced by the Office of the Superintendent of Financial Institutions (OSFI) will hit home buyers looking to upgrade to new properties the hardest, accordi…

Why researching your rent-to-own company is important

2017-10-20

Neil Sharma Canadian Real Estate Wealth While rent-to-own purchases are becoming more popular, it’s important to know who you’re dealing with, and to balance the risks and rewards. According to Bob Aaron, a real estate lawyer wi…

Goh's career required leap of faith

2017-10-20

Ballet guru went from penniless to lifetime achievement award GORDON MCINTYRE The Vancouver Sun Her parents Choo Chiat and Lin Yee started teaching ballet in 1978 at a W. 12th Avenue basement studio with a ceiling so low, dancers were unabl…

Workers protest over unpaid bonuses at Chinese iPhone supplier

2017-10-20

Apple announces investigation, vows to redress payment discrepancies ERIKA KINETZ The Vancouver Sun Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier’s factory in eastern China to prot…

Keep proxy votes in check

2017-10-19

Make sure to take steps to prevent abuse Tony Gioventu The Province Dear Tony: Thank you for your column about fraudulent proxies and voting results. Unfortunately, the column did not get to the point of what we do with proxies that don&rsq…

Southside 16480 22nd Avenue South Surrey 50 single family homes by Miracon Development

2017-10-19

Southside reflects both polish and practicality Mary Frances Hill The Province Southside Where : 16480 22nd Ave., South Surrey What : 50 single-family wood-framed homes with detached garages and finished basements Residence s…

Vancouver's made it easier to get a housing permit

2017-10-19

Steve Randall Canadian Real Estate Wealth The process of getting a development permit in the City of Vancouver has improved over the past year and is expected to continue to do so. The city’s mayor says that efforts to speed up proces…

Stringent NEW Canadian Mortgage Rules take affect January 1st, 2018

2017-10-18

other Office Of The Superintendent Of Financial Institutions (OFSI) has finalized NEW mortgage rules applicable on all federally regulated banks.  The new rules officially start January 1, 2018.  This will dramatically change the …

OSFI says stress test, other lending rule changes will start Jan 1

2017-10-18

Steve Randall Canadian Real Estate Wealth OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. The revised Residential Mortgage Underwriting Practices …

The new mortgage guidelines have stricter stress test

2017-10-17

OSFI releases final B20 guidelines Canadian Real Estate Wealth Canada's banking regulator has published the final changes to its guidelines for residential mortgage underwriting, including a financial stress test for buyers who don't need m…

Furry Creek golf course buyer eyes residential development

2017-10-17

China-backed Fine Peace Canada plans to upgrade the 152-acre course with waterfront homes and hotel Frank O'Brien Western Investor The sale of the Furry Creek Golf & Country Club closed on October 10, as China-backed Fine Peace (Canada)…

Bombbomb is a video means of sending emails

2017-10-16

Using video to close deals Neil Sharma REP BombBomb is fast becoming a favourite tool among sales agents to follow up on leads and close deals. Rather than writing uninspired emails, as most professionals want to do, BombBomb allows users t…