Real Estate News & Articles

The Office of the Superintendent of Financial Institutions is finalizing new lending guidelines

2017-10-16

OSFI's proposed mortgage measure unnecessary, harmful-Fraser Institute Ephraim Vecina REP A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, according to a recent report from the Fraser Ins…

With single-family homes priced above what homeowners can pay, they are looking for Condos

2017-10-16

Vancouver condo market in demand Neil Sharma Canadian Real Estate Wealth Vancouver’s condo market supply is lagging well behind demand, putting a major premium on units. Royal LePage’s Randy Ryalls Randy Ryalls, general manager …

Explosive growth in strata projects in Coquitlam, New West and Surrey, yet affordability has plunged

2017-10-16

Condo affordability has plunged in key Vancouver suburbs Michael Mata Canadian Real Estate Wealth Increased housing supply is often touted as the panacea to Metro Vancouver’s affordability crisis, with a developer group urging mass re…

5 liveability factors Chinese look at when buying homes abroad

2017-10-16

other Chinese buyers are expected to spend close to $80 billion on overseas property in 2017 , but how do we tell where they intend to invest in? We look at the Economist Intelligence Unit’s ranking of the world’s most liveable …

There's just no containing their backyard success

2017-10-16

B.C. couple who turn shipping pods into swimming pools are doing brisk business The Vancouver Sun Well, he recently did a promotion with Walt Disney for its new cable TV series Siren. A mermaid swam in one of its pools at Comic-Con in New Y…

Imperial 15633 Mountain Drive Surrey 87 three level townhomes by T.M. Crest Homes

2017-10-14

Imperial townhomes have plenty of space, with three levels and up to five bedrooms Michael Bernard The Vancouver Sun Imperial Project location: 15633 Mountain View Dr., Surrey Project scope:  87 four- and five-bedroom three-level townh…

The many ways Realtors strengthen communities across our region

2017-10-14

Realtors contribute millions to charity and give countless volunteer hours to a range of causes ROBIN BRUNET The Vancouver Sun Arguably, no other professional group has a firmer grip on the pulse of communities than Realtors. Their job is, …

Price of Metro Vancouver condos surge, detached homes drop: survey

2017-10-13

Tiffany Crawford The Province Metro Vancouver condo prices surged in the third quarter, according to a new real estate price survey released Thursday. Royal Lepage’s survey found the median price of a condominium rose by 17.…

It's been six years since house prices last did this

2017-10-13

Steve Randall REP House prices in Canada’s five most populated housing markets rose at a balanced, healthy pace in the third quarter of 2017, the first time in six years that this has happened. Home prices in the Greater Toronto Area,…

Construction of 85-storey residential/commercial tower begins in Toronto

2017-10-13

Ephraim Vecina Canadian Real Estate Wealth Work on what is set to become the tallest liveable building nationwide has begun in Toronto last week, the structure’s developer announced. The One, touted by developer Foster + Partners as a…

Apartment Source - Colliers October 2017

2017-10-12

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Home Sales, Prices across BC Rise Again in September

2017-10-12

Joannah Connolly REW The number of homes sold on the Multiple Listing Service® in BC in September rose nearly 10% year over year, and 5% from August, according to a report by the British Columbia Real Estate Association (BCREA) publishe…

No tenant, no problem in Vancouver as new office towers break ground on speculation

2017-10-12

No tenant, no problem as local office space market heats up Garry Marr The Vancouver Sun There was nothing to buy in Vancouver’s increasingly hot office market, so GWL Realty Advisors and its partners did the next best thing — t…

Determinations of negligence can be complicated

2017-10-12

Plumber may prevent leaks Tony Gioventu The Province Dear Tony : Our highrise has had a number of waters leaks over the past year relating to toilets, showers, shower enclosures and fridge water lines.  Our strata council has issued no…

Currents at Water's Edge 3188 Riverwalk Avenue 141 homes in two 6-storey buildings by Polygon Currents Homes Ltd

2017-10-12

Currents at Water's Edge takes a serene riverfront location Mary Frances Hill The Province Currents at Water’s Edge Where :  3188 Riverwalk Avenue, Vancouver What : 141 homes in two boutique concrete buildings; the sixt…

West End luxury condo tower could mean loss of 130 affordable units

2017-10-12

'Mixed emotions' over highrise plan Joanne Lee-Young The Province Architects hired by the owners of a site at 1400 Alberni St. in the West End have posted a rezoning application that proposes two luxury residential towers that would showcas…

BC Home Sales Ratchet Higher in September

2017-10-12

BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,340 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 9.9 per cent from the same period las…

After 8 months, housing starts paused last month

2017-10-11

Steve Randall REP There was a decline in Canada’s housing starts in September, following eight months of trending upwards. CMHC reports that the six-month trend of starts slipped to 214,821 last month from 220,573 in August. “Ho…

Government eyeing 'all options' to cool Vancouver housing market

2017-10-11

Natalie Obiko Pearson? With assistance by Tiffany Kary, and Erik Hertzberg REP Vancouver’s million-dollar home prices aren’t just straining buyers, they’re holding back investment and businesses, said British Columbia&rsqu…

Federal tax agency takes developers to court over purchase contract assignments

2017-10-11

Ephraim Vecina Mortgage Broker News After successfully bringing the companies behind Vancouver’s Marine Gateway and the Residences at West to court last July, the Canada Revenue Agency has obtained court orders against Westbank of the…

Dual Agency Update

2017-10-11

More on dual agency Ross Wilson REM People have expressed concern that a sales rep cannot honestly represent the interests of two or more rival parties simultaneously. There may be some truth to this, for the risk of conflict of interest is…

What China's eased capital controls mean for Chinese buyers

2017-10-11

China has relaxed its capital controls for the first time this year, scrapping two rules meant to bolster the renminbi (RMB) other The People’s Bank of China (PBoC) – China’s central bank – recently abolished a rule …

Mortgage carrying costs to rise 8% for new buyers says Scotiabank

2017-10-10

Steve Randall Canadian Real Estate Wealth Home affordability for first-time buyers is set to take another hit in the coming months as rising prices are exacerbated by rising mortgage costs. In its latest economic forecast, Scotiabank calls …

BCREA ECONOMICS NOW - Canadian Housing Starts - October 10, 2017

2017-10-10

BCREA Canadian housing starts decreased by 4 per cent in September to 217,118 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian housing starts also declined to 214,821 units SAAR. New home construction…