Real Estate News & Articles

CMHC says pace of housing starts slowed in September as multi-unit starts slipped

2017-10-10

Canadian Real Estate Wealth The pace of housing starts in Canada slowed in September compared with August, but stayed over 200,000 for the fourth month in a row. Canada Mortgage and Housing Corp. said Tuesday the seasonally adjusted annual …

Amazon is looking at establishing a second headquarters in North America

2017-10-09

The case for Canada other Amazon has made the unprecedented move to announce its intention to build a second headquarters in North America.  More than 100 cities are lining up for the chance to attract Amazon, and the potential 50,000 …

Second + Main 180 East 2nd Avenue 223 homes from 479 to 999 square feet in a 12 storey building by Create Properties

2017-10-07

Project from Create Properties has been attracting more than a little interest Simon Briault The Vancouver Sun Second + Main Project location : 180 East 2 nd Ave., Vancouver Project size : 233 homes ranging in size from 479 to 999 square fe…

Future of historic Gastown may include a car-free Water Street

2017-10-07

Scott Brown The Vancouver Sun A proposal to restrict vehicle traffic and turn Water Street into a “pedestrian priority” roadway is one of the ideas the city of Vancouver is hoping to get feedback on as it opens public consultati…

Vancouver's mayor makes move to give locals first crack at condo pre-sales

2017-10-07

Mayor moves to offer locals first crack at condo pre-sales Scott Brown The Vancouver Sun Mayor Gregor Robertson will introduce a motion at the next meeting of city council (Oct. 17) that he hopes will stop real estate developers from offeri…

Industry reacts to Ontario proposals on multiple representation

2017-10-06

Steve Randall REP The Ontario government has announced proposals to strengthen consumer protection for real estate transactions and two industry bodies have been quick to commend the move. The government announcement - which was expected fo…

Apartments and townhouses push Vancouver activity above historical averages

2017-10-06

Ephraim Vecina Canadian Real Estate Wealth Residential property sales in the Greater Vancouver area shot up by 25.2% on a year-over-year basis last month, a development that the region’s real estate board attributed to the sustained s…

The Grande 300 Morrissey Road Port Moody 220 homes in a 26 storey tower by Onni Group

2017-10-05

The Grande a merging of the contemporary and the timeless Mary Frances Hill The Province The Grande Where : 300 Morrissey Road, Port Moody What: 26-storey tower with 220 homes in the Suter Brook Village community Developer and builder: Onni…

Owners in limbo after proxies used in levy vote

2017-10-04

Proxies put tenants in a pickle Tony Gioventu Times Colonist Dear Tony: Our strata council has put owners in a serious conflict. The council proposed a special levy of $100,000 to remodel our lobby and the owners passed it at a special gene…

Vancouver developer hikes fee for re-assigning a pre-sale condo in effort to dampen speculation

2017-10-04

Pre-sale condos now harder to flip Joanne Lee-Young The Vancouver Sun Condo sales and prices are on fire. And now, developers of a prominent condo project in Vancouver’s West End, which won’t be completed until 2019, are hiking …

Toronto home prices rebound, but sales still slump in September

2017-10-04

The average sale price of a home climbed almost 6% from August, but sales are down 35% from the year before Garry Marr The Vancouver Sun The average sale price of a home in Toronto climbed almost six per cent from August, but sales across t…

Stricter mortgage rules could be in place by January

2017-10-04

Steve Randall REP By the end of October we should have a clear idea of proposed changes to mortgage lending regulations with updated B-20 rules implemented within two to three months. Speaking at an event in Toronto, OSFI superintendent Jer…

Toronto area sees 35 per cent drop in home sales from year ago: real estate board

2017-10-04

REP Home sales in the Greater Toronto Area were down 35 per cent in September compared with the same month last year, although prices generally continued to increase. The Toronto Real Estate Board says sales of all major types of residentia…

Turo drives Airbnb for your car into British Columbia

2017-10-04

Company tailored a framework specific to the province?s own insurance system ANDREW McCREDIE The Vancouver Sun The simplest way to describe peer-to-peer car sharing company Turo is Airbnb for your car. Just like with your condo or house, th…

Vancouver real estate developer tries to avoid receivership, faces lawsuit over private jet dispute

2017-10-04

Dan Fumano The Vancouver Sun Real estate developer Mark Chandler is fighting this week to keep his troubled Metro Vancouver condo project out of receivership, as his creditors attempt to recover millions of dollars they allege they’re…

Year-old mortgage rules - stress test - could halt entire housing market

2017-10-04

Neil Sharma Mortgage Broker News A year after the federal government introduced a slew of mortgage rule changes, including a stringent mortgage stress test, Dominion Lending Centres argues that the entire housing market could be imperilled …

September home sales in Vancouver up from year ago mark, board says

2017-10-03

REP September home sales in Vancouver were up compared with year ago, however sales fell compared with August. The Real Estate Board of Greater Vancouver says there were 2,821 homes sold in the region last month. That was up 25.2 per cent f…

Greater Vancouver home prices to drop 21 per cent by 2019: analysis

2017-10-03

Technical charts point to prolonged house price slide, technical analyst contends Frank O'Brien Western Investor The average price of a detached house in Greater Vancouver will decline 21 per cent from its recent peak to $1.5 million by 201…

CMHC looking at improving options for self-employed and new Canadians to obtain a mortgage

2017-10-03

Industry reacts to CMHC announcement Neil Sharma Mortgage Broker News The CMHC’s announcement that it may level the playing field for self-employed borrowers, as well as Canadians new to the country, is being lauded by industry inside…

Passive highrises at 1400 Alberni St planned for Vancouver's West End

2017-10-02

Goodbye glass: New York-style condo towers proposed for Vancouver's West End Cheryl Chan The Vancouver Sun Vancouver has been called the City of Glass for the tall, thin, glass condos that dominate the downtown landscape. But a new proposed…

1990 was the last time owning a home was this unaffordable

2017-10-02

Steve Randall Canadian Real Estate Wealth Owing a home continues to be elusive for many Canadians as affordability remains a major challenge. In fact, due to the heat in the Toronto and Vancouver markets in particular, you’d have to g…

CMHC explores cutting red tape for self employed borrowers

2017-10-02

Joanna Smith REP The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can afford to pay the mortgage. "Right now, under our…

Five ways to maximize your investment property

2017-10-02

Neil Sharma Canadian Real Estate Wealth Wasim Elafech of Century 21 Bravo Realty in Calgary is among the banner brokerage’s top sales agents in the world. Century 21 operates in 78 countries with over 100,000 agents, and Elafech manag…

B.C. Supreme Court rejects condo-building sale attempt

2017-10-02

Dissenting owners convince judge that strata did not follow Bill 40 process Glen Korstrom Business in Vancouver A group of condominium owners won a huge court victory over their neighbours September 21 when BC Supreme Court Justice Warren M…