Real Estate News & Articles

Borrowing for needed repairs not without risks

2017-08-10

Borrowing is not without its risks Tony Gioventu The Province Dear Tony : Our strata corporation is trying to attempt a major project that includes our roofing and/or balcony deck renewals.  We have had the project detailed and prepare…

Edgewood Gate 96 detached homes at 2113 166 Street Surrey by Foxridge Homes

2017-08-10

At Edgewood Gate, buyers have the opportunity to truly personalize their homes Mary Frances Hill The Province Edgewood Gate Where: 2113 166 Street, South Surrey What : 96 four- and five-bedroom detached single-family homes, with detached, d…

Uber begins ?significant investment? of collecting data on Metro Vancouver

2017-08-10

Uber begins mapping B.C. in anticipation of eventual West Coast launch Stephanie Ip The Vancouver Sun It could be a while before Uber ventures into B.C., but the company is banking on a future here by doing its research and upgrading its ma…

Vancouver housing on fire with biggest price gains since 1990

2017-08-10

Vancouver Housing Posts Biggest Price Gains Since 1990 Greg Quinn Bloomberg Just as Toronto’s housing market is beginning to slow down , Vancouver’s is roaring back to life. New home prices in Canada’s most-expensive marke…

Short-term rentals driving up rents study claims

2017-08-08

Steve Randall REP Rents in Toronto, Vancouver and Montreal are being driven up by a small number of investors who operate as landlords in the short-term rental market, according to a new study. The report from Montreal’s McGill Univer…

New technology set to transform real estate

2017-08-06

other An online tool that has been touted as the biggest shake-up of the real estate industry this century has launched in Perth. The app is the first-of-its-kind in the world that takes pre-contracted buyers through a completely transparen…

Delta Gardens 122 condos and 12 townhomes at 11501 84 Avenue North Delta by Maple Leaf Homes Ltd

2017-08-05

Homes at Delta Gardens proving to resonate with buyers Laura Goldstein The Vancouver Sun Project: Delta Gardens Project Location: 11501 84 Avenue, North Delta Developer: Maple Leaf Homes Ltd. Architect: Maciej Dembek, Barnett Dembek Archite…

New 10-year visas stoke housing booms in Vancouver, Toronto

2017-08-05

Immigration lawyer notes owners often obscure identities to avoid Canadian taxes Douglas Todd The Vancouver Sun The phenomenal popularity of Canada’s new 10-year visas is a key factor behind the latest housing booms in Vancouver and T…

City of Vancouver Heritage Density Bonuses from SRO's - Developers Trading CAC's from SRO's

2017-08-05

Density bonuses provide unintended consequences, says Elizabeth Murphy Elizabeth Murphy The Vancouver Sun The City of Vancouver continues its relentless crisis capitalism to address the ongoing housing affordability problems that are, in pa…

Greater Vancouver home sales down 24%

2017-08-03

Steve Randall Canadian Real Estate Wealth There were 2,960 home sales in the Greater Vancouver area in July, a drop of 24% from June and 8.2% below July 2016, led by an 11.9% decline in detached home sales. However, sales were 0.7% above th…

GTA new condo sales set another quarterly record

2017-08-03

Steve Randall Canadian Real Estate Wealth For the second consecutive quarter, new condo apartment sales in the Greater Toronto Area have reached a new high. Urbanation reports that 12,138 units were sold in the second quarter of 2017, a ris…

Take formal council approach to deal with potential conflicts

2017-08-03

Use formal council approach Tony Gioventu The Vancouver Sun Dear Tony : We are having some serious issues with two of our council members who are benefitting from their council involvement. One works for the developer and constantly pushes …

Jasmine 23 townhomes at 10880 No.5 Road Richmond by Townline

2017-08-03

At Jasmine, the spaces are inviting, inside and out Mary Frances Hill The Province Jasmine at the Gardens What : 23 townhomes, the sixth collection of homes in the Gardens community  Where : 10880 No. 5 Road, Richmond Developer and bui…

Metro Vancouver residential property benchmark price cracks $1 million

2017-08-03

Average price for a home of any kind tops $1 million in Metro Aleksandra Sagan The Province The typical price of a home in Metro Vancouver surpassed $1 million for the first time last July, the Real Estate Board of Greater Vancouver said on…

Mixed results a year after the foreign buyer tax kicked in

2017-08-03

Foreign buyers tax in the spotlight Cheryl Chan The Province When the B.C. Liberal government slapped a 15 per cent tax on home purchases by foreigners in Metro Vancouver last year — the first such tax in Canada — it was meant t…

Fraser Valley Home Prices Rise Nearly 4% in One Month

2017-08-02

Joannah Connolly REW There were 1,937 real estate sales in the Fraser Valley in July this year – of all property types including commercial and industrial – according to Fraser Valley Real Estate Board (FVREB) figures published …

How the rising loonie affects real estate

2017-08-02

Lachman Balani Canadian Real Estate Wealth As a mortgage broker I have been asked very frequently in the last couple of months how I think the rising loonie (Canadian dollar) that has reached 80 cents vis-a-vis the US dollar (USD) will affe…

When is big too big when it comes to towers?

2017-08-01

Approved 57-storey tower raises questions Michael Geller Vancouver Courier Someone once asked, “When you are sitting in the bathtub with the hot water running, how do you know when to shout?” This quotation came to mind last wee…

BC reviewing the foreign buyers' tax

2017-08-01

Canadian Real Estate Wealth The 15% tax on many foreign home buyers in British Columbia will be reviewed along with some other government housing policy. The province’s new housing minister Selina Robinson said Monday that policies in…

Frequently-asked questions about reverse mortgages

2017-07-31

Ephraim Vecina REP Sharing the fruits of long industry experience in Toronto, Dominion Lending Centres accredited mortgage professional Michael Sneddon outlines various answers to some of the most common reverse mortgage questions he encoun…

Has Vancouver's 15% tax done its job?

2017-07-31

Justin da Rosa REP “Short answer: No,” according to one expert. “We saw an immediate stop to real estate in Vancouver and a 23% drop in average price, looking at the entire lower mainland market,” Elton Ash, regional…

Risk sharing could be negative for housing, mortgage market

2017-07-31

Steve Randall Canadian Real Estate Wealth If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in mortgage defaults. A do…

Colliers International Commercial Real Estate News August 2017

2017-07-31

other Get the latest industry news and trends from Colliers Canada CLICK HERE

Etoile 5345 Goring Street Burnaby 398 homes in two towers by Millennium Development Group

2017-07-29

Millennium Development Group launches ?toile, a 398-home highrise development in Burnaby Simon Briault The Vancouver Sun Etoile Project location: 5345 Goring St, Burnaby Project size: 398 homes of between one and three bedrooms and ranging …