Real Estate News & Articles

Is offshore investing legal?

2017-07-18

John Turley other The first thing that comes to mind when the topic of offshore investing comes up is someone sneaking around a small Caribbean island wearing sunglasses, a Hawaiian shirt, and Bermuda shorts while holding a briefcase stuffe…

Proposed 57-storey West End tower headed to public hearing

2017-07-18

Proposed West End tower headed to public hearing Dan Fumano The Province On the agenda this week at Vancouver city hall is a major development proposal which sees a church and a local developer partnering to build what would be one of the c…

Victoria strengthening into one of B.C.?s most competitive markets

2017-07-17

Ephraim Vecina Canadian Real Estate Wealth The latest report from Royal LePage revealed a continuation of the trend of home price growth in Victoria, which is showing clearer signs of becoming one of the most desirable markets in British Co…

Home sales fall once again

2017-07-17

REP National home sales fell 6.7% in June, the largest month-over-month drop since June 2010. That decline was influenced by cooled demand in the Greater Golden Horseshoe Area following Ontario’s unveiling of its Fair Housing Plan, ac…

Eaglehurst Homes in North Saanich 99 three and four bedroom homes by Eaglehurst Developments

2017-07-15

Eaglehurst Homes in North Saanich offers energy-efficient and spacious residences Laura Goldstein The Vancouver Sun Eaglehurst Homes Project Location: north Saanich Project Size/Scope: 99 three- and four-bedroom homes built over 14 acres in…

McKinnon 6333 West Boulevard Vancouver 4-storey mid-rise with 40 homes by Cressy

2017-07-15

McKinnon?s apartments provide access to private roof decks with options for hot tubs, kitchens Rebecca Keillor The Vancouver Sun With summer now truly upon us, there is no better place to be than at home relaxing on your patio, terrace or d…

Edgewood Gate 2113 166 Street Surrey 96 four and five bedroom single family homes by Foxridge Homes

2017-07-15

Edgewood Gate proving to resonate with 'move-up buyers' Simon Brault The Vancouver Sun Edgewood Gate Project location : 2113 166 Street Project size : 96 four- and five-bedroom single family homes. Homes start at 2,360 square feet and price…

Controversial 105 Keefer Chinatown development re-submitted to council

2017-07-15

Disputed Chinatown development plan resubmitted to council Stephanie Ip/Scott Brown The Vancouver Sun A controversial development in Chinatown that had divided the community will be put forward to the city of Vancouver once again in what&rs…

Commercial-Broadway Safeway redevelopment drawings released

2017-07-14

Project renderings detail an ambitious multi-level public space in the vein of High Line Park in New York City Tanya Commisso Vancouver Courier Concept drawings for the Safeway site at East Broadway and Commercial Drive were revealed at an …

Toronto leads gain for new housing prices

2017-07-14

Steve Randall Canadian Real Estate Wealth Prices for Canada’s new housing were up 0.7% in May, driven by a 1.1% increase for Toronto. Statistics Canada says that the increase in Toronto was due to market conditions, a shortage of deve…

Banks waste no time in hiking rates

2017-07-13

Steve Randall Canadian Real Estate Wealth Canada’s banks have moved quickly to increase their base lending rates following the BoC’s decision Wednesday. RBC was the first of the Big Five to pass on the central bank’s 25 ba…

Five things to know about the Bank of Canada's interest rate hike

2017-07-13

Bank of Canada touts ?good news? rate hike Joanne Lee-Young The Vancouver Sun The Bank of Canada raised its benchmark interest rate for the first time in seven years on Wednesday, moving it 25 basis points from 0.5 per cent to 0.75 per cent…

Bylaws not subjected to votes can't be filed

2017-07-13

Filed bylaws must be voted on Tony Gioventu The Province Dear Tony : Thank you for your column that acknowledged that a strata corporation is not permitted to alter bylaws that have been approved by the owners for the purpose of filing in t…

Belpark 375 West 59th Avenue 120 homes in three buildings by Intracorp

2017-07-13

Belpark condos high on functionality Mary Frances Hill The Province Belpark What : A 120-home development of three buildings just east of Cambie Street on West 59th Avenue Where : 375 West 59th Ave., Vancouver Residence sizes and price…

B.C. Real Estate Association says June sales still far above 10 year average

2017-07-13

Canadian Real Estate Wealth The British Columbia Real Estate Association says June home sales fell short of record levels set last year but demand remains well above average. The association says 11,671 homes sold in June, down 9.6 per cent…

Three big banks raise prime lending rates following rate hike from Bank of Canada

2017-07-12

Canadian Real Estate Wealth Three of Canada's biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank. Royal Bank of Canada (TSX:RY), the Bank of Montreal (TSX:BMO) and …

BoC interest rate revealed

2017-07-12

Justin da Rosa Canadian Real Estate Wealth The Central Bank raised its new target for the overnight rate to ¾% Wednesday, citing a confident financial outlook and above-potential growth. This despite softened inflation, which the ban…

Stress tests are driving some to riskier lending says MPC

2017-07-12

Steve Randall Canadian Real Estate Wealth The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options. That’s the warning from Mortgage Professionals Canada …

CMHC says annual pace of housing starts picked up in June

2017-07-11

Canadian Real Estate Wealth Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June. The seasonally adjusted annual rate of housing starts in June came in at 212,695 units, up from 194,955 units …

Canadian luxury real estate market remains as active as ever

2017-07-10

Ephraim Vecina Canadian Real Estate Wealth In its latest analysis, real estate platform Point2 Homes has drawn out a list of the most expensive residential properties for sale in Canada, in what is shaping up to be proof that the luxury hom…

RBC raises fixed-term mortgage rates

2017-07-10

Ephraim Vecina Canadian Real Estate Wealth Royal Bank of Canada has increased the interest rates on its fixed-term mortgage products. RBC’s mortgage rates were all boosted by 20 basis points, up to 2.54 per cent (two-year rate), while…

New high for Fraser Valley apartment sales

2017-07-10

Steve Randall Canadian Real Estate Wealth Overall home sales in the Fraser Valley area were down 10 per cent in June from a year earlier and 5 per cent from May with 2,571 sales. Apartment sales though hit a new high, representing 27 per ce…

Whistler community more than Whistler Village, skiing and mountain biking

2017-07-09

Resort community offers so much more than carousing, skiing and mountain biking Andrew McCredie The Province If your idea of culture in Whistler is hooking up with German tourists at last call at Garfinkel’s for some late-night poutin…

Buying fake jobs to immigrate to Canada

2017-07-08

Douglas Todd The Vancouver Sun Canadian employers are creating fake jobs so would-be immigrants can quickly get citizenship. Immigration “consultants” often arrange the illicit deals, which frequently result in Canadian business…