Real Estate News & Articles

Development group warns Metro Vancouver fee increase will be passed on to home buyers

2017-07-08

Developers will pass on big rate increase to homebuyers Jennifer Saltman The Vancouver Sun A development association is warning that a planned significant increase to a Metro Vancouver development fee will end up being passed on to home buy…

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

2017-07-08

Townline?s Jasmine completes The Gardens Kathleen Freimond The Vancouver Sun Jasmine at The Gardens Project address : 10880 No.5 Road Project City : Richmond Developer : Townline Architect : ZGF Cotter Architects Interior designer : i3 Desi…

Airbnb, Expedia slapped with new restrictions as Vancouver houses nudge $1 million

2017-07-07

Ephraim Vecina REP Vancouver introduced new restrictions on Airbnb Inc., Expedia Inc. and other short-term rental operators as Canada’s priciest housing market seeks to ease its near-zero supply of homes. “Housing is first and f…

Possibilities for consumers in the event of a BoC rate hike

2017-07-07

Ephraim Vecina Canadian Real Estate Wealth The looming possibility of an interest rate hike by the Bank of Canada—an eventuality spurred by recent hints from the central bank—should give both consumers and industry players cause…

Vancouver to deploy 3 full-time staff to rein in short-term rental listings

2017-07-07

New full-time staff to monitor short-term rental data Joanne Lee-Young The Vancouver Sun The City of Vancouver plans to dedicate three full-time staff positions, including an “enforcement co-ordinator,” to monitor data about sho…

Average rent for GTA condos soars to over $2,000 a month as landlords increase ahead of controls

2017-07-07

Landlords are boosting rents to try and beat new rent control rules brought in across the province in April Garry Marr The Vancouver Sun Rental rates in Ontario soared just before the province implemented its expanded rent control rules in …

Toronto real estate frenzy cools

2017-07-07

Sales dip 37% from a year earlier despite rise in new listings, real estate board says Garry Marr The Vancouver Sun The average price of a home sold in the Greater Toronto Area was $793,915 in June, an eight-percent decline from a month ear…

Vancouver prices are still rising on condo demand

2017-07-06

Steve Randall Canadian Real Estate Wealth Demand for condos in Vancouver is escalating prices sharply with detached home prices showing moderate gains. The Real Estate Board of Greater Vancouver says that its MLS Home Price Index was up 7.9…

Foster Martin Condo project between Foster Street and Martin Street in White Rock, 113 homes in three towers by Landmark Premiere Properties

2017-07-06

Live the Seaside Dream at White Rock?s Newest Community REW Have you ever imagined waking up to fabulous sunrises and stunning sea views from one of the Metro Vancouver ’s most desirable seaside communities? Now’s the time to fu…

Vancouver Bans AirBnB Rentals on Second Homes, Laneway Houses

2017-07-06

Joannah Connolly REW Strict new measures to regulate and tax short-term rentals under systems such as AirBnB, HomeAway and VRBO were announced by Vancouver Mayor Gregor this week, as the City looks for ways to ease the sub-1% rental vacancy…

Canada a top destination for property investments by mainland Chinese buyers

2017-07-06

Chinese investors put Canada in top five buys for property Joanne Lee-Young The Vancouver Sun A large Chinese real estate website claims Chinese investors at home and abroad spent over US$100 billion on overseas property investments in 2016…

Record-keeping duties can?t be downloaded to the owners

2017-07-06

Tony Gioventu The Province Dear Tony : Our strata corporation has a bylaw that requires owners to maintain copies of minutes, bylaws and rules, and makes each owner responsible for providing them to the next buyer.  I sit on our strata…

Joyce 5050 Joyce Street 256 homes in a 30-storey tower by Westbank Projects Corp

2017-07-06

Joyce balances esthetics and function Mary Frances Hill The Province Joyce What : 256 homes, in a family-oriented 30-storey tower next to Joyce-Collingwood SkyTrain station Project Address : 5050 — 5080 Joyce St., Vancouver Developer …

Vancouver condo market heats up while detached home sales cool

2017-07-06

The Province Vancouver's housing sales have divided into two separate markets with condominium's being snatched up while detached homes remain on the market longer. Figures released Wednesday by the Real Estate Board of Greater Vancouver sh…

Vancouver Mayor Gregor Robertson plans to license, tax Airbnb rentals

2017-07-06

Short-term rentals facing crackdown Cheryl Chan The Province Faced with a rental-housing crunch and the country’s lowest vacancy rates, the City of Vancouver is proposing new regulations aimed at curbing short-term rentals — a m…

The unintended impact of abolishing double-ended deals

2017-07-05

REP   The need to address double-ended deals is due to a few bad apples, according to one veteran, and new rules will likely punish certain agents more than others. “Here’s the thing. It’s totally the result of a few …

New foreign investment stats revealed

2017-07-05

Canadian Real Estate Wealth The Government of British Columbia has released its latest land transfer tax data, which contains some interesting trends about that province’s real estate market. Sales surge The province recorded 14,824 t…

Do you have consent? Anti-spam rules in effect July 1

2017-07-03

REBGV other Changes to Canadian Anti-Spam Legislation (CASL) come into effect on July 1. These changes state that you can only send a commercial electronic message (CEM), which includes emails, texts or social media messages, to people who&…

Learning lessons from the front lines of entrepreneurship

2017-07-03

Four strategies that led to success prove growth is more an attitude than a process RICK SPENCE The Vancouver Sun Where does business growth come from? Does it spring spontaneously from the marketplace, the changing expectations of customer…

Pelican Cove at Tsawwassen Shores 1875 Tsawwassen Drive 42 townhomes and 20 duplexes by Aquilini

2017-07-01

Pelican Cove the latest offering at Aquilini?s master-planned Tsawwassen Shores Simon Briault The Vancouver Sun Pelican Cove at Tsawwassen Shores Project location: 1875 Tsawwassen Drive Project size: 42 townhomes and 20 duplexes; two to fou…

Creekside Estates 30 single family homes at 63650 Flood Hope Road Hope by RDG Management Ltd

2017-07-01

Creekside Estates in Hope boasts prairie styling mixed with a modern West Coast feel Kathleen Freimond The Vancouver Sun Creekside Estates Project address: 63650 Flood Hope Road, Hope Developer: RDG Management Ltd. Architect: Cutstone Home …

Housing affordability has hit astounding lows says RBC

2017-06-30

Steve Randall Canadian Real Estate Wealth A typical household in Toronto would need to spend 72 per cent of their income on an average priced house. The staggering statistic is highlighted in a new report from RBC which says affordability w…

CMHC to give Ottawa a special $4 billion dividend, has too much capital on its books

2017-06-30

CMHC paying $4B dividend to government Garry Marr The Vancouver Sun Canada Mortgage and Housing Corp., is paying the federal government a special $4 billion dividend, a move the Crown corporation says is driven by the fact it has more cash …

Ontario proposes banning real estate agents from representing seller and buyer

2017-06-29

Allison Jones Canadian Real Estate Wealth TORONTO, Ontario is proposing banning the practice of double ending, in which a real estate agent represents both a buyer and a seller in a transaction. The province's Liberal government announced a…