Real Estate News & Articles

2.8% of Metro Homes Bought by Foreign Buyers since Tax Launch

2017-06-29

Joannah Connolly REW Just 2.8% of home sales in Metro Vancouver went to overseas buyers between August 2, 2016 – the date of the foreign buyer tax launch – and May 31, 2017, according to data released June 28 by finance minister…

Canada's long ride with rock-bottom interest rates appears to be ending

2017-06-29

Days of low rates could be ending Drew Hasselback The Vancouver Sun Canada’s long ride with rock bottom interest rates appears to be coming to an end. Stephen Poloz, governor of the Bank of Canada, has dropped a big hint that for the …

New bylaws must be filed as approved by strata

2017-06-29

New owner discovers change to bylaws Tony Gioventu The Province Dear Tony: Our strata of 48 townhouses passed new bylaws in April this year. One of our council members had agreed to file the bylaws that were issued with the notice, and prop…

Park Boulevard 9887 Whalley Boulevard Surrey 419 homes in a 41-storey tower by Concord Pacific Developments

2017-06-29

Park Boulevard a striking addition to Surrey Mary Frances Hill The Province Park Boulevard   Where : 9887 Whalley Boulevard, Surrey What : 419 homes in a 41-storey tower Residence sizes and prices : One-bed from approximately 529 sq. f…

Vancouver's Inventory of completed, unsold new multi-family homes plummets to almost zero

2017-06-29

Region?s Stock of Move-In-Ready New Homes ?Falls Off a Cliff? Joannah Connolly REW Inventory of completed, unsold new multi-family homes plummets to almost zero, with not one finished townhouse available in Vancouver proper, says report New…

Canada July Rate Hike Odds Jump After Poloz Restates Bias

2017-06-28

Theophilos Argitis and Maciej Onoszko Canadian Real Estate Wealth The Canadian dollar rallied to a four-month high and investors ramped up bets for a rate increase as early as next month after Bank of Canada Governor Stephen Poloz reiterate…

Cost of living in Vancouver has surged says Mercer

2017-06-27

Steve Randall Canadian Real Estate Wealth Vancouver has overtaken Toronto as Canada’s most expensive city for expatriates according to an annual ranking. Mercer’s Cost of Living Survey is designed to help multinational companies…

Trump Hotel Owner in Toronto Reaches Deal to Remove Trump Brand

2017-06-27

Katia Dmitrieva REP The Trump International Hotel & Tower in Toronto will no longer be branded with U.S. President Donald Trump’s name under a deal struck with the owner of the property. JCF Capital ULC, the closely held U.S. firm…

New foreign buyer stats revealed

2017-06-26

Justin da Rosa Canadian Real Estate Wealth Foreign buyers are showing increasing interest in the Montreal market, according to the Canada Mortgage and Housing Corporation. The foreign buyer segment showed strong growth in 2016, which has co…

Pollster Keeps Tabs On Nation?s Mood

2017-06-26

JOHN MACKIE The Vancouver Sun Angus Reid started off his professional life as a sociology professor at the University of Manitoba. But he didn’t last long. Academia was too slow for Reid, whose entrepreneurial knack and a passion for …

Home with a water view yours for only $299,000

2017-06-26

Live-aboard former minesweeper has nearly 5,000 square feet and 18 bedrooms GORDON MCINTYRE The Vancouver Sun It sleeps 38, the patio is huge, is admittedly a fixer-upper, but the sticker says it’s only $299,000. “That’s a…

Seven Peaks 39548 Loggers Lane Squamish 70 townhomes by Polygon Seven Peaks Ltd

2017-06-24

Seven Peaks townhome project will be a first for Polygon in Squamish Michael Bernard The Vancouver Sun Project: Seven Peaks, Squamish Project location: 39548 Loggers Lane Project Size/Scope: 70 three-bedroom-and-flex and four-bedroom townho…

BC Home Sales to Exceed 100,000 Units for Third Consecutive Year

2017-06-22

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Only strata corporation can collect penalties on recoverable costs

2017-06-22

Strata corporations deal with two types of debts Tony Gioventu The Province Dear Tony : I have recently become the treasurer of our strata council. In reviewing the correspondence to collections, a number of owners have complained about the…

Platform 87 Moody Street, Port Moody 104 condos, townhouses and live-work lofts by Aragon Properties

2017-06-22

Community of condos, townhomes and live-work lofts uses both rustic and soft materials Mary Frances Hill The Province Platform Where : 87 Moody Street, Port Moody What : 104 homes, including condos, townhomes and live-work lofts Residence s…

Plaza of Nations site pitched as vibrant waterfront neighbourhood for Vancouver

2017-06-22

Plaza of Nations site gets a revamp Derrick Penner The Province A new proposal for the Plaza of Nations site on False Creek calls for development of 1,400 housing units on a 10-acre site that would link Chinatown and the Downtown Easts…

Billionaire developer talks plans for Vancouver waterfront site at Plaza of Nations location 750 Pacific Blvd

2017-06-21

Frances Bula The Globe and Mail The developer of a key piece of property along Vancouver's False Creek waterfront says he wants it to be a contribution to the city – and that means he won't be selling any of the 1,400 units overseas. …

BC's Recreational Property Market Buoyed by Ripple Effect

2017-06-20

Sales and prices for recreational properties are up across BC, with overseas demand remaining steady Joannah Connolly REW The hot housing market in Greater Vancouver is spilling over into the BC-wide recreational property market, according …

BC sales set to exceed 100,000 again this year

2017-06-20

Steve Randall REP Despite a decline in home sales in British Columbia this year, total sales are still forecast to exceed 100,000 for the third consecutive year. The BC Real Estate Association is expecting 101,000 sales for 2017, down 10 pe…

Regulator tracks rise in mortgage fraud complaints in B.C. as house prices jump

2017-06-19

Mortgage fraud complaints in B.C. soar along with house prices Sam Cooper The Vancouver Sun A review of B.C. regulatory filings points to a growing number of mortgage fraud cases involving fake incomes, phoney offshore collateral, and false…

BCSC alleges fraud against mortgage firms, individuals

2017-06-19

Steve Randall REP Three British Columbia residents and two mortgage investment corporations have been accused of committing fraud by the BC Securities Commission. DominionGrand II Mortgage Investment Corporation (DG Mortgage) and DominionGr…

Mortgage rates to increase sooner than expected

2017-06-19

The future of mortgage rates REP Interest rates are expected to increase sooner than originally expected. “With economic growth coming in strong this year, inflation should turn the corner,” TD Bank said in its Quarterly Economi…

Documentary "Vancouver: No Fixed Address" explores the city's housing crisis

2017-06-19

Diane Slawych REM https://youtu.be/jpz1ry_VDSE A new documentary says Vancouver is experiencing a housing crisis so severe that many of its residents have been forced out into the streets. Some live in tents, others in vehicles. It’s …

Belpark 375 West 59th Avenue 120 homes in a 6 storey building by Intracorp

2017-06-17

Intracorp?s Belpark attracting plenty of interest from its immediate Vancouver area Simon Briault The Vancouver Sun Belpark Project location: 375 West 59th Ave Project size: 120 apartments. The project is already at least 80 per cent sold. …