Real Estate News & Articles

Risky mortgages, shadow bankers threaten Vancouver housing market's stability

2017-06-17

Vancouver?s hot real estate market is plagued with another concern that shows similar characteristics to the fraudulent loans exposed in the U.S. in 2008, writes Sam Cooper Sam Cooper The Vancouver Sun Massive and risky home loans are incre…

Homes sales decline ?sharply? in May

2017-06-15

Justin da Rosa REP The Canadian Real Estate Board releases latest round of housing market stats. National home sales dropped 6.2% month-over-month from April to May, according to CREA. That represents the largest sales decline since August …

Home sales across Canada register biggest monthly decline in nearly 5 years

2017-06-15

The Vancouver Sun OTTAWA — Home sales across the country dropped sharply last month, driven by a plunge in the Greater Toronto Area (GTA) after the Ontario government imposed a tax on foreign buyers aimed at cooling the red-hot market…

Soho 16330 24th Avenue Surrey 170 two, three and four bedroom townhomes by Zenterra Developments

2017-06-15

Soho adds some style to south Surrey Mary Frances Hill The Province Soho Where :  24 Avenue and 163 Street, South Surrey What : A three-storey development of 170 homes with large rooftop patios. Located within easy reach of three shopp…

Policy change doesn?t sit well with strata

2017-06-15

Tony Gioventu The Province Dear Tony : I am on our strata council and deeply concerned over a policy change the property manager has imposed on us. They have provided us with a policy that prescribes how bylaw complaints are filed: they mus…

Beware the CRA's dreaded 'net worth' assessment

2017-06-15

Taxpayers can avoid it by filing returns that tell the full story on income sources Vern Krishna The Vancouver Sun The Canada Revenue Agency has an extraordinary power when it comes to calculating the tax owed by people who fail to file a t…

Accused killer sues estate of murdered Chinese investor over farmland profits

2017-06-15

Estate of murdered Chinese investor sued by accused killer for farmland profits Sam Cooper The Vancouver Sun Li Zhao, who is accused of murdering Chinese businessman Gang Yuan, has filed a claim in B.C. Supreme Court seeking a one-third sha…

Metro Vancouver's market heating up again, despite foreign-buyer tax

2017-06-14

Jennifer Saltman The Vancouver Sun B.C. real estate prices are on the rise and demand continues to outstrip supply, which the NDP says shows the foreign-buyer tax that was announced almost a year ago wasn’t enough to cool the market. …

Vancouver council rejects controversial 105 Keefer St. proposal

2017-06-14

Chinatown condo tower rejected Dan Fumano The Vancouver Sun Vancouver council’s rejection of a controversial condo development in historic Chinatown — and the community opposition that galvanized against it — will have imp…

BoC's Wilkins hints at interest rate rise

2017-06-13

Steve Randall Canadian Real Estate Wealth The next policy move from the Bank of Canada could be a rise in interest rates. Senior deputy governor Carolyn Wilkins spoke at the Asper School of Business yesterday and said that there are some go…

City Announces 11,500 New Homes for Cambie Corridor

2017-06-12

Joannah Connolly REW The Cambie Corridor is set to get a massive influx of new housing, with 11,500 new homes planned under Phase 3 of the area’s redevelopment, the City announced Monday June 12. The draft plan is the City’s fir…

Vancouver, Toronto housing heading for severe downturn

2017-06-12

Steve Randall REP Canada’s hottest housing markets are heading towards a severe downturn according to Capital Economics’ David Madini. The economist warns that the rise in sales in Vancouver is a temporary jump while the slowdow…

Bank of Canada says next move likely an interest rate hike

2017-06-12

REP The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian dollar and bond yields soaring. In a speech Monday, Senior Deput…

Joyce 5050 - 5080 Joyce Street 256 homes in a 30-storey tower by Westbank

2017-06-10

At Westbank?s Joyce, the look will be more than a little striking Shawn Conner The Vancouver Sun Joyce, a 30-storey tower by Westbank, is set to be built next to the Joyce-Collingwood SkyTrain station. Joyce?s 256 homes will feature huge wi…

Bowker Collection 2285 Bowker Avenue Oak Bay 43 homes in a 4 storey midrise by Abstract Developments

2017-06-10

BOWKER COLLECTION A NOD TO ITS OAK BAY NEIGHBOURHOOD Kathleen Freimond The Vancouver Sun Bowker Collection Project address : 2285 Bowker Avenue Project city : Oak Bay Developer : Abstract Developments Architect : Cascadia Architects Interio…

RISE OF THE ROBOTS

2017-06-10

Machines may be more efficient and replace tasks, but humans are still vital. Drew Hasselback explains why The Vancouver Sun About 180 robots BROMONT, QUE. are doing work that humans used to do at this GE Aviation plant in Bromont, Que., th…

Household debt, housing market has become riskier

2017-06-09

Steve Randall Canadian Real Estate Wealth The Bank of Canada has reported its Financial System Review and warned that household debt and the housing market have both increased in vulnerability over the last 6 months. Governor Stephen Poloz …

BMO CEO downplays housing risk, says market 'essentially heals itself'

2017-06-09

Alexandra Posadzki REP TORONTO, The Bank of Montreal's CEO is downplaying the consequences that would come from a possible correction in house prices, saying the real estate market "essentially heals itself.'' "I've been involved in banking…

Poor record keeping can present problems with alteration agreements

2017-06-08

Poor record keeping can cause issues Tony Gioventu The Province Dear Tony : We purchased a great two-bedroom condo in False Creek in 2016. At the time of the purchase, we requested all the documents for the past five years, engineering repo…

Miramar Village 229 homes in two towers in the final phase Johnston Road and Thrift Avenue White Rock by Bosa

2017-06-08

Miramar Village eye-catching and efficient Mary Frances Hill The Province Miramar Village Where : Johnston Road and Thrift Avenue, White Rock What : 229 homes in two towers in the final phase, including 15,000 square feet of private rooftop…

Most consumers consider mortgage professionals important

2017-06-07

Steve Randall Canadian Real Estate Wealth There is a growing acceptance of using technology to arrange a mortgage but face-to-face meetings with mortgage professionals are still important to most consumers. CMHC’s annual Mortgage Cons…

Vancouver releases concept plans for post-viaduct False Creek

2017-06-06

City releases concept plans for post-viaduct Northeast False Creek Scott Brown The Province The City of Vancouver and Vancouver Park Board have revealed conceptual plans for the future of Northeast False Creek, including a new park and the …

TREB May Resale Numbers - Is the GTA Market Slowing Down?

2017-06-06

other The factors fueling supply and demand in the Greater Toronto Area’s housing market widened further last month, as sales continued to slow amid a flood of new listings. As a result, prices declined in May for the first time …

Greater Toronto Area home sales plummet 20.3% last month

2017-06-05

REP The Toronto Real Estate Board says home sales in the Greater Toronto Area plunged last month by 20.3 per cent as prices continued to climb. The board says the average selling price for all properties in May was $863,910, an increase of …