Real Estate News & Articles

Fraser Valley board warns offshore clients seeking to misuse realtor bank accounts

2017-05-25

Realtors warned about transactions with foreign clients Sam Cooper The Vancouver Sun The Fraser Valley Real Estate board (FVREB) has warned managing brokers that offshore investors have apparently been asking realtors to complete illegal tr…

Canadian airlines could benefit from a laptop ban

2017-05-25

ALICJA SIEKIERSKA The Vancouver Sun A potential U.S. ban on large personal electronics on flights from Europe could have unintended benefits for Canadian airlines — if Ottawa isn’t compelled to follow suit, aviation experts say.…

Bank of Canada makes interest rate announcement

2017-05-24

REP The Bank of Canada is sticking with its trendsetting interest rate of 0.5 per cent, saying uncertainties continue to overshadow the economy's stronger-than-expected start to the year. In explaining its decision Wednesday to hold the rat…

We're missing something on housing affordability says new report

2017-05-24

Steve Randall REP Housing affordability requires a broader approach and new thinking according to a new report. The Canadian Centre for Economic Analysis says that there is no ‘silver bullet’ solution for housing affordability a…

Court rules in favour of leaseholders on Musqueam Reserve

2017-05-24

Keith Fraser The Vancouver Sun Dozens of residents who have been leasing property on the Musqueam reserve in Vancouver are breathing a sigh of relief after a judge accepted their court challenge to a massive increase in their rents. In…

Sales of new high-rise homes double 10-year average in GTA

2017-05-23

Steve Randall REP Sales of new homes in the Greater Toronto Area gained 24 per cent year-over-year in the first four months of 2017 as the number of high-rise sales surged. Data from the Altus Group shows that there were 17,977 sales of whi…

Securities panel fines real estate developer Brendan Schouw $125,000 for fraud

2017-05-23

Mortgage Broker News A British Columbia Securities Commission (BCSC) levied on Thursday a $125,000 fine on a Vancouver real estate developer for fraud. He was also directed to pay a disgorgement order of $74,612. Earlier this year, a BSBC p…

New West marks actor Burr?s 100th birthday

2017-05-21

Scott Brown The Province Raymond Burr, the New Westminster-born star of TV’s Perry Mason and Ironside, is being posthumously honoured by his hometown on what would have been his 100th birthday. The Raymond Burr Performing Arts Society…

Vancouver to increase penalties against three luxury short-term rental operators

2017-05-21

Stephanie Ip The Province Vancouver is raising the penalties being levelled against three high-profile residential operators that have been illegally running short-term rentals. In April, CKNW reported  on Carmana Plaza …

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

2017-05-20

Michael Bernard The Vancouver Sun Soho Project location:   24 Avenue and 163 Street, South Surrey Project size/scope: A three-storey development of 170 two-, three- and four- bedroom modern-design homes ranging from 1,477 to 2,034 squa…

A Metro Vancouver home can be purchased through the bitcoin market

2017-05-19

Ephraim Vecina REP A newly-built 5,000-square-foot residential property situated at 707 Firdale St., Coquitlam, B.C. is going for $2.6 million in the local real estate listings—as well as for 2,099 bitcoin in Craigslist’s Vancou…

Another real estate boom is coming report says

2017-05-19

Steve Randall REP While rising home prices are a concern for many in Toronto, there’s another real estate boom on the horizon. Commercial rents are set to rise sharply due to rising demand, an influx of highly-skilled workers and a sh…

Permanent immigration to get easier for French and English speakers, those with Canadian siblings

2017-05-19

other In an effort to attract more skilled foreign talent, Canada is making it easier for applicants with siblings in Canada and those who are bilingual in French and English to immigrate permanently.  As of June 6, 2017, qualifying ap…

Renewing home insurance online not without risk

2017-05-18

Tony Gioventu The Province Dear Tony : We came home from a weekend trip to discover an awful mess in our condo. Somewhere in the strata drainage system, there was a blockage and our sink backed up, damaging our new kitchen renovation and ha…

The Main at 37881 Cleveland Avuenue Squamish 110 homes in a 6 storey building by Gravitas

2017-05-18

Young buyers are The Main?s target Mary Frances Hill The Province The Main Where: 37881 Cleveland Ave., Squamish Project size: 110 residential units over commercial space Residence sizes and prices: one and two bedrooms, 428 to 1,158 square…

Greater Vancouver strata owners are profiting from a recent bill that allows entire complexes to be sold with 80 per cent strata council approval

2017-05-18

Bill 40 condo sellers 'hit the lottery' Western Investor Aging 48-unit condominium project in Coquitlam sold for $20 million. | Colliers International Since Bill 40, an act that allows B.C. strata owners to more easily disband the strata co…

Housing stats suggest agents in for a busy season

2017-05-17

Justin da Rosa REP With the Canadian Real Estate Board releasing its most interesting statistics in quite some time, big banks hone in on the big stories that will impact agents. Home resales may have levelled off in April, but it’s t…

GTA listings surge will quickly run its course RBC forecasts

2017-05-17

Steve Randall REP The surge in new listings in the GTA in April may be short-lived as many sellers may have been “cashing in their chips.” A new market report from RBC Economics suggests that the jump in sellers ‘selling o…

Lumiere 2436 Kelly Avenue Port Coquitlam 63 homes in a 4 storey building by Saturn Construction

2017-05-17

REW Over the past few years, Port Coquitlam has been a community on the move. It is one of the fastest-growing cities in the Lower Mainland and was ranked the third most-livable city in the province. Add in the proximity to Traboulay PoCo, …

BC home sales drop sharply but trend is positive

2017-05-16

Steve Randall REP There was a 23.9 per cent drop in home sales in British Columbia in April compared to a year earlier but there are signs of a more positive trend. The British Columbia Real Estate Association reports 9,865 residential sale…

'30% probability' of Canadian housing bust

2017-05-16

Matthew Brockett REP In a report on house prices in G-10 nations -- those with the 10 most-traded currencies in the world -- Goldman Sachs finds they are most elevated in small, open economies such as Sweden and New Zealand. The investment …

Know your clients: First-time homebuyer study

2017-05-15

Justin da Rosa REP A comprehensive new report tells agents what makes these clients tick. Genworth Canada, one of the country’s mortgage default insurers, released a study on first-time homebuyers to help the industry, including real …

CREA releases latest stats

2017-05-15

Justin da Rosa REP Home sales decline in April, with both Toronto and Vancouver experienced diminishing activity. “Sales in Vancouver are down from record levels in the first half of last year but the gap has started to close,” …

Miramar Village Johnston Road and Thrift Avenue White Rock Will Complete The Village with 229 Homes In The Final two towers by Bosa Properties

2017-05-13

Bosa Properties poised to complete its Miramar Village project in White Rock Simon Briault The Vancouver Sun Miramar Village Project location: Johnston Road and Thrift Avenue, White Rock Project size: 229 homes; one to three bedrooms; 550 t…