Real Estate News & Articles

Vancouver prices spilling over into surrounding cities says CMHC

2017-05-12

Steve Randall REP The high home prices in Vancouver have spilled over into other municipalities in British Columbia, CMHC reports. Cities within easy commuting distance of Vancouver have been most affected but the agency’s report sugg…

Home price hikes influenced by hot market

2017-05-12

Justin da Rosa Canadian Real Estate Wealth Investors may have a few new markets to target, according to a recent report. Vancouver’s sky-high home prices have created a spill-over effect in outlying markets, with varying degrees of im…

Tighter home inspection regulation a boon for buyers

2017-05-12

Ephraim Vecina Canadian Real Estate Wealth The Ontario government has recently passed the Home Inspection Act 2017, which introduces minimum standards for home inspection contracts, home inspection reports, disclosures, and the performance …

Tips that can get you off the hook

2017-05-12

Being polite and co-operative when pulled over can reduce the odds of getting a ticket DEREK MCNAUGHTON The Province The Victoria Day long weekend will soon be upon us, and with it comes an increased police presence on the roads. Many drive…

Strata regulation sets condition for limited common property

2017-05-11

Health club access in dispute Tony Gioventu The Province Dear Tony : Our property is made up of a strata corporation with a highrise, townhouses and commercial property. We have a health club operated by the strata corporation, but only the…

Lumina Brentwood 2425 Beta Avenue Burnaby four towers with 900 homes by Thind Properties

2017-05-11

Nature infuses Lumina Brentwood Mary Frances Hill The Province Lumina Brentwood Project Address:  2425 Beta Ave., Burnaby Project Scope:  Almost 1,000 new homes in Brentwood, with the first tower, Waterfall, featuring one-, two-, …

Six month trend of Canadian housing starts up in April

2017-05-09

Housing starts trend higher Steve Randall REP The 6-month trend of Canadian housing starts was up in April, reaching 213,768 units compared to 210,702 in March. CMHC figures show that the standalone seasonally-adjusted annual rate was 214,0…

$100m Beverly Hills Mansion Goes Viral with Racy "Trailer"

2017-05-09

Andrea Nazarian REW Can you imagine if West Vancouver mansions were marketed like R-rated movies? ? Opus Beverly Hills No, this isn't a ballroom, this is a garage Gone are the days of sticking a “for sale” sign on the front lawn…

B.C. court rules notary public is responsible for tax owed by buyer

2017-05-08

Irina Sfranciog and Rachael Segal REM In Canada, resident sellers of a principal residence are usually eligible for an exemption from the capital gains tax that would otherwise be triggered by the sale of a principal residence. Non-resident…

B.C. court rules notary public is responsible for tax owed by buyer

2017-05-08

Irina Sfranciog and Rachael Segal REM In Canada, resident sellers of a principal residence are usually eligible for an exemption from the capital gains tax that would otherwise be triggered by the sale of a principal residence. Non-resident…

Here's why domestic restrictions are driving Chinese buyers abroad

2017-05-08

How has restrictions in China's domestic property market impacted Chinese homebuyers? other Chinese buyers bought a record ¥9.9 trillion ($1.4 trillion) worth of real estate in China last year, up 36.1% y-o-y. 1 That goes to show how mu…

Kanaka Hill 23539 Gilker Hill Road Maple Ridge 43 three and four bedroom townhomes by Quarry Rock Developments

2017-05-06

Maple Ridge?s Kanaka Hill has been drawing more than a little attention Shawn Conner The Vancouver Sun Kanaka Hill Project Address: 23539 Gilker Hill Road, Maple Ridge Project Size: 43 townhomes Bedrooms: three- and four-bedrooms, four-bedr…

Eleven West 2655 Maple Street 10 homes in a 7-storey building by Nadeau Developments

2017-05-06

Eleven West merges old and new in Kitsilano project Shawn Conner The Vancouver Sun Eleven West Project Address: 2655 Maple St. Project Size: 10 homes, 815 — 1,973 square feet Bedrooms: two one-bedroom-and-den artist’s studios, t…

Foreign buyers low impact on Ontario as sales slip

2017-05-04

Steve Randall REP Foreign buyers of homes in the Greater Golden Horseshoe make up only a small percentage of the market according to analysis by Toronto Real Estate Board. It found that the proportion of buyers between 2008 and April 2017 w…

3 Civic Plaza 13483 103 Avenue Surrey 349 homes in a 55-Storey Tower by Century Group

2017-05-04

Residents of 3 Civic Plaza will enjoy high-end living ROBIN BRUNET The Province When homebuyers are given the opportunity to “live above it all” in a residential tower with high-end amenities, what is the result? In the case of …

How to deal with a strata that?s gone to the dogs

2017-05-04

Council president can?t make a deal on pets which contravenes bylaws Tony Gioventu The Province Dear Tony : We noticed in the financial report at our AGM last month that our strata is owed almost $13,000 in unpaid strata fines. Our strata d…

Brownstones at Kingcrest Park 16 townhomes at 4328 Knight Street by Epix Developments Inc.

2017-05-04

Brownstones townhomes in Vancouver offer nod to the family?s heart ? the kitchen Mary Frances Hill The Province Brownstones at Kingcrest Park Where: 4348 Knight Street What: 16 townhomes; Fourteen row-style townhomes, eight in one building,…

Chinese developer gains foothold for delayed Squamish project

2017-05-04

Taicheng Development Corp. has plans for about 1,000 homes on 178-acre Sea-to-Sky Highway site just north of Vancouver Western Investor A Chinese development company that paid $30.5 million for 480 acres near Squamish, B.C., five years…

Clark defends mystery tax rebates

2017-05-04

JOANNE LEE-YOUNG AND SAM COOPER The Vancouver Sun B.C. Liberal party Leader Christy Clark has defended a little-known provincial tax rebate program that was expanded in 2014 to attract international banks and investment firms to Vancouver a…

Sales fall, listings up in Toronto

2017-05-03

REP In its first release since Ontario’s new housing plan, TREB releases Toronto market stats and provides update on influence of foreign buyers and short-term speculators. A total of 11,630 homes were sold in the GTA in April, down 3…

Vancouver Houes Condo Sales Will Help Build Homes In Cambodia

2017-05-03

other World Housing , a Vancouver group that partners with developers to fund new homes in third-world countries, has named its first project. $2,900 from every condo sale in Vancouver House , a project developed by Westbank and designed by…

Canada's housing market heat spreads says RBC

2017-05-03

Steve Randall Canadian Real Estate Wealth The heat in some of Canada’s housing markets is getting wider and deeper according to a new report from RBC Economics. Its report shows that gains in sales over recent months continued in Marc…

The Ridge at Burke Mountain 1425 Strawine Hill Street Coquitlam 49 single-family homes by Foxridge Homes

2017-04-29

Winning appeal at Foxridge's The Ridge at Burke Mountain Michael Bernard The Vancouver Sun Project: The Ridge at Burke Mountain Project location:   1425 Strawline Hill St., Coquitlam Project size/scope: 49 single-family homes with thre…

Overheating, overbuilding and other housing plagues

2017-04-28

Justin da Rosa REP Canada Mortgage and Housing offers a cross-Canada analysis of the country’s housing markets Overall, CMHC rates Canada’s housing market as showing “strong evidence of problematic conditions” due, i…