Real Estate News & Articles

March home sales hit record high, Canadian Real Estate Association says

2017-04-18

The Vancouver Sun OTTAWA — Home sales across the country hit a record high last month, propped up by transactions in the fiercely hot market of Toronto, further fuelling concerns about the city’s real estate sector. The Canadian…

Metro needs medium-density housing, Greater Vancouver Board of Trade says

2017-04-18

Report draws attention to ?missing middle? Chuck Chiang The Vancouver Sun More housing is needed that’s not single-family detached homes or high-rise condominiums if the region’s affordability crisis is to be brought under …

Gas stations an endangered species in downtown Vancouver

2017-04-18

Prime locations are just too valuable and are making way for condo development John Mackie The Province The Chevron gas station at 1698 West Georgia just sold for $72 million and will be redeveloped as condos. Now the Esso station at Burrar…

More rules on Toronto housing will risk ?market whiplash?, warns LePage ahead of major housing meeting

2017-04-18

LePage warns of ?market whiplash? in housing Garry Marr The Vancouver Sun Concerns that government is going to slap more rules on the housing market, particularly aimed at Toronto’s residential sector, appears to be growing among the …

CIBC says housing could make for problematic recession

2017-04-17

Steve Randall REP Canada’s high house prices and larger mortgages could make the next recession problematic, CIBC Capital Markets has warned. The report does not believe that a sharp downturn in house prices will trigger an economic d…

The C.D. Howe Institute say Vancouver?s buyer tax was detrimental to the market

2017-04-17

Institute argues against foreign buyer tax Justin da Rosa REP Vancouver’s tax influenced a 40% drop in transactions – but it wasn’t just foreigners who accounted for that cooling, according to one research institute The C.…

Kim?s missile fizzles despite hype

2017-04-16

Anna Fifield The Province With the kind of fanfare that only a totalitarian state can muster, North Korea on Saturday flaunted missiles that can theoretically reach the United States and defiantly stated that it was prepared to counter any …

Your brain at wine o'clock

2017-04-16

"New frontier" of research explores how low doses of alcohol affect grey matter Jennifer Allford The Province Whether it’s Cabernet or Chardonnay, old world or new, millions of us like to toast the end of the working day by opening a …

Waterfall 2425 Beta Avenue Burnaby Lumina Brentwood?s 802 Units in first tower of 39-stories by Thind Properties

2017-04-15

Options abound at Thind Properties' Lumina Brentwood Michael Bernard The Vancouver Sun Lumina Brentwood Project Address: 2425 Beta Ave., Burnaby Project Scope: Lumina will bring almost 1,000 new homes to the Brentwood neighbourhood. Its fir…

Mill District 82 homes at 2555 Ware Street Abbotsford by Heinrichs Developments

2017-04-13

Mill District blends traditional with contemporary Mary Frances Hill The Province Mill District What:  A total of 82 homes, 41 units in each of two six-storey-high wood-frame buildings in Abbotsford’s Mill Lake neighbourhood…

Bank of Canada announces interest rate unchanged

2017-04-12

REP The Bank of Canada held its trendsetting interest rate unchanged on Wednesday, despite a recent run of stronger-than-expected data, saying it believes the economy has yet to show it can stick to the higher growth trajectory. In holding …

Housing starts jump to decade high

2017-04-11

Steve Randall REP The trend measure of Canadian housing starts was higher again in March, the third consecutive month of increases. The rise to 211,342 units – up from 205,521 in February – was the highest level since September …

Noisy Neighbours: The Law Behind Condo Noise Complaints

2017-04-11

Neil Mangan REW Do you have noisy neighbours disturbing your peace? Or perhaps you want to play music but are getting complaints? Strata law expert Neil Mangan has advice from all the angles Of all the compromises that come with condo owner…

You can earn $50K in tax-free dividends, but there?s a catch: You can?t have a job

2017-04-11

Canadian investors can make up to $50K tax-free, but they can?t have a job Jonathan Chevreau The Vancouver Sun While early retirement may be a pipe dream for most of us, every once in a while I hear from readers who have pulled it off and a…

Juniper at Timber Court 2632 Library Lane North Vancouver a 5-storey low-rise with 248 homes by Polygon

2017-04-07

Polygon?s low-rise homes offer buyers a cosy haven from stresses of city life Mary Frances Hill The Province Juniper at Timber Court What: 68 homes in a low-rise wood-frame development, the first of four planned residential buildings b…

RBC chief "increasing concerned" over housing market

2017-04-07

Steve Randall REP The housing markets in Toronto and Vancouver require government intervention the chief executive of RBC said Thursday. Dave McKay said that he is “increasingly concerned” about the two hottest Canadian housing …

Unintended disaster might arise from ill-advised government intervention

2017-04-07

Ephraim Vecina REP Stronger government intervention to address outsized home price growth in Canadian cities might have minimal impact at best and undesirable consequences at worst, according to Toronto-based lawyer Ike Awgu. In a recent co…

RBC's Dave McKay calls for real estate policy action from all sectors

2017-04-07

Justin da Rosa Canadian Real Estate Wealth CEO calls on entire industry, as well as government officials, to come together to determine solutions. “Longer term, I believe all parties need to come together -- governments, developers, r…

Homes sold in 2016 now need to be reported on taxes

2017-04-07

Ephraim Vecina Canadian Real Estate Wealth Canadians who have sold their homes last year have been mandated to report the transaction to the Canada Revenue Agency. Income tax returns should now include basic information surrounding such a t…

Introduction of surveillance cameras requires owners' approval

2017-04-06

Extensive system installed without notifying strata council Tony Gioventu The Province Dear Tony: Our strata council has used money from our annual budget that was left over in our maintenance fund to purchase and install video cameras.&nbs…

Toronto home sales up 18 per cent, prices up by a third

2017-04-06

Steve Randall REP The heat in the Greater Toronto Area’s housing market shows no signs of slowing with sales increasing year-over-year by 17.7 per cent in March to 12,077. Toronto Real Estate Board reports that listings were up 15.2 p…

Top Alberta judge and husband sued over sale of West Vancouver home

2017-04-06

Alberta judge, husband sued over sale of B.C. home Keith Fraser The Province A top Alberta judge and her husband are being sued over an allegation that they breached a multiple listing contract involving the sale of a home in West Vancouver…

Toronto area home prices soar in March, average price in GTA hits $916,567

2017-04-05

Mortgage Broker News The cost of Toronto area real estate soared again in March, with the average price jumping 33.2 per cent from the same month last year and nearly five per cent from February. The Toronto Real Estate Board reported Wedne…

Vancouver housing demand rebounds but there's not much to buy

2017-04-05

Steve Randall REP Sales of homes in the Greater Vancouver market rebounded in March following a week previous month but supply issues remain restrictive. Although March sales (3,579) reported by the Real Estate Board of Greater Vancouver we…