Real Estate News & Articles

Average sale prices for condos outside Vancouver showing double-digit gains

2017-04-05

Double-digit gains for average condo price outside Vancouver Joanne Lee-Young The Province Average sale prices for condos outside Vancouver, such as in New Westminster and Abbotsford, are showing some double-digit annual gains, according to…

Rogue mortgage brokers identified by new online portal

2017-04-04

Steve Randall Canadian Real Estate Wealth Mortgage brokers who have broken the rules will now be more easily identified by consumers through a new online portal. Launched by the Mortgage Broker Regulators’ Council of Canada, the datab…

Banking head speaks out on Toronto real estate market

2017-04-04

Doug Alexander Mortgage Broker News Governments may have to impose more measures to cool Toronto’s housing market if prices remain “overheated” after the spring buying season, said Bank of Nova Scotia ’s Canadian ban…

Vancouver's Housing Market Cooling, or Not?

2017-04-04

Greater Vancouver Home Sales Surge in March Joannah Connolly REW Spring may have been slow to take hold in terms of the weather this year, but in terms of real estate sales it was a typically busy spring market in March. Home sales in the G…

Expertise Beats Referral When Finding a New Agent: Survey

2017-04-04

REW We're always told that when you choose a real estate agent to work with, you should get word-of-mouth reccomendations from family and friends who have worked with those agents before. But, as more data becomes readily available, is the …

Banks Push Nonprime Mortgage-Bond Revival With Canadian Deal

2017-04-03

Allison McNeely REP Banks are marketing what could be one of Canada’s first nonprime residential mortgage-backed securities deals since the global financial crisis. National Bank of Canada has held discussions with investors about a b…

Canadian laws allow real estate corruption says report

2017-04-03

Steve Randall REP Canada is one of four countries where loopholes in the law make it easy for corruption in the real estate markets according to a new report. Transparency International analyzed Canada, along with the US, UK, and Australia;…

Court Ruling Increases Risks to Realtors and their Clients

2017-04-03

Deborah Upton other   Based on a recent action by CRA and a BC Court decision, we need to make you aware of some important steps to take to protect yourself. Here is an excerpt from a media release about the recent BC Court ruling: "Th…

New mixed-use development proposed for Vancouver's west side

2017-04-03

DENISE RYAN The Province A new development proposal for Broadway and Alma could inject a dose of much-needed diversity and youth into Vancouver’s west side if a rezoning application is successful.  The proposed six-storey, mixed-…

Anthem Properties buys West Georgia Street Chevron for $72 million

2017-04-03

Glen Korstrom other Anthem Properties has bought a site at the corner of West Georgia Street and Bidwell Street, which housed the second to last gas station in Vancouver’s downtown peninsula. The Vancouver-based developer would not re…

Licensees liable for not determingin seller?s non-resident status?

2017-04-03

Oana Hyatt other On March 25, 2017, several local newspapers ran a story with the alarming headline, "House buyer beware: Landmark court ruling will shake real-estate industry." 1 The story referred to a February 10, 2017 BC Supreme Court j…

Australia victim of own success

2017-04-03

As exports to China boom, spiralling debt threatens AAA rating MICHAEL HEATH The Vancouver Sun Australia is close to seizing the global crown for the longest streak of economic growth thanks to a mixture of policy guile and outrageous fortu…

1335 Howe at 1335 Howe 120 homes in a 40-storey tower by Onni Group

2017-04-01

Onni introduces customizable condos at 1335 Howe Simon Briault The Vancouver Sun Kitchens have breakfast bars in either marble or polished stone, flat-panel walnut veneer cabinets and appliance packages featuring top brands. LUKE POTTER PHO…

Yukon Residences at 450 West 59th Avenue 32 townhouses and garden flats by Alabaster Homes

2017-04-01

Alabaster's Yukon Residences takes prime city location Shawn Conner The Vancouver Sun Yukon Residences Project Address: 450 West 59th Ave, Vancouver Project Size: 32 garden flats (511 to 1,626 square feet) and townhomes (1,410 to 1,640 squa…

Housing affordability got better in Vancouver, worse in Toronto

2017-03-31

Steve Randall REP   Housing affordability across Canada held steady in the fourth quarter of 2016 compared to the previous quarter and the longer-term trend. However, a new report from RBC Economics shows the divergence of affordabilit…

Fancy living in the newest Trump Tower in Vancouver - Luxury two-bedroom flat goes on the market for $2.2million

2017-03-31

Myra Butterworth other All 290 apartments in the Vancouver tower sold before the building was finished last year Would you buy an apartment for sale in Vancouver's Trump Tower, which also includes a hotel (pictured is the hotel entrance) Pi…

Big Vancouver developer caught hosting short-term rentals

2017-03-31

Liberal donor rented out short-term units without licence MATT ROBINSON The Vancouver Sun Surely it could be neither ignorance nor stupidity that would lead a major Vancouver developer to illegally rent short-term apartments in th…

Three transit-oriented communities in Metro rival Coal Harbour for empty or underused housing

2017-03-31

Many units in transit-linked areas are empty or underused Joanne Lee-Young The Vancouver Sun Transit-oriented communities are often called the future for Metro Vancouver, with condo towers and townhouses clustered around stores and amenitie…

Colliers International Apartment Source - Year End Edition 2016

2017-03-30

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Property demands make for increased pressure for strata corporations to sell

2017-03-30

Soaring demand for property puts greater pressure on strata to sell Tony Gioventu The Province Dear Tony: Our strata corporation is considering calling for an 80 per cent vote to sell our property. The council brought a proposal from a deve…

NAVIO at the Creek 177 two and three bedroom homes at 95 East 1st Avenue and 1551 Ontario by Concert

2017-03-30

The look is both stylish and functional at Concert?s NAVIO at the Creek Mary Frances Hill The Province NAVÍO at The Creek What: A total of 177 two and three-bedroom homes  (condos and townhomes) in two concrete buildings of 12 a…

Robert Dunsmuir, the ?Coal King? of British Columbia

2017-03-30

To mark Canada?s 150th birthday, we are counting down to Canada Day with profiles of 150 noteworthy British Columbians. John Mackie The Province Robert Dunsmuir was the richest man in British Columbia in the 19th century. How rich? He …

Vancouver Needs "Housing Strategy Reset"

2017-03-29

City's record housing supply is not creating the kind of housing needed by the 'missing middle,' according to report debated at City Hall this week Joannah Connolly REW Vancouver is seeing record home-building numbers but that is not solvin…

Real estate brokerages continue to innovate

2017-03-29

Justin da Rosa REP With competition ramping up in Canada’s hottest market, brokerages continue to find ways to make the home buying process easier. The newest innovation: online condo shopping. "We're the first brokerage and real esta…