Real Estate News & Articles

Chinese home buyers aren?t primarily after profit in Canada, survey says

2017-03-10

Ephraim Vecina REP While enterprising real estate investors from overseas have gained notoriety as the boogeymen responsible for home price growth, a survey released earlier this week found an unexpected reason among Chinese buyers for gett…

3 Civic Plaza 13483 103rd Avenue Surrey BC. 55 storeys with 349 units by Century Group

2017-03-09

The luxury condominium tower with hotel amenities ? including room service ? is located in the heart of Surrey City Centre JODIE WARREN The Province Local developers such as Century Group are experiencing unprecedented demand for urbanstyle…

Good planning key to budget

2017-03-09

It?s OK if multiple financial ideas are presented Tony Gioventu The Province Dear Tony: Our strata sent out notice of the annual general meeting in February with three separate budgets. One has no increases in fees and less than $10 a door …

Bellevue 2289 Bellevue Avenue West Vancouver BC 35 homes in a 16 storey tower by Cressey Developments

2017-03-09

Drawing the eye to waterfront view Mary Frances Hill The Province Bellevue Where: 2289 Bellevue Avenue, West Vancouver What: 35 units in a 16-storey boutique building on the western edge of Ambleside, West Vancouver; includes a twostorey am…

Canada?s residential construction exceeds $5 billion

2017-03-09

Building intentions above $5 billion again Steve Randall Canadian Real Estate Wealth The value of residential construction permits issued by Canada’s municipalities in January exceeded $5 billion for the third time in four months. The…

According to Juwaii, Chinese investment in Canada to be $16B in 2017, enquiries dropped 80% after the 15% Vancouver tax

2017-03-08

Chinese investment expected to maintain levels Justin da Rosa Mortgage Broker News Investment from Chinese buyers in Canadian real estate is expected to match 2016 levels, with many expected to set their sights outside Vancouver. "Barring u…

New home construction picks up, offering latest evidence of economic momentum

2017-03-08

Canadian Real Estate Wealth OTTAWA - The pace of home construction in Canada picked up last month and a lot of the push came from Ontario, the federal housing agency said Wednesday, offering the latest evidence that the economy is building …

A plan to improve housing affordability

2017-03-08

Justin da Rosa REP The industry is calling on the government to address housing affordability, amid skyrocketing prices in several markets. The Ontario Real Estate Association (OREA) and The Ontario Home Builders’ Association (OHBA) a…

CMHC mortgage insurance hike scheduled for this month

2017-03-08

Ephraim Vecina REP The Canada Mortgage and Housing Corp. has announced that it will be implementing a hike on the premiums on its insured loans, with the increases calculated based on down payments of between 5 and 9.99 per cent, 25-year am…

Does the CRA flipping reporting have you worried?

2017-03-08

Canadian Real Estate Wealth With the Canada revenue agency now tracking house flippers – thanks to last year’s mortgage rule changes – are you worried further crackdowns on investors may soon come? Starting this year, Cana…

Does the CRA flipping reporting have you worried?

2017-03-08

Canadian Real Estate Wealth With the Canada revenue agency now tracking house flippers – thanks to last year’s mortgage rule changes – are you worried further crackdowns on investors may soon come? Starting this year, Cana…

Chinese interest in Vancouver real estate not limited to high-end sector

2017-03-07

Emma Crawford Hampel other Homebuyers from China are often cited as major participants in Vancouver’s luxury real estate market, but a new study from Sotheby’s Canada and Juwai.com found most property searches from China into Va…

Chinese Buyers Turning from Vancouver Real Estate ? Except at High End - enquiries dropped 79 % according to juwaii

2017-03-07

Foreign tax has buyers looking at other Canadian markets to invest in real estate, but interest from $1m-plus buyers recovered, says joint study by Sotheby?s and Chinese real estate portal Juwai.com Joannah Connolly REW China to Canada: Int…

中国买家转向温哥华房地产？除了高端 - 查询下降79％根据juwaii

2017-03-07

外国税收使买家看着其他加拿大市场投资房地产，但利息来自100万美&#208…

Non-residents ?stay below the radar and avoid Canadian taxes?

2017-03-07

Douglas Todd The Vancouver Sun Thousands of permanent residents are renouncing their opportunity to immigrate to Canada — for reasons ranging from a dislike of the cold to a desire to avoid Canadian taxes. More than 21,000 people with…

Chinese bank can't collect money owed

2017-03-07

Man allegedly takes out $10M in China, disappears, then buys four homes in Vancouver SAM COOPER The Vancouver Sun This $3.5-million home in Surrey was subject to a freezing order won by a Chinese bank against a man who allegedly defaulted o…

Fraser Valley?s February numbers point to a market on the rise

2017-03-06

Ephraim Vecina Canadian Real Estate Wealth Vancouver isn’t the only housing market that has experienced heightened costs last month, as latest numbers from the Fraser Valley Real Estate Board (FVREB) revealed that the southwestern reg…

$1 million ain?t what it used to be

2017-03-06

Justin da Rosa Canadian Real Estate Wealth What will a cool $1 million buy you across the country?  Obviously, that depends on the market; but increasingly, what was once considered the threshold for a luxury home will buy you less and…

Proposed class action against B.C. says foreign buyers' tax unconstitutional

2017-03-06

Canadian Real Estate Wealth A proposed class-action lawsuit says British Columbia's 15-per-cent tax on foreign nationals who buy homes in the Vancouver area is unfairly prejudiced against people from Asia, who have historically faced discri…

Fraser Valley home sales slump but real estate pros are happy

2017-03-04

Steve Randall Canadian Real Estate Wealth Home sales in the Fraser Valley saw a slump in February, similar to that seen in Metro Vancouver; but the body representing real estate agents in the region isn’t downbeat about it. Sales were…

Look at your home with buyer?s eye before you?re ready to sell

2017-03-04

How to take care of your house like you?re selling it STEVE WYDLER AND HANS WYDLER The Vancouver Sun Homesellers need to understand that buyers today have access to more information and are more educated and savvy than ever. As a result, to…

The Smithe at 885 Cambie Street Vancouver a 27-storey tower with 94 homes by Boffo Development

2017-03-04

The Smithe delivers downtown living in one stylish package KATHLEEN FREIMOND The Vancouver Sun The Smithe Project address: 885 Cambie Street, Vancouver Developer: Boffo Developments Architect: GBL Architects Interior designer: Trepp Design …

New rules home in on condo flippers

2017-03-04

The Vancouver Sun   If you sold your home last year, this tax season you will be required to report some basic information on that sale on the newly updated Schedule 3 “Capital Gains (or Losses) in 2016” of your tax return …

Vancouver is set for a return in Chinese buyer demand - here's why

2017-03-03

Juwai other Despite a 15% foreign buyer tax, a new policy may now allow Chinese to continue buying Vancouver homes. Last August, British Columbia (BC) imposed a 15% property tax on foreign buyers 1 , which saw Chinese buyers interest in red…