Real Estate News & Articles

An investment that pays itself off in six months?

2017-02-24

Justin da Rosa Canadian Real Estate Wealth   This is how crazy Toronto real estate has gotten. The average one bedroom apartment rental in Toronto costs $1,465 a month – pricing many young professionals and other Torontonians out…

Ontario budget leaning heavily on Toronto housing market

2017-02-23

Ephraim Vecina Mortgage Broker News Over the past few years, elevated activity and growth in Toronto’s residential real estate market has made it a powerhouse in the Ontario economy—ironically leading to the province being heavi…

Analysts weigh in on recent Toronto market developments

2017-02-23

Ephraim Vecina Mortgage Broker News Fresh numbers on the Toronto real estate sector painted a picture of a market on overdrive, with the latest edition of the Teranet - National Bank Composite House Price Index showing that home prices in t…

Tax relief for first-time buyers

2017-02-23

Justin da Rosa Mortgage Broker News One market has reduced land transfer taxes for first-time homebuyers. It’s been a whirlwind few months for real estate in British Columbia, but the latest news will likely be viewed as a small victo…

Airbnb not considered rentals under strata act

2017-02-23

Understanding rental rules Tony Gioventu The Province Dear Tony: We purchased our condo in 2013 with the understanding that our strata corporation could not impose any rental bylaws. We started using our condo as an Airbnb in 2015 and in th…

Parc East homes ideal for a range of buyers

2017-02-23

Tri-Cities project a fit for first-time homeowners, ?upsizers? and investors alike ROBIN BRUNET The Province In the Tri-Cities, which is home to the Parc East condominiums by Altas Global Developments, the big city thrives on the edge of wi…

Pinnacle on the Park 140 homes in an 18 storey tower at 1708 Ontario Street by Pinnacle International

2017-02-23

Getting creative with smaller spaces Mary Frances Hill The Province Pinnacle on the Park What: 140 homes in an 18-storey tower Where: 1708 Ontario St. Residence sizes and prices: 590 — 1,600 square feet; $629,900 — $1,399,900 (p…

Vancouver Chinese Buyer in a Landmark ruling ordered to repay Chinas Citic Bank millions after buying a house in Surrey

2017-02-23

The rare ruling could open the ?floodgates? for the pursuit of illicit Chinese funds in Canada Ian Young other A luxury home in Surrey, BC, that Citic bank says was purchased by Yan Shibiao. Bought in 2014 for C$3.18 million, it was resold …

PTT exemption for 1st time buyers raised to $500K today and for purchase of new homes to $750K

2017-02-22

BCREA other Download Document

A quarter of the city's homes may be torn down by 2030, UBC prof says

2017-02-22

One-quarter of Vancouver homes could be torn down by 2030 because of rising land costs, study warns Joanne Lee-Young The Vancouver Sun Many Metro homes? low value relative to the property they stand on makes them wrecking ball fodder, a UBC…

Post-industrial wave washes over Mount Pleasant's heavy-industry buildings

2017-02-22

Post-industrial wave washes over Mount Pleasant?s buildings Evan Duggan The Vancouver Sun New developments that are blending light industry with office space in Mount Pleasant are accelerating the transformation of a neighbourhood once know…

Vancouver mayor takes frank tone on housing crisis

2017-02-22

Mayor lays out several ways he envisions increasing supply and lowering cost Matt Robinson The Vancouver Sun Gregor Robertson faces two particularly tough tasks over the next year-and-a-half. First, in the middle of a housing affordabi…

No improvement in sight for affordability says report

2017-02-21

Steve Randall Canadian Real Estate Wealth The restricted supply of multifamily units in Vancouver’s lower mainland will continue to hamper affordability, the Urban Development Institute says. In its latest State of the Market report, …

Calgary developer invests in Mexico's booming resort market

2017-02-20

Recent government rule changes allow Canadians more freedom, flexibility and safety to own Mexican real estate Baila Lazarus Western Investor F ormer Canadian Olympian and current Calgary developer Cary Mullen has blown up some myths about …

Bellevue 2290 Marine Drive, West Vancouver a 16-storey tower with 35 homes by Cressey

2017-02-18

Bellevue units will have large outlooks ? and high-end spaces from which to enjoy them KATHLEEN FREIMOND The Vancouver Sun Bellevue  Project address: 2290 Marine Drive, West Vancouver Project city: West Vancouver Developer: Cressey Dev…

The Real Force Behind Canada's Housing Boom

2017-02-18

Newcomers? dreams of ownership are a big reason for the industry?s rising prices Garry Marr The Vancouver Sun The mayor of Caledon, a town of about 60,000 northwest of Toronto, says government can try all it wants, but the dream of owning a…

Victoria-to-Vancouver ferry launching in May targets luxury market

2017-02-18

Luxury ferry service to offer 3 pricing levels JEFF BELL The Vancouver Sun V2V Vacations says it expects to launch its passenger ferry service between downtown Victoria and downtown Vancouver on May 1 with three tiers of service, at $1…

How would Vancouver's housing bubble burst? Look to China

2017-02-17

Douglas Todd The Vancouver Sun No question is more on the minds of Metro Vancouver homeowners and renters than how and when the region’s housing bubble could burst. After stratospheric escalation, a punctured bubble would be disa…

Tips for getting the best price

2017-02-16

Retain a commercial brokerage when considering liquidation Tony Gioventu The Province Dear Tony: Our strata owners have been enticed by an agent to consider selling our entire property and liquidating. At a recent information meeting, the a…

Summit at 14058 61st Avenue Surrey 89 townhomes by Hayer Builders Group

2017-02-16

Warm and contemporary design showcased at Summit in Surrey Mary Frances Hill The Province Summit What: 89 townhomes with rooftop patios Where: 14058 61 Ave., Surrey Residence sizes and prices: 1,770 — 2,046 square feet; from $639,900 …

Two Metro Vancouver properties heading for the auction block as part of new sales strategy

2017-02-16

Are blind bids going, going, gone? CHERYL CHAN The Province Harcourts Canada, a newcomer to Metro Vancouver’s real estate scene, wants to make housing auctions a common and accepted way of buying and selling homes.  “It&rsq…

Toronto housing is in a bubble says BMO economist

2017-02-16

Steve Randall Canadian Real Estate Wealth There’s a housing bubble in Toronto and we need to “drop the pretence” and face it, BMO’s chief economist said Wednesday. Douglas Porter said that prices rising 22.6 per cent…

Home sales in B.C. return to 'historic averages? says real estate board

2017-02-15

The Vancouver Sun The British Columbia Real Estate Association says the province’s housing market has tumbled from record highs posted in 2016 to return to what it calls historic, long-term averages. The association says 4,487 condos,…

Middle-class buyers finding it harder to get into the Vancouver housing market

2017-02-15

Ephraim Vecina Canadian Real Estate Wealth Still one of the nation’s most expensive residential real estate markets, Vancouver continues to push middle-class families and hopeful home owners out despite a conspicuous slowdown in sales…