Real Estate News & Articles

CREA spotlights challenges

2017-02-15

Justin da Rosa Canadian Real Estate Wealth The Canadian Real Estate Association has released its first report of 2017, highlighting the challenges homebuyers are poised to face this year. “Canadian homebuyers face some challenges this…

Zillow hit with $8.32 million penalty in copyright infringement suit

2017-02-15

Anna Sobrevinas other Real estate photography company VHT Studios was awarded $8.32 million by a jury after suing Zillow for copyright infringement, according to HousingWire. Zillow will have to pay VHT $79,875 in actual damages and $8.24 m…

Chinese influence on Canada?s real estate market may be coming to an abrupt end due to new rules that lock their funds

2017-02-15

Additional roadblock hindering foreign buyers Justin da Rosa REP The Chinese government announced surprise rules for the exchange of the yuan, which will restrict the outflow of currency.  “As capital flight intensified, China's …

Chunk of foreign buyers locked out of market

2017-02-14

Justin da Rosa Mortgage Broker News Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds. The Chinese government announced surprise rules for the exchange of the yuan, …

Madini says the housing bubble has burst

2017-02-14

Steve Randall REP The sharp downturn in Vancouver’s housing market is not the result of the foreign buyer tax or the federal changes to mortgage regulations according to Capital Economics economist David Madini. “We simply think…

CRA is coming

2017-02-14

Advanced Equity Lending Corp. Mark Fidgett other Here is the new form and the new rule relating to the sale of real estate. Taxpayers must NOW REPORT the sale of their home on their tax return. If you’re claiming an exemptio…

CRA is coming...

2017-02-14

other Here is the new form and the new rule relating to the sale of real estate. Taxpayers must NOW REPORT the sale of their home on their tax return. If you’re claiming an exemption from the capital gains tax, in the p…

Horseshoe Bay at 6409 Bay Street West Vancouver 158 condos and townhouses by Westbank

2017-02-11

Occupants of Westbank?s Horseshoe Bay West Vancouver will reside in a prime waterfront location MICHAEL BERNARD The Vancouver Sun Horseshoe Bay, West Vancouver Project Address: 6409 Bay Street, West Vancouver Project Scope: 158 condominiums…

Housing market imbalances could threaten economy

2017-02-11

Vancouver bubble ?has burst,? expert says, leaving Toronto to drive the market GARRY MARR The Vancouver Sun   Those booming housing markets may make some homeowners rich and provide a short-term boost to the economy, but a Canadian eco…

CRA Whistle Blower program - Federal programs tackle offshore avoidance evasion

2017-02-11

JARED LINDZON The Vancouver Sun A vast majority of Canadians pay their fair share of taxes, but those who don’t put an increased burden on the rest of us. That is why the Canada Revenue Agency (CRA) has implemented initiatives to help…

CRA Whistle Blower program - Federal programs tackle offshore avoidance evasion

2017-02-11

JARED LINDZON The Vancouver Sun A vast majority of Canadians pay their fair share of taxes, but those who don’t put an increased burden on the rest of us. That is why the Canada Revenue Agency (CRA) has implemented initiatives to help…

Airbnb said to be in talks to acquire Luxury Retreats

2017-02-10

Airbnb Is in Talks to Acquire Canada?s Luxury Retreats OLIVIA ZALESKI, GERRIT DE VYNCK AND SCOTT DEVEAU The Vancouver Sun Airbnb Inc. is in talks to buy Montreal-based Luxury Retreats International Inc. to help it expand in high-end vacatio…

Population shrinks in high-priced neighbourhoods

2017-02-10

Housing costs part of dynamics shaping Metro moving trends, demographer says DERRICK PENNER The Vancouver Sun In the leafy confines of Vancouver’s upscale Shaughnessy neighbourhood, the population decreased by 140 residents between th…

Infographic: Greater Vancouver Real Estate, January 2017

2017-02-10

REW Home sales are way down over last January's, but prices are still much higher than a year ago... Get your head around the latest real estate stats with this infographic . Although Vancouver home sales saw what the Real Estate Board of G…

Infographic: Fraser Valley Real Estate, January 2017

2017-02-10

REW Home sales may have fallen last month, but they were still above January's average – and as for those condos... Check out our monthly market infographic for a closer look . The "levelling-off" of Fraser Valley home sales continued…

The Crossing 246 171st Street Surrey 67 townhomes by Gramercy Group

2017-02-09

The Crossing ideal for families seeking quiet, close-knit community ROBIN BRUNET The Province If you haven’ t yet heard of the Pacific Douglas neighbourhood — located in the southernmost tip of Surrey and a stone’s throw f…

Opal 438 West King Edward Avenue 130 units in two buildings 44 condos, 56 rentals and 30 care suites by Opal Development Partnership

2017-02-09

Mary Frances Hill The Province Opal What: A 130-unit development including one six-storey and two four-storey buildings with 44 condos for sale, 56 for rental, and 30 complex-care suites Where: 438 West King Edward Avenue, Vancouver Develop…

New census counts 25,502 unoccupied homes in Vancouver, for 15 per cent jump over 2011

2017-02-09

Number of empty homes up 15 per cent from 2011 JOANNE LEE-YOUNG The Province The latest census numbers for 2016 show there were 25,502 unoccupied or empty housing units in the City of Vancouver. That’s 15 per cent higher than rec…

For Chinese Home Buyers, Seattle Is the New Vancouver

2017-02-08

Laura Kusisto and Kim Mackrael other When Anna Riley, a Seattle-area real-estate agent, held an open house for a new $2.3 million listing in the tony city of Bellevue late last month, the pool of prospective buyers was different from the us…

Fraser Valley buyers broaden home requirements

2017-02-07

Steve Randall Canadian Real Estate Wealth Home buyers in the Fraser Valley are considering a broader range of housing options amid tightening inventory. Home sales in January totalled 976, down 27.1 per cent from a year earlier, the Fraser …

Metro Vancouver housing sales plunge nearly 40% to start 2017

2017-02-06

REP Residential property sales in Metro Vancouver slumped 39.6% in January 2017 compared to the same month last year, figures form the Real Estate Board of Greater Vancouver revealed. There were 1,523 units sold last month, below the 10-yea…

West Van realtor, Shahin Behroyan, alleges 'jealous' rival defamed him on social media

2017-02-05

Sam Cooper The Province A prominent West Vancouver realtor is suing a North Vancouver realtor for defamation in a case involving social-media posts that accuse real estate agents of corruption, cheating and cover-ups. In a B.C. Supreme Cour…

Vancouver real estate developer, James Schow, found guilty of fraud

2017-02-05

Sam Cooper The Province A B.C. Securities Commission hearing has found a formerly high-flying Vancouver real estate developer committed fraud. In a notice of hearing that was issued in 2015, the commission alleged Brendan James Schouw solic…

?Amazing? hourly service on Sunshine Coast ferries will likely end in April

2017-02-05

Randy Shore The Province A switch to hourly sailings on the Horseshoe Bay-Langdale ferry route has Sunshine Coast residents ecstatic, and B.C. Ferries is paying attention. More than 100 people responded to a straw poll about the tempor…