Real Estate News & Articles

Paying the price for Liberal's flip-flop on homebuyers tax

2017-02-05

Mike Smyth The Province   There are millions of people around the world who can only dream about starting a new life in a prosperous country like Canada, where hard work and talent are welcomed and rewarded. Nivesh Sharma, 30, was livi…

Telelisting to pay $260,000 for violating the Unsolicited Telecommunications Rules

2017-02-05

CRTC other The Canadian Radio-television and Telecommunications Commission (CRTC) announced today that Hamel Système d'Information 2000 Inc., also known as Telelisting, will pay $260,000 in monetary penalties as part of a settlement …

Pre-sale concrete condo market in Vancouver a reliable bet in 2017

2017-02-04

Ephraim Vecina REP Despite the far-reaching changes brought about by recent rule revisions, the pre-sale concrete condo market in Vancouver has remained relatively unscathed, according to a new report.   The study by MLA Canada noted t…

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

2017-02-04

Pinnacle on the Park to take a convenient, vibrant location SIMON BRIAULT The Vancouver Sun Pinnacle on the Park Project location: 1708 Ontario St. Project size: 140 homes; 590 — 1,600 square feet Prices: $629,900 — $1,399,900 (…

OPAL by Element revolutionizes retirement living with intergenerational concept

2017-02-04

Intergenerational concept key to innovative OPAL by Element retirement community JODIE WARREN The Vancouver Sun When Element Lifestyle Retirement Inc. was planning OPAL, a new retirement community at Cambie Street and King Edward Avenue in …

Home sales plummet in Vancouver as previously red-hot market softens

2017-02-03

The Province   Home sales in Metro Vancouver last month dropped by almost 40 per cent from the year before with the sale of detached houses falling hardest. The Real Estate Board of Greater Vancouver says the townhome and condominium m…

Beijing's tight new currency curbs could affect Vancouver real estate

2017-02-03

Beijing's currency curbs could cool frosty housing market Joanne Lee-Young The Vancouver Sun Beijing’s tight new currency rules designed to make it more difficult for overseas property purchases have Metro Vancouver real estate wonder…

Vancouver Home sales fell by 39% in January (1500 home sales)

2017-02-03

Vancouver home sales slumped last month Steve Randall REP   There was a sharp fall in the number of homes sold in Metro Vancouver last month with detached homes the largest drag on the market. Real Estate Board of Greater Vancouver fig…

Trump to remove safeguard put in place to protect against another financial crisis

2017-02-03

Canadian Real Estate Wealth President Donald Trump will order a sweeping review of the Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said, signing an executive action Friday designed to signif…

Small all-rental apartment building plans to densify West End laneway

2017-02-03

KEVIN GRIFFIN The Province The City of Vancouver’s first laneway apartment building may soon be built in the city’s West End. Council has approved four small rental apartment buildings with a total of 37 suit…

3 Civic Plaza 13483 103 Avenue North Surrey 349 homes in a 51-storey tower by Century Group

2017-02-02

3 Civic Plaza: Surrey tower has sweeping views, unbeatable central location JODIE WARREN The Province Luxury living in the sky is coming to Surrey City Centre. Described by its architect as “the final iconic piece to the City of Surre…

Price, location key to the success of The Wex condo project in Langley

2017-02-02

ROBIN BRUNET The Province The Township of Langley has always provided ample opportunity for responsible growth, and the Willoughby neighbourhood, in which RDG Management’s The Wex is located, continues to be the region’ s fastes…

Promenade at the Quay 118 Carrie Cates Court North Vancouver 117 homes in a 12 storey tower by Polygon Promenade at The Quay Homes Ltd

2017-02-02

Efficiency and luxury showcased at Promenade at the Quay Mary Frances Hill The Province Promenade at the Quay Where: 118 Carrie Cates Court, North Vancouver What: 117 two- and three-bedroom homes Residence sizes and prices: 812 —&nbsp…

City invites feedback on Northeast False Creek plans, report

2017-02-02

City invites feedback on Northeast False Creek plans in new round of open houses Stephanie Ip The Vancouver Sun More public spaces, a new Georgia Street ramp, and a desire to reconnect Vancouver’s historic communities are emergin…

Vancouver looks to boost energy-efficiency standards in new homes under seven storeys

2017-02-02

New energy efficiency rules for some residences Matt Robinson The Province The City of Vancouver plans to boost green building requirements for new residential buildings under seven storeys, including “exceptionally large&rd…

GTA has record year

2017-02-01

Justin da Rosa REP Red hot housing market sees record condo sales in 2016. A total of 27,271 new condo units were sold across the Greater Toronto Area in 2016, up 34% year-over-year and breaking the previous record set in 2011. “The n…

Ontario Real Estate Association Looking at Foreign Buyers Tax

2017-02-01

Associations talk foreign buyers Justin da Rosa Mortgage Broker News Following an amendment to Vancouver’s foreign buyer tax, Ontario-based associations discuss the possibility of a similar policy in Toronto. Should Toronto implement …

Calgary market?s prospects as an affordability haven

2017-02-01

Ephraim Vecina Mortgage Broker News The recent sharp growth in the value Canadian real estate has rightfully grabbed the headlines over the past few quarters, but an industry analyst stated that the market should also take into account the …

Canadian consumer confidence takes a hit after Trump succession

2017-02-01

Ephraim Vecina Mortgage Broker News The first few days of Donald Trump’s presidency have been characterized by critical developments such as his declaration of intent to renegotiate the North American Free Trade Agreement, a move that…

The Canadian housing market is not invincible

2017-02-01

Ephraim Vecina Mortgage Broker News While housing remains an important component of the Canadian economic system, a veteran markets analyst argued that the real estate sector is not immune to a crash similar to—or even worse than&mdas…

Toronto Real Estate Board foresees another year of double digit price increases

2017-01-31

Mortgage Broker News The Toronto Real Estate Board is expecting another year of double-digit price increases and a similar number of property sales to those last year. It says the average price for all types of housing is expected to rise t…

No end in sight for growth of demand in Vancouver rental sector - report

2017-01-30

by Ephraim Vecina Canadian Real Estate Wealth The latest Goodman Report on the apartment sector in Metro Vancouver highlighted the area’s lack of supply amid the ever-growing demand for rental housing in the city.   “It&rsq…

GTA has a crisis level inventory

2017-01-30

An interesting year ahead Justin da Rosa REP Record prices and "crisis"-level inventory issues may well be the major storylines for this major market in 2017. Don’t expect Toronto’s record setting pace in 2016 slow down anytime …

Foreign buyer tax amended

2017-01-30

Canadian Real Estate Wealth British Columbia's premier has announced her government is amending its tax on foreigners buying property in Metro Vancouver. Christy Clark says the levy will be lifted for those who have a work permit and pay ta…