Real Estate News & Articles

No bubble for Vancouver says real estate leader

2017-01-30

Steve Randall Canadian Real Estate Wealth There is no bubble in the BC housing market despite some challenges in the year ahead. Eric Carlson, founder and CEO of Anthem Properties Group said that the Vancouver market is balanced rather than…

Zoocasa and competition in the Canadian real estate broker system

2017-01-30

Elton Ash ABR CRES other I have been involved in every facet of the real estate brokerage business for 33 years. Over those 33 years I have experienced a lot of change in our profession. Each time there is change there is also a huge fear a…

B.C. Premier Christy Clark to lift foreign buyers tax for those with work permits

2017-01-30

Clark promises to lift foreign buyers tax for those with work permits CHERYL CHAN The Province Premier Christy Clark announced Sunday that foreigners with work permits who live and work in B.C. will be exempted from the province’s 15-…

Alberni tower at 1550 Alberni Street Vancouver?s unique design by Kengo Kuma

2017-01-29

Westbank brings Japanese layering philosophy to Vancouver JODIE WARREN The Province Westbank and Peterson are thrilled to co-present Japan Unlayered, an exhibition celebrating contemporary Japanese architecture, design, and culture, to be h…

Government suspends quarry?s permit to take, store contaminated soil

2017-01-29

Lindsay Kines The Province The B.C. government has suspended a permit that allowed a quarry to receive and store contaminated soil upstream from Shawnigan Lake. Environment Minister Mary Polak announced the move late Friday, using rarely us…

'Massive reform' of child care urged

2017-01-29

Call comes after boy dies at unlicensed daycare Bethany Lindsay The Province Flowers were left outside an unlicensed daycare on Kitchener Street in Vancouver, where 16-month-old Macallan Wayne Saini died earlier this month. ARLEN REDEKOP/ F…

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

2017-01-28

Private rooftop patios give spacious Summit townhomes the ?wow? factor Shawn Conner The Vancouver Sun Project: Summit Project location: 14058 61 Ave., Surrey Project size: 89 units with rooftop patios Residence size: 1,770 — 2,046 squ…

Alberni Condo at 1550 Alberni Street a 43 storey tower with 188 units by architect Kengo Kuma and Westbank Developments

2017-01-28

Vancouver to get unique 'soft skyscraper' in West Georgia corridor Kevin Griffin The Vancouver Sun Vancouver’s skyline is about to get a unique addition: a ‘soft skyscraper’, clad with shingled panels to create soft, blurr…

Province?s mine cleanup underfunding climbs to nearly $1.3B: minister

2017-01-28

Underfunding for mine cleanups rises to more than $1.27 billion Gordon Hoekstra The Vancouver Sun Underfunding for the clean-up of mines inched up to $1.273 billion in 2015, upping the level of financial risk to taxpayers above what it was …

Housing red flags from RBC with more regulations expected

2017-01-27

Steve Randall REP Affordability in Vancouver and Toronto, the rental market balance in Calgary, and levels of multifamily construction in four major markets; all highlighted as significant risks to the housing market by RBC Economics. In it…

Overseas buyers mainly responsible for Toronto, Victoria price growth

2017-01-27

Ephraim Vecina Canadian Real Estate Wealth The steady entry of foreign money is chiefly responsible for the continuous growth in Toronto and Victoria residential real estate prices, according to the Bank of Montreal.   “We have e…

World's biggest real estate buyers suddenly short on cash

2017-01-27

other China’s escalating crackdown on capital outflows is sending shudders through property markets around the world. In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months …

The Zuckerberg Effect: Qualities of a Good Boss

2017-01-27

Justyna Polaczyk other Mark Zuckerberg is probably one of the most beloved leaders in the business world. With a whopping 99% approval rating from his employees , he seems to be more of a superhero than a regular boss. But the thing is that…

Toronto Agent supplying SOLD data hearing nearing conclusion

2017-01-27

Sold data ruling expected Justin da Rosa REP The ongoing battle between the Toronto Real Estate board and a popular real estate website may be nearing its conclusion “The process continues and there’s no telling how long the thr…

Strong evidence of problematic conditions persists in real estate market: CMHC

2017-01-26

Canadian Real Estate Wealth Canada's federal housing agency says strong evidence of problematic conditions continues to exist in the national housing market. Canada Mortgage and Housing Corporation says the most prevalent issues it has obse…

Reverse mortgage sales soar for HomEquity

2017-01-26

Steve Randall Canadian Real Estate Wealth HomEquity Bank has reported a 26 per cent rise in reverse mortgage sales with a total of $459 million in 2016. The figures reflect a sharp rise in the firm’s mortgage broker business which inc…

Strata budget hit hard by unexpected snowfall

2017-01-26

Snow removal pushes strata budget into red ? Tony Gioventu The Province Dear Tony:   I am the president of my townhouse strata in Surrey. The snowfall that we experienced over the Christmas season will result in our year-end budge…

Belmont at Heritage 22084 Fraser Highway Langley 55 condos in a four level wood frame building by Infinity Properties

2017-01-26

Designer for Belmont at Heritage complements angular spaces with soft touches Mary Frances Hill The Province Belmont at Heritage Where: 22084 Fraser Highway, Langley What:  55 condominium homes ranging from one- to three-bedroom units …

Airbnb pays better than long-term rentals

2017-01-25

Vancouver property owners still don?t recoup their money nearly as fast as owners in other cities JENNIFER SALTMAN The Province The owner of a three-bedroom property in Vancouver could recoup their purchase price about 10 years faster if th…

Vancouver near the bottom of global housing affordability rankings

2017-01-25

Ephraim Vecina Mortgage Broker News The latest edition of an annual survey by global statistics consultancy Demographia found that Vancouver is the third least affordable metropolitan housing market in the world as of the beginning of 2017,…

Equifax unveils multi-million-dollar credit data platform

2017-01-25

Steve Randall Canadian Real Estate Wealth Mortgage lenders will have access to enhanced insights into customers’ credit profiles following the release of a new multi-million-dollar technology platform. Equifax Canada has announced tha…

City of Vancouver Proposed Character Home Zoning Changes Petition

2017-01-25

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Metro Vancouver rental housing remains in short supply

2017-01-25

Demand high in rental housing, industrial property sectors CHUCK CHIANG The Vancouver Sun Metro Vancouver’s rental housing and industrial markets remain highly active, with demand outstripping supply on both fronts, leading to sales a…

Vancouver remains one of the world's most expensive cities

2017-01-24

Steve Randall Canadian Real Estate Wealth Vancouver remains in the top three most expensive cities to own a home for middle-income earners. An annual housing affordability report from Demographia ranks Hong Kong as the most expensive, the s…