Real Estate News & Articles

216 & 83rd interchange upsetting the locals

2017-01-24

Incoming interchange ?bloody criminal? KENT SPENCER The Province Homeowners Eugene and Betty Nelson feel terribly wronged about a new freeway interchange that is coming to the Langley Township, a few paces from their front yard. T…

Elegant Mott 32 close to opening at Trump Tower

2017-01-24

Hong Kong's Mott 32 opening next week at Vancouver's Trump Tower Mia Stainsby The Vancouver Sun In the days leading up to the opening of Mott 32, a posh Chinese restaurant in Vancouver’s new Trump International Hotel and Tower, one of…

Warning over flood risk for homebuyers

2017-01-23

Steve Randall Canadian Real Estate Wealth Homebuyers may believe that they are protected in the event of a flood but are ill-informed. A poll commissioned by Public Safety Canada reveals that 40 per cent of homeowners think the federal gove…

Tech company turns home ownership into a game

2017-01-23

Justin da Rosa REP Canada’s newest broker aims to become the premier digital player in Canada, and its latest product attempts to gamify mortgages by rewarding homeowners for paying down their debt. “We’re excited to launc…

Kijiji Q&A on real estate Part 2

2017-01-23

Justin da Rosa Canadian Real Estate Wealth We talk the markets that showed the most surprising demand in 2016, as well as a forecast for the near future   CREW: Which markets were the most surprising in terms of demand?   AM: The …

Vancouver the most expensive Canadian city to move to

2017-01-23

Vancouver the priciest city to move to in Canada Gordon Clark The Province Vancouver, the beautiful city of my birth, got more lousy news last week concerning its affordability and ability to recruit workers and, therefore, employers. Movin…

OPAL 438 West King Edward a retirement community of 130 homes in three buildings of a 6 storey and two 4 stories by Opal Development

2017-01-21

Luxury development has variety of accommodations and spans city block Kathleen Freimond The Vancouver Sun Project: Opal Project address: 438 West King Edward Avenue Project city: Cambie Village, Vancouver Developer: Opal Retirement Inc. and…

Trump Tower highly scrutinized and appealing to the rich

2017-01-21

Wealthy locals, American billionaire among Trump Vancouver condo owners ? JOANNE LEE- YOUNG AND SCOTT NEUFELD The Vancouver Sun We take you inside Trump tower, perhaps the most scrutinized building that’s ever gone up in Vancouver. Th…

Victoria councillors petition provincial government for vacancy tax

2017-01-20

Ephraim Vecina Mortgage Broker News Victoria city councillors Ben Isitt and Jeremy Loveda have called on the B.C. government to implement a tax on vacant homes, as well as include the Capital Regional District in the areas covered by the 15…

Q&A with Kijiji?s head of real estate

2017-01-20

Justin da Rosa Canadian Real Estate Wealth Your potential clients are increasingly turning to Kijiji to find their next rental. We spoke to the popular website about which markets are the most desirable, and which may provide the best bang …

First-time buyers need genuine help, not coddling - analyst

2017-01-20

Ephraim Vecina Canadian Real Estate Wealth Contrary to fears that the CMHC’s mortgage insurance premium hike earlier this week will make purchasing more difficult for hopeful home owners, a long-time industry analyst argued that the C…

Trump effect: US searches for Canadian real estate surge

2017-01-20

Steve Randall Canadian Real Estate Wealth There has been a surge of interest in Canadian real estate from south of the border following Donald Trump’s election as US president. A report from real estate brokerage Royal LePage reveals …

Extend foreign buyer home tax to capital region, two Victoria councillors urge

2017-01-19

Bill Cleverley The Province VICTORIA — Two Victoria councillors want the 15 per cent provincial property transfer tax on foreign buyers applied in the capital region, and say local municipalities should be given the authority to …

Call for housing affordability task force

2017-01-19

Steve Randall Canadian Real Estate Wealth The government in Ontario should establish a housing affordability task force to tackle the increasing barriers for first-time buyers, the province’s real estate body says. “We are facin…

Manage your risk by carefully scrutinizing depreciation reports

2017-01-19

Focus on future costs as well Tony Gioventu The Province Dear Tony: Our situation is something every first-time homebuyer should be aware of.  We purchased into an older four-floor wood-frame apartment building in Richmond in September…

Zetter Place 8520 204th Street Langley 82 townhomes by Lanstone Homes

2017-01-19

Zetter Place merges country living with an ?urban esthetic? Mary Frances Hill The Province Zetter Place Where: 8520 204th Street, Langley What: 82 townhomes at Yorkson Creek, Langley Residence sizes and prices:  1,232 — 1,97…

'Big ideas' sought for Arbutus Greenway

2017-01-18

Naoibh O'Connor Vancouver Courier The city is encouraging Vancouverites to use the temporary path along Arbutus Greenway to get a better idea about the possibilities for the final design. Photo Dan Toulgoet The city kicked off public consul…

Condo Prices 'Can't Not Go Up' in 2017 - But BC Election Will Hit Market: Agent

2017-01-18

Demand for condos so high and supply so limited, prices will keep rising, even under election-related market uncertainty, argues leading local agent Joannah Connolly REW As house prices have slid over the fall and winter, condo sales have s…

Genworth follows CMHC with MI premium hike

2017-01-18

Steve Randall REP Canada’s largest private mortgage insurer is increasing its premiums, following a hike by CMHC. Genworth says that the change is not expected to have a significant impact on homeowners with a 5 per cent downpayment o…

Bank of Canada announces rate

2017-01-18

REP Bank of Canada holds interest rate, begins to bake some Trump risks into outlook. The Bank of Canada is holding its benchmark interest rate at 0.5 per cent and providing a deeper assessment of the risks associated with the big economic …

Canadian home sales surge in December, but market troubles imminent

2017-01-18

Ephraim Vecina Canadian Real Estate Wealth Sales of homes across Canada rallied by 2.2 per cent month-over-month in December after November transactions suffered some weakness in the wake of stricter mortgage rules, according to a new repor…

Price growth showing no signs of halting anytime soon - report

2017-01-18

Ephraim Vecina Canadian Real Estate Wealth According to a report from one of the country’s leading brokerages, Canadian residential real estate markets saw a 13.0 per cent year-over-year increase (up to $558,153) in Q4 2016—the …

Overheated markets fertile ground for fraud

2017-01-18

Ephraim Vecina REP In its latest study, Equifax Inc. revealed that the incidence of mortgage fraud in Canada has risen along with the runaway prices in the country’s hottest real estate markets.   The credit reporting agency stat…

Vancouver is at a turning point in creating an identity for itself

2017-01-18

PETE MCMARTIN The Vancouver Sun In the late 1980s, Saturday Night magazine commissioned British writer Jan Morris to write about Canada. To Morris — a global traveller who once said she believed Canada to be the best and most moral of…