Real Estate News & Articles

BC Home Sales Post Record Year for 2016

2017-01-13

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BC HOUSING Second Mortgage Financing Guidelines

2017-01-13

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BC sets real estate record

2017-01-13

Justin da Rosa Mortgage Broker News British Columbia enjoyed record real estate sales in 2016, with 112,209 total residential homes sold – an increase of 9.5% year-over-year. “Broad-based consumer demand driven by strong economi…

Stronger migration bolstering Victoria real estate

2017-01-13

Ephraim Vecina REP   Healthy inbound migration is predicted to play a major role in the gradual upward climb of Victoria home prices this year, according to the province’s outgoing real estate board chief. “There’s mo…

Greater Vancouver Home Prices to Slide 8.5% in 2017: Royal LePage

2017-01-12

?As sanity returns to the marketplace? and foreign investment wanes, local homes will lose much of the price appreciation seen since spring last year, says forecast REW The report predicted that foreign investment will “wane further w…

Home prices to drop almost 9% across Greater Vancouver: Royal LePage

2017-01-12

Emma Crawford Hampel Vancouver Courier Decreasing affordability and falling consumer confidence across Greater Vancouver are expected to contribute to cooling home prices in 2017, according to a Royal LePage forecast released January 12. Pr…

Condo king Bob Rennie sues Vancouver developer, multi-billion-dollar pension funds for unpaid fees

2017-01-12

Rennie seeks $16 million in suit against developer over alleged unpaid fees ? JOANNE LEE-YOUNG The Vancouver Sun Condo king Bob Rennie has been the target of many lawsuits, but for over four decades, the power broker says he has n…

Imperial at 5051 Imperial Street Burnaby 169 one, two and three bedroom homes and 13 townhomes by Amacon Development

2017-01-12

Imperial?s condos feature sophisticated design work that aims to provide a getaway feeling Mary Frances Hill The Province   Project:  Imperial Project Address:  5051 Imperial St., Burnaby Project Scope:  A tota…

Sub-prime lenders in risky lending deals

2017-01-12

Steve Randall Canadian Real Estate Wealth Canada’s sub-prime mortgage lenders are increasingly teaming with unregulated Mortgage Investment Corporations (MICs) to avoid rules designed to outlaw risky lending practices. Reuters reports…

Brokerage releases annual real estate report

2017-01-12

Justin da Rosa REP A Vancouver price correction is expected to contribute to more moderate home price growth across the country, according to a comprehensive report. But that doesn’t spell the end for the country’s former hottes…

Arbutus 4255 Arbutus Street mixed use affordable living, retail, office space, and more by Larco Investments Ltd

2017-01-12

Arbutus Village redevelopment about to begin Naoibh O'Connor Vancouver Courier The upcoming redevelopment of Arbutus Village means neighbouring residents will be without a full-scale Safeway for about two years. Sobeys Inc., which owns Safe…

The Future of Tech is Happening Now

2017-01-11

other CES - Consumer Electronics Show - also known as the most important tech innovation convention in the world, is happening this weekend. CES is held yearly in Las Vegas, and is the site where the newest and shiniest tech innovations (in…

The Future of Tech is Happening Now

2017-01-11

other CES - Consumer Electronics Show - also known as the most important tech innovation convention in the world, is happening this weekend. CES is held yearly in Las Vegas, and is the site where the newest and shiniest tech innovations (in…

Fifth Avenue News Letter ? Industrial news

2017-01-11

W. Scott Brown other For many, the arrival of each year new is met with a certain sense of hope. I certainly feel that way. Since I was about 18 years old, at the end of each year I have taken time to reflect on the year that was and contem…

Burrard Place tower set to transform area

2017-01-11

Residential and office complex will become city?s third-tallest building ? SCOTT NEUFELD The Vancouver Sun Work is underway on Vancouver’s latest multi-tower office and residential project on Burrard Street, which will add nearly 250,…

Stricter Chinese money rules might stifle foreigner influx into Canada

2017-01-11

Ephraim Vecina Canadian Real Estate Wealth The Chinese government’s new, stricter rules on money exchange may have a domino effect on the foreigner-dependent Canadian housing sector. Beginning this month, mainland authorities will now…

Balcony fine not binding

2017-01-11

Bylaws deemed unenforceable Tony Gioventu other Dear Tony: I have owned my strata lot in East Vancouver for 22 years. In September, I received a notice from my strata council that I had altered my balcony without written permission, and unl…

Kelowna as one of B.C.'s most promising markets

2017-01-11

Ephraim Vecina Mortgage Broker News The recent release of the B.C. government’s latest property assessments revealed that a city on the southern section of the province has become one of the country’s most desirable housing dest…

Foreign buyer's tax played a major role in slowing down overseas entry - analyst

2017-01-11

Ephraim Vecina Mortgage Broker News Implemented in August 2016, the B.C. government’s 15 per cent tax on foreign buyers has proven crucial in damming the entry of overseas capital into Vancouver, according to a markets observer. &nbsp…

CMHC-insured mortgages keeping the national financial system afloat - report

2017-01-11

Ephraim Vecina Mortgage Broker News The Canadian housing sector continues to cement its status as one of the pillars of the national economy, following an outlook report that revealed the central role that mortgages are playing in the feder…

Hot Spots for Condo Investment in 2017

2017-01-11

Three of the four hottest areas for real estate investing this year could be outside of Metro Vancouver Frank O'Brien REW With the Metro Vancouver market seemingly on a corrective course in 2017, where should would-be condo investors turn f…

Threshold for B.C. homeowner grant raised to $1.6-million

2017-01-10

Homeowners grant limit upped to $1.6 million GEORDON OMAND The Globe and Mail British Columbia residents whose homes are valued at up to $1.6-million will now be eligible for a reduction on their annual property-tax bill. The provincial gov…

Tight inventory will maintain price growth for Victoria

2017-01-10

Steve Randall REP Last year saw strong sales and price rises for homes in the Victoria region but sales are expected to be more moderate in 2017. The Victoria Real Estate Board believes that prices will continue to rise despite slower sales…

Update on Pemberton market

2017-01-10

other Increased awareness, affordability/good value, and a relaxed rural life style attracted buyers to Pemberton in record numbers in 2016. Recreational enthusiasts, first time home buyers, investors and those looking for a return to a cou…