Real Estate News & Articles

Victoria faces property shortages while more move in for lifestyle change

2017-01-10

The Vancouver Sun It’s still the dead of winter in much of Canada, but in Victoria daffodils and crocuses are about to begin sprouting, marking the unofficial signal to start another real estate season for anxious home buyers and sell…

BC Assessments Vs. What Your Home is Truly Worth

2017-01-10

The dollar figure on your provincial property assessment notice should not be taken as your home?s true market value Dustan Woodhouse REW BC Assessment notices have arrived in the mail, giving some homeowners a big smile and a bit more spri…

Southgate Village between 11th Avenue and 14th Avenue and 15th Street and 18th Street 20 towers by Ledmark McAllister

2017-01-10

20 condo towers planned for new 48-acre Southgate neighbourhood at Edmonds Station Kenneth Chan other Much of Metro Vancouver’s building boom is not happening within the boundaries of the city of Vancouver, but rather in neighbouring …

First-time buyers delaying due to mortgage rules

2017-01-09

Steve Randall Canadian Real Estate Wealth The tightened mortgage rules introduced by the federal government last year are having a negative effect on the homebuying plans of first-time buyers. That’s the finding of a survey for the On…

Some see Vancouver link in China's currency rules

2017-01-09

Tighter controls on capital outflow seen partially tied to housing boom CHUCK CHIANG The Vancouver Sun Beijing is cracking down on the export of capital from China and real estate markets like Vancouver’s appear to be one inspiration …

The Belmont at Heritage 22084 Fraser Highway Langley 55 condos in a 4 level wood frame building by Infinity Properties

2017-01-07

Meeting the demand in Langley Michael Bernard The Vancouver Sun   The Belmont at Heritage Project Address: 22084 Fraser Highway, Langley Project Scope:  55 condominium homes ranging from one- to three-bedroom units in a four-level…

Foreign buyers on hunt for cheaper real estate

2017-01-07

Province?s new transfer tax cooling off the luxury market in particular BETHANY LINDSAY The Vancouver Sun There has been a slow uptick in the number of foreign buyers investing in Metro Vancouver real estate, but it’s still drasticall…

Vancouver home sales crash by nearly 40 per cent

2017-01-06

Ephraim Vecina Canadian Real Estate Wealth In its latest set of data releases, the Real Estate Board of Greater Vancouver revealed that sales volume in the city suffered a massive decrease of nearly 40 per cent year-over-year in December (2…

Home inspector ordered to pay $18,645 to buyer

2017-01-06

Martin Rumack REM An Ontario case, Rimmer v. Building Insights Inc. , may give some comfort to potential buyers – but it probably keeps home inspectors awake at night. It features a home inspector who was ordered to pay almost $19,000…

Canadian housing to become even more attractive to foreigners

2017-01-06

Ephraim Vecina Canadian Real Estate Wealth While Canadian real estate has long been attractive to enterprising Asians and Europeans who are looking to invest or park their wealth into overseas housing, an analyst stated that the long-runnin…

Tighter scrutiny of yuan conversion might disrupt Canadian real estate activity

2017-01-06

Ephraim Vecina Mortgage Broker News New rules implemented by the Chinese government on those who are looking to exchange for yuans into foreign currencies might lead to a noticeable slowdown in the Canadian housing market, in which overseas…

Interest rates and market-cooling policies to have clashing effects - analysts

2017-01-06

Ephraim Vecina Mortgage Broker News Climbing interest rates along with recently enacted policies intended to moderate runaway price growth will introduce a strong element of unpredictability into the Canadian housing market this year, accor…

Westside at Orchard Grove 16422 26th Avenue South Surrey 53 single family detached homes by Miracon

2017-01-05

Setting the mood in South Surrey Mary Frances Hill The Province Westside at Orchard Grove Where: 16422 26th Ave., South Surrey What: 53 single-family detached homes Residence sizes and prices: 2,667 — 4,282 square feet,…

Vancouver home price gains still among world's highest despite slowdown

2017-01-05

Metro home-price gains among world?s highest Joanne Lee-Young The Province Metro Vancouver’s residential real estate story was a tale of two halves in 2016. There were scorching sales leading into summer, a cooling off, and then …

Five things to know after receiving a massive increase in your 2017 B.C. property assessment

2017-01-05

Property assessment out of whack? Here are some steps you can take Derrick Penner The Province Now that Lower Mainland homeowners have their 2017 property assessments in hand they may have lingering questions about how those values soared s…

Toronto area home sales hit record high in 2016, average selling price soars

2017-01-05

REP The Toronto Real Estate Board says the GTA's average home price soared to $730,472 last month, up 20 per cent from December 2015. The board says strong December sales volume helped make 2016 a record year for realtor…

This market reached a milestone in 2016

2017-01-05

Steve Randall REP Last year broke records in several Canadian housing markets and one Ontario region reached a milestone in achieving more than 10,000 home sales in a year. London St. Thomas Association of Realtors reported that 10,193 home…

Vancouver sales slumped at year-end

2017-01-05

Steve Randall Canadian Real Estate Wealth   Home sales in Metro Vancouver closed out 2016 with a slump but the year was still the third best on record behind 2015 and 2005. Real Estate Board of Greater Vancouver reports that there were…

China's currency curbs set to impact Canadian real estate

2017-01-05

Steve Randall REP While the impact of foreign buyers of Canadian real estate is inconclusive, there are certainly many buyers from the Chinese mainland who choose Vancouver and Toronto among their favourite markets. However, that could begi…

It's prudent to spell out details in council meeting's minutes

2017-01-05

Prudent to spell out details in council minutes Tony Gioventu The Province Dear Tony: Our strata council and property manager have had the habit of recording a simple ending to each council decision. MSC: motioned, seconded, carried. Severa…

A look-ahead: Trends that could impact the industry this year

2017-01-05

Justin da Rosa Mortgage Broker News These are the major storylines brokers will want to keep an eye on in 2017, according to one industry veteran. All eyes on Trump Those sick of seeing the President-elect’s shenanigans pop up in thei…

Caution: More potholes ahead

2017-01-05

REPAIR WORK: Cities prepare for more road damage because of this winter?s harsher than usual weather JENNIFER SALTMAN The Province Snow and ice aren’t the only hazards Lower Mainland drivers face this winter — potholes are also …

Losing homeowners grant hits hard at retirement time

2017-01-05

The Province I just read the article on the new tax assessments. I took a look at the assessment online for our average, modest, 30-year-old Burnaby home. Our property assessment went up by $400,000 in one year, and as a result we have lost…

More parents ponying up for kids' houses: Survey

2017-01-04

72 per cent of notaries public say ?bank of mom and dad? funding bulk of first-time buyers? down payments GLEN SCHAEFER The Province In 2015, 57 per cent of B.C. notaries said first-time homebuyers typically received help with their down pa…