Real Estate News & Articles

No easing for GTA home prices

2016-12-23

The Greater Toronto Area real estate still rising Steve Randall REP Home prices in the Greater Toronto Area continued to rise to unprecedented levels in November, the Building Industry and Land Development Association (BILD) says. Its lates…

BC Government 1st Time Home Buyer Plan

2016-12-23

Taking Bold Action on Housing other Offers qualifying home buyers loans of up to $37,500, interest and payment free, for five years. The province will begin accepting applications on January 16, 2017. To qualify, buyers must: be buying thei…

B.C. first-time buyers' plan panned

2016-12-23

Program persuades people to take ?big risk with other people?s money,? economist says The Province A new interest-free loan program touted by the B.C. government as a boon to first-time homebuyers struggling to save for a down payment is dr…

Vancouver real estate prices face double-digit drop in 2017: LePage

2016-12-22

Housing correction is coming Cheryl Chan The Vancouver Sun The forecast for a double-digit price drop in Vancouver’s housing market makes for a nice or nasty surprise for 2017, depending on where you are on the property ladd…

2017 Property Assessment Notices

2016-12-21

other Property owners in BC will start to receive 2017 property assessment notices in early January 2017. These notices are prepared by BC Assessment, a provincial Crown corporation that classifies and values all real property in British Co…

2017 Property Assessment Notices

2016-12-21

other Property owners in BC will start to receive 2017 property assessment notices in early January 2017. These notices are prepared by BC Assessment, a provincial Crown corporation that classifies and values all real property in British Co…

Home sales activity in B.C. to shrink next year

2016-12-19

Ephraim Vecina Mortgage Broker News Sales of homes in British Columbia will contract noticeably next year, the Canadian Real Estate Association announced on December 15.   In its update to its outlook on resale housing, CREA said that …

Western Investor January 2017 Digital Edition

2016-12-19

Western Investor Download Document

Residential investing 2017: surviving government 'help'

2016-12-19

Frank O/brien Western Investor Download Document

Zetter Place 8520 204th Street Langley BC 82 two ? four bedroom townhouses by Lanstone Homes

2016-12-17

Contemporary design makes Zetter Place a standout Simon Briault The Vancouver Sun Zetter Place Project location: 8520 204 th Street, Langley Project size: 82 townhomes, 1,232 — 1,978 square feet Prices: From $419,900 for A plan (…

First-time buyer program potentially adds fuel to hottest part of B.C.'s real estate market

2016-12-17

Provincial program could boost townhomes Derrick Penner The Vancouver Sun British Columbia’s new assistance program for first-time home buyers has the potential to bolster a segment of the property market that has stayed strong in the…

B.C.'s new second mortgage program is an old Socred idea with new money

2016-12-17

Home loan program an old Socred idea with new money Jeff Lee The Vancouver Sun If the provincial government’s new mortgage assistance program for first-time homebuyers sounds familiar, that’s because it is certainly not new. For…

Big banks backing away from secondary mortgage-lending practices

2016-12-17

Lending could be further curbed in anticipation of a housing correction Joanne Lee-Young The Vancouver Sun As federal regulators tighten mortgage rules, there are signs the big banks are moving away from the behind-the-scenes lending practi…

Major investor hotspot no longer seller's market

2016-12-16

Justin da Rosa Canadian Real Estate Wealth Real estate association tries to find the positive in a downward trending market. “BC home sales trend toward ten-year average,” the British Columbia Real Estate Association proclaimed …

U.S. Fed rate hike will spill over the border

2016-12-16

Ephraim Vecina Canadian Real Estate Wealth Any move by the U.S. Federal Reserve will have a noticeable impact on the Canadian financial system—and this is especially true for any fluctuation in the Fed’s rates.   “Int…

Residential investment slowdown to affect national economy soon

2016-12-16

Ephraim Vecina REP In a study released earlier this week, Canada’s budget overseer warned that the country’s cooling real estate sector will lead to a drastic drop in the number of new homes—which in turn will trigger a sl…

Initial reactions to new first-time buyer initiative

2016-12-16

REP It was a welcome announcement from the BC government, but it has its critics “It's great that the BC Government is helping first-time homebuyers but I am wondering what this program is doing to address the increasing house prices.…

Economist slams BC first-timers loan

2016-12-16

Steve Randall REP The announcement from the BC government that it will help first-time buyers with a new tax-free loan program has been welcomed by many but not everyone agrees that it is the right move. The scheme will enable eligible buye…

New program partners with first-time homebuyers as they enter the housing market

2016-12-16

BC Government other Download Document

New program partners with first-time homebuyers as they enter the housing market

2016-12-16

BC Gorvernment other Download Document

B.C. first-time homebuyers loan program sparks debate, concern

2016-12-16

Rob Shaw, Jennifer Saltman The Vancouver Sun First-time homebuyers struggling to cobble together a down payment for a home could soon get an interest-free loan from the B.C. government, a move some experts say undermines…

Real Estate Council restricts licences of two fast-growing Vancouver brokerages

2016-12-15

Real estate brokerages have licences restricted Joanne Lee-Young The Vancouver Sun Two fast-growing Vancouver area brokerages have had restrictions placed on their licences by the Real Estate Council. The council will not say when it p…

BC Home Sales Trend Toward Ten-Year Average

2016-12-15

BCREA other Download Document

Triomphe 1904 Gilmore Avenue 340 homes by Millennium Development Group

2016-12-15

Millenium development creates feeling of ?high-end Parisian and New York residences? Mary Frances Hill The Province Project:  Triomphe Where:  Gilmore Avenue and Halifax Street, Burnaby What:  340 homes, one — thre…