Real Estate News & Articles

CREA raises forecast for 2016 home sales, expects fewer sales in 2017

2016-12-15

REP The Canadian Real Estate Association is forecasting national home sales this year will be slightly higher than its previous estimates, with increased expectations for Ontario offsetting a decline for British Columbia. The association sa…

If an owner won't make needed repairs, the corporation will

2016-12-15

Single claim cannot be split Tony Gioventu The Province We have an unusual situation. A flood occurred in our building and the damages were below the deductible, which is $25,000. As a result, three suites — 301, 201 and 101 — w…

BCREA Applauds the New BC HOME Partnership Program

2016-12-15

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City fades as lender hot spot

2016-12-14

Toronto now No. 1 market for commercial financing, CBRE Canada says in report EVAN DUGGAN The Vancouver Sun The appetite to finance Canadian commercial real estate remains high among lenders, but that eagerness to lend is retreating in Metr…

Your House Is a Masterpiece. Why Can't You Sell It?

2016-12-12

James Tarmy Canadian Real Estate Wealth In the late 1960s, the architect Luis Barragán was commissioned to create an equestrian compound in Mexico City with stables, a four-bedroom main house, riding paddocks, and a shallow pool for&…

What Condo Owners Need To Know About Insurance

2016-12-12

other Most owners of condos that they rent out do not have liability insurance - if tenant does not have content insurance and owner does not have condo tenant liability insurance then if a tenant floods the suite, the owner will have to pa…

New co-op housing at Fraserview signals change in financing affordable housing

2016-12-12

Fraserview co-op signals change in financing affordable housing Kim Pemberton The Vancouver Sun A new co-operative housing project, near the Fraser River off Marine Drive, is under construction after the City of Vancouver donated land to th…

Pixel at 6231 Kingsway a 4-storey low-rise with 101 homes by THIND Properties

2016-12-11

THIND Properties receives three finalist nods JODIE WARREN The Province A finalist in three Georgie Award categories for its highly successful Pixel project in Burnaby, THIND Properties Ltd. is gearing up to launch its biggest development t…

IMPERIAL 5051 Imperial Street Burnaby 169 homes in a 26 storey tower by Amacon Development

2016-12-10

Burnaby highrise design recalls ?sleek geometry? of luxury automobile MICHAEL BERNARD The Vancouver Sun Project: Imperial Project Address: 5051 Imperial St., Burnaby Project Scope: A total of 169 one-, two-, two-bedroom-and-den, and three-b…

Hidden home ownership common in B.C., anti-corruption group says

2016-12-10

Shell companies, nominees and trusts mask the real buyers SAM COOPER The Vancouver Sun The majority owner of a Point Grey mansion that sold earlier this year for a record $31.1 million is a student, property records show. ALIX BROWN/ SHONA …

Ontario court ruling won't allow unit owners to rent on sites like AirBnb

2016-12-10

Condo building can ban sharing services DREW HASSELBACK The Vancouver Sun A condo corporation argued in court that making a unit available for short-term stays violated its ?declaration,? which included a single-family use provision. TYLER …

Preparing for the doomsday scenario

2016-12-10

In a real estate crash, the pain goes beyond falling house prices TED RECHTSHAFFEN The Vancouver Sun Canadian real estate prices only have three main directions they can go: Up, flat or down. Now that we have gotten that out of the way, thi…

How brokers can improve their digital visibility

2016-12-09

Ephraim Vecina REP   Real estate professionals who are looking to increase their proficiency and improve their presence in the digital world should ensure that the consumer enjoys the same level of customer experience both online and o…

Metro smashes record for new housing starts

2016-12-09

DERRICK PENNER The Vancouver Sun For the first 11 months of 2016, Canada Mortgage and Housing Corporation has recorded 25,760 housing starts in Metro Vancouver. That?s expected to rise to 27,495 by the end of 2016, CMHC says. NICK PROCAYLO …

Video surveillance in businesses can violate privacy laws

2016-12-09

ROB SHAW The Province B.C.’s acting privacy commissioner is warning private businesses that they might be breaking the law if they install video-surveillance cameras without thinking through the privacy implications. Drew McArthur sai…

RE/MAX Housing Market Outlook 2017

2016-12-08

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Keep on top of conflicts before they are an issue

2016-12-08

Council members have specific limitations imposed by act Tony Gioventu The Province Dear Tony: Our strata corporation is over 100 units and we are about to start some major construction. Two of our council members have construction backgrou…

Rising house values lock more Metro Vancouver residents out of homeowners' grant

2016-12-08

Susan Lazaruk The Province The 50-per-cent hike in the assessed value of houses expected for 2017 in Metro Vancouver is likely going to prevent increasingly more people from claiming the homeowners grant. Regional politicians…

Debt, delinquency rates rise in oil producing provinces

2016-12-08

Steve Randall REP Canadian households have increased their average debt by 3.6 per cent this quarter compared to a year ago. Equifax Canada says that average debt is now $22,081. Meanwhile, delinquency rates nationally were largely unchange…

The Columbia at 285 Nelson's Court New Westminster 242 homes in a 26-storey tower by Wesgroup Properties

2016-12-08

The Columbia at Brewery District fashioned to reflect New Westminster's charm Mary Frances Hill The Province A bold wall covering was chosen for this show suite bedroom at the Columbia at Brewery District in New Westminster Homes at Columbi…

Patients vow to help West Van doctor fund upcoming retirement

2016-12-08

BETHANY LINDSAY The Province Patients of a West Vancouver doctor who sent out a plea for help paying for his retirement are defending their longtime general practitioner and say they’ll do what they can to make sure he has enough mone…

Insiders blame ICBC financial woes on costly medical reports

2016-12-08

Some doctors charging corporation thousands to examine claimants PETE MCMARTIN The Vancouver Sun I’ve come to the conclusion that the question is no longer, “What’s wrong with ICBC?” The question is, “Is there …

Vancouver considers larger tax hit to help fight growing fentanyl crisis

2016-12-08

MATT ROBINSON AND NICK EAGLAND The Vancouver Sun The fentanyl crisis could soon hit the pocketbooks of every homeowner in Vancouver. City councillors are poised to consider using a 0.5-per-cent, property-tax increase to create a $3.5-millio…

Edmonton prices gain despite higher inventory

2016-12-06

Steve Randall REP Home prices for most property types in Edmonton continued higher in November even as inventory increased. The average monthly selling price increased from a year earlier by 2.52 per cent to $373,174 for all property types …