Real Estate News & Articles

11 tips to boost sales this Chinese New Year Golden Week

2016-12-06

Juwai other 6 million Chinese travelled overseas during Chinese New Year 2016 , spending an estimated ¥90 billion ($13 billion) abroad. Given the 4.3% growth in outbound tourists from China tracked in H1 2016 2 , one can expect a larger…

BC Commercial Leading Indicator Continues to Push Higher

2016-12-05

BCREA The Vancouver Sun The BCREA Commercial Leading Indicator (CLI) increased 0.48 index points to 122.7 in the second quarter of 2016, in spite of a modest pull-back in economic activity throughout the third quarter. The CLI index is up 2…

More housing not enough for seniors

2016-12-05

B.C.'s plan provides 1,354 subsidized units, but there are 5,740 low-income seniors on wait list KIM PEMBERTON The Province John Young, 69, lives in B.C. Housing temporary accommodation in Burnaby. He lived on the street for a week while tr…

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

2016-12-03

Myriad options on offer at Miracon's Westside Shawn Conner The Vancouver Sun Project name: Westside at Orchard Grove Project location: 16422 26th Ave., South Surrey Project size: 53 single-family detached homes Residence size: 2,667 —…

Richmond firm New Coast Realty fined by Real Estate Council for unlicensed services

2016-12-03

New Coast Realty fined for unlicensed services SAM COOPER The Vancouver Sun New Coast Realty, a fast-growing Richmond-based real estate firm, has been fined $7,500 by B.C.’s Real Estate Council two years after an auditor discovered th…

CMHC: Foreign buyers are not the problem

2016-12-02

Ephraim Vecina Mortgage Broker News Citing recently collected data, the Canada Mortgage and Housing Corporation announced on Wednesday (November 30) that foreigners represented only a miniscule segment of home owners in the country’s …

More data on foreign ownership sorely needed: analyst

2016-12-02

Ephraim Vecina Mortgage Broker News The latest numbers from the Canada Mortgage and Housing Corporation support its CEO’s recent assertion that foreign ownership plays only a minor role in the record-breaking price increases in the co…

Western Investor December 2016 Digital Edition

2016-12-02

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Trains to run on SkyTrain extension

2016-12-02

JENNIFER SALTMAN The Province Starting at noon Friday, transit users will finally be able to travel to Port Moody and Coquitlam quickly and easily on the new Evergreen line. “We’re excited to open the Evergreen extension and we …

Low returns, volatility top survey fears

2016-12-02

But 96% of institutional investors surveyed in 25 countries believe they can beat their benchmarks JONATHAN RATNER The Vancouver Sun Low returns and market volatility topped the list of concerns in Fidelity Investments’ annual survey …

Foreign buyers double in month in Victoria-area housing market

2016-12-01

Lindsay Kines The Vancouver Sun VICTORIA — Housing sales to foreign buyers more than doubled in Greater Victoria from September to October, prompting the B.C. government to increase its scrutiny of the region’s real estate marke…

New tribunal aims to streamline resolutions for strata disputes

2016-12-01

Tribunal to help resolve strata disputes Tony Gioventu The Province “How do we get our council to….” This is the opening line to the many thousands of emails and letters our offices receive every month. Ever since the fir…

Allwood Place 2800 Allwood Street Abbotsford 224 townhomes phase one has 32 homes by The Onni Group

2016-12-01

Shapes provide building blocks for decor of Onni Group?s townhomes in Abbotsford Mary Frances Hill The Province Allwood Place Where:  2800 Allwood St., Abbotsford What:  A master-planned community of 224 townhomes, with the first …

Forecasts and foreclosures: What does newest Metro Vancouver real estate prediction mean?

2016-12-01

Dan Fumano & Joanne Lee-Young The Province When home prices are on the rise, there are few foreclosures. Owners not able to make mortgage payments can easily sell or refinance to get themselves out of a bind. When prices fall, how…

6 ways safety influences Chinese when investing abroad

2016-12-01

Chinese buyers will put an estimated $220 billion into overseas property by 2025 Juwai other However, while education, emigration, and lifestyle opportunities are driving property sales abroad, Chinese buyers put safety at the top of their …

Foreign ownership still low says CMHC

2016-12-01

Steve Randall REP The share of foreign ownership of Canadian condos remains low, CMHC says, with Toronto at 2.3 per cent and Vancouver at 2.2 per cent; both markets saw a lower share than 2015. “Foreign ownership is just one factor in…

BC Home Sales to Decline in 2017 from Record Pace

2016-12-01

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Don't just blame foreigners for Vancouver's affordability crisis: CMHC

2016-12-01

Don?t blame affordability crisis on just foreigners, CMHC says Peter O'Neil The Vancouver Sun It is convenient but wrong to blame foreign buyers for Vancouver’s housing affordability crisis, the head of Canada’s housing authorit…

Big banks see concerns over oil prices give way to scrutiny of mortgages, consumer debt

2016-12-01

Mortgages and consumer debt now in the spotlight in mixed results year ? BARBARA SHECTER The Vancouver Sun It was a mixed year-end for Canada’s biggest banks, with two beating analyst expectations with fourth-quarter financial re…

B.C. home prices expected to drop

2016-11-30

Industry association?s chief economist points to foreign buyer tax as one factor DAN FUMANO The Province Following a year of double-digit increases, the B.C. Real Estate Association is predicting average home sales prices will drop by as mu…

Vancouver's Robson is 7th Priciest Retail Street in Americas

2016-11-29

Main Streets Across the World Report Evan Duggan The Vancouver Sun In this year's rankings, Robson Street trailed only the top streets in New York, Chicago, San Francisco, Miami, Toronto and Washington. NICK PROCAYLO / Vancouver Sun Vancouv…

Airbnb, New York settle suit on short-term sublet law

2016-11-28

Bob Van Voris other Airbnb Inc. settled its lawsuit against New York state over a new law restricting short-term rentals, with both sides agreeing that New York City, not the state, is responsible for enforcing it. Airbnb and New York Attor…

Downtown Vancouver retailers punching above weight class, but that could change fast

2016-11-28

Chuck Chiang The Vancouver Sun Downtown Vancouver’s retail market continues to be the strongest in Canada, but among the sea of strength may be pockets of weakness and a risk from increased competition. According to the latest fi…

Triomphe 1904 Gilmore Avenue Burnaby 340 homes in a 46 storey tower by Millennium Development Group

2016-11-26

?This is as close to Vancouver as you can get without paying Vancouver prices? ? SIMON BRIAULT The Vancouver Sun Triomphe Project location: Gilmore Avenue and Halifax Street, Burnaby Project size: 340 homes, one — four bedrooms (inclu…