Real Estate News & Articles

Fed raises key interest rate by 0.75% in a bid to tackle the mounting inflation crisis in the US

2022-06-15

Fed announces huge rate hike Fergal McAlinden other It's the US central bank's largest single rate increase for 28 years The Federal Reserve has made its most aggressive move on interest rates in 28 years, hiking its benchmark rate by 0.75%…

Canada's housing starts up 8% in May compared with April | CMHC

2022-06-15

CMHC reports surge in pace of housing starts Fergal McAlinden other Find out what's driving the movement… The annual pace of housing starts was up 8% last month compared with April, Canada Mortgage and Housing Corporation (CMHC) has …

Home sales fell by 8.6% in May, 588,288 properties are still expected to sell in 2022

2022-06-15

Summer Market Forecast: Inventories are Rebuilding and Prices are Softening Patti Cosgarea other   The month of May saw more than 50,000 units trade hands, leaning close to the 10-year average for the month, but this represents a decli…

Proposed university tower to be the highest building in Metro Vancouver

2022-06-14

UBCO pushes for 46-storey Kelowna tower Wayne Moore Western Investor University wants to increase height 12 floors on downtown campus and residential high rise If approved, Kelowna university tower would be the highest building between Metr…

The market for detached homes in Greater Vancouver has statistically become balanced

2022-06-14

Rennie reports it's now a buyer's market for detached homes in Vancouver West Side and West Vancouver Carlito Pablo The Georgia Straight Change has come to the two most expensive places for detached homes in Metro Vancouver. The West Side o…

Housing market as sales and home values slid in May over the previous month

2022-06-13

B.C. home sales drop 35% as rising mortgage rates bite Stephanie Hughes The Vancouver Sun The housing correction has started’   B.C. home sales were down 35 per cent in May from a year ago. Photo by Postmedia Higher borrowing cos…

Canada ranks ninth in hosting high-net-worth individuals with a net inflow of 1,000 millionaires in 2022

2022-06-13

Canada ranked among top 10 for migrating millionaires Graeme Wood Western Investor Canada is seen as a favoured destination for millionaires on the move. Many of them are coming from countries in strife, according to a new report Vancouver,…

Sunshine Coast realtor struggling with the housing crisis and a lack of rental options in B.C.

2022-06-13

How bad is B.C.'s housing crisis? This Sunshine Coast realtor can't find a rental Denise Ryan The Vancouver Sun A longtime resident of the Sunshine Coast faces leaving the area as housing prices and rental rates soar   For nearly 30 ye…

B.C. remain the most affordable detached houses on the market in 2022

2022-06-11

Investors, homebuyers see value in manufactured homes Frank O'Brien Western Investor While prices have increased, manufactured homes offer a low-price point, and their parks provide investors with steady returns and, lately, startling appre…

Young people who bought homes at market top could be sacrificed by BoC

2022-06-10

Newest homebuyers could pay the price for Canada's financial stability Don Pittis CBC Radio People who purchased a home during the pandemic, when prices soared 50 per cent, could be vulnerable as the Bank of Canada moves to fight inflation …

Canadian housing affordability plummeted in Q1 2022

2022-06-10

Canada housing affordability is at its worst in a generation National Bank Micah Guiao other

Burnaby approves 40-acre Willingdon Lands project

2022-06-10

Burnaby council rezones Willingdon Lands; new homes coming REBGV Staff REBGV At a glance (2 minute read) Burnaby city council approved rezoning of the Willingdon Lands, adding 5,239 residential units. Of these units, 4,366 will be leasehold…

Saskatoon will lead Canada in economic growth in 2022 | RBC

2022-06-10

'Saskaboom' reflected in commercial real estate Peter Mitham Western Investor Only Sakatoon's core offices are posting higher vacancies as suburban offices, industrial and multi-family properties share in Canada's fastest-growing provincial…

Vancouver's council made significant amendments to the long-awaited and widely debated Broadway plan

2022-06-10

Dan Fumano: Bike lanes, towers, renter protections Broadway plan debate drags on Dan Fumano The Vancouver Sun

2.65 acres retail at Sherwood Park sells for $7.25 million

2022-06-09

Sherwood Park 29,878 sq.ft retail centre fetches $7.25 million Avison Young Western Investor The shopping centre covers 2.65 acres and is seen as an investment opportunity in a community near Edmonton, Alberta Property type: Retail Location…

60.06 acres land in Edmonton sells for $3.35 million

2022-06-09

Edmonton 60-acres of agriculture land sells for $3.35 million Avison Young Western Investor The Marquis Lands are within Greater Edmonton and currently agriculture but slated as a riverfront residential development under the local structure…

Oak Bay is setting a new record for sale through the multiple listing service in the region

2022-06-09

Oak Bay, B.C., oceanfront house sells for more than $13 million Carla Wilson Western Investor The 11,900-square-foot waterfront house sold for $13.195 million, setting a new record for a sale through the Multiple Listing Service in the regi…

Ideal housing type for first time home buyer

2022-06-09

What Type Of Home Should a First Time Home Buyer Look For In The GTA Zoocasa Staff other For a first-time homebuyer, the type of home you buy can make or break your financial goals to come. So it’s vital to buy a “house type&rdq…

Home prices increased by about 50% on average during the pandemic

2022-06-09

Typical mortgage payment could be 30% higher in 5 years, Bank of Canada warns Pete Evans CBC Radio Inflated house prices and high household debt levels are a major vulnerability to Canada's economy, the Bank of Canada warned in a report ass…

CMHC to introduce limits on first-time home buyer incentive amid falling home prices

2022-06-09

CMHC changes rules for first-time buyer shared equity incentive program REBGV Staff REBGV At a glance (2 minute read) Metro Vancouver first-time home buyers now qualify at a $150,000 annual income, with a borrowing amount of 4.5 times their…

0.48 acres retail in Lloydminster sells for $815,000

2022-06-09

Lloydminster 2,000-square-foot gas bar sells for $815,000 Avison Young Western Investor The gas station and store on a 0.48-acre site is on a highway commercial corridor in the Alberta city Avison Young, Edmonton, for Western Investor Prope…

2 units office strata in Surrey sells for $1.95 Million

2022-06-09

Surrey medical office strata sells at $725.80 per square foot London Pacific Property Agents Inc. Western Investor Total sale price of two units was $620,000 above the BC Assessment value for a combined 2,690 square feet in the Surrey Heath…

Home buying activity across the country is experiencing an inevitable drop | CMP

2022-06-09

Canada housing crash - mortgage professionals on how likely it is Fergal McAlinden other Is the market simply experiencing a correction?   As interest rates continue to rise and home sales experience a marked cooldown from the barnstor…

Prairies provinces will boast the strongest economic expansion in 2022 | RBC

2022-06-08

Prairies will lead economic growth in 2022 Frank O'Brien Western Investor Soaring crop and oil prices place Saskatchewan, Alberta and Manitoba No. 1, 2 and 3 among provinces, RBC says Saskatchewan will lead Canadian provinces in economic gr…