Real Estate News & Articles

Value of downtown condos could soar as Victoria considers ban on AirBnB zoning

2016-11-15

MIKE KOZAKOWSKI other Owners of Victoria’s transient-zoned condos may realize a boost in re-sale values as the City of Victoria moves towards a transient zoning restriction for future condo developments. At a hearing on proposed …

World's Biggest Real Estate Frenzy Is Coming to a City Near You

2016-11-14

other If they were anywhere else in Beijing, the five young women in cowboy hats and matching red, white, and blue costumes would look wildly out of place. But here at the city’s biggest international property fair -- a frenetic gathe…

Realtors rush to East Vancouver hoping to parcel land and make big bucks for all

2016-11-12

East Vancouver area plan churns up ?rush of realtors? MATT ROBINSON The Vancouver Sun East Vancouver is open for business, with eager realtors amassing blocks of homeowners willing to cash out of their houses a…

Allwood Place 2800 Allwood Street Abbotsford 32 townhomes plus the Alder Club in the 1st phase of 224 townhouses total by The Onni Group

2016-11-12

Finding the right fit in Abbotsford ? MICHAEL BERNARD The Vancouver Sun Project: Allwood Place Project location: 2800 Allwood St., Abbotsford Project size: A master-planned community of 224 townhomes, with the first phase of 32 two- and thr…

Leaving a home empty in Vancouver to cost at least $10,000

2016-11-11

Steve Randall REP The talk of an empty homes tax in Vancouver is to become a reality. The city council says that it will be introduced by January 1, 2017. "The City won’t sit on the sidelines while over 20,000 empty and under-occupied…

New rules for mortgage brokers aim to give fuller picture to B.C. borrowers

2016-11-11

New regulations for mortgage brokers give borrowers a fuller picture on loans JOANNE LEE-YOUNG The Vancouver Sun B.C.’s Ministry of Finance will introduce tougher guidelines for the approximately 3,400 registered mortga…

Vancouver sales downturn an omen of greater market hardship?

2016-11-10

Ephraim Vecina Mortgage Broker News Fresh data from the Real Estate Board of Greater Vancouver revealed a massive 38.8 per cent year-over-year decline in home sales last month, a development that has provoked anxiety among observers wary of…

Singles' Day: All you need to know about this retail phenomenon

2016-11-10

$20 billion ? that?s how much Alibaba?s Singles? Day is expected to rake in tomorrow in terms of sales. Juwai other Singles’ Day – the world’s largest retail event which generated a whopping $14.3 billion in sales last yea…

Vancouver proposes one-per-cent tax on empty homes, council debate next week

2016-11-10

City proposes one per cent levy on vacant homes Laura Kane The Vancouver Sun Vancouver is proposing a one-per-cent tax on the value of empty homes in an effort to increase the vacancy rate in the city's incredibly tight rental market. Mayor…

FICOM releases disclosure guidelines

2016-11-09

Justin da Rosa Mortgage Broker News Starting June 30, 2017, brokers in BC will have to disclose what they earn to their clients. The Financial Institutions Commission (FICOM) released the Mortgage Broker Conflict of Interest Guidelines late…

Ontario will outline plans next week to deal with rising home prices

2016-11-09

Keith Leslie Canadian Real Estate Wealth Ontario will take steps next week to deal with rising house prices in the Toronto area, but it will not follow British Columbia's lead and impose a tax on foreign buyers. Finance Minister Charles Sou…

Company targets investors, offers no-commission buying and selling

2016-11-09

Justin da Rosa Canadian Real Estate Wealth   A Canadian start up called Seizin likens itself to Uber and Airbnb and claims to give Canadians control of the real estate market by cutting out third-party commissions. “Seizin is a C…

What Hong Kong's tax change tells about Chinese property demand

2016-11-09

Hong Kong recently increased their stamp duty on foreign buyers from 15% to 30% Juwai other This not only means it’s now more expensive for non-residents to buy property in the city, but also means that Chinese buyers – who long…

Metro Vancouver, B.C. see mixed results in commercial real estate for 2016: CBRE executive

2016-11-09

B.C. and Metro disrupted, but still a safe real estate bet: CBRE exec Evan Duggan The Vancouver Sun A surprise tax slapped on foreign property buyers by the provincial government. A severe shortage of industrial space across Metro Vancouver…

$58M Vancouver penthouse up for sale, Canada?s most expensive listing

2016-11-07

Jill Slattery other The most expensive home for sale in Canada is a condo in Coal Harbour. The $58,888,000 penthouse at Three Harbour Green on Thurlow Street is right at the waterfront and has 360-degree views of the city, oc…

Chinese forum focuses on foreign investment

2016-11-07

Canadian Real Estate Wealth A Shanghai real estate exhibit, which aims to connect Chinese nationals with overseas investment properties, speaks to the growing interest in those types of opportunities. The 13th edition of the “Overseas…

Connaught at 3230 Connaught Crescent North Vancouver 23 townhomes and 59 apartments by Grosvenor

2016-11-05

Grosvenor's Connaught making its home in North Vancouver's popular Edgemont Village Simon Briault The Vancouver Sun Connaught will comprise a total of 82 homes: 23 town houses and 59 apartments All homes at Connaught will have outdoor livin…

Big news for everyone in RE/MAX: Our worldwide network has topped 110,000 agents!

2016-11-05

TR/MSC other This milestone confirms that greatness attracts greatness; your talents and achievements have built a brand others want to join. In the third quarter, we had gains in the U.S., gains in Canada and gains in the rest of the world…

CHANGES TO PRINCIPAL RESIDENCE EXEMPTION RULES MAY IMPACT ALL OF YOUR CLIENTS

2016-11-05

Jimmy Le-Tang other The ”One-Plus” Rule The formula used to calculate the principal residence exemption is:  (1+B)/C   Where B = the number of years your home is your principal residence and C = number of years of owne…

Woodfibre LNG gives go-ahead to $1.6-billion Squamish plant

2016-11-05

Woodfibre proceeding with B.C.'s first major LNG project in Squamish GORDON HOEKSTRA AND DERRICK PENNER The Vancouver Sun Premier Christy Clark donned a hard hat Friday to join Woodfibre LNG executive Byng Giraud, as he announced what amoun…

Here's how to buy a home in Australia: Should Canada follow its lead?

2016-11-04

Australia?s real estate system has many consumer protections that Canada?s lacks Saman Malik ? Tiffany Foxcroft other In Canada's hottest real estate markets, bidding on a house can feel like a competitive sport. But is the property game as…

Woodfibre LNG plant one step closer to reality with First Nations support, says premier

2016-11-04

But while Clark claims First Nations leaders are supportive, at least one did not participate today Richard Zussman, Yvette Brend other Premier Christy Clark said LNG in B.C. is one step closer to becoming a reality with First Nations backi…

Three glass towers dominate shocking post office design at 349 West Georgia

2016-11-04

Plan calls for three towers to rise above old Vancouver post office John Mackie The Vancouver Sun The plan for the old Vancouver Post Office has been unveiled, and it’s a shocker. The design by Musson Cattell Mackey Partnership calls …

Drug dealer, fraud artist among instructors when Trump U rolled into town

2016-11-04

DAN FUMANO The Vancouver Sun When Trump University rolled through Vancouver in 2010, teaching people the secrets of acquiring wealth through real estate investment, the list of presenters and staff members included the names of a convicted …