Real Estate News & Articles

Stratas must serve notice before imposing fines

2016-11-03

Following proper process is key Tony Gioventu The Province Dear Tony:  Our Kelowna strata complex actively fines owners whenever there is a violation of bylaws — from parking in the wrong spot to late payment of strata fees to th…

Seasons at 5460 Broadway Burnaby 89 condos and 12 townhouses by Ledingham McAllister

2016-11-03

Seasons showcases unique touches Mary Frances Hill The Province Seasons Where: 5460 Broadway, Burnaby (Broadway townhomes: 5418 — 5498 Broadway, Burnaby; Lougheed townhomes: 5413 — 5493 Lougheed Highway, Burnaby) Project si…

Canadian housing will not crash in the near future : Moody's

2016-11-02

Ephraim Vecina Mortgage Broker News Canadian real estate will not suffer from a crash anytime soon despite the expected moderating influence of last month’s new federal mortgage rules, according to a recent analysis by Moody’s. …

Vancouver home sales plunge 38.8% last month, real estate board says

2016-11-02

REP The Real Estate Board of Greater Vancouver says home sales plunged 38.8 per cent last month compared with October 2015. The board says 2,233 properties were sold in October of this year, down from the 3,646 home sales recorded in the sa…

Workspaces at Strathcona Village blend homes with industry

2016-11-02

Project one of first in North America to put multi-uses on the same site Evan Duggan The Vancouver Sun Sales have begun for the commercial component of a mixed-use residential-industrial project on East Hastings Street that the develop…

Big bank hikes prime rate

2016-11-01

Justin da Rosa REP Broker fears were confirmed Tuesday, with one big bank raising its prime rate less than a month following new mortgage rules. TD Canada Trust announced in a note to brokers Tuesday that it is changing its mortgage rates, …

These 5 housing markets are the ones to watch in 2017

2016-11-01

Steve Randall REP Five housing markets have been identified as the ones to watch in the coming year but not all of them are listed for positive reasons. As well as current hot markets of Vancouver and Toronto, a new survey by the Urban Land…

Advice for clients: Prepare for deal delays

2016-10-31

Justin da Rosa REP Lenders were caught off guard by recent mortgage rules changes, according to one professional who claims deals are being delayed. “Every single lender is behind dealing with the changes and most of them got caught b…

Condos crack down on Airbnb

2016-10-31

Justin da Rosa Canadian Real Estate Wealth Condo managers are already cracking down on Airbnb rentals prior to the expected regulation in Toronto. The city is currently reviewing the impact short-term rentals such as Airbnb have on Toronto …

Foreigner buyers switch targets

2016-10-31

Justin da Rosa Mortgage Broker News Vancouver’s foreign buyer tax is encouraging those investors to look outside the lower mainland, according to one report. Foreign investment is having a growing influence in Kelowna and the Okanagan…

Tower One at The City of Lougheed 9855 Austin Road Burnaby 500 homes in a 55 storey tower by Shape Properties

2016-10-29

Huge City of Lougheed to rise on 40-acre-site in Burnaby Michael Bernard The Vancouver Sun Project: The City of Lougheed Project Address: 9855 Austin Road, Burnaby Project Scope: A total of 500-plus one-, two- and three-bedroom homes contai…

Shaughnessy home has been bought and sold six times in 13 years

2016-10-28

And if you just missed out the first half-dozen times, it?s for sale again Joanne Lee-Young The Vancouver Sun   There is a single-family home at 5387 Cypress Street, not far from where Shaughnessy hits 41st Avenue, that has been bought…

Housing rules not factored into CMHC forecast

2016-10-28

Justin da Rosa REP he Crown Corporation finalized its latest forecast prior to the announcement of the recent mortgage rule changes – but would those changes have altered its outlook? Not materially, it turns out. “(The mortgage…

B.C. real estate superintendent vows far-reaching changes

2016-10-28

Ephraim Vecina REP With his duties beginning this week, British Columbia’s new superintendent of real estate promised sweeping changes in the regulation of the province’s housing industry, with a focus on eliminating unethical p…

Building science specialist: What to look out for in a condo

2016-10-28

Justin da Rosa Canadian Real Estate Wealth What’s a building science specialist? Someone who will make sure you don’t take a bath on your condo investment. We spoke with one who told us the key things to consider before investin…

U. Gary Charlwood reflects on 40 years of Century 21 in Canada

2016-10-28

Dennis McCloskey REM When U. Gary Charlwood immigrated to Canada from England 50 years ago as a young man and got a job in the airline business, little did he know he’d end up spending more than four decades enjoying a high-flying car…

Additional foreign buyer info released

2016-10-28

Justin da Rosa Mortgage Broker News The fear following Vancouver’s 15% foreign sales tax was that those buyers would be pushed to Toronto. Has that happened? The answer may soon be available. Urbanation released a survey of condo fore…

Numerous factors precipitated the Canadian housing crisis - analyst

2016-10-28

Ephraim Vecina Mortgage Broker News A hodgepodge of factors contributed to the current state of Canadian real estate, which has seen an increasing number of affordability refugees fleeing from the hottest markets.   Bank of Nova Scotia…

Strata must disclose tribunal proceedings on information certificates

2016-10-27

Up-to-date forms a must ? Tony Gioventu The Province Dear Tony: We put an offer in on a condo two weeks ago and requested a Form B Information Certificate.   The strata we are looking at was built in 2008, and has a rental bylaw t…

Fulton House 2338 Madison Avenue Burnaby 296 homes and 7 townhouses by Polygon Fulton House Ltd

2016-10-27

Polygon?s designers deliver a sense of dramatic artistry and balance to rooms at Fulton House ? Mary Frances Hill The Province Project:  Fulton House Where : 2338 Madison Ave., Burnaby What:  296 one- and two-bedroom homes plus se…

Vancouver can't solve housing crisis alone

2016-10-27

It?s time for senior levels of government to step up, writes Gregor Robertson Gregor Robertson The Vancouver Sun Vancouver Mayor Gregor Robertson, centre, says much progress has been made on affordable housing but the city needs a ?dramatic…

Sharp rise in Vancouver's empty properties

2016-10-27

Steve Randall REP The number of homes left vacant or occupied by foreign students or temporary residents in Vancouver increased over a decade, according to a study by the acting director of SFU’s City Program. Andy Yan, an urban plann…

What Are the Real Effects of the Mortgage Changes

2016-10-27

Mike Wilcox other It’s been a week since the new rule changes have taken effect and it seems the biggest concern for Canadians revolves around the new qualifying requirements for new insured mortgages (less than 20% down payment). Bor…

B.C.'s remote 'best kept secret' ponders ambitious bridge proposal, and a land rush

2016-10-27

B.C.'s remote 'best kept secret' ponders new link Brian Hutchinson The Vancouver Sun A B.C. ferry surrounded by fog in Howe Sound. Mark van Manen/PostmediaA The marina at Gibsons, B.C. Jodie McKague/Postmedia/File GIBSONS, B.C. — It&r…