Real Estate News & Articles

Canada Rent Report: October 2016

2016-10-26

Greg Vanderhorst other The overall trend in Canada this past month appears to be moderate to significant increases in rent prices across the nation. However, there seems to a be a degree of polarization in the rental market, as rents in man…

UBS Global Real Estate Bubble Index 2016

2016-10-26

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Major mistakes investors make when buying U.S. real estate

2016-10-26

Justin da Rosa Canadian Real Estate Wealth There are still opportunities to take advantage of U.S. real estate, according to one veteran who has penned a guide for Canadians interested in purchasing property down south. “The number on…

Two-decade-old report foretold the prominence of Chinese in Canadian real estate

2016-10-26

Ephraim Vecina Canadian Real Estate Wealth A joint program by the RCMP and the CSIS nearly two decades ago offered eerily accurate predictions of the current state of Canadian real estate—predictions that pointed at the nearly irrepla…

CRA recovers over $240M from housing audits in B.C. and Ontario

2016-10-26

Ephraim Vecina Canadian Real Estate Wealth In a recent announcement, the Canada Revenue Agency revealed that it has collected more than $240 million from real estate tax audits in B.C. and Ontario as of last month.   Data published on …

Value of Vancouver homes might decline by as much as 20% - report

2016-10-25

Ephraim Vecina Mortgage Broker News The uncanny pace of home price growth in Vancouver has paved the way for a dramatic correction in the near future, according to a recent report by the National Bank of Canada.   The value of detached…

Joe Girard became the top selling salesman in the world using this secret

2016-10-25

other Joe Girard was honored by the Guinness Book of World Records for selling more cars than any single person in history, 12 times achieving the top vehicle sales in the world. In his best year, he sold 1425 units, all retail. Employing t…

Owner-builders liable for poor construction

2016-10-24

Bcrea other Since the last Legally Speaking on this topic, 1 the Supreme Court of British Columbia has awarded significant damages against two owner-builders for poor construction. The provincial government has also raised the threshold for…

Owner-builders liable for poor construction

2016-10-24

BCREA other Since the last Legally Speaking on this topic, 1 the Supreme Court of British Columbia has awarded significant damages against two owner-builders for poor construction. The provincial government has also raised the threshold for…

Vancouver, Toronto correction imminent warns National Bank

2016-10-24

Steve Randall Mortgage Broker News Home prices in Vancouver and Toronto are facing an imminent correction according to a special report from National Bank. The assessment of the housing market says that the downward trend in home sales in t…

What is it like having the "Trump' name?

2016-10-24

Ephraim Vecina REP When it comes to having the best of both worlds, real estate agent Jim Trump of the Trump Realty team has little competition, at least until the U.S. presidential elections finally blow over—or so he hopes. The Flow…

Canadian housing crash fears overstated - Moody's

2016-10-24

Ephraim Vecina Canadian Real Estate Wealth In a report released last week, Moody’s Analytics assured that while the Canadian real estate sector will experience a more relaxed pace in home price growth over the next half decade, rumors…

Vancouver Home Prices to Drop 10% Following Recent Changes: Forecast

2016-10-24

Effect of new foreign buyer tax and mortgage changes will have most impact on detached houses, which will fall 20 per cent over the next year, predicts National Bank REW The bank said in its latest economic report that “the reason the…

Bertrand Creek at 28th Avenue and 276 Street Aldergrove 61 three and four bedroom single family homes by Epic Homes

2016-10-22

Area has seen little residential growth for years ? until now SHAWN CONNER The Vancouver Sun Project name: Bertrand Creek Project location: 28th Avenue and 276 Street, Aldergrove Project size: 61 three- and four-bedroom single-family homes …

Seasons at 5460 Broadway Burnaby 88 condos in a 4 storey building and 13 townhouses by Ledingham McAllister

2016-10-22

Burnaby?s Seasons offers alternative close to Brentwood amenities ? KATHLEEN FREIMOND The Vancouver Sun Project name: Seasons Address: 5460 Broadway, Burnaby Developer: Ledingham McAllister Architect: Integra Architecture Inc. Interior desi…

Is foreign homebuyers tax the 15 per cent solution?

2016-10-22

Some call it xenophobic, others say unaffordability stems from lax regulation DOUGLAS TODD The Vancouver Sun Kris Klaasen has been “gob-smacked” by Metro Vancouver’s housing turmoil. While many worry the city’s bubbl…

Granview-Woodland plan merging development with Commercial Drive character

2016-10-22

Neighbourhood retains small-shop character despite city-wide density rush Jenny Lee The Vancouver Sun Vince Murdocco has worked on Vancouver’s Commercial Drive as long as he can remember. His family owns Cafe Calabria, a well-kno…

GTA high-rise sales breaking records

2016-10-21

Steve Randall REP   Sales of high-rise homes in the GTA are set to break records in 2016 according to the Building Industry and Land Development Association (BILD). So far this year there have been 20,596 new high-rise sales in the Gre…

Judge upholds Vancouver city bylaws aimed at protecting heritage homes in Shaughnessy

2016-10-21

Keith Fraser The Vancouver Sun A judge has upheld Vancouver bylaws aimed at protecting heritage homes in Shaughnessy from the increasing threat of demolition in a heated real estate market. In a ruling released Friday, B.C. Supreme Cou…

City of Vancouver wins B.C. Supreme Court case against Shaughnessy homeowners

2016-10-21

Five Shaughnessy homeowners have not succeeded in overturning Vancouver council's decision last year to create a heritage conservation area Charlie Smith The Georgia Straight   B.C. Supreme Court justice Shelley Fitzpatrick dismissed t…

Housing policy is being created for the whole country based on markets in Toronto and Vancouver

2016-10-20

Garry Marr The Vancouver Sun They are Canada’s two hottest housing markets, and even some in the real industry don’t question the need to cool prices in both Toronto and Vancouver, but that opinion changes once you get beyond th…

Sorting out insurance woes

2016-10-20

Q&A: Broker can provide clear information about policy coverage Tony Gioventu The Province Dear Tony: We live in a 110-unit bare land strata in the Okanagan Valley. Our recent building appraisal increased our property valuation by more …

Edward at 288 West King Edward has 55 homes in a 4 storey building by Mosaic Homes

2016-10-20

ARTIST?S TOUCH: Design company used the open-concept as a showcase for the potential of contrast Mary Frances Hill The Province Project: Edward Where: King Edward Avenue and Yukon Street, Vancouver What: 55 homes in a four-storey building D…

BoC welcomes mortgage rules, predicts slowdown in sales

2016-10-20

Steve Randall REP The governor of the Bank of Canada spoke of the risk to the economy from the high level of household debts and the rising cost of homes when he announced a hold-steady on interest rates Wednesday. Stephen Poloz said that t…