Real Estate News & Articles

New life, new recipes

2016-10-08

Vij and Dhalwala?s latest cookbook deals frankly with couple?s amicable split MIA STAINSBY The Vancouver Sun Guests at Vikram Vij and Meeru Dhalwala’s restaurants only felt the love, what with front-of-house man Vij embodying the verb…

Vancouver tax spooking potential buyers

2016-10-07

Vancouver home sales plunge nearly 33% last month, real estate board says Ephraim Vecina Mortgage Broker News British Columbia’s 15 per cent foreign home buyers’ tax has essentially chased away a significant proportion of wealth…

New rules will cool down mortgage market, not home prices

2016-10-07

A slow down of the housing market will result in a slow down of quality mortgages Ephraim Vecina Mortgage Broker News The dynamism of the Canadian mortgage market itself might be at risk due to the tighter regulations announced by Finance M…

Canadian and US Employment

2016-10-07

other Canadian employment increased by 67,000 jobs in September, the largest single month gain since 2012. However, 50,000 of those job gains were from those reporting self-employment while public and private sector employment accounted for…

Prudential's $1 trillion asset manager bets on real estate, debt

2016-10-07

Mortgage Broker News PGIM Chief Executive Officer David Hunt said the $1 trillion asset manager is betting on debt and real estate as pension funds and insurers turn to private investments for better returns. “Real estate has been one…

CMHC data shows foreign buyers have almost disappeared from Vancouver market

2016-10-07

Foreign buyers dropped to one per cent of the Vancouver resale market after being as high as 19 per cent Garry Marr The Vancouver Sun Foreign buyers dropped to one per cent of the Vancouver resale market after being as high as 19 per cent, …

Stylish living on offer at The Wex in the Yorkson Neighbourhood

2016-10-06

Langley condos the work of a developer recognize for quality and customer service ROBIN BRUNET The Province It’s no secret that Langley is one of Metro Vancouver’s more desirable places to live, but less known is that new condom…

A Better Way to Homeownership Digest - Fall 2016

2016-10-06

Achieve the homeownership dream sooner Genworth Canada other What is Mortgage Insurance? Own a home sooner, with a low down payment. As little as 5% down payment Make homeownership more accessible than ever before. People immigrating to can…

Bella Terra by the Lake phase one - 18 homes, phase two - 8 homes in Anmore by Bella Terra Investments Inc

2016-10-06

BELLA TERRA BY THE LAKE: Schemes vary from white and grey to a masculine esthetic Mary Frances Hill The Province Jason Sorenson of Resolve Interior concepts says he strives to introduce ?interior elements that contribute in a respectful way…

Early reviews positive on short-term rental plan

2016-10-06

PROS AND CONS: Licensing residents gets thumbs-up at public hearing but enforcement presents concern MATT ROBINSON The Province The City of Vancouver’s plan to tackle short-term rentals may be a winner, based on the opinions of those …

Stricter mortgage regulation could spur growth in Canada?s risky shadow banking, analyst warns

2016-10-06

Stricter mortgage rules may increase shadow banking BARBARA SHECTER The Vancouver Sun TORONTO Stricter mortgage regulation could have unintended consequences, including spurring growth in the shadow banking market, an analyst is warning&nbs…

Toronto area housing prices, sales volume soar in September: real estate board

2016-10-05

Prices will continue to go up......if the interest rate stays flat David Paddon REP TORONTO _ Housing sales in the Toronto area continued to soar last month, with the average price rising 20.4 per cent from September last year to $755,755, …

It will soon be harder for your clients to buy a home

2016-10-05

The federal government announced housing policy changes Monday, all with the intention of safeguarding the industry from overheating Justin da Rosa REP A wide-reaching policy change could force a boon in home sales in the short-term before …

A newbie buyer's account of the Toronto housing market

2016-10-05

Ephraim Vecina REP Toronto has long played host to some of the country’s most expensive residences, and the recent tale of a new buyer emphasized just how formidable the price barrier is for millennials, young families, and middle-cla…

Investor: Don?t credit foreign sales tax for cooling market

2016-10-05

Justin da Rosa Canadian Real Estate Wealth Following two months of slagging sales in Canada’s once-busiest market, one professional is arguing the recently implemented foreign sales tax isn’t entirely to blame. “Here&rsquo…

Multiple bids not always best when stratas hire contractors

2016-10-05

Strata not required to obtain three quotes Tony Gioventu other Dear Tony: Our strata corporation is having our deck surfaces replaced on our external balconies. The owners approved $10,000 for engineering and we are being asked to approve $…

Metro Vancouver commercial is the new residential

2016-10-05

Foreign buyer?s tax helping convince investors to switch to warehouses, retail, land Frank O'Brien other The buyer, a landed immigrant, couldn’t speak English but he made it clear to real estate agent Moojan Azizi what he wanted: Vanc…

Plunging home sales spark fear of real estate crash

2016-10-05

Foreign buyers tax, new mortgage rules ?squeezing market at both ends,? expert says SUSAN LAZARUK The Province A drastic drop last month in the number of detached homes sold across Metro Vancouver — down as much as 67 per cent year-ov…

The Real Estate Board of Greater Vancouver says home sales in Metro Vancouver plunged by nearly 33 per cent per cent in September over last year, as uncertainty continues in the housing market

2016-10-04

September home sales plunge nearly 33% in Metro Vancouver Tiffany Crawford The Province The Real Estate Board of Greater Vancouver says home sales in Metro Vancouver plunged by nearly 33 per cent in September over last year, as uncertainty …

Tax and mortgage rule changes may cool Vancouver housing market

2016-10-04

Federal Government Changes to Mortgage Insurance Rules Susan Lazaruk The Province Ottawa’s tightening of a tax loophole for housing speculators and new rules to make getting a mortgage tougher for first-time homebuyers may cool Vancou…

New Mortgage Qualifications for Buyers as of Oct 3, 2016

2016-10-04

Federal government changes mortgage insurance rules REBGV other The federal government announced regulation changes for new government-backed insured mortgages today. Effective October 17, 2016 , insured homebuyers will have to qualify at t…

Impacts of housing policy already being felt

2016-10-04

Important information regarding Canada?s department of Finance Justin da Rosa REP One monoline lender has sent brokers a list of changes as a result. A broker source sent MortgageBrokerNews.ca the following communication from Merix/Lendwise…

CMHC looks to revolutionize Canada rentals

2016-10-03

New fund aims to revolutionize affordable rentals Steve Randall REP New ideas, funding models and building innovations are being sought by the Canada Mortgage and Housing Corporation as it seeks to revolutionize the rental housing market in…

Ottawa to close tax loophole amid reports of abuse of home ownership rules

2016-10-03

Foreign purchasers must live in Canada for a year before applying for the tax exemption REP TORONTO - The Globe and Mail is reporting that Ottawa is preparing to close a tax loophole that's been used by foreign buyers in overheated hou…