Real Estate News & Articles

How much do international property professionals really know about China and Chinese international property buyers?

2016-09-26

Juwai releases ?Overseas Knowledge of Chinese Buyers? survey results Juwai other Not enough, apparently, if one were to judge based on the recent findings from our latest Juwai ‘Overseas Knowledge of Chinese Buyers’ survey quest…

No longer invite-only, 'robo-car' rides offered to Singaporeans for free via app

2016-09-26

ANNABELLE LIANG Metro Lim Kell Jay, country head of Singapore at Grab, left, and Karl Iagnemma, chief executive officer of nuTonomy Inc., right, sit in a nuTonomy autonomous automobile. Grab, a ride-hailing service, will team with nuTonomy …

Demand for Lower Mainland commercial real estate booming: REBGV

2016-09-25

Shannon Brennan other   Over 800 commercial real estate sales were registered in the second quarter of 2016, a jump of 30 per cent over last year and the dollar value of commercial sales in the Lower Mainland was up a hundred percent o…

Landmark West End hotel likely to be demolished to make way for condo development

2016-09-24

Vancouver's Empire Landmark hotel facing demolition John Mackie The Vancouver Sun The Empire Landmark hotel has been a West End icon since it went up in 1973. It’s tall (42 storeys, 120 metres), thin, and has a nifty revolving restaur…

Time ripe for free trade deal with China: business leaders

2016-09-24

Trudeau touts ?vast? potential as Chinese premier wraps up visit DAMON VAN DER LINDE The Vancouver Sun As Prime Minister Justin Trudeau and Premier Li Keqiang wrap up the first official visit of a Chinese leader to Canada sin…

Regulator Tightens Capital Rules for Canada Mortgage Insurers

2016-09-23

CMHC, Genworth and Canada Guaranty Mortgage Insurance Co. are in the forfront Theophilos Argitis Mortgage Broker News Canada’s financial services regulator released new draft capital requirements for federally regulated mortgage insur…

Vancouver speculator aims to clear his name

2016-09-23

Ephraim Vecina Mortgage Broker News Developer/speculator Kenny Gu recently stepped forward to prove himself innocent of the various claims of illicit financial activity on his part that have sprung in the wake of a recent investigation by a…

Vancouver Market Prices Peaked Before 15% Tax Average Price to Drop Early 2017

2016-09-23

The Vancouver real estate prices expected to drop Justin da Rosa Mortgage Broker News One bank’s long-term forecast includes expected "gradual softening" and the possibility of further policy implementation. “Our baseline foreca…

Plunge in foreign buyers leaves onlookers guessing

2016-09-23

Transfer tax one factor in big shift in Metro residential real estate JOANNE LEE-YOUNG The Vancouver Sun Pundits and industry representatives took best guesses Thursday on what the sudden plunge in foreign buyer activity means to Metro Vanc…

See the reality of independent school funding

2016-09-23

Cutting their money hurts everyone, writes Deani Van Pelt and Sazid Hasan Deani Van Pelt and Sazid Hasan The Vancouver Sun In B.C., the provincial government partially funds independent schools, which are not government-run. Calls for the r…

Yahoo says 500 million user accounts hacked

2016-09-23

News of 2014 attack comes just as Verizon plans to buy web portal BRIAN WOMACK AND JORDAN ROBERTSON The Vancouver Sun Yahoo Inc. said the personal information of at least 500 million users was stolen in an attack on its accounts in 2014, ex…

Foreign Purchases of Local Homes Hit Brakes after Tax Introduction: New Data

2016-09-22

New figures from BC finance ministry reveal flood of sales to foreign buyers in week between tax announcement and implementation, then a hard stop in August Joannah Connolly REW The new 15 per cent additional Property Transfer Tax on sales …

Cascade at the Pier ? Cascade West (175 Victory Ship Way) Cascade East (185 Victory Ship Way) a total of 201 homes by Pinnacle International

2016-09-22

Big outlooks on offer at Cascade at the Pier Simon Briault The Vancouver Sun Cascade at the Pier Project location: Cascade West (175 Victory Ship Way) and Cascade East (185 Victory Ship Way) Project size: 201 homes, 1,2, 2 plus den, 3, 3 pl…

Virtuoso at 3581 Ross Drive 106 homes by developer Adera Developments

2016-09-22

UBC-AREA DEVELOPMENT: Neutral interiors provide backdrop to Virtuoso?s surroundings Mary Frances Hill The Province Virtuoso What: 106 one- to three-bedroom homes Where: 3581 Ross Drive, Vancouver Residence sizes and prices: 775 — 1,59…

West Vancouver wins 'locals first' sales plan from condo developer

2016-09-22

Joanne Lee-Young The Province Prices for proposed Westbank Corp. condos in Horseshoe Bay are dropping by more than 25 per cent on average at the same time as the Vancouver-based developer adopts a “locals first” policy&nbsp…

New sales figures show dramatic drop after B.C. foreign buyer tax

2016-09-22

An almost total collapse in foreign buyers since August Rob Shaw The Province The number of foreign buyers purchasing real estate in British Columbia dramatically dropped after the government instituted a 15 per cent foreign buyer tax on Au…

B.C.-esque tax in Toronto would be disastrous - lawyer

2016-09-22

Ephraim Vecina Mortgage Broker News A foreign buyers’ tax similar to that implemented by the British Columbia government would prove fatal to the Toronto housing market, a renowned real estate lawyer cautioned.   “So much o…

B.C. numbers show drops in foreign property buyers since targeted tax

2016-09-22

The foreign buyers tax has resulted in a massive decline in foreign purchases REP VICTORIA _ Property purchase data released today by British Columbia's Finance Ministry indicates a stampede by prospective foreign buyers to avoid paying a 1…

West End Community Plan

2016-09-21

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Household debt outstrips Canadian GDP for the first time

2016-09-21

Ephraim Vecina Mortgage Broker News Canadian households’ debt load has surpassed the nation’s economic output for the first time in history, as credit-market debt (including mortgages) swelled to 167.6 per cent of income during …

Confidence about Canadian housing at lowest levels since 2009

2016-09-21

Homeowners preparing for a decline in real estate value Ephraim Vecina Mortgage Broker News The fraction of Canadians who are preparing themselves for a decline in the value of their real estate increased to 24.6 per cent on the week ending…

Commissioning of new building crucial for strata council

2016-09-21

Commissioning crucial first step Tony Gioventu other Dear Tony: We purchased our Burnaby condo in the spring and our strata is about to hold its first annual general meeting. One of the agenda items posed to the property manager is the requ…

Fed hands down rate hike decision

2016-09-21

The Federal Reserve held interest rates steady Ryan Smith Mortgage Broker News As expected, the Federal Reserve held interest rates steady this month – but experts say there could still be a rate hike in December. The Federal Open Mar…

Empty-home owners could face $10,000 penalty

2016-09-21

Proposed tax gets council?s support, moves to public consultation stage MATT ROBINSON The Vancouver Sun Stiff fines would await those caught trying to dodge an empty homes tax in Vancouver, city staff told councillors Tuesday. A $10,00…