Real Estate News & Articles

Atrium MIC declares $0.075 dividend for the month of June 2022

2022-06-08

Atrium MIC announces June 2022 dividend Ephraim Vecina other MIC also currently offers shareholders the opportunity to automatically reinvest their dividends in new shares Atrium Mortgage Investment Corporation has announced that its board …

Home price appreciation continue to slow in Canada's housing market

2022-06-08

Home market slowdown: How brokers are navigating appraisal challenges Fergal McAlinden other Volatile home prices are creating challenges for brokers and clients alike   As sales activity and home price appreciation continue to slow in…

A double digit drop in home sales in May

2022-06-07

Canada risks housing-related recession if interest rate hikes get too aggressive Stephanie Hughes The Vancouver Sun Bank of Canada's increasingly hawkish tone on inflation could potentially set home sales into tailspin, Capital Economics sa…

B.C. penthouse owners sue layers for vacancy taxes in common area battles

2022-06-06

Vancouver penthouse owner sues strata for vacancy tax in fight over common area Joanne Lee-Young The Vancouver Sun Concord Pacific CEO and Erickson penthouse owner Terry Hui alleges the strata council has delayed completion of penthouse dur…

Scarcity in the market is now one of the most challenging in the country due to pandemic

2022-06-06

Metro Vancouver businesses grapple with industrial market vacancy rates Joanne Lee-Young The Vancouver Sun They are looking out as far as two years in advance of leases expiring, and more are pre-leasing or purchasing pre-sale industrial st…

39% decline in May sales compared with the same time last year | TRREB

2022-06-06

Home sales across Canada - whats the latest? Fergal McAlinden other Still, the news indicates a "correction" rather than a crash is taking place, says prominent industry member   After the homebuying blitz of the past two years, Canada…

Home sales in Vancouver calmer in May as interest rates cool market

2022-06-06

Finally, market for detached homes in Greater Vancouver enters balanced territory Carlito Pablo The Georgia Straight   Statistically speaking, the market for detached homes in Greater Vancouver has balanced. Based on the recent report …

The easing of supply shortage in housing market

2022-06-06

Housing market slowdown: How have things changed for buyers? Fergal McAlinden other Possibilities and challenges have emerged from the cooldown, says mortgage executive   The housing and mortgage markets may have cooled off substantial…

Alarming rate as hot demand for housing leads sold for redevelopment

2022-06-05

Push is on to hike costs for Vancouver developers wanting to convert SROs Sarah Grochowski The Vancouver Sun Councillor Jean Swanson is proposing a bylaw change that would bill developers more than $500,000 for each unit of social housing t…

Vancouver area overall dipped to $922,000 in May

2022-06-04

Ranking: These Metro Vancouver cities saw biggest real estate price dips due to rising interest rates Kendra Mangione The Province A just-released report on rising interest rates is giving would-be home buyers and sellers an idea of the imp…

2.17 acres of retail strip sells for $4.23 Million located in 5401 43 Street, Bonnyville, Alberta

2022-06-03

Bonnyville 2.1-acre strip retail sells for $4.2 million Avison Young Western Investor Retail strip of 9,327 square feet, leasable, is centrally located and fully leased in Bonnyville, Alberta. Avison Young, Edmonton, for Western Investor Pr…

Greater Vancouver home sales down 31.6% from May of 2021, 9.7% from April of this year | REBGV

2022-06-03

Metro Vancouver house prices cut as sales dip, listings increase Frank O'Brien Western Investor ‘Calming market’ in May spooks some home sellers as transactions fall, listings rise and asking prices start to slide 3831 Royalmore…

BoC's report new rate of 1.5%, an increase of 50 basis points

2022-06-03

More Balanced Market Providing Buyers with Negotiating Power: TRREB Patti Cosgarea other   The month of May saw a dip in sales on a monthly and annual basis as buyers and sellers alike eagerly awaited Bank of Canada’s announcemen…

B.C. ran into issues with some of the local contractors they used.

2022-06-03

Contractors sued for "deficient" work on Kelowna tower Nicholas Johansen Western Investor High-rise suffered from shoddy drywall and railing work, claims developer of 14-storey, 91-unt Ellis Park residential tower   Ellis Park in downt…

BoC increase interest rates by 0.5 percent up to 1.5 percent

2022-06-03

BMO says rapid rise in interest rates forces Canadian housing market into "full retreat" Carlito Pablo The Georgia Straight   The chief economist of BMO seems to suggest that the Canadian housing market is currently on shaky grounds. D…

5.5 acre multi-family in Alberta sells for $2.3 million

2022-06-02

Alberta 38-pad manufactured home park trades at $2.3 million Avison Young Western Investor Kalmac Mobile Home Park sits on a 5.5-acre site in Millet, Alberta, which is about 40 kilometres south of Edmonton Property type: Manufactured home p…

Bank's latest statements considering a 0.75% hike in July to tackle an inflation crisis

2022-06-02

'Aggressive' BoC could be readying even larger rate hikes, says CIBC economist Fergal McAlinden other "You cannot just talk yourself to lower inflation… You have to demonstrate that you're very serious”   The Bank of Canad…

Vancouver's plenty of works ahead as it targets net-zero by 2050

2022-06-02

Vancouver's net-zero building commitments lag global leaders Peter Mitham Western Investor Consistent tracking of performance is a missing piece of the net-zero equation While the Vancouver Convention Centre and other projects have won inte…

Burnaby mega-development plans 5,000 homes, film studio

2022-06-02

Burnaby approves 40-acre Willingdon Lands project Frank O'Brien Western Investor More than 5,000 homes, 17 towers, office space and a 450,000-square-foot film studio planned in First Nations-led development Rendering shows concept of a mixe…

Greater Toronto area increase of 12% year over year in April

2022-06-02

Toronto condos lead GTA rental surge with 24% gain in April, report finds Denise Paglinawan other Overall rents up 12 per cent Demand for downtown condo rents have skyrocketed back to pre-pandemic levels. Photo by Bloomberg files Monthly re…

A 3-bedroom apartment in Port Moody rent up to $6,050 a month, or $5.08 square foot

2022-06-01

Port Moody apartment rents surge past $6,000 a month Mario Bartel Western Investor Furnished apartments in new Suter Brook building rent for as much as $6,050 a month A typical living room in one of Onni Group's Eve furnished apartments for…

Canada's housing market 10% decrease in new purchases and renewals in its May data

2022-06-01

How Canada's market shift is affecting purchases and renewals Fergal McAlinden other The recent cooldown is having an impact on Canadians’ attitudes toward buying, says digital mortgage platform There’s been a marked slowdown in…

BoC raised its rate a half point to 1.5 per cent

2022-06-01

Bank of Canada announces another oversized rate hike Fergal McAlinden other The central bank has now raised its benchmark rate three times in 2022 The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its …

What is the best way forward for prospective home buyers as the cost to borrow climbs?

2022-06-01

Four Tips for Buying a Home Following Bank of Canada's Interest Rate Increase Patti Cosgarea other Today, the Bank of Canada announced its third rate increase of the year . Interest rates have increased again by 50 basis points to 1.5%. Thi…