Real Estate News & Articles

Banker, agent told homebuyers to fake assets, court filing says

2016-09-16

Couple claim they were told to fake assets to buy Richmond home JOANNE LEE-YOUNG The Vancouver Sun The prospective buyers of a $2.46 million Richmond home put down a $120,000 deposit. When they were turned down at three major national banks…

B.C. opens coffers for a new housing affordability plan, puts $500 million on table

2016-09-16

Housing affordability plan to launch ROB SHAW The Province Premier Christy Clark will launch her government’s promised housing affordability plan next week, spending almost half a billion dollars from windfall real estate ta…

Fearing immigrants 'nothing new': Trudeau

2016-09-16

PM urges patience on integration of newcomers other MONTREAL — Prime Minister Justin Trudeau used the example of Italian grandmothers in Montreal to explain Thursday why Canadians shouldn’t be “overly impatient” with…

Canadian Home Sales Take a Vacation in August ? Led by Lower Mainland: CREA

2016-09-15

Sales activity down month-over-month in 60 per cent of Canadian markets ? an anticipated August lull for many, with the Lower Mainland a national anomaly Joannah Connolly REW The number of home sales in Canada fell by 3.1 per cent compared …

Kings Crossing by Cressey at 7350 Edmonds Street Burnaby 779 homes in three towers

2016-09-15

BURNABY: Planned Kings Crossing development caters to cooks, no matter how many are in the kitchen Mary Frances Hill The Province Kings Crossing Project size: 779 homes in three concrete construction towers, 28 — 36 storeys Where: 735…

Home sales fall further in August: CREA

2016-09-15

Nationally home sales have declined for the 4th month Justin da Rosa Canadian Real Estate Wealth National home sales have declined for the fourth straight month, according to the Canadian Real Estate Association. On a national level, sales …

Canadian home sales drop 3% as Vancouver market 'brakes more abruptly than anticipated'

2016-09-15

Home sales in Vancouver that dropped 18% after the foreign-buyer tax was brought in are weighing down the national index The Vancouver Sun Home sales in Vancouver that dropped 18% after the foreign-buyer tax was brought in are weighing down…

Colliers International appoints Canada?s former Prime Minister Stephen Harper to its Board of Directors

2016-09-15

other TORONTO (September 15, 2016) – Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) (“Colliers”) today announced the appointment of the Right Honourable Stephen Harper, P.C. to its Board of Directors, effective…

Fintrac found 'significant' deficiencies at nearly 500 real estate firms

2016-09-14

Canada?s anti-money laundering agency conducted on-site examinations between 2012 and June 2016 Alexandra Posadzki Mortgage Broker News Canada's anti-money laundering agency conducted on-site examinations of more than 800 real estate compan…

BC housing ?Demand remains strong?

2016-09-14

The 'average' price has dropped due to fewer high-end home sales Justin da Rosa REP The province may have recorded fewer sales and lower prices, but B.C.’s real estate board remains optimistic. "The decline in the average home price w…

Vancouver's empty homes tax to be self-declared, up to 2 per cent of value

2016-09-14

The empty homes tax to be in place in 2017 Mortgage Broker News Vancouver is proposing to tax homeowners by as much as two per cent of assessed value for units that they declare as vacant. Mayor Gregor Robertson announced new details of the…

Vancouver's empty homes tax to be self-declared, up to 2 per cent of value

2016-09-14

The empty homes tax to be in place in 2017 Canadian Real Estate Wealth Vancouver is proposing to tax homeowners by as much as two per cent of assessed value for units that they declare as vacant. Mayor Gregor Robertson announced new details…

Safety concerns start with police

2016-09-14

Sex offender has a right to live in strata Tony Gioventu other Dear Tony: No one in our strata has been prepared to talk about this issue, but we have found out we have a convicted sex offender living in our townhouse complex. Our strata is…

Vancouver prepares to enact empty homes tax

2016-09-14

Plan is to put tax in place by 2017 and tax 10,800 homes Glen Korstrom Vancouver Courier Vancouver’s long discussed tax on empty homes is inching closer to reality. Mayor Gregor Robertson held a Sept. 14 press conference to discuss th…

Vancouver's Vacant Home Tax to Start in 2017, With Many Exemptions: Mayor

2016-09-14

Gregor Robertson reveals more details of proposed new vacant home tax, which is to go before council next week Joannah Connolly REW Further details of the propsed new vacant home tax for empty homes in Vancouver were revealed by Mayor Grego…

National revenue minister asks CRA to investigate B.C. real estate speculators

2016-09-13

Canadian Real Estate Wealth   National Revenue Minister Diane Lebouthillier has asked the Canada Revenue Agency to look into the actions of real estate speculators in B.C. following a newspaper investigation. The Globe and Mail reporte…

Financial veteran spotlights hot markets

2016-09-13

Buckle up, brokers, you may not agree with this hot take Justin da Rosa Mortgage Broker News One of the country’s most infamous housing bears tackles the housing markets in Vancouver and Toronto, and investigates whether supply is tru…

BC Housing Demand Remains Strong Despite Fewer Vancouver Home Sales

2016-09-13

other The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the same month last year. Total sales dollar …

Housing activists eye provincial election to push for affordable housing

2016-09-13

Housing Action for Local Taxpayers HALT Naoibh O?Connor Vancouver Courier Justin Fung, a tech worker in his mid-30s, is one of the organizers behind the HALT ( Housing Action for Local Taxpayers ) housing rally taking place at 2 p.m., Sept.…

How maxing out your credit card affects your credit score

2016-09-13

Chantel Chapman The Province Mogo’s credit score expert, Chantel Chapman, explains how your level of indebtedness can affect your financial standing. Welcome to our ongoing series on what impacts your credit score! Last week, we explo…

Tenant-friendly online service ignites concerns over rental bidding wars

2016-09-13

Online service for rentals ignites bidding war fears SUSAN LAZARUK The Vancouver Sun A Vancouver-based online service that helps landlords rent suites through sealed bids from tenants is strongly opposed by LandlordBC because they fear it&r…

Crack down on real estate tax cheats BC minister urges CRA

2016-09-12

Real estate speculators pay little on no tax flipping houses Ryan Smith Mortgage Broker News The Canada Revenue Agency must be diligent in cracking down on real estate tax cheats, the BC finance minister says. In a statement released over t…

1151 Sunset Drive a Kelowna development by Kerkhoff Construction, a 21-storey tower with 117 condominiums

2016-09-10

New dawn on Sunset MICHAEL BERNARD The Vancouver Sun Project: 1151 Sunset Drive Project location:   1151 Sunset Drive, Kelowna Project size/scope: 117 condominium homes in a 21-storey concrete building and seven street-level townh…

Fairwinds at Hampton Cove at 5550 Admiral Way Ladner 147 townhomes by Fairwinds Polygon Homes Ltd

2016-09-10

Polygon's Fairwinds at Hampton Cove fits the bill for home-hunting pair Barbara Gunn The Vancouver Sun Fairwinds at Hampton Cove Project address: 5550 Admiral Way, Ladner Project size: 147 two-, three- and four-bedroom townhomes Residence s…