Real Estate News & Articles

Foreign buyers are not what?s driving the Vancouver housing bubble, economist says

2016-09-10

Garry Marr The Vancouver Sun There’s a housing bubble in Vancouver but it’s not caused by foreign buyers, says a note out Friday from Capital Economics. Paul Ashworth, chief North American economist with Capital Economics, said&…

Chinese Investors skirting the tax laws with CRA and local governments

2016-09-10

Loopholes and lax oversight are making it easy for a network of local and foreign speculators to play the system, and, in the process, fuel the steep rise in Vancouver home prices Kathy Tomlinson The Globe and Mail One of the Vancouver home…

Vancouver presales figures breaking records despite softening in real estate market

2016-09-09

Condo presales breaking records SUSAN LAZARUK The Vancouver Sun Presales of brand new condos in Vancouver have never been stronger, even as recent figures show a slump in real estate sales in the wake of B.C.’s new…

Ravenswood at 39289 Falcon Crescent Squamish 106 three and four bedroom homes by Benchmark Homes

2016-09-08

WELCOMING FEEL: Every room is set up to appeal to a wide variety of needs and uses for homebuyers Mary Frances Hill The Province Ravenswood Where: 39289 Falcon Crescent, Squamish What: 106 three- and four-bedroom homes Developer and builder…

Cease and desists letter sent to agent sharing sold data

2016-09-08

A website that shares Toronto?s sold data with subscribers has been ?temporarily suspended.? Justin da Rosa REP The website torealestatesold.com, which is managed by agent Fraser Beach, posted an online message Thursday that its publication…

Time of Change for BC Real Estate

2016-09-08

BCREA Bulliten other Download Document

Rank High to be Found Online

2016-09-08

Search engine optimization can help purchase-ready customers find your website Chris Johnstone other A 2015 study by Accenture found that 23 percent of U.S. consumers who applied for a mortgage in the previous year did so through the intern…

Strong housing making Vancouverites millionaires - in theory

2016-09-07

Ephraim Vecina Canadian Real Estate Wealth In the latest edition of its WealthScapes analysis, marketing services firm Environics Analytics noted that Vancouver has become the first “city of millionaires” in Canada thanks to the…

Investor responds to criticism about popular housing investment type

2016-09-07

Justin da Rosa Canadian Real Estate Wealth Following an investigation that argued rent-to-own deals are risky for tenants, one expert in that space responds. “ … these rent-to-own agreements reside in a gray area of the law, th…

Canadians starting to get anxious about housing sector?s stability ? poll

2016-09-07

Ephraim Vecina REP The end-of-August results of the Bloomberg Nanos Canadian Confidence Index revealed that Canadian consumers are apparently starting to become nervous about the fundamental stability of the country’s housing markets.…

Potential regulation for Airbnb rentals

2016-09-07

Justin da Rosa REP Two major GTA cities may crack down on this popular investment option. "I think the city has the right to regulate land use, and those type of zoning bylaws are in place especially to make sure that everyone is aware that…

Bank of Canada Interest Rate Announcement

2016-09-07

BCREA other The Bank of Canada announced this morning that it is holding its target for the overnight interest rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that weaker than expected growth in the glob…

Bank of Canada makes rate announcement

2016-09-07

Target rate held at ?% on Wednesday Justin da Rosa Canadian Real Estate Wealth   The Bank of Canada held the target for the overnight rate at ½% Wednesday. Canada’s economy shrank in Q2, according to the BoC; however it&rs…

Negotiating a fair deal for strata management

2016-09-07

Be clear on strata management Tony Gioventu other Our strata council is interviewing for a new management company. Our previous company constantly changed our manager and council did all of the work we had contracted for. In the past three …

Mahogany at 2108 Gladwin 26 storey tower by Quantum Properties

2016-09-07

Hot market fuels rise of Abbotsford's tallest tower Evan Duggan The Vancouver Sun Abbotsford is experiencing a surge in development in its residential, industrial and agricultural sectors and work is beginning on what developers s…

Vancouver sales return to "histocal normals"

2016-09-06

August was hit hard with low home sales Steve Randall REP Vancouver home sales took a tumble in August to become “more historically normal” levels of activity. Greater Vancouver Real Estate Board reported sales of 2,489 homes in…

Vancouver's August sales plunge to 4-year record low

2016-09-06

Lower prices in Vancouver could hurt major banks Ephraim Vecina Mortgage Broker News In its latest set of data released on September 2, the Real Estate Board of Greater Vancouver announced that August sales in the city have plummeted to a f…

Before you buy a house: Feng Shui Checklist

2016-09-06

Rodika Tchi other Download Document

Metro home sales slide in August as prices climb

2016-09-04

Is Vancouver's housing market losing its sizzle? Some facts on August home sales Canadian Press The Province Some facts on home sale figures for August released Friday by the Real Estate Board of Greater Vancouver, the first month of data a…

Virtuoso 3581 Ross Drive UBC 106 homes in a 6 storey building by Adera Development

2016-09-03

Virtuoso marks Adera?s 10th project in amenity-rich UBC neighbourhood Simon Briault The Vancouver Sun Virtuoso Project location: 3581 Ross Drive Project size: 106 homes, 1 — 3  bedrooms Residence size: 775 — 1,812 square fe…

Collapsing or cooling? Vancouver real estate market data's mixed messages

2016-09-03

Statistics present widely divergent pictures of the Vancouver housing market Bethany Lindsay The Vancouver Sun House sales are down, but prices are still going up. That’s the latest message from the Real Estate Board of Greater V…

RECENT REGULATION REGARDING ASSIGNMENTS

2016-09-02

BCREA other In May 2016, in response to public concern over the flipping of single family residential properties in a surprisingly robust residential market, the provincial government amended the Real Estate Services Regulation concerning t…

Sale of your principal residence

2016-09-02

Capital gain payable on non-principal residence Canada Revenew other When you sell your home or when you are considered to have sold it, usually you do not have to report the sale on your income tax and benefit return and you do not have to…

Vancouver searches plunge on Chinese real estate site

2016-09-02

Inquiries for luxury homes dropped 55 per cent after foreign tax introduced Frank O'Brien Vancouver Courier Searches for Metro Vancouver homes on China’s largest foreign property real estate portal plunged the day the B.C. government …