Real Estate News & Articles

Housing Market Slows to a Simmer in BC

2016-08-11

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Sales down in B.C.

2016-08-11

Residential unit sales fell 3.4% in July Justin da Rosa REP Recent statistics point to a slight sales slowdown within the country’s westernmost province. Residential unit sales in British Columbia fell 3.4% year-over-year in July, acc…

A number of sellers willing to sell below value

2016-08-10

Vancouver Home Project ? connecting sellers with buyers Justin da Rosa Canadian Real Estate Wealth Despite being met with some criticism, the Vancouver Home Project – which aims to connect Vancouver homeowners willing to sell at below…

Leave ethnicity out of real estate debate

2016-08-09

We must work together to solve affordability crisis Farid Rohan The Vancouver Sun We don’t blame all Arabs every time OPEC pushes up (or down!) the price of a litre of gas. We don’t blame Mexicans if fruit prices go up or the Ja…

Signs show Trudeau in no rush for stimulus

2016-08-09

? THEOPHILOS ARGITIS The Vancouver Sun Will Prime Minister Justin Trudeau double down on fiscal stimulus in the wake of Canada’s recent abysmal economic data? Don’t hold your breath. Report after report is painting a dire pictur…

Point Grey cube house 'will be stunning' when finished, realtor promises

2016-08-09

Prospective buyers are making calls about criticized Point Grey home MATT ROBINSON The Vancouver Sun When you go into a restaurant, there’s chicken, there’s beef, there’s fish. “It’s a good thing we don’t…

Stimulus Stockpile Means Trudeau Isn?t in a Rush to Double Down

2016-08-09

Signs show Trudeau in no rush for stimulus ? THEOPHILOS ARGITIS The Vancouver Sun Will Prime Minister Justin Trudeau double down on fiscal stimulus in the wake of Canada’s recent abysmal economic data? Don’t hold your breath. Re…

Wave of stratas could disband, sell whole buildings to developers after new legislation

2016-08-09

Stratas poised to disband and sell off condo buildings JOANNE LEE-YOUNG The Vancouver Sun Some two dozen stratas across Metro Vancouver are positioning themselves to dissolve and sell their entire buildings to developers, according to Tony …

Developers concerned about impact of new tax on cooperative ventures

2016-08-08

Ephraim Vecina Mortgage Broker News The new 15 per cent tax on foreign buyers of B.C. homes has made its shockwaves felt not only among overseas nationals, as even developers have expressed concerns about the possible impact of this new lev…

Prices in GTA up by more than 20 per cent in July

2016-08-08

Toronto Real Estate Board says prices in the Greater Toronto Area are up Ephraim Vecina Mortgage Broker News Toronto’s housing segment continues to heat up as the average price of a detached home spiked up by 21 per cent year-over-yea…

Is Montreal the next big foreign buyers' haven?

2016-08-08

The French language is a major deterrent for the Chinese to settle in Montreal Ephraim Vecina Mortgage Broker News While various analysts and observers have predicted a mass exodus of wealthy overseas nationals to markets outside Vancouver …

UnionPay use on rise with Metro Vancouver retailers

2016-08-08

China-based credit card association accepted broadly this side of Pacific CHUCK CHIANG The Vancouver Sun A quick stroll through many of Metro Vancouver’s retail outlets and shopping malls will reveal a growing number of ubiquitous red…

Options for millennials seeking their own detached homes

2016-08-08

Millennials? delicate balancing act between education and ownership by Ephraim Vecina Canadian Real Estate Wealth Canadian members of Generation Y still have multiple options for their desired homes despite benchmark prices for detached pro…

Scuttled Home Purchases, Legal Risks Mount From Vancouver Tax

2016-08-07

More than 400 deals reported to face collapse after new tax Katia Dmitrieva, Natalie Obiko Pearson other British Columbia’s decision to impose a 15 percent tax on foreign buyers to cool Vancouver’s scorching housing market is po…

SKAHA HILLS 501 Skaha Hills Drive Penticton 24 condos in the master planned community of 600 homes by Greyback Developments

2016-08-06

Latest phase of Okanagan development has spectacular sights MICHAEL BERNARD The Vancouver Sun Project: The Vistas at Skaha Hills Project location : 501 Skaha Hills Dr., Penticton Project size: Third phase of 24 two-bedroom-and-den and three…

McKinnon 2102 W 48th Avenue 40 homes in a 4 storey building by Cresssey Development Group

2016-08-06

Single family homeowners in tony community part of builder?s target market CLAUDIA KWAN The Vancouver Sun Project name: McKinnon by Cressey Project location: W. 48 th Avenue & West Boulevard, Vancouver Project size: 40 homes in a four-s…

Vancouver leads world again in property value increases

2016-08-06

Canada's national housing agency rang more alarm bells about Vancouver's real estate sector after it released a report of problematic conditions in the city SUSAN LAZARUK The Vancouver Sun Vancouver’s surge in house prices of 36 per c…

Foreign buyers tax a threat to the rule of law

2016-08-06

Failing to exclude existing deals injects uncertainty into investment climate Josef Filipowicz, Kenneth Green and Steve Lafleur The Vancouver Sun Mike de Jong, B.C.’s finance minister, recently and unexpectedly announced an additional…

Markets hot and cold

2016-08-06

The markets to target and avoid, according to one investment veteran Justin da Rosa Canadian Real Estate Wealth Peter Figura, director of national sales at Centurion REIT, has worked as an investment advisor since 1999. Today, however, he s…

New tax on foreign buyers might induce price growth instead ? analysis

2016-08-05

The 15 per cent tax might instead only induce a home price increase Ephraim Vecina Canadian Real Estate Wealth The new tax on foreign buyers of residential properties in British Columbia was ostensibly meant to cool down the overburdened Va…

Real Estate Council of B.C. requires photo ID for applications after exam deception

2016-08-05

The Real Estate Council of B.C. is making changes to crack down on agents trying to game their procedures Michael Mui The Vancouver Sun The Real Estate Council of B.C. is requiring government photo ID checks during licence applications for …

More high-tech = easier to steal

2016-08-05

Thieves can take your car in seconds, and some automakers don?t care David Booth The Province This is all that an enterprising young — and digital-savvy — car thief has to do to steal your new, high-tech, it’s-computerized…

B.C. NEGLECTED NAFTA WHEN APPLYING NEW TAX

2016-08-05

Levy on foreign buyers could hurt Canadians with U.S. property Adam Leamy The Vancouver Sun A single clause was all that was required. One that exempted citizens of countries with trade and investment agreements with Canada from the 15-per-…

MILLENNIALS WON?T WAKE FROM DETACHED DREAMS

2016-08-05

Despite record high prices and big risks, gen Y chasing hot homes Garry Marr The Vancouver Sun Millennials are not giving up on the dream of owning a detached home, despite national prices soaring to record levels, buoyed by average prices …