Real Estate News & Articles

Vancouver housing market is crashing already says LePoidevin

2016-07-19

David LePoidevin of LePoidevin Group, a fund management company says that shorting some banks and mortgage lenders and not investing in the sector will show a slowing of home sales. The government doubts the impact of foreign buyers in the …

Townhouse teardowns: Get used to the term

2016-07-19

For the first time, townhouse owners can more easily access the true value of their property Frank O'Brien REW This spring, an 88-year-old teardown house in Vancouver’s Point Grey sold for $9 million, more than one million dollars ove…

Real estate tax cheats probed by CRA

2016-07-18

Steve Randall REP The Canada Revenue Agency says that it is investigating real estate transactions in British Columbia to search out tax cheats. Reuters reports that the probe will particularly focus on foreign investors. The CRA said that …

Oak + Park Townhomes 7600 Oak Street 40 townhomes by Alabaster Homes

2016-07-16

Thousands register for new 40-unit project SHAWN CONNER The Vancouver Sun Project name: Oak + Park Townhomes Project location: 7600 Oak Street Project size: 40 townhomes, 3-bed + den + flex Residence size: 1,280 — 1,600 square feet Pr…

Crisis time for Vancouver tenants feeling 'soul-crunch' of sky-high rents

2016-07-16

Metro Vancouver residents feel soul-crushing reality of sky-high rents CHERYL CHAN The Vancouver Sun Danny Delgiglio has come to terms with the fact he may never own a house in Vancouver, where he was born and raised. The 36-year-old c…

B.C. firm criticized for role in cash-for-visa program

2016-07-16

Politically-connected RCI helps rich foreigners get Canadian residency PETER O?NEIL The Vancouver Sun OTTAWA — A B.C.-based company says it has brought $2 billion to Canada under the Quebec government’s cash-for-visa progra…

Home sales fall in June

2016-07-15

Justin da Rosa REP Canadian home sales declined in June, according to CREA’s most recent stats. National home sales fell 0.9% month-over-month in June, according to the Canadian Real Estate Association. “June sales extended tren…

Good news for investors outside Toronto and Vancouver

2016-07-15

Justin da Rosa Canadian Real Estate Wealth Although those two markets continue to perform well, a number of additional markets are also showing considerable strength. Several Canadian real estate markets showed increased strength in May, ac…

Royal LePage projects 12.4% price growth by year's end

2016-07-15

Ephraim Vecina Canadian Real Estate Wealth In its latest study, Canadian real estate franchiser Royal LePage predicted a staggering increase in Vancouver and Toronto home prices as well as sounded the alarm on the dangers of speculation in …

Vancouver housing market outstrips the rest of Canada - report

2016-07-15

Ephraim Vecina Canadian Real Estate Wealth Citing the results of a recent house price survey, real estate franchising giant Royal LePage announced that the growth and performance of the Vancouver housing market outpaced the rest of Canada b…

CRA to target real estate ?astronaut? millionaire immigrants

2016-07-15

It represents gross negligence in this area, since questionable activity in this area has long been suspected. ? PETER O?NEIL AND GORD HOEKSTRA The Vancouver Sun A “bombshell” internal federal government document has triggered a…

Want a new home? Lately, it?s VIPs only

2016-07-15

Prospective condo buyers left out as developers sell to friends, family first JOANNE LEE-YOUNG The Vancouver Sun Would-be condo buyers and their agents are frustrated that, in a sizzling hot market with scarce supply, some projects are bein…

Real estate regulation report had hits and misses

2016-07-15

The only thing hotter than B.C. housing prices is the debate over them and what can be done. Jonathan Gelderman The Vancouver Sun The recent independent report on the state of the real estate industry’s self-regulation was largely goo…

Feds finally tackle real estate issues

2016-07-15

After doing little to stop tax cheats, government is about to beef up West Coast staff PETER O?NEIL AND GORD HOEKSTRA The Province A “bombshell” internal federal government document has triggered a new wave of accusations of ina…

Vancouver real estate market won't cool soon, Royal LePage says

2016-07-14

The Vancouver Sun Realtor Royal LePage says the national average home price climbed 9.2 per cent during the second quarter compared to a year ago — the largest year-over-year gain in five years. In its latest report, the realtor says …

Civil Resolution Tribunal (CRT) can order repair, payment

2016-07-14

OWNER WON?T PAY: Without bylaws, strata has no authority to maintain or fix the lot Tony Gioventu The Province Dear Tony:  What happens when an owner refuses to repair water damages to their strata lot?  Last year an owner had a p…

Prescott Commons 3323 151 Street Surrey 248 homes in a 4 storey building by Polygon Prescott Commons Ltd

2016-07-14

Young buyers attracted to old feel Mary Frances Hill The Province Prescott Commons Where: 3323 151st Street, Surrey What: 248 apartments – various one- and two-bedroom plans in a master-planned community with a total of 400 homes…

Bank of Canada holds rates to tame 'fire-breathing' Vancouver housing market

2016-07-14

Joanne Lee-Young The Province The Bank of Canada has held on to its overnight interest rate in part because it doesn’t want to inadvertently add fuel to the Vancouver housing market.  It’s “right up there in terms of …

Home Prices in Canada?s Biggest City Gain Most Since 1989

2016-07-14

Erik Hertzberg REP May was the biggest month for Toronto new home prices in 27 years. Prices in Canada’s largest metropolitan area rose 1.9 percent in May, and were up 6.4 percent from a year earlier. Nationally, home prices rose 0.7 …

Tight Market Conditions Prevail Around the Province

2016-07-14

BCREA other The British Columbia Real Estate Association (BCREA) reports that a record 12,906 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 14.3 per cent from the same month last year. Tota…

Home Prices in Canada?s Biggest City Gain Most Since 1989

2016-07-14

Erik Hertzberg Canadian Real Estate Wealth May was the biggest month for Toronto new home prices in 27 years. Prices in Canada’s largest metropolitan area rose 1.9 percent in May, and were up 6.4 percent from a year earlier. Nationall…

Vancouver, Toronto not alone in making house price gains

2016-07-14

GARRY MARR The Vancouver Sun Most of the country’s housing markets heated up in June, according to new data that shows Toronto and Vancouver continue to heavily influence the national average, but aren’t alone in making gains. W…

Realty firm was 'a sham'

2016-07-14

Securities Commission says director must pay $187,875 in penalties DAN FUMANO The Vancouver Sun A Metro Vancouver man who purported to operate a “rent-to-own” real estate company that helped people purchase homes actually c…

Heritage reno turns into long waiting game

2016-07-14

Eight months after plans submitted, homeowner still waiting on permit JOHN MACKIE The Vancouver Sun Dean Murray is mired in reno hell. And he hasn’t even begun to do renovations. Murray bought a century-old character home at 2726 West…