Real Estate News & Articles

Black and White 75 homes at 1033 Cook Street Victoria by Abstract Developments

2016-06-04

Couple makes ?Black and White? purchase in Victoria project SHAWN CONNER Vancouver Sun Abstract Developments is building its six-storey Black and White condominium project on Fort Street in downtown Victoria. The project will encompass 75 h…

Developer sells Richmond townhouses early to those who camped out

2016-06-03

Tiffany Crawford Vancouver Sun Frenzied buyers in Metro Vancouver’s overheated real estate market camped out in Richmond weeks before a sales office opened, hoping to snap up $1.2 million townhouses.  More than 80 potential buyer…

Time to end the honour system in B.C. property purchases

2016-06-03

Douglas Todd Vancouver Sun It’s time to end the “honour system” involving B.C. property purchases. Immigration and tax specialists say Metro Vancouver’s soaring house prices are being fuelled in part by people not te…

Home prices, sales soar in suburbs

2016-06-03

Tsawwassen, Fraser Valley, Surrey seeing record increases over the same period last year The Province The suburbs are hot. New sales figures show the heat of the housing market isn’t confined within Vancouver’s city limits, with…

Brace for more housing shortages, warns Vancouver real estate guru Bob Rennie

2016-06-03

Jeff Lee The Province For more than a dozen years, Bob Rennie, Vancouver’s real estate guru, has annually taken the temperature of the city’s housing market and offered a numbers-numbing report to the Urban Development Institute…

Agent questions impact of foreign mortgages on Canadian debt levels

2016-06-03

Justin da Rosa Canadian Real Estate Wealth Worries around national average debt numbers are overblown, according to one real estate veteran who argues the stats could be inflated by mortgages held by foreigners. “The national debt car…

Sales data access can lead to more informed purchases

2016-06-03

Ephraim Vecina REP The Competition Tribunal’s recent ruling, which would compel professionals in the Toronto Real Estate Board’s jurisdiction to ensure public access to housing sales information, could actually lead to more info…

Stability attracts Chinese investors to Canadian housing: analyst

2016-06-03

Ephraim Vecina Canadian Real Estate Wealth A combination of generous exchange rates and relative stability has made Canadian real estate markets irresistible to Chinese investors, according to a long-time industry analyst. In a NEWS 1130 re…

Home Sales in BC to Peak in 2016 Before Slowing Next Year: BCREA Forecast

2016-06-02

Residential sales across the province predicted to climb 12.3 per cent this year; prices to rise 20.4 per cent this year and 3.4 per cent in 2017, says association Joannah Connolly Other Sales of homes across BC are forecast to reach a reco…

Record Breaking Housing Demand Sweeps BC

2016-06-02

BCREA Other Download Document

Oversight of British Columbia's housing market is a sham with comments from REBGV

2016-06-02

GARY MASON, Dan Morrison The Vancouver Sun If you needed any further evidence of how badly broken and dysfunctional the real estate industry is in B.C., look no further than the case of Keith Roy. Until last month, Mr. Roy was a member of t…

Greater Vancouver Home Prices up Nearly 30% Since Last May: REBGV

2016-06-02

Residential real estate sales rise 17.6 per cent year-over-year, as demand continues to skyrocket, reports board Joannah Connolly REW Last month the region’s residential real estate sales were 35.3 per cent above the 10-year sales ave…

Leading lender curbs mortgages in Vancouver, Toronto

2016-06-01

Doug Alexander Other Hot housing markets in Vancouver and Toronto prompted Bank of Nova Scotia to ease off on mortgage lending in those cities, Chief Executive Officer Brian Porter said. “We’re a little concerned about housing p…

Trump Tower in Toronto up for grabs

2016-06-01

Ephraim Vecina REP Opened for business in 2012, the Trump International Hotel & Tower Toronto is now in seemingly dire straits after most of the 65-storey building’s hotel rooms and condo units remain unsold. Donald Trump’s …

Queue-jumping accusations fly for million dollar townhouses

2016-06-01

30 homes at Kingsley Estates sold in advance of opening sale date Graeme Wood other Call it a mad dash to get your hands on a $1.2 million townhouse. Or just call it madness. “To me this is all bizarre,” said Steveston resident …

Developers ignore feng shui at their peril

2016-06-01

Ozzie Jurock The Vancouver Sun Download Document

Prospects of trading up hampered by limited supply : TD

2016-05-31

Ephraim Vecina The Vancouver Sun The severe lack of entry-level homes in Canada’s most overheated markets is harming the prospects of not just first-time buyers but also growing families who need to upgrade their dwellings, according …

RBC sees 'low probability' of housing crash despite condo concerns

2016-05-31

Steve Randall The Vancouver Sun Despite concern that overbuilding of condos could pose a risk to the housing market, especially in Calgary; the Royal Bank of Canada says that the probability of a nationwide downturn in the housing market is…

CMHC releases Q1 results

2016-05-30

The Crown Corporation announced its quarterly results Monday. Justin da Rosa Other “The first quarter of 2016 saw us provide mortgage loan insurance to 83,000 homebuyers across the country, deliver $589 million through our assisted ho…

Entry-level homeowners face 'buyer's gridlock' when upgrading in Toronto, Vancouver, TD says

2016-05-27

Hot markets risk making gap between starter homes and trade-up places impossible to breach Other Home buyers trying to move up from their entry-level dwellings face a form of gridlock in the red hot markets of Toronto and Vancouver that ris…

It now takes 23 years to save for a downpayment in Vancouver

2016-05-26

Steve Randall Other Buying a home in Vancouver has never been more expensive and a new report shows that to save for a downpayment now takes almost a quarter of a century! The report, from Generation Squeeze, reveals that buying an average …

Bank of Canada Interest Rate Announcement

2016-05-25

BCREA Other The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank cited that inflation and economic growth were evolving roughly in-line…

Governments must clamp down on foreign buyers

2016-05-25

Allen Garr Van. Courier If you consider the undeniable social and economic benefits of affordable housing and the resulting stability and health it provides a community such as ours, you must wonder why we allow this precious commodity to b…

Vancouver's Trump hotel denied nightclub liquor licence

2016-05-19

MATT ROBINSON The Vancouver Sun “There’s an old saying that what goes on in Vegas stays in Vegas.” That was the assurance from a representative of developer Joo Kim Tiah to Vancouver city councillors that a propo…