Real Estate News & Articles

Agents argue over foreign tax suggestion

2016-05-18

Justin da Rosa Other Real estate veteran stirs controversy with foreign homebuyer tax argument. “For quite some time also I have been saying that foreign Investors should be taxed at a much higher rate of land transfer tax, and if nee…

25% of luxury properties purchased by foreigners : advisors

2016-05-18

Ephraim Vecina The Vancouver Sun A recent survey by Royal LePage revealed that a significant proportion of real estate advisors in Canada’s metropolitan areas believe that approximately 25 per cent of the country’s luxury proper…

New condos exempt from assignment rules

2016-05-18

Flipping pre-sale agreements without compensation allowed under new B.C. regulations that came into effect May 16 2017 Frank O'Brien Western Investor Pre-sale condo assignments at the Vancouver House, which completes in 2019, are being adve…

Chinese interest in Australian real estate skyrockets

2016-05-16

CRE Other As Australian financial institutions crack down on lending to foreign buyers it has been revealed that Chinese interest in Australian property skyrocketed during 2015. According to figures from Juwai.com, which markets internation…

Market boom helping investors get rich

2016-05-16

Justin da Rosa Other Investors continue to cash in, with this red hot market continuing to break records. "Housing demand is exceptionally strong across the southern regions of the province,” Cameron Muir, BCREA Chief Economist, said …

Quick Start to Year Could Lead to Single Highest Half Year Sales Total Recorded

2016-05-16

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Billions change hands as April home sales set record in British Columbia

2016-05-16

Other More property sales records tumbled in April according to the British Columbia Real Estate Association. A release from the association says a record 12,969 homes were sold last month in B.C., a 30 per cent increase over the same perio…

CMHC releases Q2 housing market outlook

2016-05-16

by Justin da Rosa Other The Crown Corporation released its long-term economic and housing forecast Wednesday morning. It expects housing starts to slowly decrease over the coming years. “On an annual basis, housing starts are expected…

Single-family home prices up 1.2 per cent in April

2016-05-13

Other Single-family home prices rose 1.2 per cent in April from the previous month. The Teranet-National Bank Composite House Price Index recorded the largest April increase since 2008. Vancouver prices were up 2.2 per cent and in Toronto t…

BC Market Sees Highest-Ever Home Sales in a Single Month: BCREA

2016-05-13

Combined residential transaction sales across all provincial real estate boards smashes records yet again, reports association Joannah Connolly Other BC real estate boards posted a record-breaking total of 12,969 residential unit sales in A…

BC Home Sales Continue to Smash Record Book

2016-05-13

BCREA Other The British Columbia Real Estate Association (BCREA) reports that a record 12,969 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, up 30.3 per cent from the same month last year. Hom…

Tiniest Local Neighbourhoods See 135% Price Rises Over Decade: Report

2016-05-12

Luxury real estate in Metro Vancouver's two most desirable areas more than doubled in price since 2005, driven by overseas buyers, says Royal LePage survey REW Other The average price of an luxury home in Point Grey or West Vancouver has in…

Foreign buyers driving price gains in Vancouver's high-end real estate: survey

2016-05-12

Jen St. Denis Van. Courier Foreign buyers are driving price gains in Canada's expensive home markets, a trend that picked up speed at the beginning of 2015 and is expected to continue to increase in the future, according to a Royal LePage s…

By 2025, Goldman Sachs predicts 220 million tourists from China will spend $450 billion annually

2016-05-12

Juwai Other This makes Chinese one of the most lucrative targets in the global economy – a fact recognised by governments across the world that are loosening visa policies, introducing extended visas, simplifying application processes…

Assignments will no longer be allowed as of May 16, 2106 - Property Transfer Tax form will now have Citizenship Data

2016-05-10

BCREA Other Consumer awareness took a step forward with the announcement of new requirements for real estate contracts. Following on a promise made by Premier Clark in March, as of May 16, 2016 the government will require contracts prepared…

Consumer awareness took a step forward with the announcement of new requirements for real estate contracts.

2016-05-10

BCREA Other Consumer awareness took a step forward with the announcement of new requirements for real estate contracts. Following on a promise made by Premier Clark in March, as of May 16, 2016 the government will require contracts prepared…

Assignments will no longer be allowed as of May 16, 2106 - Property Transfer Tax form will now have Citizenship Data

2016-05-10

BCREA Other Consumer awareness took a step forward with the announcement of new requirements for real estate contracts. Following on a promise made by Premier Clark in March, as of May 16, 2016 the government will require contracts prepared…

Canadian Housing Starts

2016-05-09

Other Canadian housing starts declined 5 per cent in April following several months of robust construction activity. Total housing starts were 191,512 units at a seasonally adjusted annual rate (SAAR).     The six-month trend…

Something All Luxury Agents Should Know

2016-05-09

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Judge finds tenant ?gaming the system?

2016-05-09

Matt Maurer Other An Ontario Superior Court Judge has expressed his hope that legislative changes will be made to stop unscrupulous tenants from “gaming the system”. The facts of the case are straightforward and rather appalling…

Housing Optimism Hits Two-Year High as Canadian Confidence Rises

2016-05-09

Josh Wingrove Other Optimism for housing prices in Canada has reached a two-year high as consumer confidence continues its upward march. The share of Canadians expecting home prices to increase in their neighborhoods over the next six month…

Wildfire's effect on Fort Mac housing market

2016-05-06

Justin da Rosa The Vancouver Sun One agent weighs in on the impact the massive fires in Fort McMurray will have on the town’s real estate market. It may be a long time before it is known to what extent Fort Mac's ecoconomy will be imp…

The market that refuses to back down

2016-05-06

Justin da Rosa Other Despite a glut of inventory, prices in this one western market refuse to drop, which is good news for investors. Residential home prices remained relatively unchanged in April, with an average price of $377,283 in April…

Vancouver's Trump tower popular with job seekers

2016-05-05

Nearly 10,000 people apply to work at hotel Glen Korstrom Van. Courier Controversial stands by front-running U.S. Republican presidential candidate Donald Trump has not dampened interest in working at the Trump International Hotel & Tow…