Real Estate News & Articles

Canadian Building Permits declined 7% in March

2016-05-05

Other The total value of Canadian building permits declined 7 per cent on a monthly basis in March following a 15 per cent increase in February. The drop in permits was the result of lower permit activity in the commercial sector in Alberta…

Vancouver's Home Building Permit Values Rally, But Still Down: StatCan

2016-05-05

Value of permits issued in March more than 13 per cent lower than last year, although this is a recovery from a very weak February Joannah Connolly The Vancouver Sun The value of residential building permits issued in Metro Vancouver in Mar…

Toronto sales set record

2016-05-04

One of the nation?s hottest housing markets just broke a record in April Justin da Rosa Other There were a reported 12,085 home sales in Toronto last month, according to the Toronto real estate board, who argues that figure could have been …

Chinese builder touts 'three-floors-a-day' pace

2016-05-03

Ephraim Vecina The Vancouver Sun The skyscraper construction sector might be entering a new phase of heightened competition, as a Chinese prefab building company has thrown the gauntlet with its latest project. Erected at a dizzying pace of…

Hottest April on Record for Weather - and Real Estate Sales: Stats

2016-05-03

But, unlike the weather, April was not as scorching as the previous record-smashing month, reports Real Estate Board of Greater Vancouver Joannah Connolly The Vancouver Sun Meteorologists are saying that April 2016 was likely the hottest Ap…

Millennials holding back on homebuying

2016-04-27

Steve Randall Other Younger Canadians are in no rush to buy a home, preferring to wait until they have saved enough to be able to get the home they really want. A survey by BMO found that although 60 per cent of millennials say they are tir…

Canada real estate is reliving 30-year-old history : analysis

2016-04-27

Ephraim Vecina The Vancouver Sun While the continuously growing prices in Canada’s real estate sector might come across as a shock for industry players and would-be market participants, an article from way back in 1988 shows that the …

Leaked audio says towers part of First Nations' Jericho Lands vision

2016-04-27

Bob Mackin The Vancouver Sun In a recording that was leaked to the Courier, Squamish Nation Chief Ian Campbell told a March 23 band meeting in North Vancouver that the partnership with the Musqueam Indian Band and Tsleil-Waututh Nation want…

Vancouver housing market shows "strong evidence" of overvaluation

2016-04-27

Emma Crawford Hampel The Vancouver Sun A Vancouver home for sale. A new CMHC report said evidence the housing market in the city is overvalued has increased since January. Photo: Rob Kruyt As Vancouver’s housing market continues to he…

"Strong Evidence of Overvaluation" in Metro Vancouver Housing Market: CMHC

2016-04-27

Housing agency changes tune on Vancouver real estate prices, while arguing that ?weak evidence? of other market risk factors reduces the likelihood of a bubble Joannah Connolly The Vancouver Sun Canada’s federal housing agency has adj…

Competition Tribunal rules against TREB

2016-04-26

Neil Sharma and Tony Palermo other The Toronto Real Estate Board (TREB) has engaged in anti-competitive acts that had “a considerable adverse impact on innovation, quality and the range of residential real estate brokerage services th…

Condos surge in the Greater Toronto Area

2016-04-25

This market's booming thanks to high-priced Vancouver Steve Randall Other Condo sales in the Greater Toronto Area surged 21.2 per cent in the first quarter of 2016 compared to a year earlier. The Toronto Real Estate Board says that there we…

Vancouver Council Approves Next Steps for Affordable Home Ownership Pilot

2016-04-21

City hall votes to begin proposed initiative to help middle-income long-term residents into home ownership, starting with 300 discounted homes Joannah Connolly Van. Courier Vancouver City Council voted April 20 to approve the first steps to…

FinTRAC not doing its part enough ? CREA

2016-04-20

Ephraim Vecina Other Amid tighter federal legislation on large-sum transactions, the Canadian Real Estate Association (CREA) said that the government’s watchdog is not doing its part in ensuring that industry professionals get a bette…

Foreign investment not slowing down any time soon ? economist

2016-04-20

Ephraim Vecina Other The relative ease of purchasing, the low interest rates, and the generous currency exchange all make Canada an incredibly attractive choice for foreign nationals looking to expand their investment portfolios—and t…

Venue is a new residential project that comprises 141 homes ranging from studios to units with two bedrooms and a den.

2016-04-20

Emma Crawford Hampel Van. Courier The real estate market in Vancouver is going through the roof, and this is expected to continue through 2018, according to a Central 1 forecast released April 19. So far this year, Central 1 said, sales in …

BC sales boom to new record for March

2016-04-18

Steve Randall Other Sales of homes in British Columbia were up 38 per cent in March compared to a year earlier to hit a record 12,500 units sold through the MLS and it’s not just Vancouver that’s booming. "Housing demand has nev…

Vancouver homes to hit $5 million analysis shows

2016-04-18

Steve Randall Other A single-family home in Vancouver could reach an eye-watering $5.1 million by 2026 if current conditions continue. That’s according to analysis of trends over the past three years by HuffPost Canada which found tha…

Real estate board shares recommendations with Independent Advisory Group that could impact agents.

2016-04-15

Justin da Rosa Other “BCREA fully supports the IAG’s work, and any measures that improve consumer trust and Realtor professionalism,” BCREA President Deanna Horn, a Langley Realtor, said. “I’m pleased to say th…

BC Home Sales Post All Time Record in March 2016

2016-04-15

REBGV Other Download Document

Chinese buyers hungry for Canadian homes with inquiries up 134%

2016-04-14

Katia Dmitrieva Other Chinese investors are getting hungrier for real estate in Canada, where foreign demand has fueled record price gains and made million-dollar homes the norm in cities such as Vancouver. Inquiries for Canadian homes on&n…

Shanghai buyers get ahead of locals via website

2016-04-13

Steve Randall Other Real estate buyers in Shanghai are being given a jump on Vancouverites by getting an early view of MLS listings. That’s according to a report from the Vancouver Sun which says that Vanfun.com lists properties in Ch…

English Tudor a Heritage home in Shaughnessey facing demolition.

2016-04-11

Les Twarog was interview by CTV News about this Heritage home at 1550 West 29 th Avenue Vancouver. The 1922 English Tudor has been vacant for almost 10 years and the current owner has applied for it to be demolished. The 11,710 square foot …

New Coast realty - Tricks of the trade: Inside a B.C. real estate firm that has home sellers crying foul

2016-04-08

Kathy Tomlinson Other It is Wednesday night in Burnaby. Real-estate agents and sales teams are gathered in a well-lit office training room. The group, some of them young and hungry to make their mark in the bracing property trade on the Low…