Real Estate News & Articles

Unseasonably Warm January for Vancouver Real Estate: REBGV

2016-02-02

Last month?s sales 46 per cent above 10-year average in second busiest January on record, as condo prices continue surge, reports board Joannah Connolly REW Other As has been the trend over the past few years, in which January has been the …

Fraser Valley Home Sales Smash January Records: FVREB

2016-02-02

Strongest-ever January for residential real estate transactions in the Valley, with sales up 62 per cent year over year, reports board Joannah Connolly Other Fraser Valley real estate saw its busiest-ever January, according to Fraser Valley…

Do I Pay GST on a Never-Occupied Unit?

2016-02-01

A little-known tax loophole means that if you buy a resale unit that has never been occupied, you?re on the hook for the GST, explains local agent Barry Magee Barry Magee Other Q: I'm looking for a newer condo, and I know that if I buy a ne…

The federal government considers this transaction a transfer of unoccupied inventory from one developer to another

2016-02-01

Ask The Expert: Do I Pay GST on a Never-Occupied Unit? Barry Magee REW  Q: I'm looking for a newer condo, and I know that if I buy a new presale unit, I would have to pay GST on the purchase price. So if I were to purchase a resale pro…

The Arc Vancouver at 998 Expo Boulevard will forever change Central False creek's skyline

2016-01-28

Other Download Document

BC Homes Sales Set to Drop This Year after Scorching 2015: BCREA

2016-01-28

Unit transactions across province to fall 6.3 per cent, but prices will continue to rise, up another 6.4 per cent this year, according to forecast Joannah Connolly Other After a near-record-setting year for BC real estate sales in 2015, in …

JLL expands reach with Bill Goold acquisition

2016-01-25

Steve Randall Other One of western Canada’s top property brokerages is to become part of JLL Canada. Bill Goold Realty has been operating for a quarter of a century and has sold more than $1.2 billion in commercial and rental properti…

Chinese market can make waves in Vancouver?analyst

2016-01-22

Ephraim Vecina Other The continuous weakening of both the renminbi and the loonie can make real estate in Canadian soil—especially in high-volume areas like Vancouver—quite an attractive prospect for Chinese investors, according…

Columnist is wrong - property levy would control prices

2016-01-22

The Vancouver Sun Some believe that a surtax on foreign investors would cool Metro Vancouver?s housing market. GERRY KAHRMANN/PNG FILES I read Gordon Clark’s column, Property tax surcharge won’t bring down prices. The line &ldqu…

The Bank of Canada will maintain its target for the overnight rate at 1/2%.

2016-01-20

Justin da Rosa Other “Inflation in Canada is evolving broadly as expected. Total CPI inflation remains near the bottom of the Bank’s target range as the disinflationary effects of economic slack and low consumer energy prices ar…

B.C. strata councils in "critical" funding state

2016-01-20

Owners ?just don?t have the money? for proper contingency funds Barbara Yaffe The Vancouver Sun Real estate appraiser and consultant Jeremy Bramwell says condo board reserve funds are seriously underfunded across B.C. Photograph by: Arlen R…

Major international bank says Poloz will cut rate to zero in 2016 on Oil

2016-01-19

Allison McNeely Other The Bank of Canada will cut its key interest rate to at least zero this year and could move toward negative rates to offset the crude oil price slump, according to Barclays Plc. The London-based bank expects …

Major international bank says Poloz will cut rate to zero in 2016 on Oil

2016-01-19

Allison McNeely Other The Bank of Canada will cut its key interest rate to at least zero this year and could move toward negative rates to offset the crude oil price slump, according to Barclays Plc. The London-based bank expects …

What the Benchmark Price Will Buy You in the Fraser Valley

2016-01-19

The Fraser Valley real estate market is heating up, with detached sales up 50 per cent in December. Here?s what you can buy at typical prices in five areas Vashti Singh Other Last year was the strongest in a decade for Fraser Valley real es…

Purpose-Built Rental Boom

2016-01-18

Other Not since the 1970s has Vancouver seen the surge in investment in purpose-built rental apartment buildings. Back then, it was the federal government’s “MURB” program (Multiple Unit Residential Buildings) that encoura…

Purpose-Built Rental Boom

2016-01-18

Other Not since the 1970s has Vancouver seen the surge in investment in purpose-built rental apartment buildings. Back then, it was the federal government’s “MURB” program (Multiple Unit Residential Buildings) that encoura…

BC home sales hit new record

2016-01-18

Steve Randall Other Home sales in British Columbia hit a new record in December. The BC Real Estate Association reports that there were 6,590 homes were sold in the month through its MLS system, up almost 30 per cent year-over-year while to…

Meet the agent who is taking the luxury market by storm

2016-01-18

Justin da Rosa Other It’s a red-hot market – and one that is incredibly lucrative. Are there any secrets to success? In short – no; at least according to this one expert. “It is not easy to break into the luxury mark…

Vancouver House 1480 Howe Street 388 units in a 59 storey tower by Westbank

2016-01-15

Other Download Document

Metro Vancouver home sales set an all-time record in 2015

2016-01-15

REBGV Other In a year when the number of homes listed for sale was below historical averages, actual home sales in Metro Vancouver set a new record. The Real Estate Board of Greater Vancouver (REBGV) reports that 2015 home sales were the hi…

B.C. government mulls housing market cooling measures

2016-01-15

Ephraim Vecina Other With the upcoming preparation and approval of its budget next month, the British Columbian government is set to tackle housing relief as a primary concern. Premier Christy Clark said on Tuesday (January 12) that luxury …

What's in store for the Canadian housing market in 2016?

2016-01-15

Ephraim Vecina Other The Canadian housing market is expected to grow at an average of 2.5 per cent this year, according to two new reports released on Wednesday (January 13). The figure represents a more moderate pace compared to that of pr…

Prices to take a hit in already struggling market

2016-01-15

Justin da Rosa Other The latest data confirms agents’ fears in one hard-hit market. Housing in Calgary will be “weak,” according to the Calgary Real Estate Board which cites continued economic volatility as the reason. &ld…

December Smashes Home Sales Record and 2015 Enters Record Book

2016-01-15

BCREA Other The British Columbia Real Estate Association (BCREA) reports that a record number of home sales were recorded in the province for the month of December. A total of 6,590 residential unit sales were recorded by the Multiple Listi…