Real Estate News & Articles

Housing crash 2016

2016-01-15

Other By now you've likely seen uncountable articles reported from many sources advising that there is a housing bubble and we are headed for a crash.  Here are a few recent reasons why: Until this past year Canada's economy, whil…

BC Homes Sales Smash All December Records as Prices Breach $700K: BCREA

2016-01-15

Province posts highest number of residential unit transactions ever recorded for the month of December, propping up weaker Canadian markets Joannah Connolly Other Home sales across BC smashed all December records, according to BC Real Estat…

Park & Metro 7928 Yukon Street 73 units by Marcon

2016-01-14

90 per cent sold Other Download Document

Soaring property assessments destroying Vancouver

2016-01-13

Real estate values are evidence of a system that is unregulated to the point of being socially destructive Allen Garr Van. Courier I  must say, in spite of voluminous commentary to the contrary elsewhere, I find no great pleasure in se…

Hugh Hefner's mansion goes on the market... with a catch

2016-01-13

REP Other The Playboy Mansion will be put up for sale for $200 million next month, Playboy Enterprises announced on Saturday (January 9). The Holmby Hills mansion and its six acres of land will be opened for bidding within February, with on…

Luxury markets booming

2016-01-13

Justin da Rosa Other Now may be the time for agents to break into the luxury housing market – at least in these two specific markets. The luxury market is booming in Toronto and Vancouver, and agents on the fence about delving into th…

Home Prices in Vancouver to Rise Another 9% in 2016: Royal LePage Forecast

2016-01-13

Local real estate set to slow but continue to grow, with detached homes still a hot commodity, predicts brokerage Joannah Connolly Other After a record-breaking year for local real estate, Greater Vancouver home prices are predicted to rise…

Vancouver Rental affordability being torn down

2016-01-12

Michael Mui Other Vancouver has lost more than 400 units of affordable older stock housing to redevelopment over the past seven years. And even with the renter displacement protections offered by city hall, those given the boot can expect r…

Vancouver Leads Country for Growth in 2015 Top-Tier Home Sales: Sotheby?s

2016-01-12

Sales of $1m-plus properties rise 46 per cent last year; sales in the $4m-plus sector increased by more than two thirds, reports luxury brokerage Joannah Connolly Other Soaring home prices, especially at the higher end of the market, meant …

Down Payment Changes as if Feb 15,2016

2016-01-11

Other It was recently announced that the minimum down payment rules for insured mortgages in Canada are changing on purchases after February 15, 2016. These changes have created confusion for consumers, so Fifth Avenue is here to help clari…

Migration to quality downtown commercial sites projected to continue with low dollar, deep local talent pool drawing interest from abroad

2016-01-11

Tech to drive city core office demand Kirk Kuester Other Office/commercial With just over 1.7 million square feet of office space entering the Vancouver market in 2015, several new buildings were added to the skyline, including MNP Tower, T…

Why use a real estate agent

2016-01-11

Other A licensed real estate professional's job is to represent you in any and all real estate transactions. They have the experience and know-how to make your home selling and buying experience enjoyable. A REALTOR® can help you determ…

Canadian Housing Starts - January 11, 2016

2016-01-11

Other Canadian housing starts closed the year down close to 20 per cent, falling from 212,028 units at a seasonally adjusted annual rate (SAAR) in November to 172,965 units SAAR in December.  The six-month trend in Canadian h…

Influx of migrating Canadians could lead to big bucks for investors

2016-01-08

Justin da Rosa Other One market’s woes could mean good fortune for investor’s in another major market, according to one industry veteran. Real estate professionals are bullish on the Toronto market for investors this year, as sa…

Record year for Toronto home sales

2016-01-07

Steve Randall Other The Toronto Real Estate Board reported its second best sales for December in 2015, which completed a record breaking year for the region’s realtors. MLS sales in the GTA of 4,945 in December took the year’s t…

China's market turmoil likely to have impact on B.C. real estate, say economists

2016-01-07

Chuck Chiang The Vancouver Sun A screen in Shanghai shows Chinese stock prices in steep decline before being brought to a halt on Thursday. It was the second market halt in the four trading days of 2016. Photograph by: ChinaFotoPress , Gett…

REBGV December Stats

2016-01-06

Other Download Document

B.C. increases homeowner grant threshold to $1.2 million as property values rise

2016-01-06

Other As the average selling price for single-family homes in Vancouver surpasses $2.5 million, the provincial government moved Tuesday to ensure residents with property assessed at less than half that amount are eligible for homeowner gran…

Expectations Vs. Reality: A Vancouver Home Buyer?s Guide to Being Realistic

2016-01-06

If you?re hoping to buy a Vancouver home this year, you may have to adjust your aspirations ? but it?s worth it, says local agent Barry Magee Barry Magee Other Being realistic is often difficult for people looking to buy a home in Vancouver…

C Raises Property Tax Grant Threshold in Wake of Soaring Values

2016-01-06

Following release of BC Assessment figures revealing skyrocketing home values, province moves to help with rising property taxes REW Other With Vancouver home values up 17 per cent over the past year, and the benchmark price for a single-fa…

Millennials a force to be reckoned with in real estate market

2016-01-06

Other With millennials comprising about 25 per cent of Canada’s population, this segment is poised to outstrip their baby boomer parents in the real estate market as they start moving into their family-rearing years and purchase homes…

RBC will raise mortgage rates Friday

2016-01-06

Steve Randall Other The Royal Bank of Canada says it will increase rates on some mortgages from Friday. Fixed mortgages of between 2 and 5 years will rise by 10 basis points while 5-year loans will rise by 15 per cent. While the federal reg…

Top 10 China trends to watch in 2016

2016-01-06

We?re almost a week into the brand new year, and 2016 ? the year of the Fire Monkey1 ? will be a year of action, especially for China and the Chinese market. Juwai Other We round up and share 10 hot China trends to watch for in the months t…

53 neighbourhoods join Metro Vancouver's million dollar club

2016-01-06

Analyst cites trickle-down effect as people flee to suburbs seeking elusive affordable homes JOANNE LEE-YOUNG The Vancouver Sun A home in the humble Lynnmour neighbourhood of North Vancouver, one of the 53 neighbourhoods that have joined th…