Real Estate News & Articles

Vancouver Homes Sales in 2015 Break Records, Rise 28%: REBGV

2016-01-05

Highest total of residential property sales for one year on record, says board, and benchmark prices up 33.6 per cent year over year Joannah Connolly Other 2015 was a record-breaking year for Greater Vancouver real estate, with sales totall…

Mortgage Down Payments

2016-01-04

Other 1. Homebuyers will have to put 10% down on the  portion  of the price over $500,000  *If client purchases a home for $750,000, they would have to put down 5% on $500,000 ($25,000) and 10% on the additional $250,000 ($25…

Millennials to drive real estate growth

2016-01-04

Steve Randall Other Millennials are set to drive growth in Canada’s housing market, perhaps to a greater extent than their parents did. That’s according to the Canada Mortgage and Housing Corporation’s Dana Senagama who to…

Vancouver single-family property assessments jump dramatically

2016-01-04

Naoibh O?Connor Van. Courier Assessed values of both Vancouver east and west side single-family properties climbed dramatically over the previous year, according to B.C. Assessment . It released its annual assessment figures Jan. 4 and it p…

2016 Real Estate Market Outlook

2016-01-04

With price gaps between different property types and market segments widening, buyers will turn to condos even more than this year Joannah Connolly Other BC and Lower Mainland Market After a year in which home sales across BC rose more than…

Real Estate prices weigh on consumer confidence

2015-12-30

Steve Randall Other Concern that real estate prices are likely to slow in 2016 has led to a further drop in the weekly Canadian Consumer Confidence Index. The poll, by Bloomberg and Nanos Research saw a drop to 54.54 in the week ending Dec …

Canadians remain optimistic about 2016

2015-12-30

Steve Randall Other As we prepare to enter a new year with oil prices still low, US interest rates rising and concern over the rate of global growth, it seems that most Canadians are remaining positive. A poll commissioned by Global News an…

Drivers for purpose-built rentals include historically low cap rates, high demand from investors, low interest rates and low vacancy rates.

2015-12-22

Other Purpose-built rentals have been a hot topic in the media lately and a big topic of conversation amongst industry professionals in Canadian cities across the country. Drivers for these purpose-built rentals include historically low cap…

Results of CMHC's Survey of Foreign Ownership in Condominiums in Canada

2015-12-20

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Utilizing the RE/MAX 2016 Housing Market Outlook Report

2015-12-16

Other Highlights of this year's report: The RE/MAX 2016 price projection for the average residential sale price is 2.5%, based on continued demand in Greater Vancouver and the Greater Toronto Area Many regions in Canada posted year-over-yea…

Canada realtor marketing homes directly to Chinese buyers

2015-12-14

Ryan Smith Other Last month, Canadian Mortgage and Housing Corp. chief executive Evan Siddall said that foreign buyers might be responsible for a “substantial portion” of luxury home purchases in Canada’s hottest markets. …

November Home Sales Second Strongest on Record

2015-12-14

Other The British Columbia Real Estate Association (BCREA) reports that a total of 8,032 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 34.5 per cent from the same month last year. Total…

Home Sales Across BC Up 34.5% in 2015?s Super-November: BCREA

2015-12-14

With transactions and average prices both rising, sales dollar volume is up 56.4 per cent year over year, says association Joannah Connolly Other As in Greater Vancouver and the Fraser Valley, BC home sales saw the second strongest November…

Finance minister announces down payment rule changes for mortgages house price above $500,000

2015-12-11

Justin da Rosa Other New down payment rules will go into effective February 15, 2016. “The Government’s role in housing is to set and maintain a framework that is equitable, stable and sustainable. The actions taken today pruden…

Minimum Down Payment by Home Purchase Price: Existing and New Eligibility Rules

2015-12-11

Recent Actions by Minister of Finance Aimed at Responsible Homeownership Other TORONTO, Dec. 11, 2015 /CNW/ - The Minister of Finance announced today a change to the eligibility rules for new government-backed insured mortgages on prop…

BCREA Mortgage Rate Forecast

2015-12-10

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Vancouver Will See Canada?s Steepest House Price Rises Again in 2016: RE/MAX

2015-12-10

Demand showing no signs of waning, although price rise in metropolitan area will be slower than the 17 per cent seen in 2015, predicts brokerage Joannah Connolly Other With home prices in Greater Vancouver up more than 17 per cent year over…

The High Demand for Townhomes

2015-12-10

Other Courting townhomes Mosaic Avenue Realty Ltd. has picked up a 7.1-acre development site in the Baycrest area of Burke Mountain in Coquitlam from Harwood Group for $15.3 million. Mosaic must rezone the site prior to starting constructio…

Vancouver's affordability crisis only getting worse

2015-12-09

Allen Garr Van. Courier Housing affordability, which started as an “issue” before becoming a “problem” and finally a “crisis,” shows every sign of simply getting worse. And it doesn’t really matter …

Early Warnings Issued Over High-Growth Property Assessments: BC Assessment

2015-12-09

Property assessment agency sends out early letters to owners of properties that are seeing far-above-average increases for 2016 Joannah Connolly Other Owners of homes that saw a significant increase in value up in the first half of 2015 wil…

Toronto sales set new record up 14 per cent in November from a year ago

2015-12-04

Steve Randall Other Sales in the Greater Toronto Area were 14 per cent higher in November 2015 compared to a year earlier. The Toronto Real Estate Board says that the 7,385 sales through its MLS was a new record for the month. For the first…

Foreign investor stats revealed

2015-12-03

CRE Other Foreign owners made up a bigger share of the condominium markets in Toronto and Vancouver over the last year, according to the nation’s housing agency. Foreign owners of condos comprised 3.5 percent of the market in Vancouve…

November Defies Seasonal Cool-Off for Metro Vancouver Real Estate: REBGV

2015-12-02

Home sales up a staggering 40 per cent year over year despite dearth of listings; prices up nearly 18 per cent, says real estate board Joannah Connolly Other Metro Vancouver real estate sales in November reached near-record levels for the m…

Waterfront Tower by Cadillac Fairview at 555 West Cordova redesigned

2015-12-01

Critic questions short notice of public feedback session Naoibh O?Connor Van. Courier Cadillac Fairview’s controversial Waterfront Tower is being re-imagined to be more sensitive to the historic Waterfront Station and The Landing heri…