Real Estate News & Articles

Yellow Pages acquires ComFree/DuProprio for $50 million

2015-06-23

Other Just as one large media company, Rogers, exits the residential real estate business, another one is about to enter. Yellow Pages Limited will acquire the ComFree/DuProprio Network from Square Victoria Digital Properties for a “t…

Six Key Things to Consider Before Buying Your Family Home

2015-06-23

What you loved in your first home might not work with a growing family. Local agent (and mom of two) Lindsie Tomlinson explains what you need to consider Lindsie Tomlinson Other There comes a time in every parent’s life when the home …

Recreational Property Market Heating Up Across BC

2015-06-23

With the arrival of summer, the dream of cabin ownership is top of mind. REW took a look at what's cooking in the BC recreational property market Susan M Boyce Other Summer’s here, and it’s not just the mercury that’s risi…

Phil Soper, Gurinder Sandhu on the Zoocasa closing

2015-06-22

Danny Kucharsky Other The shutdown of Zoocasa should come as no surprise because it was operating with a business model that was unsustainable, say top executives at Canada’s largest real estate brokerages. “We thought (the clos…

Renewed calls for data on foreign property investors

2015-06-22

Steve Randall Other The topic never goes away for long; the effect of foreign investors on Canada’s property market, particularly homes in Vancouver and Toronto. The debate is currently a hot political issue between Vancouver Mayor Gr…

Will Bitcoin replace mortgage lenders?

2015-06-22

Steve Randall Other The Canadian Senate has issued a report that regulation of growing digital currencies such as Bitcoin, should be done with a “light touch”. Those who have already fallen in love with virtual currencies enthus…

Gap between low and high-rise homes widens in Toronto

2015-06-19

Steve Randall Other The cost of land in Toronto is widening the gap between prices of houses and condos in the city. A report from the Building Industry and Land Development Association shows that, while the average cost of a condo is much …

Another Zoocasa? Yellow pages online service picking up where Zoocasa left

2015-06-19

Jordan Maxwell Other A wave of new digital services designed to make the home-buying process easier is drawing criticism from agents concerned the offerings undermine their businesses. “They are no longer relevant to consumers seeking…

Trapp-Holbrook 702 Columbia Street New Westminster 196 homes in 20-storey tower by The Salient Group

2015-06-18

Justin Beddall Other Download Document

Dunbar: Vancouver's hottest flipping market

2015-06-18

Average house prices in Dunbar rose 9.1 per cent in past year Frank O'Brien Van. Courier Approximately 20 per cent of Vancouver detached-housing sales can be defined as flips — the buying and selling of a property in less than 12 mont…

BC home Sales Continue at Brisk Pace

2015-06-18

BCREA Other Download Document

Developer predicts surge in construction of homes for senior

2015-06-18

Steve Randall Other Construction in one property sector is about to surge, according to developer Luc Maurice. The Quebec builder says that he expects the building of homes for seniors to see large increases in the coming years and to be va…

A Strategic Plan for BC REALTORS

2015-06-18

Other Download Document

Snowbirds shut out of the market

2015-06-18

Jordan Maxwell Other Canadians investors looking to get into the Florida real estate market are finding it increasingly tough to locate properties in the Sunshine State as younger buyers fuel demand, pricing others out of the market. &ldquo…

War against foreign buyers hits agent

2015-06-17

Jordan Maxwell Other A Chinese real estate agent in B.C. whose bus-stop bench ads were vandalized with anti-immigrant slurs and racist graffiti is drawing strong reactions from associations that called the vandalism ‘unacceptable.&rsq…

Rental vacancies “stable” but not everywhere says CMHC

2015-06-16

Steve Randall Other The Canada Mortgage and Housing Corporation’s latest assessment of the rental apartment market shows that national vacancy rates are stable; 2.9 per cent across the 35 major centres, compared to 2.7 per cent a year…

Vancouver Real Estate Investors Sitting Pretty as Rental Vacancies Drop: CMHC

2015-06-16

Victoria and Vancouver rental vacancies are second and third lowest in the country, and rental prices keep climbing, says CMHC report Joannah Connolly Other As real estate prices continue to hit record highs, increasing pressure is being pu…

CREA releases May home sale stats

2015-06-15

Jordan Maxwell Other Home sales were up 3.1 per cent in Canada as Western provinces continue to rebound, a sign that concerns of uncertainty may be easing, according to the latest stats from the Canadian Real Estate Association. “Sale…

Google injunction to block website from search results upheld by B.C. Court of Appeal

2015-06-12

B.C. Court of Appeal judges says search giant must comply with court order Other The B.C. Court of Appeal has upheld a decision ordering Google to remove a company's website from its search engine results worldwide. Goog…

Agents react to Zoocasa closure

2015-06-12

Jordan Maxwell Other The announcement of Zoocasa’s closure sent agents into a frenzy as many called the shutdown an inevitable scenario for the online brokerage; however, some are stepping up in favour of the service.  “Zoo…

Condos vacancies worry agents

2015-06-12

Jordan Maxwell Other More than 2,800 condos were available for purchase or rent last month in Toronto, but failed to move to closing. It’s a sign, say some analysts, that buyers are speculating more on condos as a solid investment opt…

Bank of Canada: Risk of housing crash, but not imminent

2015-06-12

Steve Randal Other The Bank of Canada published its latest semi-annual review of the country’s financial system Thursday which concluded that risk is slightly higher than it was in December although the system is generally stable. Hou…

First-time buyers are ready to get on the ladder

2015-06-12

Steve Randall Other First-time homebuyers in Canada believe that now is the right time to get on the property ladder, according to a new poll by mortgage lender RBC. It showed that out of the one in four Canadians who plan to buy a home in …

No need for policy on foreign investment says BCREA

2015-06-11

Other The British Columbia Real Estate Association has published a report on the implications of foreign buyers on the housing market in the province. It has concluded that there is no need for government action to tackle the issue at this …