Real Estate News & Articles

Ontario housing market 25% overvalued

2015-05-06

Jennifer Paterson Other It’s been said before, but it seems the chorus is contagious – yet another report is calling the Ontario housing market overvalued. The Fitch Ratings report argues the province’s home prices are app…

Vancouver needs to get tough on house prices says professor

2015-05-06

Jamie Henry Other An academic says that there needs to be tougher regulation on housing in Vancouver to curb rising prices. Professor David Ley of the University of B.C. says that Vancouver is “out of phase” with other large cit…

Vancouver housing activist slams condo project at 1171 Jervis for having one entrance for the condo owners and one entrance for the Social Housing Unit renters #LesTwarog

2015-05-06

Naoibh O'Connor Van. Courier A May 4th tweet under the @CityHallWchVan handle created a firestorm this week by calling attention to a new West End condominium project that features a separate door for the social housing units — a so-c…

Average Vancouver home now 12.5 per cent more expensive #LesTwarog

2015-05-05

Jamie Henry Other House prices in Vancouver have increased again with the average cost of a detached home rising 12.5 per cent in April to $1.08 million with the benchmark for a typical home now at $673,000. The Real Estate Board of Greater…

Agents call for crackdown on foreign ownership

2015-05-05

Olivia D'Orazio Other Agents concerned with the levels of foreign ownership in Canada are pointing to a model used in Australia to keep the market from overheating. “I think it’s something to consider because real estate is mean…

Sales down, prices up: is this a stable market?

2015-05-05

Olivia D'Orazio Other Ahead of today’s provincial election, a new housing report is showing signs of a relatively stable market, despite lower oil values and fewer sales. According to the Edmonton Real Estate Board, sales during the m…

Vancouver prices reach milestone overall sales in April were up 37%

2015-05-04

Olivia D'Orazio Other There’s no stopping buyers in Vancouver’s red-hot market, with agents revelling in spring sales up 30 per cent over the 10-year average. Overall sales during the month of April were up 37 per cent from the …

Toronto is world leader for luxury real estate

2015-05-01

Jamie Henry Other A new report shows that Toronto is the one city with the hottest growth in  luxury real estate. Christies International’s study also revealed that the new benchmark for high-end homes is U$100 million with a rec…

Vancouver real estate market at low risk of correction

2015-04-30

Despite high prices, demand for housing is supported by a growing population Emma Crawford Hampel Van. Courier Vancouver has the nation’s highest real estate prices but the city’s market is unlikely to see a correction, accordin…

Bank of Canada's governor Stephen Poloz rejects talk of a housing “bubble”

2015-04-29

Jamie Henry Other The Bank of Canada’s governor has rejected the idea that there is a housing bubble in parts of the country. Stephen Poloz was appearing before a House of Commons finance committee on Tuesday to defend the central ban…

Vancouver could benefit from slimmer homes

2015-04-29

Jamie Henry Other A detached house in Vancouver has sold for $1.35 million despite being just 3.6 metres (12 feet) wide. The Point Grey split level residence was built in the late 1980s on a half-size lot. The four-levels totalling just 945…

CAVEAT EMPTOR DOES NOT ALWAYS PROTECT THE SELLER #LesTwarog

2015-04-25

BCREA Other In a recent case, the plaintiff offered to purchase a property "subject to inspection." A Property Disclosure Statement (PDS) accompanied the Contract of Purchase and Sale wherein the sellers had answered negatively to whether t…

How to Avoid Home Buyer’s Remorse

2015-04-25

Other Buyer's remorse is an emotional response that many homebuyers experience during the course of a real estate transaction. The response can take various forms such as feelings of regret, fear, depression or anxiety. Many doubtful questi…

Investors look to the Fraser Valley for investment opportunities in single family detached homes and townhouses

2015-04-23

Vancouver’s loss is hotspot’s gain Jennifer Paterson Other As the lofty house prices in the Vancouver become more unattainable, B.C.-based investors should look to the Fraser Valley for investment opportunities, say experts. &ld…

Could Canada’s hottest cities be about to crash?

2015-04-22

Olivia D'Orazio Other The growth that markets like Toronto and Vancouver are experiencing is – by most accounts – unsustainable, but should sales reps in those cities prepare for a crash? “It’s a fair question, and &…

Research identifies 'best day' to sell real estate starting with May 1

2015-04-22

Olivia D'Orazio Other Looking at historical sales data, The Red Pin has determined Friday, May 1 to be the best day to sell a house.   That first day of May – which is just a week and a half away – could net you a higher se…

When it’s time for a price reduction

2015-04-17

Bruce Keith Other Often the seller refuses to reduce their price, even though no buyer has shown significant interest. Now what to do? Your next strategy should be to ask some tough questions. Here are four good ones to consider: …

Toronto, Vancouver prices soaring says Re/Max

2015-04-17

Jamie Henry Other A new report from Re/Max shows that first-quarter home prices in Toronto and Vancouver increased sharply. In Vancouver, a seven per cent rise in prices in a year means an average sale price of $874,869, while in Toronto th…

BC market booms in March helped by Alberta’s woes

2015-04-17

Jamie Henry Other While Alberta’s economic concerns over the oil industry continue it seems that the situation is good news for neighbours in British Columbia. While times have been good in the energy sector, workers from B.C. have be…

Toronto home sales up this month as market stays tight

2015-04-17

Jennifer Paterson Other New figures that show listings were down and sales were up in the GTA so far in April continue to drive the conversation around the need to balance supply and demand in this hot market. The Toronto Real Estate Board …

CityHomes 1777 56th Street Tssawwassen 41 boutique low-rise residences

2015-04-16

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BC Home Sales Up 37.6% in March, Prices Up 14%

2015-04-16

Joannah Connolly Other As in Vancouver and the Fraser Valley, the province as a whole had a case of spring fever when it came to real estate transactions in March, judging by the British Columbia Real Estate Association (BCREA) figures rele…

St. Paul's moving to False Creek Flats at a price of $1 Billion

2015-04-16

Mike Howell Van. Courier Attended a news conference Monday where Providence Health Care officials unveiled plans to build a new “state-of-the-art” hospital on the False Creek Flats. No surprise, there were many doctors there. Al…

BC Home Sales Post Strongest March in Eight Years

2015-04-16

BCREA Other Download Document