Real Estate News & Articles

GTA based on average composite home price index.

2022-05-04

Great News for Buyers - Home Prices are Dropping in the GTA: TRREB Patti Cosgarea other Following the Bank of Canada’s interest rate increase , we are finally seeing the red hot Toronto market begin to cool down, making way for buyers…

Fraser Valley sales dip below 10-year average for first time in nearly two years

2022-05-04

This BC market has seen its first market slowdown in nearly two year... Ephraim Vecina other However, the cooling trend might actually prove beneficial for would-be home buyers Fraser Valley’s monthly sales activity has fallen below t…

Sales were off 41% from last April and down 27% from the month prior |TRREB

2022-05-04

Toronto home sales plunge and prices slide as rising borrowing rates bite Stephanie Hughes The Vancouver Sun Average home price slips to $1.254 million Toronto home prices slid three per cent in April from the month before. Toronto home pri…

41-suite three-storey apartment building located in 3940 Pender Street, Burnaby

2022-05-03

50-year-old Burnaby apartment snapped up after owner slashes price by $1.25M Chris Campbella Western Investor Older real estate in Burnaby is seeing strong interest from buyers. Seton Place is a 41-suite three-storey apartment building loca…

Metro Vancouver home prices remained steady, despite the slowdown in sales in April

2022-05-03

Metro Vancouver home sales fell in April, said real estate board Cheryl Chan The Vancouver Sun The slowdown comes after the Bank of Canada increased interest rates in a bid to tamp down inflation.   Despite the slowdown in sales in Apr…

GoPeer launches personal loans on origination platform

2022-05-03

Personal loans platform sees popularity grow with brokers Fergal McAlinden other Launched in 2020, the company seeks to connect everyday borrowers with individual investors   Eighteen months after launching digital loans platform GoPee…

How are the country's mortgage investment corporations MICs faring?

2022-05-02

What's been happening in Canada's MIC space? Fergal McAlinden other A prominent executive in the sector talks CMP through recent developments As Canada’s mortgage and housing landscapes continue to shift in the midst of rising interes…

Canada's housing market is set to return to some degree of normality | Robert Kavcic

2022-05-02

Is Canada's urban exodus on the wane? Fergal McAlinden other Some signs indicate that Canadians' interest in a home away from the city could be declining   As offices and downtown businesses shut their doors at the onset of the COVID-1…

Vancouver city council to decide whether to increase empty homes tax to five per cent

2022-04-29

Owners of empty homes will pay more in Vancouver Kendra Mangione other It will soon cost more to be the owner of an empty residential property in Vancouver, as a motion for another tax hike is approved. The city's Empty Homes Tax – ch…

3.2 acre Industrial land in Abbotsford sells for $6.5 million

2022-04-29

3.2-acre ALR exclusion in Abbotsford sells for $6.5 million Frontline Real Estate Services Western Investor Recently removed from the Agricultural Land Reserve in West Abbotsford, B.C., the land is now designated for industrial development.…

Vancouver's EHT increase a "big blow to housing speculators" | Kennedy Stewart

2022-04-29

Vancouver empty homes tax to jump to 5% starting in 2023 Michelle McNally Livabl   Vancouver homes that are sitting unoccupied will face higher taxes next year. This week, Vancouver’s City Council unanimously approved Mayor Kenne…

Townhouse decreasing to 22.6 percent compared to other property types.

2022-04-28

GTA home prices cool from February highs heading into spring Michelle McNally Livabl Homebuyers looking in the Greater Toronto Area are no stranger to high prices. Since the COVID-19 pandemic started more than two years ago, prices in Toron…

2022 budget commitments on improving the housing situation | FHSA

2022-04-28

Poll: FHSA impact on first-time buyers' purchases will likely be muted Ephraim Vecina Western Investor Many Canadians say they will not be able to muster enough funds for the federal government's tax-free savings program   More than se…

An aggregate 25.1% increase year on year on housing prices | Royal LePage

2022-04-28

House prices soaring amid continued low supply-high demand Micah Guiao other The first quarter saw the highest gain on record since the index began Canadian house prices saw an aggregate 25.1% year-on-year increase to $856,900 in Q1 2022, m…

10-storey office and retail building coming to No. 3 Road and Leslie Road corner

2022-04-27

Richmond office developer eyes smaller spaces despite density bonus Maria Rantanen Western Investor Pandemic has changed office demand in the Richmond market, developer claims  Bene (No. 3 Road) Development wants to subdivide the upper…

Report finds "missing middle" solution to Metro Vancouver housing crisis

2022-04-27

Census on Metro Vancouver housing shows shift of missing middle families continues unabated Derrick Penner The Vancouver Sun Young families continue to move where more spacious housing is being built, while apartments take over as the housi…

Sustained sales strength and inventory shortfalls in March | Altus Group

2022-04-27

GTA housing market - Robust sales, low supply Ephraim Vecina other However, signs of a generalized market slowdown are looming, observers warn   The GTA new home market saw sustained sales strength and inventory shortfalls in March, ac…

Some ideas of what options for investing in real estate

2022-04-27

How to invest $500k in real estate Corben Grant Canadian Real Estate Wealth   When it comes to real estate, the more money you have, the more options you can find for investing. For those with less money even, there are still options t…

The cheapest and most expensive Vancouver detached homes, townhomes and condos sold over the past month

2022-04-26

Real estate: Most expensive and least expensive homes sold in Vancouver over the past month Staff Reporter The Vancouver Sun The price range for home purchases in Vancouver over the past 30 days was between $295,000 and $17 million. The mos…

Calgary's new multi-family property market reported high levels of demand during the Q1-2022

2022-04-26

Calgary's new multi-family market reports higher presence of Ontario investors Michelle McNally Livabl Cheaper housing, higher wages lure families east The sunshine and beauty are assets, but high housing costs are driving some Okanagan res…

Bank of Canada to weigh new 50 basis-point hike

2022-04-25

BoC considering another 50-basis-point hike: Macklem Fergal McAlinden other The governor says the central bank is prepared to act "forcefully" to tackle the inflation crisis The Bank of Canada is weighing up another oversized rate hike for …

What would be the impact be on Canadian homeowners?

2022-04-25

Will Liberals put a tax on primary residence sales? Corben Grant Canadian Real Estate Wealth One thing that all real estate investors are painfully aware of when they plan on owning a property is the capital gains tax. With the rules curren…

A 32-storey tower with 534,000 square feet set to completed in 2023

2022-04-25

Vancouver office market receiving a post-COVID boost https://rem.ax/39nQ94y Western Investor Tech, life sciences tenants are showing interest in downtown space   B6, set to completed in 2023, is 47 per cent preleased as tenant demand r…

Central bank will hike rates by 1% more, bringing it to two percent by the end of 2022

2022-04-24

RBC Economics says odds of Canadian housing market crash are low but "can't be completely ruled out" Carlito Pablo The Georgia Straight   RBC Economics says home buyers across the country will “feel the pinch of rising rates&rdqu…