Real Estate News & Articles

Canada’s least affordable city is…

2014-11-04

Jamie Henry Other A new quarterly report from Desjardins says that Vancouver is Canada’s least affordable market currently, due to house prices relative to income. Overall the ability of Canadians to afford property has dipped slightl…

CMHC: Canadians’ High Net Worth “Vulnerable to External Economic Risks”

2014-11-04

General shortage of liquid assets means any future recession or wave of job losses could result in flood of homes on the market and drive down prices, CMHC chief economist warns Housing Outlook Conference Joannah Connolly Other Canadians ne…

Real estate in the movies

2014-10-31

Dan St. Yves Other Eventually, screenwriters find a way to work every subject into a movie. Go ahead, think about it – love, war, Spring Break, zombies…Heck, even warring zombies in love on Spring Break. There’s probably …

BC Housing Starts to Hold Steady in 2015: CMHC

2014-10-30

New home supply, MLS resales and prices to edge only slightly higher over the next two years as market remains balanced, according to CMHC's 2015 BC Housing Market Outlook Joannah Connolly Other BC housing starts are forecast to reach 28,30…

What’s Right For You: Townhouse or Condo?

2014-10-23

For first-time buyers, a condo seems the only way to get on the property ladder – but would a townhouse be a better bet? Real estate agent Barry Magee offers advice Barry Magee Other There are so many things to factor into the equatio…

Coal Harbour land sale at 1250 West Hastings pushes record price

2014-10-23

The sale of an 8,250-square-foot (766 square metre) lot in Vancouver’s Coal Harbour for $13.1 million is considered a record price paid for a condominium ... Frank O'Brien Other The sale of an 8,250-square-foot (766 square metre ) lot…

Homeowners are paying down mortgages faster than thought

2014-10-16

Jamie Henry Other TORONTO - A new report suggests that Canadian homeowners are paying down their mortgages faster than they're being given credit for. CIBC deputy chief economist Benjamin Tal says homeowners are taking advantage of record-l…

House prices may be moderating says Royal LePage

2014-10-16

Jamie Henry Other The rise in house prices has begun to ease according to the latest survey from Royal Le Page. The figures show that house prices increased year-over-year up to the third quarter of this year. Condos were at the bottom end …

September sales slowdown; the year’s first decline

2014-10-16

Jamie Henry Other Despite a positive year-over-year result, national home sales were down in September; the first monthly decline since January. New figures from the Canadian Real Estate Board show that nationally in September there was a d…

Scotiabank’s Porter Calls Canada Bubble Fears Overblown

2014-10-11

Greg Quinn Other Canadian concerns about a housing bubble are overblown in a country where credit growth is modest and the job market is stable, says Bank of Nova Scotia Chief Executive Officer Brian Porter. “Bubble is perhaps the mos…

Vancouver’s real estate boom: The rising price of ‘heaven’

2014-10-10

Iain Marlow And Brent Jang Other Qiqi Hong walks past her sleek, blue-tiled hot tub and an infinity pool that seems to disappear like a waterfall into the chilly air above West Vancouver. She leans on the patio railing and breathes in the m…

The Walks at 12091 70th Avenue - townhouses by Scott Hill Developments

2014-10-09

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Anatomy of a deal: the sale of Vancouver’s Olympic Village

2014-10-09

Tallying the winners and losers of Vancouver’s Olympic Village deal Jen St. Denis and Frank O

Spending on renovations outpaces new home construction

2014-10-09

Tara Perkins Other More money was spent renovating homes in Canada than building new ones during the 12 months to the end of June, according to data compiled by the Bank of Montreal. “In the four quarters through [the second quarter],…

New home construction in Canada held relatively steady in September

2014-10-08

BCREA ECONOMICS NOW Other New home construction in Canada held relatively steady in September, rising a slight 0.5 per cent to 197,343 units at a seasonally adjusted annual rate (SAAR). The six-month trend in Canadian housing starts of 197,…

Building permits decline in August; reversing the trend

2014-10-08

Jamie Henry Other Following three months of double-digit increases in the number of building permits issues by municipalities across Canada there was a drop in August. According to the latest data release from Statistics Canada the decline …

China Just Overtook The US As The World's Largest Economy

2014-10-08

Mike Bird Other Sorry, America. China just overtook the US to become the world's largest economy, according to the International Monetary Fund. Chris Giles at the Financial Times flagged up the change . He also alerted us in April that it w…

Lead-Generation Tactics

2014-10-07

Of these 28 lead-generation tactics, each can be effective on its own – but when intelligently used together can be very beneficial Kevin Lynch Other In the course of my work as a real estate skills trainer, I have identified 28 proac…

The value of Canadian building permits fell 27.3 per cent in August

2014-10-07

BCREA ECONOMICS NOW Other The value of Canadian building permits fell 27.3 per cent in August . Prior to Augusts's decline, building permits had posted double-digit increases for three straight months. Lower construction intentions were pri…

Vancouver, BC Post Building Permit Declines: StatCan

2014-10-07

After driving Canada’s record-high building permit values in July, Vancouver and BC’s residential construction permits plummet in August Joannah Connolly Other Following huge gains in the value of residential building permits is…

Eight Steps to Closing the Purchase of Your New Home

2014-10-07

Once you've found your new home, then comes the seemingly tricky bit of lawyers, notaries, searches and contracts. Richard Bell of Bell Alliance explains that it's really quite simple Richard Bell B.A. LL.B Other So, working with your Realt…

The US economy added 248,000 jobs in September

2014-10-03

Other The US economy added 248,000 jobs in September while previous months job growth was revised higher by 69,000 jobs. Over the past 3 month, US payroll growth has averaged 223,000 jobs. The US unemployment rate fell to 5.9 per cent, the …

Meaningful, Affordable Change to the Property Transfer Tax

2014-10-03

BCREA Other Minister of Finance Mike de Jong has made it clear that there’s no room in the provincial budget for new spending. In fact, that’s been the message of his office for several years, and BCREA respects this fiscally-pr…

Myron's Muse9 Townhouses at 23651 132 Avenue Maple Ridge

2014-10-02

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