Real Estate News & Articles

Metro Vancouver land unavailability could lead to more volatile rents | Analysts

2022-03-31

Lack of land has price of renting industrial land rising almost weekly in Metro Vancouver Joanne Lee-Young The Vancouver Sun Even at the fringes of Metro Vancouver, demand for industrial space is hot and averages prices have hit a record hi…

New residential development applications that would bring additional housing to Vancouver

2022-03-31

City of Vancouver makes headway on new development application backlog Michelle McNally Livabl More homes could be reviewed, approved and built soon as the City of Vancouver makes its way through a glut of new residential development applic…

Lower Mainland's commercial real estate market reached the second-highest annual total on record in 2021

2022-03-31

Commercial real estate sales heightened in 2021 REBGV Staff other Sales activity in the Lower Mainland’s commercial real estate market reached the second-highest annual total on record in 2021. There were 2,659 commercial real estate …

1.2 acres office in Calgary sells for $367 per square foot

2022-03-31

Calgary 50,000-square-foot office building sells for $18.35 million Calgary Municipal Land Corp. Western Investor New downtown building on 1.2 acres is known as the Platform Innovation Centre & Parkade, and the buyer will occupy the off…

What will be the impact in the future housing and mortgage markets?

2022-03-30

Liberal-NDP deal: What does it mean for the housing market? Fergal McAlinden other The agreement should see Prime Minister Justin Trudeau remain in power until at least 2025   After securing another minority government in last Septembe…

How BC can solve the wicked problem of housing affordability

2022-03-30

Is housing supply keeping up with demand? Municipalities disagree with Housing Minister David Eby REBGV Staff other   At a glance Housing Minister David Eby believes red tape at the municipal level is restricting new housing supply. Th…

Is it worth to buy property during pandemic?

2022-03-30

Investors buy and build hotels as B.C.'s COVID-19 restrictions lift Glen Korstom Western Investor Province had more hotel transactions in 2021 than any other year in the past decade, with 39 deals valued at more than $1 million each The for…

BC's housing affordability issues while public concern about the risk face in markets

2022-03-29

BCREA Addresses Minister Robinson's Announcement Darlene Hyde BCREA Yesterday, Minister of Finance Selina Robinson announced plans to amend the Property Law Act to pave the way for the introduction of a "Homebuyer Protection Period" in real…

Equity mortgage program was "simply failing" | MPC

2022-03-29

Why enticements for first-time buyers are failing Ephraim Vecina other "Almost all clients dislike the idea of becoming a co-homeowner with the government, if they can avoid it” An early promise of the federal government’s First…

Central bank is "prepared to act forcefully" to keep inflation within it's target | Kozicki

2022-03-29

Industry observers weigh in on the likely stronger BoC rate hikes this year Ephraim Vecina other A more "hawkish" tone paves the way for more aggressive moves, analysts say Traders have priced in approximately a 75% chance that the Bank of …

Buyers feeling pressure in our overheated housing market

2022-03-29

B.C.'s Homebuyer Protection Period won't be in place until late spring The Vancouver Sun Staff The Vancouver Sun No decision yet on how long the cooling off period will be and what penalties may apply   If you're buying a home in Metro…

Cooling-off period to provide homebuyer protection in hot market

2022-03-28

'Cooling-off' time coming for homebuyers but details yet to be worked out Peter Mitham Western Investor Regional approach possible, similar to foreign buyer and vacancy taxes   B.C. Finance Minister Selina Robinson. | File photo A cool…

$230 Million redevelopment plans for University Heights shopping centre in Saanich

2022-03-28

Victoria shopping centre sold to U.S. firm prior to redevelopment Carl Wilson Western Investor B.C. acquisition marks South Carolina-based Greystar's first purchase in Canada   Artist's rendering of redevelopment plans for University H…

Metro Vancouver construction cost hit $500 per square foot

2022-03-28

'Unprecedented' construction costs jeopardize projects Peter Mitham Business in Vancouver Some Metro Vancouver developers are taking their cash elsewhere as margins disappear Construction costs can hit $500 per square foot or more in Metro …

New mandatory "cooling-off period" for BC home sales won't work

2022-03-26

OPINION:Spare us the stupid ideas to fix the housing problem Frank O'Brien Western Investor No, a cooling-off period, teeny-tiny houses, punitive taxes or $500,000 suites for the homeless won’t create more affordable housing in Britis…

9.9 acres land sells for $8.2 Million located in 31061 Gunn Avenue, Mission, B.C.

2022-03-25

Mission 9.9-acre potential townhome site sells for $8.2 million HomeLife Advantage Realty Western Investor Located in the Silverdale area, the land could host townhomes or single-family houses under development plans expected to finalize in…

HELOC requests increased by 55% annually in 2021, and 14% of total requests in Ratehub

2022-03-25

Poll: Variable-rate offerings seeing greater popularity Ephraim Vecina other Canada's fixed rates have seen their first increases since the pandemic took hold, Ratehub.ca says Attesting to the product’s increasing desirability in the …

Ontario government proposes stricter penalties for developers who break ethics code

2022-03-25

Ontario to impose harsher penalties for "unethical" condo developers Ephraim Vecina other Provincial government sets its sights on price gouging and other unsavoury practices The Ontario government has announced that it will be implementing…

One day sales of city owned land in Thompson

2022-03-25

Thompson sold city lots from $2.25 per square foot Ian Graham Western Investor Price was more than twice what the buyer had offered for the vacant sites   One of the largest one-day sales of city-owned land in Thompson, Manitoba, revea…

Metro Vancouver hit $500 per square foot construction cost

2022-03-25

"Unprecedented" construction costs jeopardize projects Peter Mitham Western Investor Some Metro Vancouver developers are taking their cash elsewhere as margins disappear   Construction costs can hit $500 per square foot or more in Metr…

39,325 square feet land assembly at Langley sells for $9.12 million

2022-03-24

Langley six-lot land assembly sells for $9.1 million Regent Park Realty Inc. Western Investor The 0.90-acre parcel is currently zoned for a maximum multi-family density of FSR2.1, equating to a sale price of $110 per-square-foot buildable. …

Highly active month in February for Greater Toronto new home market

2022-03-24

Greater Toronto Area market activity: what's the latest? Ephraim Vecina other The condo segment continues to drive much of the market's new home sales   The new home market in the Greater Toronto Area saw another highly active month in…

1 Million square-foot Uxborough mixed-use development in Calgary

2022-03-23

Daycare vital to first phase of Calgary office project Frank O'Brien Western Investor The 10,000-square-foot space close to major employers could generate more than $300,000 per month and help retain and recruit office tenants and employees…

B.C. home sales increased, helped boost their economy

2022-03-23

Hot housing market plays key role in 2022 B.C. budget Ryan Garner Livabl   British Columbia’s housing market hits record highs in sales and prices during 2021, while the resulting property transfer taxes helped bolster the p…