Real Estate News & Articles

Bank of Canada rate increase of 0.25% each appear plausible by the end of 2023

2022-03-16

Bank of Canada hike: Have borrowers views on the market changed Fergal McAlinden other A number of factors are set to weigh on affordability in the mortgage market in the near future After months of speculation, the inevitable finally arriv…

CREA reports new listing increased by 23.7% in 2022

2022-03-16

2022 Competitive Market Continues as Buyers Scoop Up Influx of New Listings Daniel Crook other Despite a sharp uptake in new listings, buyers will continue facing strong competition if they’re looking to buy in today’s market, a…

CREA reports new listing increased by 23.7% in month-over-month

2022-03-16

2022 Competitive Market Continues as Buyers Scoop Up Influx of New Listings Daniel Crook other   Despite a sharp uptake in new listings, buyers will continue facing strong competition if they’re looking to buy in today’s ma…

Homes on the market was up by over 23%

2022-03-15

Canadian home prices hit new record high Fergal McAlinden other The average cost of a home across the country has surged by more than 20% in the past year The average price of a Canadian home hit a new milestone high in February, clocking i…

Android banking Trojan "Escobar" replaces "Aberebot" with new capabilities

2022-03-15

Escobar is the new Android banking Trojan we've met before Jovi Umawing other   Aberebot, a known Android banking Trojan, has changed its name and returned loaded with new features. First spotted by @MalwareHunterTeam in earl…

Direct impact of mortgage professionals in 2022

2022-03-14

Credit reporting trends: what brokers need to keep in mind Fergal McAlinden other Equifax executive on some of the developments that could be on the way   A host of developments on the credit reporting front are set to have a direct im…

Bank of Nova Scotia moved from buy rating to a hold |Mario Mendonca

2022-03-11

Scotiabank rating downgraded amid multiple unique risks Ephraim Vecina other

Firm Capital MIC net income increased by 5.7 percent in Q4 2021

2022-03-11

Firm Capital MIC announces robust Q4, year-round results Ephraim Vecina other The corporation especially benefited from higher interest income Firm Capital Mortgage Investment Corporation has announced strong results for the three and 12 mo…

A trend that will impede economic growth by categories | McKay

2022-03-10

RBC: Revenge spending to run into inflation without growth Ephraim Vecina other The possibility of stagflation is very real in the current environment, RBC CEO says   An emerging risk of Canadian consumers spending their pent-up pandem…

18,200 square feet multi-family rental in Burnaby sells for $8.8 million

2022-03-10

Burnaby 26-unit multi-family rental sells for $8.8 million Macdonald Commercial Western Investor Villa Fortuna, in the popular shopping district of Burnaby Heights and close to Simon Fraser University, sold for $1.8 million above its assess…

New data insights in Greater Toronto pre construction market in hot spot

2022-03-10

9,750 new construction condo units may launch in the GTA by end of Q1-2022 Michelle McNally Livabl Since the first Toronto condo project kicked off sales just six days into 2022, the Greater Toronto Area pre-construction market has been hot…

3-acres mini-storage sells for $27.5 Million located in 800 Boyd Street, New Westminster

2022-03-10

844-unit New Westminster mini-storage sells for $27.5 million Western Investor Staff Western Investor Located in Queensborough area of New Westminster B.C., the property is on three acres with expansion potential Property type: Mini-storage…

3 acres mini-storage in New Westminster sells for $27.5 million

2022-03-10

844-unit New Westminster mini-storage sells for $27.5 million Colliers, Vancouver Western Investor Located in Queensborough area of New Westminster B.C., the property is on three acres with expansion potential Property type: Mini-storage Lo…

43,734 square feet industrial property in Chilliwack sells for $3.29 million

2022-03-09

One acre of Chilliwack industrial sells for $3.29 million Homelife Advantage Realty Ltd Western Investor Land zoned for light industrial with easy access to Trans-Canada Highway sold for the full asking price. Property type: Industrial Loca…

Monthly sales and new listing setting up for intense market condition

2022-03-09

March's Greater Vancouver housing market on track to be 'barnburner' Michelle McNally Livabl With February having come and gone, Vancouver’s housing market could be a “barnburner in March,” marking one of the busiest month…

Canada's housing market describes as overheated during 2021 | CMHC

2022-03-08

"Encouraging" signs for GTA market: RE/MAX president Fergal McAlinden other The company has launched its Quarter Century Market Report, shining a light on Toronto’s scorching real estate market   There are “encouraging&rdqu…

MLI Select uses a point system to rate a rental housing provider's

2022-03-08

CMHC launches latest multi-unit insurance offering Ephraim Vecina other The new product incentivizes rental supply preservation and creation, it says   Canada Mortgage and Housing Corporation has announced the launch of its latest mult…

60-storey mixed-use rental tower in Western Canada

2022-03-08

Grosvenor gets greenlight for a car-free Brentwood development Western Investor Staff Western Investor Near-eight-acre pedestrian-friendly Burnaby proposal plans 3,450 homes with six towers, including a 60-storey rental high-rise, and 200,0…

BoC introduced its first policy rate increase since 2018

2022-03-08

Another Bank of Canada rate hike likely in April: BMO economist Fergal McAlinden other The Bank's first rate jump since 2018 is unlikely to be its last   The Bank of Canada introduced its first policy rate increases since 2018 in its l…

Phenomenal demand excites to take this project forward to build it out | Kevin Layden

2022-03-07

Wesbild hits paydirt with Vancouver industrial build Frank O'Brien Western Investor First of two stacked 170,000-square foot industrial-office buildings nearly sold out as groundbreaking begins First of two stacked 170,000-square foot indus…

Injecting "new uncertainty" into the global economy : Tiff Macklem

2022-03-07

Russia-Ukraine crisis: How will it impact Canadas economy? Fergal McAlinden other The conflict has sparked a sanctions regime against Russia and left financial markets reeling   It’s a development described by Bank of Canada gove…

Majority of drop was a multi-family component -18.5%

2022-03-07

StatCan: Values of most building permits drop Ephraim Vecina other The most prominent declines were seen in Ontario and BC Construction intentions nationwide slowed down in January with the total value of building permits seeing an 8.8% dec…

39,600 square feet multi-family rental in Coquitlam sells for $14.75 million

2022-03-04

Coquitlam, B.C., multi-family complex sells at $273K per door Royal Pacific Realty Western Investor Well maintained 54-unit apartment complex on a 39,600 square-foot in Austin Heights neighbourhood sold for $14.75 million at 3.4 per cent ca…

39600 square feet multifamily rental in Coquitlam sells for 1475 million

2022-03-04

Coquitlam BCmultifamily complex sells at 273K per door Royal Pacific Realty Western Investor