Real Estate News & Articles

There's no housing bubble, just an overheated market

2010-02-15

Jay Bryan Sun Are home prices getting ahead of themselves in Canada? Almost certainly. Can big price gains go on much longer? Probably not. There's little doubt about this view. It's shared by economic analysts, bankers and even by Canada's…

Buying a property in Canada?

2010-02-14

Other We have access to mortgage products designed for qualified homebuyers who have immigrated to Canada, are relocating to Canada by an employer, or an offshore citizen that would like to invest in the Canadian market. Non-Residents Buyin…

Some types of corner-cutting open doors to conflict

2010-02-14

Tony Gioventu Province Dear Condo Smarts: Our strata had a flood before the holidays where an overloaded washing machine went manic and soaked three units in our building. The council was contacted; it made arrangements for restoration and …

The Erickson, named for legendary architect Arthur Erickson

2010-02-14

A building with a towering twist Province The Erickson, named for legendary architect Arthur Erickson, is located at the westernmost point of the Concord Pacific property at False Creek, and is intended as the crowning point of that master-…

Murray's Landing 22225 50th Ave

2010-02-14

Murray's Landing buyers find life more relaxing after selling large homes Province The Murray's Landing display home. Among its features are crown mouldings, stone fireplaces and granite countertops. Photograph by: Ian Smith, PNG, The Provi…

Time at Walnut Grove

2010-02-13

Langley townhouse's details, large and small, impress Shannon Johnston Mary Frances Hill Sun The Time at walnut Grove homes reflect Craftsman-style architecture, with stone and wood shingle accents. Each comes with a fenced back yard, and a…

No way to cool housing market

2010-02-12

John Morisy Province Easier access to the Multiple Listing Service could negate the impact of mortgage-rule changes currently under debate to cool the country's overheated housing market, Scotia Economics said Thursday. "Indeed, the potenti…

Property tax deferral plan just puts off painful day of reckoning

2010-02-12

Young families need tax cuts. Pay-me-later scheme doesn't make home ownership more affordable -- it just creates that illusion Craig McInnes Sun Scott Hannah sees a lot of young families that are having trouble paying their bills. He is the…

B.C. home sales remain high, less frenetic

2010-02-12

Markets are easing to levels in keeping with the economy Derrick Penner Sun TANNEN MAURY/ BLOOMBERG NEWS FILES Real estate sales in January eased off the frenetic pace markets saw in December across British Columbia, the B.C. Real Estate As…

Erickson's twisted tower on False Creek awaits its inaugural households

2010-02-12

Concord Pacific is a stunning punctuation point for the new False Creek North community Claudia Kwan Sun The Erickson, named for legendary architect Arthur Erickson, is intended as the crowning point in the Concord Pacific neighbourhood bes…

Home sales 27% higher in 4th quarter over last year

2010-02-12

Stephanie Armour USA Today The median sales price for previously-owned homes rose in 67 out of 151 metropolitan areas in the fourth quarter of 2009. By Nati Harnik, AP Home sales posted strong gains in the fourth quarter and prices rose in …

CREA pushes for change in listings rules

2010-02-11

Vito Pilieci Province The Canadian Real Estate Association will ask its members to bow to the demands of the Competition Bureau of Canada and allow easier and possibly cheaper access to its Multiple Listing Service. Association president Da…

Go gourmet for the Games

2010-02-11

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Chinese food gets the brasserie treatment Bao Bei varies from traditional Chinese fare, to good effect

2010-02-11

MIA STAINSBY Sun Tricia Yu ( left) Brent Douglas and Helen Park enjoy their meal at Bao Bei Chinese Brasserie. A family photo hangs in background. STUART DAVIS/ PNG Manitou, steamed buns with braised beef short rib, and manila clams, Vietna…

Median home prices show signs of stability

2010-02-11

Alan Zibel, AP Real Estate Writer USA Today WASHINGTON — Home prices rose in 40% of U.S. cities in the fourth quarter of last year, as massive federal spending helped the housing market show signs of stability, a real estate industry …

January foreclosures up 15% from year ago; surge on way?

2010-02-11

The Associated Press USA Today The number of U.S. households facing foreclosure in January increased 15% from the same month last year, and a surge in cash-strapped homeowners who've fallen behind on mortgages could be on the way. More than…

The $6 million dollar reno: 'We can rebuild it'

2010-02-10

Shaughnessy heritage mansion was gutted, then renovated beyond its former glory Kim Pemberton Sun "Everything's the best of the best," says contractor Brent Repin of Artisan Construction, who worked on the Tudor-style mansion. Because the h…

Street View's cameras take to the slopes of Whistler

2010-02-10

Olympic fans can virtually ski the runs of Whistler-Blackcomb, take a run on the bobsleigh course Gillian Shaw Sun In an image from Google's new Olympic map site, viewers can navigate down parts of the Dave Murray Downhill course at Whistle…

Google gives Gmail a social-networking 'Buzz'

2010-02-10

Internet giant hopes to take on sites like Facebook, Twitter with service allowing updates on friends' activities Glenn Chapman Sun Google is giving its free e-mail service a "Buzz" by adding social-networking features that could challenge …

Underwater mortgages halt some move-up buyers

2010-02-10

Stephanie Armour USA Today Marifran Manzo-Ritchie and her husband, Paul Ritchie, share a laugh in the foyer of their Phoenixville, Pa., home, which they plan to put on the market in the spring. By Eileen Blass, USA TODAY Chris and Candice B…

SLR video camera accessories' sales grow with popularity

2010-02-10

Jefferson Graham USA Today Brian Valente, a partner with Redrock Microsystems, uses a Redrock EyeSpy rig to hold his camera stable while shooting video at the Santa Monica Pier around sunset. By Bob Riha Jr., USA TODAY LOS ANGELES — A…

Record housing prices forecast

2010-02-09

Moves to tighten mortgage rules and curb household debt possible as market picks up steam Garry Marr Province Canadian real-estate sales and prices are poised to set records this year, according to a new forecast which is bound to reignite …

Housing resales to hit annual record in 2010, realtors say

2010-02-09

Sun Housing resales and prices will rise to annual records in 2010, surging to 527,300 units, the Canadian Real Estate Association said Monday. The gain would represent a 13.3-per-cent advance from 2009, and surpass by 1.2 per cent the prev…

Home construction up sharply in January: CMHC

2010-02-09

Many local builders planning multiple projects in 2010 Brian Morton Sun Andrea Camp, Mosaic Homes sales manager, says the company has 'much reason for optimism.' Canada Mortgage and Housing Corp. reports housing starts in Metro Vancouver ar…