Real Estate News & Articles

A 2-storey Kitsilano home sells for $14 Million located in 3197 Point Grey Road, Vancouver

2022-02-09

Kitsilano waterfront home with breathtaking views sells for $14 million Amir Ali other 3197 Point Grey Road, Vancouver (Angell, Hasman & Associates Realty Ltd.) A stunning waterfront home in Kitsilano took the prestigious title of being…

Canada's largest urban centre's growing rapidly

2022-02-09

Suburb population growth spurred by higher home prices, desire for more space: Statistics Canada Michelle McNally Livabl   The country’s largest metropolitan areas have reported ongoing urban spread, a phenomenon that could be th…

Concord Pacific's new residential complex in Burnaby's Brentwood

2022-02-09

Concord's Burnaby condo development will have its own 'tropical' beach Joseph Ruttle The Vancouver Sun The centrepiece of the 26-acre residential-retail project is a 120,000-square-foot outdoor beachfront oasis An overview of the Concord Br…

Victoria property held up by a tenant who made "frivolous" allegations to get rent-free time

2022-02-09

House sale delayed as tenant 'milked the system', landlord alleges Andrew Duffy Western Investor   A landlord says the new owners of this house in Victoria had to stay in a hotel and store their furniture for weeks while the tenant dis…

High records of mines production forecast in 2021 | Bruce Ralston

2022-02-08

B.C. mining booms into a new 'super cycle' Nelson Bennett Western Investor The $660 million invested in 2021 was close to 2012’s record amount and $12.6 billion in production hit an all-time high for the province Early development on …

Port Coquitlam housing affordability concern

2022-02-08

Massive increases in rent and housing prices put pressure on Port Coquitlam to build more homes Diane Strandberg Western Investor City council to review a housing study that looks at adding 5,550 units over the next 10 years — more th…

Toronto's real estate market remained strong despite pandemic restrictions

2022-02-08

Toronto's home prices are now more expensive than Vancouver's: report Laura Hanrahan other Toronto home prices have been skyrocketing over the past year, but as astronomically high as they got, they were no match for Vancouver’s ultra…

Landmark on Robson is an unparalleled new development in one of Canada's most vibrant cities

2022-02-08

A new hallmark of luxury living - Landmark on Robson Michelle Hopkins REW   In the heart of Vancouver, on Robson Street and within easy walking distance of world-class theatres, art galleries, museums, luxury boutiques and gourmet rest…

Realtor, lawyer sued after failing to disclose foreign-buyer's tax

2022-02-08

Realtor and lawyer found mostly liable for failure to advise client of foreign buyer's tax Keith Fraser The Vancouver Sun   The B.C. Supreme Court in Vancouver. Photo by NICK PROCAYLO /PNG A realtor and a lawyer in Kelowna have been fo…

Bank of Canada rate hikes soon to cool inflation

2022-02-07

Canadians deepening their faith in red-hot housing market even as rate hikes loom Erik Hertzberg The Vancouver Sun Optimism about the nation's housing market rose to near record levels last week, poll finds Some 64 per cent of Canadians exp…

Will they be able to unlock the target market despite financial crisis?

2022-02-07

The CMHC wants its market share back, but some observers wonder if the timing is right Stephanie Hughes The Vancouver Sun Agency has set target of 40 to 50 per cent of mortgage insurance market, CEO told Parliamentary committee The Canada M…

Vancouver's priciest market in Canada shifted to Toronto as of last month | RBC

2022-02-07

RBC reveals Canada's most expensive housing market right now Ephraim Vecina other The market has seen the sustained influence of outsized demand and scarcity While Vancouver stood as the priciest market in Canada for decades, the pendulum s…

Markets had a rapid increase in prices from 10 percent to 20 percent

2022-02-04

Housing market in a 'speculative fever,' Canadian regulator says Natalie Obiko Pearson The Vancouver Sun Higher rates are set to dampen that fever and lead to a slowdown in prices. Property prices in Canada are set to fall as rising interes…

New funding will help build community economic recovery

2022-02-04

B.C. providing $71.3 million for new tourism projects Glen Korstrom Western Investor Latest round of ‘recovery’ cheques worth more than $21 million now being sent to 50 groups A skier enjoys a day at Hudson Bay Mountain Resort, …

0.34 acres office building sells for $10.1 Million located in Yates Street, Victoria

2022-02-04

Victoria fully-leased office building sells for full list price Colliers Canada Western Investor Leased to government tenants, the 29,363-square-foot building on 0.34 acres in downtown Victoria sold for $10.1 million. Property type: Office …

Demand remains high in Metro Vancouver amidst pandemic

2022-02-04

How "chronic undersupply" is affecting Vancouver's housing market Ryan Garner Livabl   While pandemic-driven demand remains high, lack of supply remains the biggest issue facing Vancouver’s housing market, changing both buyer exp…

TRREB predicts 2022 strong price growth, but won't beat sales record set in 2021

2022-02-04

TRREB Predicts Strong Demand To Persist Through 2022 Rachel Rehkopk other   Active listings in the Toronto Region are down at their lowest levels in more than two decades according to the latest numbers from the Toronto Regional Real E…

0.14 acres Single-room occupancy hotel sells for 16 Million dollar located in Columbia Street, Vancouver

2022-02-03

79 room Columbia Hotel SRO sells for 16 Million dollar Corbel Commercial Inc. Western Investor Off-market deal with non-profit in Vancouver’s Downtown East Side sells property for $5.9 million over assessed value at $202,500 per room.…

Canadas housing markets rapid increase in prices could see falls as much as 20 percent

2022-02-03

Banking watchdog warns housing prices could plunge 20 percent when speculative fever breaks Financial Post Staff The Vancouver Sun Office of the Superintendent of Financial Institutions chief describes the pandemic housing surge as the perf…

Home listed for sale in Greater Vancouver is 31.8 percent lower than last year

2022-02-03

Greater Vancouver home price tops $1.25 million as listings plunge Emma Crawford Western Investor Tight supply pushed Metro Vancouver detached home prices up almost 23 per cent year-over-year in January, says real estate board Because of lo…

New Westminster has the lowest vacancy rate due to a lack of supply that is "hindering activity "

2022-02-03

Office vacancy in New Westminster falls to 'all-time low': report Chris Campbell Western Investor Report blames a lack of supply  The Save-On-Foods at the Brewery District is one of three New Westminster locations of the grocery chain;…

Low housing supply resulted in decreased sales and increased prices in Metro Vancouver

2022-02-03

Benchmark for a detached home in Metro Vancouver hit $1,953,000 in January Ryan Garner Livabl Low housing inventory across Metro Vancouver resulted in decreased sales and increased prices during the first month of 2022. According to the Rea…

Employment rate is going to be high in 2022 | Porter

2022-02-03

Canada could see lowest jobless rate in more than 50 years Nelson Bennett Western Investor There are about one million job vacancies and slightly more than one million people unemployed as country heads towards a potentially record -low job…

Housing demand remains high in British Columbia in their first quarter of 2022

2022-02-02

Five B.C. housing markets forecast to see the most price growth Ryan Garner Livabl Despite historically low inventory, housing demand remains high in British Columbia and prices are expected to continue climbing, according to the British Co…