Real Estate News & Articles

A positive early trend in 2022 as volume of new listing improved significantly | FVR

2022-02-02

Fraser Valley home listings surged in January: Real estate board Tiffany Crawford The Vancouver Sun There were 2,135 new listings last month, an increase of 67.1 per cent compared with December. New home listings were significantly up last …

High property taxes are putting homeowners under stress

2022-02-02

More B.C. homeowners deferring property taxes may signal distress, says appraiser Derrick Penner The Vancouver Sun Rising numbers over the last five years looks like a warning sign to some, but is less worrying to others who have watched ne…

4 units retail sells for $5.3 Million located in King George Highway, Surrey

2022-02-02

South Surrey strip mall on .58 acres trades over ask at $5.3 million Western Investor Staff Western Investor A potential development site, the four-unit King George Plaza retail strip of 6,900 square feet sold for $100,000 above its list pr…

The largest industrial deal in Metro Vancouver so far this year and the largest ever for CBRE

2022-02-01

Delta industrial land drew 14 bids from buyers Frank O'Brien Western Investor Beedie the buyer of 22-acre parcel on 80th Street, considered the largest industrial deal so far this year   22-acre Delta site a rare industrial land offeri…

Calgary's real estate market increased 12 percent over the same time last year | CREB

2022-02-01

Calgary housing market heats up as homebuyers from Ontario, B.C. pile in Stephanie Hughes other 'This time, it’s not an oil boom, it’s just people moving here’   Attached homes for sale in the Livingstone community ag…

3-storey Vancouver mansion sells for $24.8 Million located in 1126 Wolfe Avenue

2022-01-31

Asking price for Vancouver luxury home first listed at $34.8 million now reduced to $24.8 million Carlito Pablo The Georgia Straight   The owner of an unsold Vancouver mansion looks to be a determined seller. The vendor of 1126 Wolfe A…

Record breaking year for Canadian real estate high sales in 2021

2022-01-31

Posthaste: Home sales set for the second 'most remarkable' year in Canadian real estate history Pamela Heaven The Vancouver Sun RBC forecasts 'super strong' sales in first half of year   RBC forecasts 579,600 existing homes will be sol…

Census subdivision revealed the vacancy rate lower than eight percent in urban Canada

2022-01-31

Busting the myth of Canada's million or more vacant homes Murtaza Haider The Vancouver Sun A deep dive by Murtaza Haider and Stephen Moranis reveals the alarmists have misinterpreted the data   It turns out that the percentage of vacan…

30 storey tower proposed for Vancouvers Commercial-Broadway Station

2022-01-31

City of Vancouver records suggest strong opposition to Commercial-Broadway tower Joanne Lee-Young The Vancouver Sun

30-storey tower proposed for Vancouver's Commercial-Broadway Station

2022-01-31

City of Vancouver records suggest strong opposition to Commercial-Broadway tower Joanne Lee-Young The Vancouver Sun A revised rezoning application turned more of the rental units into below-market ones and made slight height and density cha…

Proposals for six homes most recently in Vancouver housing development

2022-01-29

Dan Fumano: Six-homes proposal latest in Vancouver's housing 'evolution' Dan Fumano The Vancouver Sun Opinion: After controversially legalizing basement suites, laneway houses and then duplexes, Vancouver's new six-units-on-one-lot proposal…

Developers present high-net-worth investor, with minimum investment due to the high capital requirements

2022-01-28

New low-barrier REIT already owns Metro Vancouver land Frank O'Brien Western Investor   For as little as $5,000, investors can share in projects backed by a veteran local developer holding 560 acres at 19 separate sites For as little a…

Despite what appears the strongest rental market in Canada with the highest average rents

2022-01-28

Local landlords swallowed as market demands deeper pockets Frank O'Brien Western Investor Six out of 10 rental apartment buildings in B.C. now bought by national REITs or other institutional investors as soaring prices, government restricti…

Risk is increasing mortgage market

2022-01-28

Canada housing crash how likely is it Fergal McAlinden other Mortgage debt in Canada is skyrocketing. How much is too much risk for Canadian borrowers?   Total residential mortgage debt in Canada mushroomed to $1.77 trillion in 2021&rs…

Canadas the most expensive real estate market

2022-01-28

Toronto closing on Vancouver as Canadas priciest real estate market Joel Schlesinger The Vancouver Sun   Vancouver has had more listings recently than Toronto, helping to narrow the price gap between the two cities. Photo by Darryl Dic…

Top five ranked of the most affordable cities where you can find your ideal home

2022-01-27

REPORT: Where Are The Most Affordable Places To Buy In The GTA? (By Product Type) Rachel Rehkopf other Would you move further out of the city to secure the type of home you’re looking for within budget? Given how popular work from hom…

GTA dipped to the fewest properties on record December 2021

2022-01-27

GTA sees second-best year for new home sales in 2021 Michelle McNally Livabl The Greater Toronto Area had its second-best year in history for new homes sales in 2021, capping things off with the lowest count of home inventory ever recorded.…

Is Trudeau's housing pledges possible?

2022-01-27

Douglas Todd: Trudeaus housing promises still not materializing Douglas Todd The Vancouver Sun Opinion: It’s imperative to monitor how little the prime minister has done to rein in prices that have soared 85 per cent since the Liberal…

Toronto-Dominion plans to hire more workers

2022-01-27

TD announces major hiring spree Kevin Orland other 2,000 are set to come onboard in tussle for talent   Toronto-Dominion Bank plans to hire more than 2,000 technology workers this year, more than six times the number added last year, p…

Bank of Canada acknowledging interest rates will need to increase

2022-01-26

Bank of Canada makes benchmark rate announcement Fergal McAlinden other All eyes have been on the Bank in recent weeks amid speculation of an impending rate increase  The Bank of Canada has once again stayed the course on its benchmark…

Canadians turn away from major cities for searching affordable housing

2022-01-25

Vancouver population decreases for first time in 45 years Ryan Garner Livabl   Reflecting similar situations in Toronto and Montreal, Vancouver saw its population drop last year as people increasingly left the city for surrounding area…

Commercial real estate sales increased 30.7% in Q3 2021 compared to Q3 2020

2022-01-24

Commercial real estate sales click over $1 billon a month in Lower Mainland Frank O'Brien Western Investor Third-quarter 2021 transactions were up 64 per cent from a year earlier with land sales leading the curve   Sold September 20 20…

A joint venture agreement in Vancouver that sees a once in a lifetime opportunity for any city

2022-01-24

Reliance Properties joins in billion-dollar Colwood build WI Staff with Times Colonist Western Investor Vancouver developer joint ventures with Seacliff Properties on 130-acre waterfront community with 2,850 homes and a commercial core Vanc…

Canadas housing and mortgage markets heated up to unprecedented levels throughout the COVID-19

2022-01-24

British Columbia housing market what cooling off legislation could mean Fergal McAlinden other   The provincial government has proposed new measures aimed at protecting consumers’ rights in the buying process   As Canada&rsq…