Real Estate News & Articles

Lumber prices soars, average price of home increases by $18000, now lumber is at $1200 to 1000 board feet and BC supplies 15 percent of US market

2022-01-07

Lumber prices latest Canada soars There has been a big impact from flooding Jen Skerritt other There has been a big impact from flooding Lumber prices are soaring to levels not seen in seven months as the lingering effects of flooding in We…

U-Haul migration trends do not correlate directly to population or economic growth

2022-01-07

This study shows where everyone moved to when they left the big cities last year Shari Kulha other While B.C. ranked second for in-migration, far fewer moved to its more expensive cities   DIY movers inadvertently help track population…

Market Trends continue throughout 2021 amidst pandemic

2022-01-06

Average Prices Soar 25% in The Toronto Region: TRREB Rachel Rehkopf other The results are in: 2021 was a record-breaking year for real estate in the Toronto region. The Toronto Regional Real Estate Board (TRREB) has just released its number…

Home has been a focus for residents throughout the pandemic | Keith Stewart

2022-01-06

Metro Vancouver home sales, prices hit record high in 2021 Glen Korstrom Western Investor Despite ongoing pandemic, region saw 43,999 residential real estate transactions – up 42.2 per cent from 2020 Benchmark townhouse price in Metro…

A record breaking year for Toronto real estate region

2022-01-06

Average Prices Soar Nearly 25% in The Toronto Region: TRREB Rachel Rehkopf other The results are in: 2021 was a record-breaking year for real estate in the Toronto region. The Toronto Regional Real Estate Board (TRREB) has just released its…

11,275 square feet multi-family sells for $7.5 million

2022-01-06

East Vancouver multi-family sells for $422,222 per door Goodman Commercial Inc. Western Investor The three-storey, 18-unit rental apartment building on East 6th Avenue, Vancouver, built in 1968, sold for $7.5 million. Property type: Multi-f…

1.2 acres 65 residential unit at Port Coquitlam sells for $18.22 million

2022-01-06

Port Coquitlam 65-unit multi-family sells for $18.2 million William Wright Western Investor McAllister Apartments and Plaza is a fully leased thee- storey building comprised of 65 residential units and eight retail units in downtown Port Co…

4.62 acres industrial land at Burnaby sells for $18.5 million

2022-01-06

Burnaby 4.6-acre industrial assembly sells for $18.5 million William Wright Western Investor Properties in the Big Bend area could be redeveloped from heavy industrial to light industrial zoning at the geographic centre of Metro Vancouver. …

How property markets are being reshaped in this state of pandemic

2022-01-04

B.C. Assessment records illustrate housing stress being pushed out across province Derrick Penner The Vancouver Sun "One of the biggest challenges, is the fact that with COVID, you've seen a certain part of the regional workforce be liberat…

Things to consider before buying a home without viewing it first

2022-01-04

Buying a Home Without Seeing it First: Worth it or Not? Zoocasa Staff other Buying a home is always an exciting and risky experience whether you are a first-time home buyer in Ontario, looking to upgrade, or are purchasing another investmen…

B.C. home sales began to normalize amidst pandemic

2021-12-29

B.C. housing market cooling, but June prices up 22 per cent from 2020 Douglas Todd The Vancouver Sun The largest June year-to-year price increases were recorded by real estate boards in Vancouver Island, the Interior and the Fraser Valley. …

House prices across Canada have jumped 34 percent since pandemic

2021-12-29

Douglas Todd: How disastrous has the COVID19 pandemic been for Canadian housing? Douglas Todd The Vancouver Sun Opinion: Ottawa's war against the pandemic has had an outsized impact on millions of Canadians frozen out of home ownership. But…

Kelowna unveiled a proposal with a mix of commercial and real estate development

2021-12-15

BC Tree Fruits site in Kelowna sells for $23.7 million WI Staff Western Investor The near-four-acre site is adjacent to the 40-acre Tolko mill site, which is also slated for future development in the north end of the city Site covers 3.95 a…

Council approved series of moves aimed at encouraging construction of secure rental housing

2021-12-15

Dan Fumano: 'Watershed moment': Vancouver's council allows more rental housing Dan Fumano The Vancouver Sun Analysis: Decision an "important litmus test" on whether council is serious about rental housing, former chief planner Gil Kelley sa…

2021 produced record setting annual total in British Columbia

2021-12-15

B.C. home sales smash annual record with one month remaining in 2021 Ryan Garner Livabl A flurry of home sales early in 2021, combined with unseasonably high autumn transactions, has produced record-setting annual totals in British Columbia…

British Columbia's biggest money laundering case was dropped

2021-12-08

B.C. reaches forfeiture agreement in alleged $220-million-a-year money laundering scheme Gordon Hoekstra The Vancouver Sun The province will keep more than $1.2 million in money, casino chips, gift cards and personal property, including jew…

Canada is aiming to achieved in the context despite the shifting global economy

2021-12-08

Economic recovery represents opportunity for 'great Canadian restart': RBC report Bianca Bharti other Cynthia Leach’s report offers a path that policy-makers could take if they want to boost Canada's potential growth rate Canada's Dep…

Active market ratio of buyers and sellers throughout the Covid-19 pandemic | REBGV

2021-12-06

Where have the homes gone? Keith Stewart REBGV The Real Estate Board of Greater Vancouver’s (REBGV) latest economic analysis takes a deeper look at housing supply trends in Metro Vancouver and the ratio of buyers to sellers that have …

Average house prices in Canada are expected to rise this year

2021-12-06

Canada's red-hot housing market to lose steam in 2022, but affordability will only worsen Swathi Nair other Analysts expect home price gains to slow significantly next year amid higher interest rates or tighter monetary policy Canada’…

$248 billion was pumped into Canadian residential in just first three months| Punwasi

2021-12-05

Douglas Todd: Is Canada's central bank afraid of reining in the housing monster? Douglas Todd The Vancouver Sun Opinion: Is it nervous about igniting a recession by tackling a business it considers too big to fail? "The central bank makes t…

Six-storey condo project proposed for Port Moody

2021-12-03

Port Moody nixes proposed $350K micro-condos Mario Bartel Western Investor A six-storey condo project being proposed for Port Moody will no longer feature 57 micro-suites after some councillors criticized the tiny living spaces Apparently m…

Regional Real Estate Board, sales rose 3.3% compared to the same period last year

2021-12-03

GTA Home Prices and Sales Smash November Record Penelope Graham other   The GTA’s late fall housing market has been anything but normal; while activity typically tapers this time of year due to cooling weather and the impending h…

Scotiabank ended the year with a much higher net income compared last year amidst pandemic

2021-11-30

Scotiabank releases Q4 results Ephraim Vecina other Find out how the Canadian banking giant fared Spearheading the Q4 2021 round of earnings announcements, Scotiabank today reported net income of $2.559 billion in the quarter ending October…

Aggregate price of a home will grow 15% in Q4-2021 compared to the same period last year

2021-11-18

Vancouver home prices projected to jump 15 per cent annually by end of the year: Royal LePage Michelle McNally Livabl The cost of homes in Greater Vancouver are expected to keep rising through the rest of 2021. In its House Price Survey for…