Real Estate News & Articles

Canadian home sales record-holding levels logged in 2020

2021-11-15

Canadian home sales set new record, beating 2020 Michelle McNally Livabl   The year is not even over yet and Canada has posted the most home sales on record, surpassing previous record-holding levels logged in 2020. In its monthly nati…

New real estate legislation for B.C. this spring

2021-11-15

Review of blind-bidding in B.C. real estate market to look at rules elsewhere Jaonne Lee-Young The Province   B.C.'s Ministry of Finance is studying options for legislation on real estate sales that it plans to introduce next spring. P…

Deadline was "unrealistic for a number of reasons" | Canadian Bar Association's

2021-11-12

Province extends deadline for filings to 'hidden ownership' real estate registry Joanne Lee Young The Vancouver Sun Lawyers say the law was complex and guidance from the government on interpreting the law was insufficient   Towers in a…

Canadian housing and rental market increase due to inflation data

2021-11-11

Pandemic trends reduce housing supply, heat up rental markets Ryan Garner Livabl   Looming interest rate hikes have spurred sales and reduced inventory, heating up housing and rental markets on both sides of the border. Zonda chief eco…

B.C. home buyers seeking more for their money have looked east

2021-11-11

Home ownership becoming out of reach in B.C. suburbs that were once affordable Glenda Luymes The Vancouver Sun With B.C. home listings at historic lows and prices climbing even higher, the quest for affordable housing is taking some buyers …

How does a mortgage professional start their own company?

2021-11-10

How to build a mortgage brokerage from scratch Fergal McAlinden other For one top professional, there was a clear focus   How does a mortgage professional with an entrepreneurial mindset decide to take the plunge and start their own co…

First-time buyers increasingly seeking assistance from their parents for a down payment

2021-11-09

The growing influence of the Fergal McAlinden other New buyers are increasingly relying on family assistance for down payments. What does it mean for the industry?   Considering the well-documented struggles of new entrants to an incre…

Bank of Canada implement three rate increases in 2022 beginning in April by RBC Economics

2021-11-09

How many Bank of Canada rate hikes are likely in 2022? Ephraim Vecina other The central bank might be wavering on its rate-freeze commitment given inflationary pressures Amid sustained inflationary pressures and supply-chain issues, the Ban…

Canada housing market remains little risk of a crash despite of lingering concerns

2021-11-08

How likely is a Canada housing crash? Fergal McAlinden other Executive from Scotiabank delivers verdict Despite lingering concerns from the Canada Mortgage and Housing Corporation (CMHC) and others about the precarious nature of the country…

Meng's future plans for the homes, except that they had no indication of any interest to sell

2021-11-06

Real estate agents debunk posts about Meng Wanzhou's Shaughnessy mansion Joanne Lee Young The Vancouver Sun "People are making up all kinds of stories, but (the houses) are not for sale." — Realtor Bob Cheng   Members of the medi…

Metro Vancouver continued hitting the market to fall in line with long-term averages

2021-11-06

Demand for Vancouver homes outpaces new supply in September Michelle McNally Livabl   Home buying and selling activity remains at a high in Metro Vancouver, while the pace of new properties hitting the market has continued to fall in l…

Finance Minister to announce the new law to protect consumers

2021-11-04

B.C. to bring in new real estate laws, including cooling-off period for resale properties Tiffany Crawford The Vancouver Sun The B.C. Financial Services Authority will also look into other potential protection measures, including fixing the…

Developing $70-million property will allow UBC to better serve thousands of its students

2021-11-03

UBC signals plans for larger Fraser Valley presence with purchase of Surrey site Joanne Lee Young The Vancouver Sun UBC will develop the site into a residential and commercial complex, and use the money that raises to pay for construction o…

Numbers of residential apartments sold in B.C wiped out its records during the first half of 2021

2021-11-01

Sales of apartment buildings in B.C. break records in first half of 2021 Joanne Lee-Young The Vancouver Sun Private buyers and financial firms are motivated to buy because borrowing costs are very low and rents are expected to increase shar…

The strata council requested the removal of the large TRUMP signage

2021-11-01

Strata at former Trump-branded tower pushes for removal of giant signage Joanne Lee Young The Vancouver Sun There's been controversy and calls against the giant signage going back to when the luxury hotel opened in 2017 amid protests  …

Metro Vancouver ratepayers still recovering from the effects of the pandemic

2021-10-30

Households to pay 3.5 per cent more to Metro Vancouver in 2022 Cheryl Chan The Vancouver Sun Metro Vancouver households will pay an average annual fee of $595 to the regional authority — a $21 increase from last year's rates.   C…

Redevelopment of a 67-year-old centre motel in Vancouver

2021-10-29

City Centre Motel on Main Street in Vancouver sold for over $60 million Kenneth Chan other City Centre Motel at 2111 Main Street, Vancouver. (Google Maps) It was inevitable that the 67-year-old City Centre Motel in Vancouver’s Mount P…

Vancouver to plan conceptual development in False Creek South

2021-10-29

Future plans for Vancouver's False Creek South to start fresh with public planning process Cheryl Chan The Vancouver Sun Starting fresh with a public planning process ensures that the process begins from a place of trust with the residents,…

Speed up the mortgage process and make things more straightforward for all parties | Allen

2021-10-28

Is the mortgage industry set for a blockchain revolution? Fergal McAlinden other An industry CEO believes NFTs and other developments will profoundly transform the mortgage space Following the announcement of a new collaboration to allow mo…

A Vancouver homeowner is upset that rezoning being rammed will lose his home

2021-10-28

West side resident threatens to sue city over redevelopment agenda Denise Ryan The Vancouver Sun Single family homeowners feel their voices haven't been heard as city fast-tracks zoning changes   VANCOUVER, BC - Oct. 27, 2021 - Tyman S…

Global economic recovery is progressing amidst pandemic

2021-10-27

Bank of Canada announces latest overnight rate target Ephraim Vecina other The central bank will be moving into a new phase following the end of its QE program The Bank of Canada has announced that its target for the overnight rate will rem…

Unveiling changes aimed at increasing housing supply | Provincial Government

2021-10-26

Dan Fumano: As both Vancouver and B.C. look to speed up housing, expect debate Dan Fumano The Vancouver Sun Opinion: Changes proposed by both Vancouver and the province are " heading in the same direction," says Vancouver housing official. …

The bank of Mom and Dad - $10B gifted home buyers

2021-10-25

Thanks, Mom: Over $10 billion gifted to home buyers over last year Michelle McNally Livabl Amidst rising prices and dwindling inventory, it’s no secret that buying a home in Canada has become increasingly difficult, particularly for f…

Real Estate industry trends indicators of the overall health of the economy in 2021

2021-10-22

Real Estate Statistics: The Latest Trends in the Housing Market (2021) Matthew Speakman other The housing market has significant importance for the broader economy, accounting for 17.5% of the U.S. GDP in 2020. 4.2% of the GDP impact is the…