Real Estate News & Articles

Metro Vancouver has lowest industrial vacancy rate 0.7% in Q1 of 2021, and highest industrial lease in Canada

2021-05-06

Industrial strata now more pricey than high-end residential condos Frank O'Brien Western Investor Rising lease rates, Canada’s lowest vacancy rate and potential appreciation make strata industrial a hot commodity in Metro Vancouver &m…

Strata office sells for $3.4 Million located at East Hastings Street, Vancouver

2021-05-06

New East Hastings office strata sells for $656 per square foot Avison Young Western Investor The 5,185-square-foot strata office in Vancouver, with a 10-year lease in place, sold for $3.4 million at a 4.29 per cent capitalization rate. &mda…

Home sales fell nearly 40 percent annually and 56 percent on a monthly basis in April

2021-05-05

Vancouver region breaks home sales record in April a year after pandemic shut down market Sean MacKay Livabl   While the pandemic sent the economy reeling last March, the extent of the impact on the housing market wasn’t evident …

Housing markets in Canada is going to crash?

2021-05-04

Is a housing crash really coming in Canada? Ephraim Vecina Mortgage Broker News   The much-feared housing crash is not likely to happen any time soon considering the market’s strong fundamentals, according to veteran industry obs…

Metro Vancouver developers throwing a wide net to meet intense demand has driven industrial lease rates

2021-05-04

Developers get creative as industrial land disappears Frank O'Brien Western Investor Developing in peat bogs and over landfills, sweetening zoning bids and paying record-setting prices for shovel-ready sites continues to pay off   &mda…

DLC announced robust financial results for the quarter and year ending December 31, 2020

2021-04-23

DLC announces full-year results Ephraim Vecina Mortgage Broker News   Dominion Lending Centres has announced robust financial results for the quarter and year ending December 31, 2020. The network posted its strongest performance on re…

How OSFI test level affects the broker?

2021-04-22

Why one broker isn't stressing about OSFI proposals Fergal McAlinden Mortgage Broker News   Proposed changes to the stress test rate have caused waves in the Canadian mortgage industry over the past week or so – but one Ontario b…

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2021-04-22

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Bluebird Self Storage continues to expand across the country with an aggressive plan to grow its portfolio

2021-04-22

Bluebird Self Storage continues growth, buys 5 Alberta sites Mario Toneguzzi other   Reade DeCurtins, Bluebird Self Storage’s co-founder and real estate director. (Courtesy Bluebird Self Storage) Toronto-based Bluebird Self Stora…

BOC adjustment rate is very incremental stimulus for the economy recovery process

2021-04-21

Bank of Canada makes rate announcement Ephraim Vecina Mortgage Broker News Amid an improved outlook for both the domestic economy and the global financial system, the Bank of Canada announced that it will hold its target for the overnight r…

Does immigrants is one factor that keeping housing market hot?

2021-04-21

Can immigration keep the housing market hot? Fergal McAlinden Mortgage Broker News An influx of new immigrants into Canada in the coming years could help the housing market’s trajectory and offset the impact of interest rate rises, ac…

CREA home average price now $ 715,300 might increase to 20 percent year over year

2021-04-20

What is the Tax on Unproductive Use of Canadian Housing by Foreign Non-Resident Owners? Rachel Rehkof other   In March of 2021, the Canadian Real Estate Association announced that the average price for a home in Canada was now $715,300…

Minister of Public Safety issue orders under the Emergency Program Act to restrict people's ability to leave their health authority

2021-04-20

B.C. restricts camping, leisure travel in crackdown Wl Staff Western Investor — Campgrounds will halt bookings during latest travel restrictions. | Re/Max B.C. Premier John Horgan said orders will be issued by April 23 that will …

Legal action taken as owner in doubt that her property sold below market value

2021-04-17

Seller claims realtor sold her Vancouver house for $425K below market value Darryl Dyck other   A Vancouver property owner took her realtor to court, alleging her house was sold for $425,000 under market value. The woman sold her house…

Canadian housing market hit the new record, increase 5.2% on seasonally basis by CREA

2021-04-16

Canadian housing sees hottest month ever Ari Altstedter Mortgage Broker News   The Canadian housing market hit a new record with more properties changing hands in March than any month in history, as sky-high prices lured more…

Evan Sidall - CMHC new chief executive will start on July 1

2021-04-16

Former CMHC boss lands top job Tara Deschamps Mortgage Broker News Alberta Investment Management Corp. has named the former - and often outspoken - head of Canada Mortgage and Housing Corp. as its next chief executive. The investm…

Matrix Mortgage cryptocurrency technology represents the future of the mortgage industry

2021-04-16

Is cryptocurrency the future of the mortgage industry? Fergal McAlinden Mortgage Broker News   For Shawn Allen (pictured), cryptocurrency and blockchain technology represents the future of the mortgage industry – and he’s d…

5 Major Cities in Canada for Asian Buyers in 2020

2021-04-16

Top 5 Cities in Canada for Asian Property Buyers in 2020 Juwai other Investing in Canada is currently very appealing to foreign investments, from the taxation system, open immigration policies, a stable economy, and Canada's leadi…

0.21 acres multi- family rental sells for $10.8 million located at North Vancouver, B.C.

2021-04-15

North Vancouver 22-suite multi-family rental sells for $10.8 million Western Investor Staff Western Investor The central Lonsdale luxury apartment building was rebuilt from the studs with a complete retrofit, including the addition of two f…

0.07 acres retail sites sells for $1.3 million located at East Hastings Vancouver

2021-04-15

Vancouver DTES 3,050-square-foot retail sites sold for $1.3 million Western Investor Staff Western Investor Single-tenant building in Vancouver’s Downtown East Side – Strathcona neighbourhood sold for $450,000 below the asking p…

0.07 acres retail sites sells for $1.3 million located at East Hastings Vancouver

2021-04-15

Vancouver DTES 3,050-square-foot retail sites sold for $1.3 million Western Investor Staff Western Investor

Does mortgage stress test make a lot of sense? - Peter Aceto

2021-04-13

Is a stress test hike the wrong move? Fergal McAlinden Mortgage Broker News   he prospect of the mortgage stress test level being raised “does not make a lot of sense,” according to Mortgage Alliance president Peter Aceto. …

New 32-storey office tower located at 1166 West Pender

2021-04-12

Timber and tech merge in Mount Pleasant office build Frank O'Brien Western Investor — Vancouver's first mass-timber offices will be similar to this Hines' T3 building in Minneapolis. Texas-based megadeveloper Hines, which recently ann…

Housing market conditions put lenders at financial risk regulators need to take "proactive action"

2021-04-09

Housing bubble fears spur Canada to weigh tighter mortgage rules Bloomberg Mortgage Broker News Canada’s bank regulator is proposing tighter mortgage qualification rules to make it more difficult for home buyers to secure financing, a…