Real Estate News & Articles

2 major Banks in Canada are giving employees an extra paid day off this year

2021-04-09

RBC to give staff extra day off Kevin Orland Mortgage Broker News Royal Bank of Canada and Toronto-Dominion Bank are giving employees an extra paid day off this year, as a lengthy pandemic shows signs of worsening in Canada. RBC Chief Execu…

Retail commercial site sells for $1.8 Million located at Sixth Street, New Westminster, B.C.

2021-04-09

New Westminster commercial site sells for $1.8 million William Wright Commercial Western Investor Freestanding, two-tenant, 2,170-square-foot, triple-net leased building on a 4,356-square-foot lot is in the popular uptown area of the Royal …

Commercial Development Site sells for $6.75 Million located at Hastings Street, Burnaby, B.C.

2021-04-08

Two adjacent N. Burnaby commercial lots sell for $6.7 million Goodman Commercial Inc. Western Investor

Commercial Development Site sells for $6.75 Million located at Hastings Street, Burnaby, B.C.

2021-04-08

Two adjacent N. Burnaby commercial lots sell for $6.7 million Goodman Commercial Inc. Western Investor Located in the Hastings Village area, the two lots total 10,296 square feet with development potential to 24,710 square feet, and both ha…

Retail strata units sells for $2.99 Million located at Yates Street, Victoria

2021-04-08

Two new retail strata units in Victoria sell for $555 per square foot William Wright Commercial Western Investor Adjacent units are on the ground level of the new Verve condominium project on Yates Street near Victoria’s downtown. &md…

One-third of Canadian professionals currently working from home due to the pandemic

2021-04-07

Hard core of work-from-homers won?t return to office Wl Staff Western Investor   — More than half want to work only part time in the office. |CBRE About one-third of Canadian professionals currently working from home due to the p…

Toronto average price of homes sold CA$1.1 million during the month, up 21.6% from last March

2021-04-06

Toronto home prices surge as debate rages Ari Altstedter Mortgage Broker News   Toronto home values continued to swell in March, bringing annual average price gains to more than 20% and adding fuel to a raging debate about whether poli…

Townhouse parcel land size of 6.38 acres located at Rocklin Street, Coquitlam

2021-04-06

City of Coquitlam is offering zoned and serviced townhouse development opportunity City of Coquitlam Western Investor   The City of Coquitlam’ s City Lands Division is excited to announce the release to market of a fully zoned an…

Real estate market is extremely hot starting the Q1 2021

2021-04-01

VERICO president gives his verdict on what will happen to the housing market Fergal McAlinden Mortgage Broker News The current red-hot housing market is likely to slow down slightly when normal life resumes after the pandemic – althou…

Canadians are stretching and "worrying" sign of too much debt to buy into the nation's hot housing market

2021-04-01

Bank of Canada issues warning Ari Altstedter Mortgage Broker News   The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market. In an&nbsp…

Housing bubble might be coming due to pandemic-driven shift in buyer preferences

2021-04-01

How likely is a Canada housing crash? Ephraim Vecina Mortgage Broker News Despite concerns surrounding overheated activity, a Canadian housing crash is unlikely unless there’s a spike in mortgage rates or a significant tightening of h…

Raised $10 million funding to use laser scans and AI to identify errors prior construction process

2021-04-01

Platform that uses AI to flag construction mistakes raises $10 million Kelsey Pudloski Livabl Mistakes happen, but when it comes to new construction, even minor blunders can cost builders untold amounts of time and money. Enter Avvir, a sta…

Real estate hot market activity seems significant long term risk

2021-03-31

CIBC's Tal: Red-hot activity posing significant long-term risks to housing Ephraim Vecina Mortgage Broker News Is the currently overheated activity in major markets undercutting the housing segment’s future prospects? Benjamin Tal of …

Possible Canadian housing market starting slow down in the next Q2-Q3

2021-03-31

Canadas housing market set for "significant cooldown" after homebuying frenzy: TD Sean MacKay Livabl The current furious pace of homebuyer activity, along with rapidly accelerating price increases seen since mid-2020, are unlikely to last i…

Legal and real estate professionals play a critical role in preventing title fraud

2021-03-31

Fraudster gets away with transferring title for B.C. home using forged passport Susan Larazuk The Vancouver Sun Fraudsters impersonated owners of B.C. residential properties to steal the homes’ titles and one of the con artists got aw…

Bank of Canada Governor "Worrying"sign in Canada's hot housing market to increase level of debt

2021-03-31

Mounting debt 'worrying' as Canadians stretch to chase rising home prices, says Bank of Canada governor Bianca Bharti other   Bank of Canada Governor Tiff Macklem said he’s seeing “worrying” signs in Canada’s ho…

Canadian retailers experience biggest decline since 2009 recession - Statistics Canada

2021-03-30

Bricks-and-mortar stores anchor B.C.'s biggest developments Frank O'Brien Western Investor — Oakridge Centre makeover includes 1 million square feet of retail. | Chung Chow Don’t look up from your shopping screens, but bricks-an…

Vancouver condo sales increase 52.2 % month-to-month from January 2021

2021-03-30

Downtown Vancouver condo sales rebound after 2020 slump Michelle McNally Livabl   Nearly one year after condo sales sunk at the onset of the COVID-19 pandemic, new data shows that buyers have been returning to downtown Vancouver’…

Wealthy families with more cash in bank are the main drivers of purchasing properties during this pandemic

2021-03-29

Affluent millennials and wealthy families sitting on a pile of cash are the latest drivers of high-end Canadian real estate Avery Mullen The Vancouver Sun   Sales of homes valued at $4 million or more in the Greater Toronto Area saw a …

Two male real estate agents terminated effective immediately after allegations of sexual assault

2021-03-26

Two Victoria real estate agents fired after online accusations of sexual assault Louise Dickson The Province   The Agency Victoria, a luxury real estate brokerage and lifestyle company, says it has terminated its relationship with two …

Marpole multi-family unit sells for $10.5 million located at Laurel Street, Vancouver

2021-03-26

Vancouver 33-suite rental building sells at full list price of $10.5 million Goodman Commercial Inc. Western Investor — Goodman Commercial Inc., Vancouver, for Western Investor Property type: Multi-family rental Location: 8755 Laurel …

CMHC rates five country's major markets having a "high degree of vulnerability"

2021-03-26

Toronto housing market raised to "high risk" Ari Altstedter Mortgage Broker News   Canada’s housing agency raised its risk assessment for the Toronto market to high, while also warning of overheating at the national lev…

32-storey office tower located at 1166 West Pender Street in downtown Vancouver

2021-03-26

New 32-storey office tower set for Vancouver Frank O'Brien Western Investor — New tower for 1166 West Pender opens in 2024 or 2025. | Reliance Properties Reliance Properties of Vancouver has teamed with Texas-based Hines, one of the l…

Agriculture Land sells for $1.70 million located at Hamilton Road, Agassiz, B.C. for future development

2021-03-26

Agassiz 47 acres with riverfront sells $1.4 million over assessment Re/Max Nyda Realty Western Investor — Group, Re/Max Nyda Realty, Agassiz, B.C., for Western Investor Property type:  Land Location:  920 Hamilton Road, Agas…