Real Estate News & Articles

New commercial building at a prime lot location at 4330 Kingsway in Metrotown

2021-03-16

Brand new office and retail investment opportunity in Metrotown Slate Asset Management Western Investor   Capital Point, a new Class AAA strata office and retail complex in Burnaby’s central business district in Metrotown is arri…

Canadian housing market "stronger-than-expected-trend" over from 2020 to 2021

2021-03-16

Prices to keep soaring in Canada's undersupplied housing market: Scotiabank Sean MacKay Livabl   Both Canadian home sales and prices continued their historic run in February, with a record number of properties changing hands while the …

Toronto and Vancouver rental markets continue to fall to lowest levels recorded since 2017

2021-03-16

Toronto and Vancouver rent prices sink to 4-year lows in March Michelle McNally Livabl Rental markets in Toronto and Vancouver yet again posted double-digit price declines in a report published today by Padmapper, with both cities seeing on…

Residential land assembly sold for $2.1 million located at 291 Island Highway and 280 Stewart Avenue, View Royal, B.C.

2021-03-16

Vancouver Island land assembly sells nearly $300K over assessment Royal LePage Commercial Western Investor -Royal LePage Commercial, Vancouver Island, Victoria, for Western Investor Property type : Land assembly Location: 291 Island Highway…

How Covid-19 affects metropolitan areas in terms of living in major cities

2021-03-15

The new Canada: How COVID-19 pushed real estate buyers into the hinterland Tristan Hopper The Vancouver Sun A promotional shot from Live for the Moment NB, a campaign by the Government of New Brunswick to lure remote workers to the province…

Canada housing market still soaring in Q1 of 2021 despite of Covid-19

2021-03-15

New forecast says a record-shattering 700,000 homes will sell across Canada in 2021 Sean MacKay Livabl Canada’s housing market was so hot in February that it forced the Canadian Real Estate Association (CREA) to revise its national ho…

Freezing rents for 18 months can only increase 2 percent for landlords

2021-03-14

Extended rental freeze 'a tipping point' for smaller landlords Frank O'Brien Western Investor   Demonizing landlords, extending a rental increase freeze for a full year, capping rent increases at the rate of inflation and restricting r…

Different marketing strategy used by Mount Pleasant instead of traditional brochure

2021-03-14

Mount Pleasant commercial building project launches with own playlist Joanne Lee -Young The Vancouver Sun Brian Roche, president of Rendition Developments, with a record and a brochure of the Fifth + Columbia building in Vancouver, on March…

New Democrats are "committed to" ensuring that "90 per cent of homeowners are eligible for the grant." - Finance Minister Selina Robinson

2021-03-12

Vaughn Palmer: Finance minister promises 3 times - no cuts to homeowners' grant Vaughn Palmer The Vancouver Sun   Finance Minister Selina Robinson. Photo by Submitted /Government of B.C. VICTORIA — Finance Minister Selina Robinso…

Five-building office portfolio sells for $2.14 million located at 50th Avenue, Yellowknife, NWT

2021-03-12

Five-building office portfolio in Yellowknife, NWT, sells for $2.1 million Avison Young Western Investor — Avison Young, Vancouver, for Western Investor Property type: Office building portfolio Location: 5004-5018 50 th Avenue, Yellow…

Multi-family rental building unit sold for $8.63 million located at 200 Street at 53rd Avenue, Langley, B.C.

2021-03-11

Langley 1.1-acre residential land assembly sells for $8.6 million Momentum Reality Ltd. Western Investor Momentum Realty Ltd., Langley, B.C., for Western Investor Property type: Development land Location: 200 Street at 53 rd Avenue, Langley…

36th storey tower - worth $10 million highest-priced condo listing in the history of Okanagan

2021-03-10

Kelowna penthouse sets a $10 million milestone Mariam Halpenny Western Investor — Lakeview condo most expensive in Okanagan history. | Sotheby’s. High above Okanagan Lake on the 36th storey of One Water Street’s east tower…

Canada's housing market price gains in a "huge bubble" - David Rosenberg

2021-03-10

David Rosenberg says Canada's housing market in a 'huge bubble' Derek Decloet other Home price gains don't make sense when the labour market is so damaged from the COVID-19 pandemic, David Rosenberg says. Photo by Getty Images/iStockphoto C…

Condo investor recent return of interest in presale market

2021-03-09

Condo developers perk up as buyers return to Metro Vancouver presale market Jaonne Lee-Young The Vancouver Sun A conceptual photo from Centra, a project from the Everest Group of Companies in Surrey, which is getting back on track after pan…

42 - storey Mixed Family Building located at 300 Main Street, Winnipeg

2021-03-09

Winnipeg's tallest tower nears 42nd floor WI Staff Western Investor — Construction photo at 300 Main Street on March 8, 2021. Winnipeg is seeing completion of the tallest tower in the city as a $165 million, mixed-use mammoth building…

2021 issued building permits increase 300 percent compared to February 2020 despite of pandemic

2021-03-09

Prince George building permits soar 300 per cent Arthur Williams Western Investor — New homes under construction in Prince George. | Citizen The value of building permits in Prince George, B.C., continued strong, with a more than 300 …

The advantage of purchasing a pre-sales condominium unit

2021-03-08

Real estate investment Part 2: condo pre-sales and LPs Frank O'Brien Western Investor Vancouver real estate investor Ralph Case helped his son buy a pre-sale condominium in central Surrey in the summer of 2016, putting $30,000 down for a $2…

Cinema District located at 1502 McCallum Road, Abbotsford, BC holds presale

2021-03-07

Abbotsford townhome project holds presale lottery Jaonne Lee-Young The Province Cinema District townhouses in Abbotsford by Diverse Properties. Photo by Diverse Properties Home sales and prices have rocketed during the COVID-19 real estate …

Metro Vancouver region is experiencing a critical shortage of industrial land - Regional Industrial Lands Strategy

2021-03-05

Metro municipalities retain industrial land control Graeme Wood Western Investor — New industrial development in South Vancouver.| PC Urban An attempt by Metro Vancouver to strengthen industrial land protection at the regional level, …

Covid-19 pandemic cause increase demand for housing

2021-03-03

$1 million barrier smashed in Toronto Ari Altstedter Mortgage Broker News   by Ari Altstedter The average price of a home sold in Toronto breached CA$1 million for the first time in February, with gains accelerating in the suburbs…

February 2021 home sales increase up to 73.3 percent, from same month in 2020 - REBGV

2021-03-02

Buyer competition heats up in Vancouver, home prices post 7% increase in February Sean MacKay Livabl Photo:  Chloe Evans  /  Unsplash With spring just around the corner, home sales surged across the Vancouver region last mont…

Reformation to enhance more co-ordinated segments of the financial services sector

2021-03-02

Amendments to improve oversight for real estate, financial services Victoria other People buying or selling a home will benefit from a real estate industry with more efficient and co-ordinated oversight from BC Financial Services Authority …

B.C extend freeze rent till 2021 due to pandemic

2021-03-01

B.C. to extend rent freeze to end of 2021, increase protections against 'renovictions' CBC Staff CBC Radio   Tenants can disregard any notice of a rent increase they've received that would have taken effect before Jan. 1, 2022. St…

Bank of Canada has observed excess exuberance in Canada's housing market

2021-02-28

Vancouver real estate: home across Trout Lake listed $1.7 million, sells $870,000 over asking for $2.6 million Carlito Pablo The Georgia Straight The Straight has previously reported about homes selling over $500,000 on top of their listed …