Real Estate News & Articles

Bank of Canada holds overnight interest rate at 0.25%

2020-12-09

Bank of Canada keeps overnight rate frozen at effective lower bound Ephraim Vecina Mortgage Broker News In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. “Th…

Increase crime is one of the retailers struggle during the pandemic

2020-12-08

Rise in crime a fixture on B.C.?s main streets Frank O'Brien Western Investor Vancity survey of downtown strips in Victoria, Vancouver, Surrey and Kamloops reveals rise in vandalism, break-ins bedevil retailers struggling during pandemic A …

World economy putting stronger faith on the positive outcome of the Covid vaccine

2020-12-08

Economy, real estate balanced on the tip of a needle Frank O'Brien Western Investor   Canada and its commercial real estate community must be congratulated for a quick, coordinated response to the global pandemic, but, as a weary natio…

Recreational properties surge up to 11.5 percent as people reevaluate their lifestyle during pandemic

2020-12-08

Prices surge for B.C. recreational properties as people 're-evaluate their lifestyle? Joanne Lee-Young The Vancouver Sun Landscape architect Paul Sangha. Photo by Arlen Redekop /PNG Vancouver landscape architect Paul Sangha has long created…

Rental housing with 1,728 units to be build in Burnaby?s Lougheed Town Centre

2020-12-08

Starlight plans Metro?s biggest rental development Frank O?Brien Business in Vancouver Canada’s biggest landlord is planning Metro Vancouver’s largest rental housing development near Burnaby’s Lougheed Town Centre. Starlig…

Investment company wants to unload 8 retail properties in Vancouver

2020-12-07

Vancouver real estate: investment company seeks to unload eight retail holdings at Robson Street condo for $23 million Carlito Pablo The Georgia Straight An investment company wants to unload its retail holdings in Vancouver’s most po…

A positive impact to address B.C vacancy taxes during pandemic

2020-12-06

Douglas Todd: Startups offer way to address hefty B.C. vacancy taxes Douglas Todd The Vancouver Sun   Aaron Hutchinson sees a win-win every time he drives past another collection of Vancouver houses bundled together by a developer for …

Multi-family assets continue strong demand by investors

2020-12-04

Investors will continue to favour multi-family WI Staff Western Investor We predict 2021 will be a very active and positive year for the multi-family sector as investors continue to be drawn towards defensive real estate assets. 2020 starte…

60% investors eyeing on increase lending in the multi-family market

2020-12-04

Lenders shy from retail, bullish on industrial and multi-family WI Staff Western Investor While lenders may have taken a more cautious approach to 2021, capital for real estate is still expected to remain abundant, albeit more targeted in n…

Another help on the way to the Home owner regarding best term pricing scheme, strata insurers

2020-12-02

B.C. strata insurers to end 'best terms pricing' scheme by Jan. 1 Jennifer Saltman The Vancouver Sun The practice was identified in a report this summer as one of several factors inflating strata property insurance premiums in B.C. Condomin…

REBGV data shows Vancouver home sales is higher 22% since November 2015

2020-12-02

Vancouver home sales just had best November since 2015 Sean MacKay Livabl Vancouver region home sales rose past the 3,000-transaction mark last month as buyer demand showed no sign of slowing even after months of record or near-record-break…

Luxury penthouse with 1,310 square feet at Burfeild Place, West Vancouver

2020-12-02

Here's what a $6.2 million penthouse floor plan in West Vancouver looks like Michelle McNally Livabl

Luxury penthouse with 1,310 square feet at Burfeild Place, West Vancouver

2020-12-02

Here's what a $6.2 million penthouse floor plan in West Vancouver looks like Michelle McNally Livabl If you’re in the market for a condominium suite with panoramic views and a massive amount of outdoor space, then one high-end project…

Canadians were optimistic thats housing market remain steady and good investment

2020-12-02

Listings shortage will push Canadian home prices higher in 2021: RE/MAX Sean MacKay Livabl

Canada's housing market will remain steady in 2021

2020-12-01

Canadians on the move: Not an exodus, but the re-location trend across Canadian housing market is real RE/MAX Staff other 35% of RE/MAX brokers indicate that “move-over” buyers from other cities and provinces will continue to sp…

Bank of Scotia remains optimistic regarding economy?s ability to bounce back from pandemic

2020-12-01

Scotiabank reports fall in profit and revenue The Canadian Press Mortgage Broker News   Bank of Nova Scotia’s president and chief executive says he’s “cautiously optimistic” about the economy’s ability to …

Need to know about: Serving Notices During Tenancy

2020-12-01

Serving Notices During Tenancy BC Columbia other

Interest free loan for small business by 50 percent

2020-12-01

Small-biz loans receive top up of 50 per cent Barbara Shecter The Vancouver Sun The federal government is boosting the size of its interest-free loan program for small businesses by 50 per cent to help them weather the pandemic, with half o…

Bank of Nova Scotia's - housing market, retail spending is experiencing robust growth this quarter

2020-12-01

Scotiabank reports fall in profit and revenue The Canadian Press Mortgage Broker News Bank of Nova Scotia’s president and chief executive says he’s “cautiously optimistic” about the economy’s ability to bounce …

Developers aim an innovative way to a pandemic proof homes

2020-11-27

Builders aim to pandemic-proof new homes Frank O'Brien Western Investor Landmark: designs for “the new normal.” | Submitted Vancouver developer Qualex-Landmark is among the first to implement a number of measures to reduce the s…

Concord Towers-1,014 units located in 10547 City Parkway and 13468 105A Avenue, Surrey

2020-11-25

Concord to build 1,014 condos in two Surrey towers Graeme Wood The Vancouver Sun Surrey’s downtown core is expanding with approval of two residential skyscrapers built by developer Concord Pacific and comprising 1,014 units. Surrey Ci…

Analyst foresee about home prices could drop , pre-pandemic normal

2020-11-24

New analysis says GTA home prices could drop by as much as 26% Ephraim Vecina Mortgage Broker News A potential housing supply shock might send Canadian home prices plunging by up as much as 11% on average, according to equity think-tank Ver…

Federal government accepting applications for Commercial Relief Program

2020-11-23

Applications open for fed?s new commercial rent relief program WI Staff Western Investor Download Document

Surrey City New development update for the month of November

2020-11-21

November City Centre?Update UrbanSurrey other The November issue of the City Centre Monthly Update is now out at SurreyCityCentre.ca. This month’s newsletter includes a round-up of new Development Applications, Council Approvals, and …