Real Estate News & Articles

BC housing market remains tight as supply are increasing

2020-10-23

BC home price gains are accelerating as supply remains tight Sean MacKay Livabl It’s been a rollercoaster of a year for the BC housing market and the situation promises to keep both buyers and sellers on their toes for months to come.…

CMHC previous prediction about home price is no longer applies despite of pandemic

2020-10-22

Is the CMHC's forecast of a major price drop this year still relevant? Ephraim Vecina Mortgage Broker News The Canada Mortgage and Housing Corporation’s previous prediction of a 9-18% home price drop this year no longer applies, accor…

CMLS Financial appointee expects demand for multifamily properties and developable land to remain strong

2020-10-22

Where are the opportunities in Western Canadian commercial real estate? Ephraim Vecina Mortgage Broker News The Canada Mortgage and Housing Corporation’s previous prediction of a 9-18% home price drop this year no longer applies, acco…

9 out of 35 City of Toronto neighbourhoods where the median detached house price under $1M

2020-10-22

Median Detached House Price Under $1M in Only 9 of 35 City of Toronto Neighbourhoods Jannine Rane other September was a record-breaking month for home sales in the GTA, as more city-dwellers reassessed their housing priorities in search of …

Bank of Canada is still not doing enough to guide the nation out of recession-Economist

2020-10-21

Economists: Current BoC measures not enough to counter recession Ephraim Vecina Mortgage Broker News

Canada's housing market sales history in a closer look

2020-10-20

A closer look at Canada's off-the charts home sales activity in September Clayton Jarvis Mortgage Broker News   Last week, CREA released its housing data for September 2020, with the headline number being a nationwide year-over-year in…

Front Yard, second largest single family landlord closed deal in $2.4 Billion Deal

2020-10-19

Pretium, Ares to Purchase Front Yard in $2.4 Billion Deal Patrick Clark and Prashant Gopal Bloomberg Pretium and Ares Management Corp. have agreed to purchase Front Yard Residential Corp. in a deal valued at $2.4 billion that would create t…

Different predictions for Metro Real Estate market

2020-10-19

Diverging predictions for Metro real estate market Joanne Lee-Young The Province The Vancouver real estate industry reported another month of higher sales and prices in September and continues to defy dire predictions of a pandemic-induced …

Pre-construction condo investors need to be vigilant both seller and buyer

2020-10-19

Careful, pre-construction condo investors. Lenders don't like funding assignments Clayton Jarvis Mortgage Broker News Readers of Mortgage Broker News will be all too familiar with the pitch from realtors who specialize in pre-construction c…

Vancouver housing market sales up nearly 54% in mid-October as recovery continues

2020-10-19

Vancouver home sales up nearly 54% in mid-October as recovery continues Sean MacKay Livabl As of the middle of October, 1,741 homes have changed hands in the Vancouver region, up nearly 54 percent from the first half of the month last year.…

43 storey curved residential tower is expected to be completed in 2021-22, Vancouver

2020-10-18

Vancouver real estate: record $500,000 bonus awaits realtor of buyer of $13.8 million condo in tower under construction Carlito Pablo The Georgia Straight As far as realtor bonuses go, this could be one for the books. A seller is offering a…

First prime 40 storey luxury high rise tower in Burnaby

2020-10-16

Akimbo is Redefining the Skyline in Brentwood Michelle Hopkins REW Burnaby's first super prime tower offers a new level of luxury Brentwood has really grown up. Today, this is a sought-after neighbourhood with great outdoor cafes, fabulous …

Immigration plunge affecting Vancouver's rental market

2020-10-15

Vancouver rents fall as immigration goes negative Frank O'Brien Western Investor   — East Vancouver 16-suite rental building sold for $5 million.| Goodman Commercial Net immigration to British Columbia has gone negative, plunging…

Multi level retail/office sold for $31.2 million in Vancouver

2020-10-15

Vancouver 0.21-acre commercial site sells for $31.2 million Lee & Associates Western Investor Off-market deal involves multi-level retail/office building on West Hastings Street.   Type of property:  Retail Location:  475 Wes…

Travel industry is among the highest affected industry in Covid-19

2020-10-14

WestJet drops most Atlantic Canada flights after demand 'obliterated' by travel restrictions Barbara Shecter other Eliminates almost 80 per cent of seat capacity from the Atlantic region — after airline boosted routes there WestJet pr…

Canadian housing market facing a biggest housing bubble risk

2020-10-14

Canada, home of North America?s biggest housing bubble risk, defies pandemic with price hikes across the country Ari Altstedter other Median home price expected to reach $693,000 by the end of the year, a 7 per cent increase from the end of…

Stunning architectural design of a 55-storey condo tower approves by Vancouver council

2020-10-14

Vancouver council approves 55-storey condo tower WI Staff Western Investor Artist rendering of curvy 535-foot tower. | Jyom Architecture Vancouver council has approved a 55-storey condo tower that will be the fourth-highest tower in the cit…

Vancouver housing market is now shifted back into seller's market territory

2020-10-14

Vancouver housing is now firmly in seller?s market territory Sean MacKay Livabl What a difference a year makes. Last October, it was buyers who were calling the shots in the Vancouver region’s housing market as higher detached home in…

Lower rates cut might disrupt Canadian financial system - Macklem

2020-10-13

Negative rates down the line are possible, says BoC's Macklem Ephraim Vecina Mortgage Broker News Bank of Canada Governor Tiff Macklem said in a video conference last week that further rate cuts remain an option in providing economic stimul…

Covid-19 challenge the real estate market will this be an indication of slow real estate market?

2020-10-13

Will a pause in open houses slow Ontario's raging real estate market? Clayton Jarvis Mortgage Broker News   On Friday, the Ontario Real Estate Association called on the province’s realtors to put a temporary halt to open houses. …

CMHC: Housing starts sales decline by 20% in just a month

2020-10-09

CMHC: Housing starts activity fell by 20% in just a month Ephraim Vecina Mortgage Broker News Amid a tepid pace of economic recovery, Canadian housing starts have seen a significant 20% month-over-month decline, according to the Canada Mort…

Slowdown in Toronto's condo market is a sign of dark dark ahead?

2020-10-09

Are dark days ahead for the Toronto condo market? Ephraim Vecina Mortgage Broker News Toronto’s condo market weakness is especially apparent in the downtown area, which saw a 215% annual increase in listings last month, according to l…

Canadians need to know on how to handle when someone dies with a home or mortgage

2020-10-09

What happens to a home or mortgage when someone dies? Many Canadians don't know Clayton Jarvis Mortgage Broker News Proposed Vancouver bylaw would force mixed-use commercial real estate values down by up to 30 per cent, according to city do…

PM Trudeau unveiled several changes to the existing program CEBA, CEWS and CERB Replacement

2020-10-08

COVID-19: Government Announces New Rent Program, Improved CEBA and CEWS, CERB Replacement CREA Faculty other Following months of lobbying by the Canadian Real Estate Association (CREA) in collaboration with other business groups, today the …