Real Estate News & Articles

Vancouver homes sales remain strong despite of pandemic

2020-10-08

Despite concerns over a COVID-19 correction, Vancouver home sales remain strong Ephraim Vecina Mortgage Broker News The COVID-19 pandemic did not appear to have had a significant negative impact on Vancouver housing activity, with the marke…

Comprehensive online seller tool for real estate industry

2020-10-06

Canadian tech company uses machine learning to assess your home?s market value Michelle McNally Livabl   An Edmonton-based tech company is rolling out a suite of online tools to help home buyers and sellers navigate the market as the p…

Needs to be vigilant in bogus buyers during this pandemic

2020-10-06

Toronto-based brokers warn of a rise in bad-faith buyers Ephraim Vecina Mortgage Broker News A disturbing trend of would-be home buyers not pushing through with their transactions after making offers is becoming apparent in Toronto and othe…

Toronto housing market shows no sign of slowing

2020-10-06

Zoocasa: Growth of home prices in Toronto shows no sign of slowing Ephraim Vecina Mortgage Broker News Attesting to the market’s status as one of Canada’s hottest housing destinations, Toronto apartment prices have grown by 78% …

Vancouver's housing market soaring high in September sales

2020-10-05

Vancouver's housing market breaks sales record in September Sean MacKay Livabl With 3,643 homes changing hands last month, the Vancouver housing market broke the all-time record for sales in September. The total for September meant sales ro…

Multi-family houses takeover closes at $4.5 billion - St. Paul, Alberta

2020-10-01

Northview REIT takeover closes at $4.5 billion Frank O?Brien Western Investor

Multi-family houses takeover closes at $4.5 billion - St. Paul, Alberta

2020-10-01

Northview REIT takeover closes at $4.5 billion Frank O?Brien Western Investor Calgary-based Northview Real Estate Investment Trust (REIT), a major multi-family landlord, has been acquired by Starlight Group Property Holdings Inc. a major sh…

Whats the forecast says about Canadian home market price

2020-10-01

Op-Ed: Why all the fear mongering by the CMHC over Canadian home prices? Christopher Alexander Mortgage Broker News The strength of the Canadian real estate market has proven itself time and again during the pandemic. While we’re not …

Toronto rank #3 in annual bubble index in North America real estate market

2020-09-30

Toronto is the only North American real estate market considered in bubble territory Rachelle Younglai The Globe and Mail   Toronto home prices are overvalued, making it the only North American city at high risk of being in a bubble, a…

5 Canadian Cities where its cheaper to purchased a house today than 5 years ago

2020-09-29

Canadian Cities Where It?s Cheaper to Buy a Home Today Vs. 5 Years Ago: REPORT Jannine Rane other National home sales and listings continued to climb in housing markets across the country this August, as some of the pressure from pent-up de…

601 Beach - new 55 storey proposed twisting tower with 303 condo units and 155 social housing units to be developed by Pinnacle

2020-09-28

Dan Fumano: Long, winding road leads to twisting tower pitched for ex-Expo site Dan Fumano The Vancouver Sun The tower proposed for the north end of the Granville Bridge is striking, featuring what its architects call “undulating curv…

41-acre Luxury resort properties sold for $8.4 million, Pemberton, BC

2020-09-28

Record $8.4 million sale shows legs of luxury market Frank O'Brien Western Investor Sales of luxury resort properties show portion of population have been largely unaffected by pandemic-caused recession   A record sale of an $8.4 milli…

Sublease bulge expected office vacancy rates increases

2020-09-28

Sublease bulge pushes office vacancy rates higher higher Frank O'Brien Western Investor With a spike in sublease space shoved back onto the market in the third quarter, Vancouver’s downtown office vacancy rate has risen to 4.7 per cen…

Covid disrupt housing market expected by several Canadian

2020-09-25

Moody's: Significantly lower home prices expected in several Canadian markets Ephraim Vecina Mortgage Broker News While federal financial aid and mortgage deferrals have propelled some price growth recently, it will be only a matter of time…

American innovative tool to reduce cost effective and save time

2020-09-25

How First American uses automated valuation models to reduce costs and save time Clayton Jarvis other As resistant as the mortgage industry can sometimes seem when it comes to innovation, its growing acceptance of data analytics as a tool f…

1.6 acres zoned for Single-family residential sells $1 million over ask

2020-09-24

Surrey 1.6 acres zoned for houses sells $1 million over ask Varing Marketing Group / Abbotsford Western Investor The South Surrey infill site, zoned for single-family residential development, sold for $6.5 million.   Property type: Res…

Marriott suffered the worst market decline in 2020

2020-09-23

Marriott market cap plunged 31 per cent this year WI Staff Western Investor Major Western Canada hotel developer has suffered the worst decline in market capital among world’s largest hotel chains during coronavirus crisis. Marriot Ho…

High numbers of CERB recipients will crash out once CERB ends

2020-09-22

Number of Canadians without support "disturbingly high" once CERB ends Ephraim Vecina Mortgage Broker News

Helping Tenants and Small Businesses Act passed, big help for Canadian family regarding rent prices throughout 2021

2020-09-22

Ontario implements moratorium on residential rent prices Ephraim Vecina Mortgage Broker News The Ontario government has announced that it will be freezing the province’s residential rent prices throughout 2021. Premier Doug Ford said …

Will the new CMHC plan on Rapid Housing Initiative can stimulate the economic recovery?

2020-09-22

New CMHC initiative to focus on rapid creation of new housing supply Ephraim Vecina Mortgage Broker News The Canada Mortgage and Housing Corporation has announced its new Rapid Housing Initiative (RHI), which is intended to address urgent h…

Multi-family real estate in Canada are exceptionally strong

2020-09-22

The state of multi-family real estate in Canada Clayton Jarvis Mortgage Broker News If any readers are friendly with commercial real estate junkies, they’ll already have heard an earful about how industrial and multi-family properties…

Pandemic increases industrial properties interest

2020-09-22

Soaring industrial land prices define a strong sector Frank O?Brien Western Investor A 2.4-acre vacant industrial site in Port Coquitlam didn’t last long on the market this September when it was listed by Cushman & Wakefield at $9…

CMHC predicted home prices could fall 18 percent due to pandemic

2020-09-21

Short-term real estate prices in Canada to be "flat to ten percent lower" ? LowestRates.ca CEO Clayton Jarvis Mortgage Broker News According to a recent report by mortgage comparison site LowestRates.ca, the rocket the Canadian real estate …

Canadian Millennials are more optimistic purchasing home despite of Pandemic

2020-09-18

Scotiabank: Millennials hopeful about buying homes despite COVID-19 Ephraim Vecina The Vancouver Sun Compared to other demographics, Canadian millennials are more optimistic about purchasing a home during the COVID-19 pandemic, according to…