Real Estate News & Articles

Renters are facing the threat of eviction during Pandemic

2020-09-18

East Vancouver tenants threatened with eviction by indebted developer Ephraim Vecina Mortgage Broker News Tenants in East Vancouver are being pushed out to make way for a residential project, but the developer is allegedly saddled with hund…

Mayor Kennedy Steward viable plan for affordable homes in Vancouver

2020-09-18

A look at Mayor Kennedy Stewart's plan for creating affordable homes in Vancouver Clayton Jarvis Mortgage Broker News On Monday, Vancouver mayor Kennedy Stewart announced an ambitious plan intended to “make Vancouver affordable for th…

34-storey condo tower in downtown Kelowna

2020-09-18

Kelowna condo tower looks like investor play Frank O?Brien Western Investor

Fed would keep near 0% rates for the foreseeable future

2020-09-17

Fed could keep rates near zero through 2023 Ryan Smith other

BC Real Estate investment decline to its lowest level since 2015

2020-09-17

Avison Young: BC real estate investment at its lowest since 2015 Ephraim Vecina Mortgage Broker News Investment in British Columbia’s commercial real estate in the first half of 2020 declined to its lowest level since 2015, bringing a…

CREA: Home price shot up by 18.5%

2020-09-17

Royal LePage CEO: Supply shortage pushed home prices up 18.5% Ephraim Vecina Mortgage Broker News Inventory shortages in major urban markets triggered an “unhealthy” spike in home prices in August, according to Phil Soper, chief…

Canadian inflation rate remains firm in August

2020-09-17

Annual inflation rate unchanged in August Ephraim Vecina Mortgage Broker News The Canadian annual inflation rate was static at 0.1% in August, with rising food prices counteracted by weakening gasoline costs, according to Statistics Canada.…

As Pandemic goes on, what should Canadians strategic plan with their U.S. properties?

2020-09-17

As COVID-19 drags on, what should Canada's snowbirds do with their U.S. properties? Clayton Jarvis Mortgage Broker News

B.C Economic Recovery Plan fails to offer help for small businesses

2020-09-17

B.C. economic recovery plan misses Main street: CFIB WI Staff Western Investor Province’s $1.5 billion pitch falls short on the immediate needs of many small businesses, says Canadian Federation of Independent Business any B.C. retail…

200 rental apartments with industrial and offices soon to rise at Main Street and East First Avenue

2020-09-17

First tri-mix building underway in False Creek Flats WI Staff Western Investor   Vancouver’s first real estate development considered a ‘tri-mix,’ combining residential apartments with offices and industrial space has…

0.3 Acres in Abbotsford lot sells $400K over assessed value at $1.4 million

2020-09-17

Abbotsford lot sells $400K over assessed value at $1.4 million London Pacific Property Agents Inc. Western Investor

B.C Multi-family rental building insurance increase while raise rents is frozen

2020-09-16

Landlords squeezed as insurance premiums skyrocket Frank O'Brien Mortgage Broker News

Opendoor a distruptive online marketplace for buying and selling houses

2020-09-15

Palihapitiya finds next ?10x idea? with $4.8 billion SPAC deal for real estate start-up Opendoor Leslie Picker other   Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisiti…

Homeless people in Vancouver are increasing

2020-09-15

Vancouver considering sanctioned camps for homeless Mike Howell Western Investor A City of Vancouver homeless count conducted over 24 hours in March found that 2,095 people were without a home. Mayor Kennedy Stewart now says the homeless po…

Bank of Canada 4.79% benchmark rate might be the right time to secure the mortgage

2020-09-15

Bank of Canada's 4.79% benchmark rate expected to increase home buyers' purchasing power Duffie Osental Mortgage Broker News

Equifax's new mortgage inquiry process guidelines started effectively today

2020-09-14

It's here: Equifax's new inquiry process begins today Clayton Jarvis Mortgage Broker News Unless you’re one of those unique Mortgage Broker News readers who has been living in a hole for the past five months – and, considering t…

CMHC: Mortgage payment will significantly increase once deferral program end this fall.

2020-09-14

CMHC: Around $1bn in mortgage payments have been deferred each month during pandemic Ephraim Vecina Mortgage Broker News Approximately $1 billion in mortgage payments were deferred every month during the COVID-19 pandemic, according to the …

Toronto enforcement of new registration program for Airbnb impact properties investor

2020-09-11

How will Toronto's new registry for Airbnb properties impact investors? Clayton Jarvis Mortgage Broker News Toronto’s Airbnb investors in woke up to a new, potentially risky reality yesterday, as September 10 marked the launch of the …

Mortgage Stress test updated

2020-09-11

Stress test must be revised to reflect market realities ? economist Ephraim Vecina Mortgage Broker News Improved purchasing power will stem from the mortgage stress test being updated to reflect the sub-2% rates currently available in the m…

CMHC housing activity at highest level since 2007

2020-09-11

CMHC: Housing starts activity reaches highest point in 13 years Ephraim Vecina Mortgage Broker News A surge in multiple-unit home construction boosted Canada’s housing starts activity to its highest level since 2007, according to new …

Housing market still getting strong despite given forecast on housing recession

2020-09-11

The pandemic housing recession that never was Frank O?Brien Western Investor On May 27, 10 weeks after COVID-19 was declared a global pandemic, Canada Mortgage and Housing Corp. (CMHC) released a doomsday-style housing forecast that envisio…

Offices and warehouse soon to rise in Seaspan Victoria Shipyards projected price $26 million, Vancouver

2020-09-11

Omicron pitches $26 million shipyard plan near Victoria Carla Wilson Western Investor The 81,500-square-foot space would allow Seaspan Victoria Shipyards to amalgamate its supply-chain operations on one site at Colwood   Vancouver deve…

4,438-square-foot industrial building sells $2.55 million

2020-09-11

Vancouver 4,438-square-foot industrial nets $2.55 million William Wright Western Investor The free-standing building fitted out as a martial arts studio and has ample parking on the Graveley Street site in East Vancouver. Type of property: …

Top 5 reasons Canadians are confident about housing market

2020-09-10

Five reasons Canadians have little reason to fear a housing crash Clayton Jarvis Mortgage Broker News Whether they take place during a pandemic-fuelled recession or during a period of sustained economic expansion, record-shattering home sal…