Real Estate News & Articles

CMAs set to make their return for 2023

2022-11-25

2023 Canadian Mortgage Awards building connections Fergal McAlinden CMP Attending the prestigious gala event opens up a host of possibilities, 2022 winner says The Canadian Mortgage Awards (CMAs) are set to make their return for 2023, with …

Canadian real estate prices are forecast to fall further, but pandemic-era gains won't be wiped out

2022-11-25

Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ Daniel Wong other The outlook for Canadian real estate, and the economy in general, is looking a little less bright. Oxford Economics warned clients this w…

Canadian-traded crypto ETFs had just C$1.64 billion in assets under management | Daniel Straus

2022-11-25

Crypto Crisis Shrinks ETF Assets in Market That Embraced Them Layan Odeh Financial Post Retail investors in Canada were quick to put money into cryptocurrency exchange-traded funds after regulators allowed a proliferation of products that t…

Canadian sees their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis

2022-11-24

What's plaguing Canadians? Fergal McAlinden CMP New survey sheds light Canadians are seeing their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis, report says As mortgage rates continue to rise a…

0.87 acres multi-family rental in Kitsilano sells for $35.25 Million

2022-11-24

Kitsilano 74-unit rental building sells for $35.25 million Western Investor Staff Western Investor The updated, well maintained 56-year multi-family property is close to Vancouver’s Kits Beach on a 0.87-acre lot. Goodman Commercial, V…

Canadians believe that a recession is looming just beyond the horizon

2022-11-24

How many Canadians are bracing for a recession? Ephraim Vecina CMP Recession fears are revealed More than half of Canadians are anticipating any such recession to last at least a year A significant share of Canadians now believe that a rece…

Cap rates across office, industrial and retail properties inched up in the Q3 | CBRE

2022-11-24

Rising cap rates linked to strong cash flows, not weak demand Peter Mitham Western Investor Income-producing properties are providing a hedge against rising costs Cap rates on rising in B.C. but solid cash flows are so far supporting asset …

Tech tenants are responsible for 81% of all subleases available on the market in downtown Vancouver

2022-11-23

Tech firms leasing office space in the suburbs Tyler Orton Western Investor Some tech companies are taking a cue from their work-from-home staff and switching downtown costs for the savings and flexibility on the edge of town Work-from-home…

3 retail units in Vancouver sells for $3.7 Million

2022-11-23

East Vancouver 5,100-square-foot retail site sells for $3.7 million Western Investor Staff Western Investor The East Village parcel has three retail units, and the land offers development potential in an up-trending community. Corbel Commer…

2 units of strata office in Cloverdale sells for $1.03 Million

2022-11-23

Cloverdale 1,498-square-foot strata office sells for $687 per square foot Western Investor Staff Western Investor Sale price of $1.03 million nets fully renovated corner office strata in Pacific Business Park, Cloverdale area of Surrey, B.C…

Fed government's ban on new foreign ownership of residential property becomes law on January 2023

2022-11-23

Federal foreign buyer ban coming in January 2023 REBGV Staff REBGV At a glance (3 minute read): The federal ban on foreign buyers is coming January 1, 2023. The period will last two years. The ban will only apply to residential property. Th…

Soaring rental and interest rates have flipped the script on BC's housing investment outlook

2022-11-23

Outlook: multi-family rental buildings will attract big-ticket sales Frank O'Brien Western Investor Third-quarter sales dip in B.C.’s multi-family market expected to in be in rear view mirror shortly as interest rates stable and immig…

The top five greenest cities in Canada

2022-11-22

Three of Canada's top five 'greenest' cities are on the Prairies Western Investor Staff Western Investor New research has revealed Canada’s greenest cities, with Prince Albert coming out on top. Prince Alberta, third-largest city in S…

Canada's financial stability are elevated because of high levels of household debt along with rising interest rates, Rogers says

2022-11-22

Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada The Canadian Press Financial Post The Bank of Canada estimates that about 50 per cent of variable-rate, fixed-payment mortgages have reached the point whe…

Canada's financial stability are elevated because of high levels of household debt along with rising interest rates, Rogers says

2022-11-22

Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada The Canadian Press Financial Post The Bank of Canada estimates that about 50 per cent of variable-rate, fixed-payment mortgages have reached the point whe…

B.C.'s propose housing supply act would come into effect through regulations in mid-2023

2022-11-22

B.C. housing plan will immediately extend speculation taxes Frank O'Brien Western Investor New scheme would turn all condos into rentals and subject the owners to provincial and Vancouver ‘empty home’ taxes if not rented Banning…

0.49 acres retail in Victoria sells for $10.25 Million

2022-11-22

Entire city block in downtown Victoria sells for $10.25 million Western Investor Staff Western Investor Prime single-tenant retail location with 21,537 square feet of strata space on Government Street has frontage on three main roadways, wi…

B.C. government launches a Safer Communities Action Plan that aims to keep repeat offenders off the streets and strengthen communities | David Eby

2022-11-22

Suddenly, B.C. to become tough on crime Frank O'Brien Western Investor After five years of watching street crimes spiral out of control as Attorney General, B.C.’s new premier plans to crack down on chronic offenders Smashed storefron…

David Eby's introduce two pieces of legislation to boost housing supply

2022-11-22

B.C. premier's action on housing applauded by some, called 'modest' by others Bhinder Sajan CTV News Premier David Eby's government introduced two pieces of legislation to boost housing supply Monday. While he claims the plan is bold, some …

David Eby announces plan to amend the Strata Property Act, limiting restrictions on renting in stratas

2022-11-22

Rental restrictions could increase speculation, create more work for strata councils, homeowners say CBC Staff CBC Radio Some homeowners worry that if their stratas open up for rentals, landlords will be absent and strata council members wi…

David Eby plan to set housing-construction targets for municipalities

2022-11-22

'Partnerships have to work both ways': B.C. mayors blame province for slow work on affordable housing Katie DeRosa The Vancouver Sun Tired of being blamed for slow construction, mayors target province for lack of funding and slow environmen…

David Eby announces that legislation will be introduced this spring to create unexplained wealth orders targeting the proceeds of crime

2022-11-22

New B.C. law to target source of luxury wealth in money laundering crackdown Gordon Hoekstra The Vancouver Sun Instead of a presumption of innocence, under an unexplained wealth order, the onus falls on the alleged perpetrator to explain wh…

Premier announces legislation to stop strata councils from adopting restrictions against renting condos

2022-11-22

Eby seeks to end renter restrictions by some stratas, set housing targets for municipalities Katie DeRosa The Vancouver Sun Some B.C. mayors welcomed the proposed housing targets, saying it would help municipalities push through badly-neede…

Homes are becoming more affordable across the country, James Laird says

2022-11-21

ow much income do buyers need to afford a home in Canada's major cities? Mika Pangilinan CMP Buyers now need less income to qualify for the average home than they did over the summer as prices across Canada’s major cities declined in …