Real Estate News & Articles

Despite of Covid-19 22.3% increase of home sales compare same month last year

2020-08-06

A case of the haves and the have-nots': Vancouver home sales and prices jump in July Jessy Bains other The COVID-19 pandemic hasn’t pushed Metro Vancouver home buyers to the sidelines the way many expected, at least not yet. Instead, …

Insights on Pandemic effect in Real Estate Sales

2020-08-06

Real estate sales in the age of COVID-19 Toby Welch REM COVID-19 was like a bomb to the Canadian real estate industry, forever changing the way real estate is done. Markets were severely impacted and protocols were revamped overnight. The i…

Canada needs condominium insurance program

2020-08-05

Reader recommends national condominium insurance program The Province The Province Vancouver city council’s differing views on rental housing were on display at a recent meeting: Five members felt council should be acting as quickly a…

Access to transit is more valuable, home buyers are willing to pay extra.

2020-08-04

Home buyers willing to pay extra for SkyTrain proximity Kenneth Chan other   New data shows home buyers in Metro Vancouver are still willing to pay for the premium of being within close walking distance from a SkyTrain station. While t…

MLA Canada showed that condo inventory delays hound the Greater Vancouver market

2020-08-04

MLA Canada: Greater Vancouver seeing a shortage of condos Ephraim Vecina Mortgage Broker News The latest data from MLA Canada showed that condo inventory delays hound the Greater Vancouver market, a trend that might slow down the region&rsq…

Calgary housing market needs to brace itself for a long-term downturn - Calgary Real Estate Board

2020-08-04

Local real estate board has tough news for Calgary homeowners Ephraim Vecina Mortgage Broker News The Calgary housing market needs to brace itself for a long-term downturn, according to the Calgary Real Estate Board. Second-quarter home sal…

Ontario's Bill 184, needs to know and why?

2020-08-04

Ontario's Bill 184 poses risks to honest landlords, sellers and purchasers Natalka Falcomer REM At the risk of being chased with pitchforks, I’ll say it: Bill 184 is not an unapologetic piece of pro-landlord legislation. I say this as…

Q2 BC taxpayers biggest transactions were hotels, temporary shelter for homeless people

2020-07-31

B.C. taxpayers Canada?s biggest hotel buyers Frank O?Brien Western Investor   The British Columbia government was the largest single buyer of hotel properties in Canada during the second quarter (Q2), accounting for four of the 12 tran…

Bill 197 condo owners needs to know

2020-07-30

Will Bill 197 make condos more expensive for Ontario home buyers? Clayton Jarvis Mortgage Broker News Ontarians may still be wary of going back to the office, but the provincial legislature has had a very busy July. After passing the contro…

Greater Vancouver Condo Pre-Sales Cut In Half, New Inventory Delayed

2020-07-30

Condo Pre-sales at the same as June last year other The pandemic drove Greater Vancouver new home sales off a cliff, but things have improved… a little. MLA Canada, a Vancouver-based real estate firm specializing in condo pre-sales, …

B.C.s economy will be benefitting from the construction of three energy megaprojects, workforce expected to peak.

2020-07-29

Energy project jobs underpinning B.C.?s economy Nelson Bennett Western Investor While Canadian unemployment has soared due to COVID-19, British Columbia’s mega energy projects continue to generated thousands of jobs. The big energy st…

RioCan REIT's- Canada?s largest real estate investment trust, reported a $350.8 million loss in the Q2

2020-07-29

Retail REIT's hammered but eye recovery Frank OBrien Western Investor RioCan has posted a $350 million loss; Choice Properties saw its asset value drop by $380 million in Q2 Some of the largest retail landlords in Canada are facing huge los…

COVID-19 pandemic reduced the number of M&A deals

2020-07-28

COVID-19 took a bite out of Canada's startup M&A, but deals may be coming soon James McLeod other

Gold is price increase, but silver has an opportunity to go parabolic

2020-07-28

Gold is surging, but silver could go ?parabolic? as precious metal ratio narrows Victor Ferreira other Silver has risen 33 per cent in four months, and analysts see it hitting $30 The price of silver has shot up 34 per cent since the beginn…

High End building consider monthly rental, aside from prefer long term lease

2020-07-26

Luxury Vancouver building prefers long-term lease buyers, but would consider monthly rental Joanne Lee-Young The Vancouver Sun Developer Stanley Dee is marketing a visibly empty, super-high-end property in Vancouver’s West End. Acting…

1 out of 10 Canadians thinking to move back home

2020-07-23

One million adults plan to move back home Western Investor Western Investor

1 out of 10 Canadians thinking to move back home

2020-07-23

One million adults plan to move back home Western Investor Western Investor At least 1.5 million adult Canadians have already or plan to move back home with their parents, according to a national survey by Finder.com released July 24. B.C i…

Vancouver Approves 28-storey rental building at the corner of Broadway and Birch ? The Old Denys Location

2020-07-22

Vancouver approves 28-storey rental building in tightest of votes Dan Fumano The Province Opinion: The question, basically, was whether it's a worthwhile trade-off for the city to an increase from 17 to 28 storeys, despite strong neighbourh…

Teranet-National Bank data report that housing market will slowdown

2020-07-21

Despite recent sales activity, fresh Teranet-National Bank data points to decline in home prices David Kitai Mortgage Broker News Despite prices swelling in a number of Canadian markets, the most recent Teranet-National Bank National Compos…

Mass-timber methods call for designs to be drawn using sophisticated 3-D computer models.

2020-07-19

Mass timber gains momentum with construction sector as province starts on promotion Derrick Penner The Vancouver Sun A building named Crest is rising six stories above Lonsdale Ave. in North Vancouver to add 179 units of housing to the neig…

Some economist predicting those near zero-rates still continue

2020-07-16

Near-zero lending rates will continue Nelson Bennett & WI Staff Western Investor Multi-family financing five-year funding at unprecedented 1.3 per cent and and “we could slide further into uncharted depths” if downturn persists …

Things to know about Regulation A+ and how Does it Apply to Real Estate Crowdfunding?

2020-07-16

What is Regulation A+ and how Does it Apply to Real Estate Crowdfunding? Brad Cartier other Real estate equity crowdfunding is on the rise. According to Ian Formigle, Chief Investment Officer at real estate crowdfunding site CrowdStreet, si…

Another platform has announced for AirBnB investors

2020-07-15

A new option for struggling Airbnb investors: REW.ca Ephraim Vecina Mortgage Broker News Online marketplace Real Estate Wire (REW.ca) has announced the addition of more than 10,000 rental listings to its platform, which is accessible to Can…

Buyers agency exclusive contract explanation

2020-07-15

Understanding the Buyer's Agency Exclusive Contract BCREA When working with buyers in a real estate transaction in BC, REALTORS® may choose to use the Buyer’s Agency Exclusive Contract. BCREA has created this video for Realtors to…