Real Estate News & Articles

PM Trudeau announced the extended wage subsidy program

2020-07-15

Trudeau extends CEWS program until December Ephraim Vecina Mortgage Broker News The federal government has announced that it will be extending its wage subsidy program – which has proven  instrumental  to the continued survi…

BC Housing Markets Bounce Back in June

2020-07-14

BCREA shows housing market revitalized Brendon Ogmundson BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,166 residential unit sales were recorded by the Multiple Listing Service ® (MLS ® ) in Jun…

BC Housing Markets Bounce Back in June

2020-07-14

BCREA shows housing market revitalized Brendon Ogmundson BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,166 residential unit sales were recorded by the Multiple Listing Service ® (MLS ® ) in Jun…

Reverse mortgage as an exit strategy is a good idea?

2020-07-13

Using a reverse mortgage as an exit strategy Kasi Johnston Mortgage Broker News Qualifying for a mortgage in Canada is no easy feat. In fact, over half of Canadians see it as a barrier to homeownership. On July 1, the Canadian Mortgage and …

Rural retreats beckon buyers as B.C. opens up

2020-07-13

Buyers are looking for safe retreats since the outbreak of COVID-19 Frank O'Brien Western Investor Nearly 10 acres of island waterfront for less than $750,000; luxury lakefront residences at Whistler and Tofino on the spectacular west coast…

How long this Pandemic affects the rental market

2020-07-13

COVID-19 shakes rental market Glen Korstrom Western Investor Cratering of travel and tourism action has persuaded many owners of short-term rentals to rent properties on long-term leases Reverberations from COVID-19 are shaking up the Metro…

Rural properties increasing demand during the pandemic

2020-07-13

Rural retreats beckon buyers as B.C. opens up Frank O'Brien Western Investor Nearly 10 acres of island waterfront for less than $750,000; luxury lakefront residences at Whistler and Tofino on the spectacular west coast of Vancouver Island a…

Multi-family sites push $25 million an acre

2020-07-11

Development sites still bought in the time of Covid Frank O'Brien Western Investor The value of residential development land in the Lower Mainland is increasing much faster than the price of the strata homes the land is being bought for, re…

Residential units sold for $6.6 million, or the equivalent of more than $25 million per acre.

2020-07-11

UPDATE: Multi-family sites push $25 million an acre Frank O'Brien Western Investor The value of residential development land in the Lower Mainland is increasing much faster than the price of the strata homes the land is being bought for, re…

CRA's eyeing tax audit for Canadian property transaction in the US

2020-07-10

CRA's tax audit of U.S. real estate transactions David Rotfleisch REM On June 25, Canada Revenue Agency (CRA) announced that it would carry out a tax review of six years of U.S. real estate transactions in order to find any tax non-complian…

RE/MAX: amidst the Pandemic Toronto Real estate market is growing

2020-07-08

RE/MAX: COVID-19 can?t slow demand in Toronto real estate market Ephraim Vecina Mortgage Broker News COVID-19 has not significantly deterred buyers in Toronto due to the market-friendly monetary and fiscal conditions driven by the federal g…

REW, B.C's real estate leading platform expanding their established listing adding rental properties.

2020-07-08

REW.ca shakes up the real estate market by adding rental properties?to B.C.?s most-used home platform Vancouver is Awesome other

Landlords can now issue a Notice to End Tenancy for any reason(unpaid or late rent payment)

2020-07-08

(Some) B.C. tenants can now be evicted WI Staff Western Investor The B.C. government has partially lifted a ban on residential rental evictions but is maintaining the moratorium on rent increases and evictions for non-payment of rent. B.C. …

CoreLogic launches AI driven platform for real estate agents

2020-07-07

OneHome streamlines communication between agents and home buyers Natalie Gagliordi other CoreLogic, a provider of data and analytics for the real estate and mortgage industries, is unveiling a new AI-based platform called OneHome that aims …

Developers, Investors strapped for cash. Does refundable deposit program will solve the gap?

2020-07-07

Refundable deposit program created for cash-strapped commercial developers, investors Ephraim Vecina Mortgage Broker News COVID-19’s impact on commercial real estate in Canada is still one of the pandemic’s greatest unknowns. No…

Sales gone down but home prices goes up, Northern B.C

2020-07-07

Home prices up, sales down across Northern B.C. WI Staff Western Investor Housing sales across northern B.C. were down 30 per cent through the first half of this year compared to 2019 – at one point hitting a 32-year-low – but t…

Canadian REIT index benchmark fluctuates during Q1

2020-07-06

REITs could roar off the floor Michael McNabb Western Investor Canada’s real estate investment trust (REIT) market was not spared in the March sell-off as investors rushed to hit the sell button while the world’s economies shut …

Homebuyers pulling the trigger in the Fraser Valley and beyond

2020-07-05

The Fraser Valley?s affordability and lifestyle a magnet for home buyers Randy Shore The Province B.C.’s real estate market is showing extraordinary resilience in extraordinary times, with wild increases in sales across the province. …

Prices steady as resale home in Metro Vancouver housing sales on June-Q2, increase 17 percent than June, 2019

2020-07-03

Prices steady as resale home sales increase Metro Vancouver's June housing sales up month-over-month and 17 per cent above June 2019 with prices higher than a year ago Glen Korstrom Western Investor Metro Vancouver posted 2,443 home sales i…

Telling Tale of Two Hotel Sales in Victoria, an Award-winning Waterfront Property.

2020-07-01

Telling tale of two hotel sales In Victoria, an award-winning waterfront property sells to a developer for $5.6 million while B.C. taxpayers pay $14 million for a half-century old motel where the building is assessed at $90,000 Frank O'Brie…

Metro Vancouver New Condo sales starts to fall

2020-07-01

New condo sales, starts plummet in Metro Vancouver Frank O'Brien Western Investor Only two new condominium projects with 200 units launched in the six weeks ending May 15, down 75 per cent from the same period in 2019 A pandemic panic may b…

Canada Revenue Agency will be taking a closer look at Real Estate transaction

2020-06-30

CRA to conduct cross-border investigation on real estate tax evasion Ephraim Vecina Mortgage Broker News

Canada Revenue Agency will be taking a closer look at Real Estate transaction

2020-06-30

CRA to conduct cross-border investigation on real estate tax evasion Ephraim Vecina Mortgage Broker News

Canada Revenue Agency will be taking a closer look at Real Estate transaction

2020-06-30

CRA to conduct cross-border investigation on real estate tax evasion Ephraim Vecina Mortgage Broker News