Real Estate News & Articles

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 The Canada Revenue Agency has announced that it will be taking a closer look at real estate transactions in the United States to search…

Vancouver Real Estate Market and among other major markets marked slowdown

2020-06-30

Brokers: Vancouver market still a long way from full recovery Ephraim Vecina Mortgage Broker News Despite the economy reopening, Vancouver is still far from its normal highs as one of Canada’s leading real estate destinations, accordi…

Toronto city council mandates residents to wear mask

2020-06-30

Toronto city council votes to make masks mandatory indoors CBC News CBC Radio Toronto Mayor John Tory is urging residents to begin to wear masks or face coverings before the by-law goes into effect next week. 'It is the right thing to do,' …

CRA: Tracks thousand beneficiaries abusing federal financial assistance programs

2020-06-29

CRA: Thousands abusing federal financial assistance programs Ephraim Vecina Mortgage Broker News Federal financial aid – which was intended to get households and businesses back on their feet amid the ravages of the COVID-19 pandemic …

Pandemic's economic effects could haunt Metro Vancouver housing into 2022

2020-06-25

Pandemic could dent Metro house prices for years, CMHC suggests Derrick Penner The Province A downturn in Metro Vancouver housing markets due to the COVID-19 pandemic could range from gloomy to downright dismal through 2022, according to th…

Just West 46-96 King Edward Avenue 55 garden suites and townhomes by Sightline Properties

2020-06-25

Just West offers convenient location near rapid transit and urban amenities Simon Briault The Province It’s not hard to find a condo for sale in Vancouver. You won’t have too many problems finding a single-family home either &md…

Macro Research Board reports that Canadian housing market on thin ice

2020-06-25

Report says housing market is due for a crash David Kitai Mortgage Broker News A report from an international macroeconomic research firm says that Canada’s economy is headed for a long, difficult period due largely to the effects of …

Banks, Borrowers, Broker or There has clearly been a communication breakdown educating about the implications of mortgage deferrals

2020-06-25

Brokers, borrowers, the Big Six: Who dropped the ball on mortgage deferrals? Clayton Jarvis Mortgage Broker News When COVID-19 shut down the Canadian economy in March, homeowners across the country, facing the prospect of falling behind on …

Macroeconomic research foresee about housing market is due for a crash

2020-06-25

Report says housing market is due for a crash David Kitai Mortgage Broker News

The road to a full recovery, defined as economic activity reaching its pre-COVID-19 level, B.C

2020-06-25

B.C. will lead post-pandemic recovery Tyler Orton Western Investor British Columbia is poised to weather the economic uncertainty of the COVID-19 better than all other provinces, according to a new report from Deloitte Canada. “The B.…

Canadian Housing Market is due for a crash

2020-06-25

Report says housing market is due for a crash David Kitai Mortgage Broker News A report from an international macroeconomic research firm says that Canada’s economy is headed for a long, difficult period due largely to the effects of …

CMHC projects trajectories for Toronto, Vancouver, Montreal real estate in new summer outlook

2020-06-24

McLister says employment and income remain key factors in housing market David Kitai Mortgage Broker News On Tuesday, the Canadian Mortgage and Housing Corporation released its summer 2020 Housing Market Outlook, the most recent in a series…

Crown corporation announces loan program for mid-sized businesses hurt by COVID-19

2020-06-24

Mid-size business are companies with revenues between 100M and 500M Ephraim Vecina Mortgage Broker News The Business Development Bank of Canada has announced that it will be providing loans for medium-scale companies that were significantly…

LGBTQ home buyers can now look for Zillow listings in states with anti-discrimination laws

2020-06-24

US Supreme Court ruled gender identity and sexual orientation protected Candyd Mendoza other In light of the significant civil rights win for LGBTQ Americans last week, Zillow has announced that all for-sale and rental listings on its platf…

Property management goes handy because of the latest technology

2020-06-23

Latest technology improves property management Parisa Tong Western Investor Sophisticated real estate investors now demand and deserve more than email communications. Property management firms must embrace cutting-edge technologies in order…

Metro Vancouver condominium rental market ride out during pandemic

2020-06-23

Vancouver condo rentals ride out pandemic Frank O'Brien Western Investor Metro Vancouver’s condominium rental market – which involves approximately 69,000 units owned by investors, according to Canada Mortgage and Housing Corp.(…

Consumer Gen-Zers and millennials forcing to delay home purchase because of Covid-19

2020-06-23

COVID-19 forcing millennials, Gen Z to delay home purchases ? TransUnion Ephraim Vecina Mortgage Broker News Gen-Zers and millennials are the consumer cohorts most affected by COVID-19, with a recent TransUnion survey finding that 21% and 1…

Conference Board of Canada foreseeable outlook for Canadian Real Estate economy

2020-06-23

Conference Board releases mid-term outlook for Canadian real estate, economy Clayton Jarvis Mortgage Broker News On Monday, the Conference Board of Canada released its anticipated look at the mid-term future of the Canadian economy. The Boa…

COVID-19: Government Extends CERB, delays CEBA Update

2020-06-20

The federal government updated CERB other Please note: the federal government is constantly updating their website as new information is announced. Remember to check   Canada’s official coronavirus webpage   and   CREA&…

CMHC is making to the minimum credit score required for insured mortgages

2020-06-20

CMHC's new minimum Beacon requirement: Who's going to suffer? Clayton Jarvis Mortgage Broker News

Eastridge Panorama 5528 148 St, Surrey, 36 rancher-style 3 bedroom townhomes by Infinity Properties

2020-06-19

Eastridge Panorama ticks all the downsizer boxes Simon Briault The Vancouver Sun If you asked a typical downsizer what they’re looking for in a new home, they’re likely to come up with some combination of the following: a place …

Shockwave increase in sublease space nearly doubled the vacancy rate in downtown Vancouver

2020-06-19

Sublease office space spikes in Vancouver WI Staff Western Investor Vancouver’s downtown office market remains solid, CBRE report contends A “shockwave” increase in sublease space has nearly doubled the vacancy rate in dow…

Shockwave increase in sublease space nearly doubled the vacancy rate in downtown Vancouver

2020-06-19

Sublease office space spikes in Vancouver WI Staff Western Investor

Multi-family rental building sold for above assessed value during Covid crisis

2020-06-18

Maple Ridge apartment block sells for $181.6K per door Mike Guinan-Browne Western Investor Property type: Multi-family rental  Location: 22182 Dewdney Trunk Road, Maple Ridge Number of units: 30 Land size: 27,878 square feet (0.64 acre…