Real Estate News & Articles

Getting commercial buildings ready for back to work

2020-06-17

Getting buildings ready for back to work Connie Adair REM Clean it and they will come. Don’t and it could cost you your business. If a customer, client or guest looks into your business and doesn’t think it’s safe to ventu…

Home prices rise as B.C. real estate market continues to slump

2020-06-16

Home prices up but real estate sales in province continue to slump Scott Brown The Province B.C. home sales dropped more than 45 per cent in May compared with the same time last year but home prices continue to rise, according to a monthly …

Commercial check-in: What's in store for office real estate in Canada?

2020-06-16

Office space could be replaced by work-at-home workplace Clayton Jarvis Mortgage Broker News Canada’s commercial real estate sector is as unsettled as it has ever been. With CECRA struggling to work up a detectable heartbeat, there is…

Major Canadian bank warns of historic price declines in Toronto 13% and Vancouve 12%r

2020-06-16

National Bank of Canada predicts price decrease in real estate Ephraim Vecina Mortgage Broker News National Bank of Canada is predicting the largest ever price decrease in Canadian real estate this year, at an average of 9.8% from 2020 to 2…

Chelsea Estate 9747 Cameron Road Vernon 234 acre waterfront property for sale

2020-06-15

In the pink: Giant Vernon waterfront estate up for sale John Mackie The Province Realtor Mark Lester specializes in selling unique properties. “I’ve sold waterfront estates, I’ve sold private islands,” said Lester.&n…

Housing Market Activity Shows Signs of Recovery in May

2020-06-15

BCREA May housing market activity BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 4,518residential unit sales were recorded by the Multiple Listing Service®(MLS®) in May2020, a decline of 45.2per c…

Concord Pacific acquires former Cresford site The Clover on Yonge

2020-06-15

BC developer to acquire troubled Toronto condo site Kelsey Pudloski Livabl On Friday, Vancouver-based developer Concord Pacific announced it had acquired ownership of The Clover on Yonge, one of three under-construction condominium pro…

COVID-19 magnifies B.C.'s property assessment woes

2020-06-14

The assessment Appeal Board reports a spike in appeals in both 2019 and 2020 to more than 5,000 annually Derek Holloway Western Investor There’s nothing like an economic meltdown to expose a skewed property assessment system in Britis…

CMHC's new minimum Beacon requirement: Who's going to suffer?

2020-06-12

The credit score will change from 600 to 680 Clayton Jarvis Mortgage Broker News As with most announcements from the Canadian Mortgage and Housing Corporation, the rollout of the organization’s new underwriting guidelines on June 4 ha…

Canadian home prices forecast to drop 10% in pandemic fallout

2020-06-12

Home prices fall 10% from pre-pandemic market Sean MacKay Livabl Average Canadian home prices are projected to fall 10 percent from their pre-pandemic levels as high unemployment, rent declines and mortgage payment struggles caused by COVID…

CMHC is only one insurer of high ratio mortgages - others are Genworth and Canada Guarantee

2020-06-11

Genworth (and Canada Guaranty) vs CMHC: Good for the mortgage industry Clayton Jarvis Mortgage Broker News Canadians of all stripes were blindsided on June 4, when the Canadian Mortgage and Housing Corporation suddenly revised certain key u…

OSC investigation reveals Quadriga mystery was old-fashioned fraud wrapped in a new technology

2020-06-11

Watchdog probe reveals Quadriga mystery was simply a case of old-fashioned fraud Barbara Shecter The Vancouver Sun Following the death of the founder of Canadian digital currency platform QuadrigaCx, investigators at Canada’s biggest …

BCREA Housing Forecast Second Quarter

2020-06-10

COVID-19 has slowed the housing market BCREA Two years on from being buffeted by demand-stifling government policies, the BC housing market was set to record a relatively normal year in 2020. However, hopes for a return to normal were upend…

Multi-family sales soar 900 per cent across Lower Mainland

2020-06-10

Commercial real estate transactions in the Lower Mainland soared to $2.15 billion in Q1 Western Investor Led by land sales and the multi-family rental sector, the total dollar value of commercial real estate transactions in the Lower Mainla…

Multi-family sales soar 900 per cent across Lower Mainland

2020-06-10

Commercial real estate transactions in the Lower Mainland soared to $2.15 billion in Q1 Western Investor Led by land sales and the multi-family rental sector, the total dollar value of commercial real estate transactions in the Lower Mainla…

The Link 3583 Kingsway 104 rental homes 44 subsidized rental homes and strata retail by Hungerford

2020-06-10

Historic Odd Fellows achieve unique rental solution Western Investor The Odd Fellows, founded 177 years ago as a private society for Canada’s elite, has struck a unique agreement with a real estate developer to deliver sleek new affor…

36-unit development proposed for 4128 Ash Street in South Cambie

2020-06-10

Aragon Properties to build a 5-storey 36 home building at 4128 Ash Street Vancouver James Bombales Livabl Aragon Properties Ltd. has submitted an application to build a 36-unit apartment and townhouse project at 4128 Ash Street in South Cam…

New CMHC requirements will have buyers flocking to the market - brokers

2020-06-09

New CMHC rules trigger a surge in home purchases Stephanie Hughes other Experts in the real estate industry say CMHC’s new, strict lending measures will trigger a surge in home purchase volume as potential home buyers rush to the mort…

Office fundamentals solid despite COVID-19

2020-06-09

Available office space by 2021 will be 579,000 sq.ft. from four different buildings Glenn Gardner Western Investor Metro Vancouver, particularly the downtown peninsula, was not prepared for its newfound popularity among office tenants.&nbsp…

Eli Report - Condo Document Review Platform Jamie Hankinson News Article

2020-06-08

COVID-19 compounds condo insurance crisis Lori Culbert, Dan Fumano The Province Metro Vancouver condo buildings are being forced to spend an average of 65 per cent more on insurance premiums in 2020, new data suggests, providing the first s…

Resilient Canadian homebuilders face threat of slower population growth

2020-06-08

Steady home construction during COVID-19 shows builder's resilience Sean MacKay Livabl Canadian home builders have been putting up impressive numbers even as the COVID-19 pandemic has disrupted so many other industries and some segments of …

Hong Kong real estate still costly despite strife

2020-06-07

Hong Kong Property Market Proves Resilient as Crises Mount Shawna Kwan The Province HONG KONG — A controversial security law that threatens to upend Hong Kong’s status as an Asian financial hub hasn’t slowed the world&rsqu…

Despite COVID-19, online real estate portal Point2 posts record-high visitor volume

2020-06-05

Point2 reached 13 million visits in May Ephraim Vecina Mortgage Broker News Amid the mobility restrictions brought about by COVID-19, real estate marketplace Point2 (formerly known as Point2 Homes) reached a record-high 13 million visits in…

CMHC adds new level of stress to homebuyers

2020-06-05

New CMHC Rule changes in effect July 1st! Frank O'Brien Western Investor Canada Mortgage and Housing Corp.(CMHC), the largest insurer of residential mortgages in Canada, has tightened mortgage qualifications in a move expected to slow first…