Real Estate News & Articles

Airbnb slashes nearly 2,000 jobs, scales back investments

2020-05-08

25% of Airbnb workforce slashed Ryan Smith other Short-term rental giant Airbnb has announced that it is slashing about 25% of its global workforce – nearly 1,900 jobs. The news came in a note sent this week by Airbnb co-founder and C…

Learning process in housing market

2020-05-08

Exponential growth Ryan Cole Canadian Real Estate Wealth The biggest regret I’ve had as an investor, thankfully and mercifully, was an early one: my first condo. I was 22 and had recently closed on a new unit at Bay and Dundas. (This …

Electronic meetings under emergency orders

2020-05-07

Remember, electronic meetings aren't a quick fix solution Tony Gioventu The Province Dear Tony: What happens when an electronic meeting has to adjourn as a result of technical issues and voting problems? We held our annual meeting last week…

Carson 2328 167A Street Surrey 40 three bedroom or three bedroom and a den townhomes by Royale properties

2020-05-07

Carson shows off family-friendly credentials Simon Briault The Province What do young families look for in a new home? With its latest townhome project in the Grandview Heights neighbourhood of South Surrey, Royale Properties is betting on …

COVID-19 might kill the rental property industry

2020-05-07

The net profit from a rental property is minimal Chris Seepe REM The financial situation of every rental property is as different as a fingerprint. Every operator applies their level of experience, understanding, operating sophistication an…

What's fuelling Canadians' demand for reverse mortgages?

2020-05-07

Cash strapped owners seeking reverse mortgages in the land of COVID-19 Clayton Jarvis Mortgage Broker News As ready as Canadians are to move on from the past two months of COVID-19 coverage, disruption and distress, there are few signs that…

Distressed landlords are flocking to the alternative sector - analyst

2020-05-07

Alternative lenders sought by landlords in distress Ephraim Vecina Mortgage Broker News The alternative lending sector is seeing a growing contingent of landlords seeking help as banks are turning them away amid the COVID-19 pandemic, accor…

CMHC braces for multi-year impact of the coronavirus outbreak

2020-05-07

Any long-term predictions will be inherently unreliable - CMHC Ephraim Vecina Mortgage Broker News As the COVID-19 pandemic continues to wreak havoc on global markets, Canada Mortgage and Housing Corporation (CMHC) said that the housing sec…

Reverse Mortgages being used as a financing option to aid family in the wake of COVID-19

2020-05-07

Millennials are feeling the burn from COVID-19 due to lost jobs Kasi Johnston Mortgage Broker News In one way or another, we have all been impacted by the coronavirus. In fact, almost two-thirds of Canadian households suffered from loss of …

What real estate will look like post-COVID-19 - The old normal, now normal and new normal

2020-05-07

COVID-19 crisis has changed real estate procedures Richard Robbins REM What will real estate look like post-COVID-19? Richard Robbins takes a look at how the crisis has changed real estate procedures and how to prepare now for the post-COVI…

From Hong Kong to New York, luxury properties are getting cheaper

2020-05-07

Luxury property prices fell in the first quarter as COVID-19 takes it toll Bloomberg Luxury property prices in some of the world’s most popular cities fell in the first quarter as Covid-19 began to take its toll on the real estate sec…

Airbnb CEO Delivers Empathetic, Transparent Message Regarding Layoffs

2020-05-07

Global tech and service companies, are not immune to the economic downturn Nicole Schuman other As of today, 33.5 million Americans have filed for unemployment. And it appears no one, even global tech and service companies, are immune to th…

Moving in the midst of COVID-19

2020-05-06

The moving experience has changed exponentially Connie Adair REM Moving is stressful at the best of times, but for residential and business clients who have the added pressure of worrying about COVID-19 and associated restrictions, it can t…

Real estate market to rebound due to Pent up demand in Last Qtr Defying COVID-19 pressures, average prices might climb - Altus Group

2020-05-06

Defying COVID-19 pressures, average prices might climb Ephraim Vecina Mortgage Broker News Canada’s home prices are still likely to see a 5%-10% annual gain by year-end, according to Altus Group chief economist Peter Norman. In an int…

Airbnb owners will be forced to sell - COVID-19 immigration to weigh upon Vancouver prices

2020-05-06

COVID-19 immigration to weigh upon Vancouver prices - analyst Ephraim Vecina Mortgage Broker News The single most important factor that would affect Vancouver’s sky-high housing prices is the coronavirus pandemic’s impact on imm…

Bitcoin is staging a comeback reminiscent of the 2017 bubble frenzy

2020-05-06

A technical event coming for Bitcoin Vildana Hajric and Olga Kharif The Vancouver Sun It’s been left for dead more than once, written off as nothing but a bubble and denounced as rat poison by one of the world’s most famous inve…

Reduced selling will propel post-COVID-19 recovery - TD Economics

2020-05-05

Listings mirror sales by dropping in the near term Ephraim Vecina Mortgage Broker News A vital component of the Canadian housing sector’s post-coronavirus recovery phase is homeowners refraining from selling their assets, according to…

Housing will bear the full impact of COVID-19 by next year - CIBC

2020-05-05

The impact of the coronavirus outbreak on the value of Canadian housing will fully manifest by next year Ephraim Vecina Mortgage Broker News The impact of the coronavirus outbreak on the value of Canadian housing will fully manifest by next…

COVID-19 to push the housing sector on a downward slope - Moody's

2020-05-05

Market growth and activity in the Canadian housing sector will trend downward this year Ephraim Vecina Mortgage Broker News Market growth and activity in the Canadian housing sector will trend downward this year amid the sustained economic …

Survey says majority of realtors expect COVID-19 to shrink business by at least 50%

2020-05-05

Point2 Homes survey shows realtors very worried Clayton Jarvis Mortgage Broker News In news that will do little to calm the nerves of antsy mortgage professionals, data released by Point2 Homes on Monday finds sentiment among real estate ag…

Metro Vancouver home sales hit 38-year low in April, prices hold steady

2020-05-05

Last month's home sales were 62.7 per cent below the 10-year April sales average Scott Brown The Province COVID-19 social-distancing measures led to April home sales dropping to a 38-year low in Metro Vancouver, according to the Real Estate…

Toronto Region Homes Sales in Steep Double-Digit Decline Due to COVID-19: TRREB

2020-05-05

Toronto homes sales declined 67% other With provincial and public health safety measures in full effect, COVID-19 expectedly slowed down housing market activity across the Toronto Region this April. Home sales across the region declined 67 …

REBGV 2019 Annual Report

2020-05-05

Information on REBGV activities and accomplishments REBGV Our annual report is dedicated to informing you on the activities and accomplishments of your professional association over the last year. Last year was the REBGV’s 100th year …

Metro housing sales fall to 38-year low but prices increase

2020-05-04

COVID-19 crashed home sales by up to 50 per cent in April Frank O'Brien Western Investor Housing sales across the Lower Mainland fell sharply in April, the first full month since the COVID-19 crisis hit, but benchmark prices increased in bo…