Real Estate News & Articles

BCREA Market Intelligence Report

2020-04-23

Is It Different This Time? Recessions and the BC Housing Market BCREA Summary Findings: The 2020 COVID-19 driven recession will be deep, though the duration may be shorter than past recessions.   We expect that home sales will post an …

Electronic meeting check list for annual or special general meetings

2020-04-23

Crucial checklist for your annual or special meeting Tony Gioventu The Province To lawfully facilitate and conduct a general meeting by an electronic method — which requires every eligible voter to be able to communicate with each oth…

The Marq 2225 Acadia Road 22 homes in a four-storey building by Westland

2020-04-23

Condos at The Marq offer rare freehold opportunity right next to UBC Simon Briault The Province There are some generally accepted definitions of desirability when it comes to multi-family residential developments — the walkability of …

Here's How GTA Home Prices and Sales Changed One Month After COVID-19 Measures Were Announced

2020-04-23

Here's How Much Prices and Sales Changed in Each Municipality other It’s evident that COVID-19 is having a far-reaching impact on the Canadian economy and healthcare system. Although the Greater Toronto Area (GTA) real estate market w…

Vancouver home sales fall 34% midway through April

2020-04-23

Home sales across Greater Vancouver were down 34 percent by April Sean MacKay Livabl Home sales across Greater Vancouver were down 34 percent by April’s halfway point, the first full month to be impacted by the COVID-19 pandemic. Ther…

COVID-19-related shutdowns helped underpin home prices in March

2020-04-22

US housing values remain well supported Candyd Mendoza other Even though coronavirus has started to weaken some US markets, other housing markets show no signs of slowing down in home-price growth. Home prices across the country continued t…

Commercial sector to become more valuable after COVID-19 ? CBRE

2020-04-22

Investment in commercial real estate a good choice Ephraim Vecina Mortgage Broker News Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investmen…

Home sellers to wrestle with persistent low price points

2020-04-22

Sellers losing significant value in their homes Ephraim Vecina Mortgage Broker News Sellers losing significant value in their homes will be a prominent feature of the market over the next few months, said Stephen Brown, Capital Economics se…

Risks to household finances will remain after COVID-19 - experts

2020-04-22

After the pandemic households will have more debt Ephraim Vecina Mortgage Broker News The risks to Canadian finances will remain pronounced even during the recovery phase once the coronavirus crisis passes, according to Deloitte Chief Econo…

Canadian Inflation (Mar) - April 22, 2020

2020-04-22

Consumer Price Index (CPI) rose by 0.9 per cent in March BCREA Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.9 per cent in March year-over-year, down from a 2.2 per cent increase in February. This marked the la…

Canadian Retail Sales (Feb) - April 21, 2020

2020-04-21

BCREA Seasonally-adjusted Canadian retail sales were up by 0.3% in February at $52 billion The rise in February was driven by auto dealers and general merchandise stores. Sales were up in 6 of 11 sub-sectors, representing 63% of retail sale…

Recession's on its way. How bad will it be?

2020-04-21

Upcoming 2020-21 recession should be uncomfortable but hardly unbearable Clayton Jarvis Mortgage Broker News In its most recent Market Intelligence report, released yesterday, the British Columbia Real Estate Association shared its prelimin…

Calgary office market: Heading for disaster?

2020-04-21

Office space almost at 100% vacancy Ephraim Vecina Mortgage Broker News Calgary’s office sector has a long road of recovery ahead of it, with perennial vacancy and COVID-19’s economic damage placing the market’s short- and…

Housing sales could plunge 40%

2020-04-21

All of B.C. will be hit but quick recovery seen, says BC Real Estate Association Carla Wilson Western Investor B.C.’s housing market will take an initial a sharp dive due to the coronavirus-driven recession, but it is expected to reco…

"Nightmare on Main Street" as May rent looms

2020-04-21

Nearly 60 per cent of small businesses say they can't pay commercial rent due to COVID-19 Frank O'Brien Western Investor In what Laura Jones is calling a “nightmare on Main Street” nearly 60 per cent Canadian small businesses sa…

Steve Nash Fitness World hunts for buyer

2020-04-21

Fitness World and sports club has laid off nearly entire staff Hayley Woodin Western Investor The company behind Steve Nash Fitness World and Sports Clubs (SNFW), which owes more than $35 million to creditors, has put the business up for sa…

Is It Different This Time? Recessions and the BC Housing Market

2020-04-20

BCREA Market Intelligence Report BCREA Summary Findings: The 2020 COVID-19 driven recession willbe deep, though the duration may be shorter than past recessions We expect that home sales will post an initial sharp decline as households and …

Four-building Beach Avenue portfolio transfers for $305 million

2020-04-20

601-unit MF share deal was completed between existing owners in 2019 Western Investor The landmark Beach Avenue four-building portfolio in Vancouver’s English Bay has been transferred between existing owners of an investment trust in …

Sales, prices in Alberta's housing markets going downhill

2020-04-20

Oil prices and COVID-19 hitting Albertans hard Ephraim Vecina Mortgage Broker News Alberta continues to reel from the one-two punch of the oil shock and COVID-19, with Calgary and Edmonton posting downward trends in their home prices. Sales…

Home prices have some support despite sales slowdown - RBC Economics

2020-04-20

Sellers in this kind of turbulent environment have decided to wait it out Ephraim Vecina Mortgage Broker News The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canad…

Communicating During Stressful Times

2020-04-20

The current pandemic has created a lot of anxiety within the real estate community Marianne Brimmell BCREA The current pandemic has created a lot of anxiety within the real estate community - it's a stressful time for everyone. Buyers are u…

Selling your home in a pandemic

2020-04-19

Showings and open houses are not allowed but real estate agents are learning to adapt John Mackie The Province In early April, Rosemary Bartram and Scott Plumbe decided to put their house on the market, in the midst of the worst pandemic in…

Seize hotels for homeless, Victoria says

2020-04-19

Should BC government use hotels and motels for homeless Lindsay Kline Western Investor Victoria Mayor Lisa Helps wants the B.C. government to use its emergency powers to requisition empty hotel and motel rooms for the homeless during the CO…

Five stocks positioned to outperform if COVID-19 social distancing drags on

2020-04-18

Buyers should beware but for the moment they?re looking good Peter Hodson The Vancouver Sun Many years ago, in the last recession, I penned a column here that set up a ‘survival’ portfolio. It held shares in a water company, a m…