Real Estate News & Articles

Should a deposit be part of the damages award?

2020-04-17

Legal question about buyer failing to close Shaneka Shaw Taylor & Eugenia Bashura REM When a buyer fails to close a real estate transaction and the seller is awarded damages, should the seller credit the deposit to the damages award or shou…

COVID-19 continues to rattle builder confidence

2020-04-17

Single-family home building down across the nation Candyd Mendoza other With no signs of the coronavirus crisis easing up soon, builder confidence in the market for newly-built single-family homes fell into negative territory in April. The …

Should a deposit be part of the damages award?

2020-04-17

Legal question about buyer failing to close Shaneka Shaw Taylor & Eugenia Bashura REM When a buyer fails to close a real estate transaction and the seller is awarded damages, should the seller credit the deposit to the damages award or shou…

Canadian home prices to weather the worst of the pandemic

2020-04-16

Home prices predicted to drop only 3% Ephraim Vecina Mortgage Broker News Despite the ravages of the pandemic, Canadian housing prices will prove remarkably robust, according to Royal LePage. In its recent analysis, Royal LePage projected t…

Vancouver rental tower sells for $52 million

2020-04-16

107-unit West End tower fetches approx.$486,000 per suite Western Investor Harley House, a 21-storey, 107-unit concrete tower in Vancouver’s West End sold for approximately $486,000 per door; brokered by Mark Goodman and Cynthia Jagge…

Canadian home prices to weather the worst of the pandemic

2020-04-16

64% of Canadians say COVID-19 negatively impacting household income Ephraim Vecina Mortgage Broker News Despite the ravages of the pandemic, Canadian housing prices will prove remarkably robust, according to Royal LePage. In its recent anal…

Everything you need to know about adding a stream open house to your REALTOR.ca

2020-04-16

Virtual showcases and livestreaming open houses on social media Nabil Imani other We know the COVID-19 pandemic is severely impacting the way REALTORS® normally do business. That’s why we’re making it a priority to adapt wit…

Important Tips: Adding Live Stream Open House to REALTOR.ca listing

2020-04-16

Everything you need to know about adding a live stream open house to your REALTOR.ca listing Nabil Imani BCREA Please note: various jurisdictions have offered differing health and safety guidelines about showing property. REALTORS ® sho…

Staying out of Negative Territory: BoC holds policy rate at .25%

2020-04-15

BoC held the interest rate at 0.25 percent Nicole McKnight other The Bank of Canada held the policy rate to .25% today. This hold was widely expected after the BoC emergency rate cut on March 27, when Stephen Poloz communicated that .25% is…

Pandemic Halts Sales Activity in March

2020-04-15

BCREA reports pre-pandemic sales up BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 6,717residential unit sales were recorded by the Multiple Listing Service®(MLS®) in March2020, an increase of 17.…

Vancouver is seeing fewer home buyers from China

2020-04-15

Pandemic slows foreign home buyers Ephraim Vecina Canadian Real Estate Wealth The influx of Chinese home buyers in Vancouver has noticeably thinned over the past month, according to a recent RE/MAX analysis. “With the closing of natio…

Challenges Ahead - Read My Latest Market Update

2020-04-15

April 2020 - Latest Market Update Tony Iannetti other Home buyer demand continued to outpace supply up until halfway into March and then levelled off significantly since then.   Inventory levels were and continue to be below the s…

Royal LePage forecasts 'remarkably stable' home prices during pandemic

2020-04-15

Low sales and low inventory has stabilized the market REM Royal LePage is forecasting that if COVID-19 stay-at-home restrictions are eased during the second quarter, house prices will finish the year up by one per cent year-over-year, to an…

National Home Sales and Listings Drop Sharply in March: CREA

2020-04-15

National sales and new listings were stifled in March The Vancouver Sun National sales and new listings were stifled in March, as home buyers and sellers across the country remained on the sidelines in the second half of the month in reacti…

Consumer confidence is suffering an unprecedented decline

2020-04-15

Canadian Confidence Index plunged to 38.7 Ephraim Vecina Canadian Real Estate Wealth Canadians’ confidence towards the housing market, their finances, and their jobs has significantly worsened over the past few weeks, according to a n…

Bank of Canada interest rate forecast report

2020-04-14

Economists weigh in on negative rates, Fiscal measures, Housing affordability other The Bank will hold the overnight rate on April 15, according to economists on Finder’s BoC Interest Rate Forecast panel ; a decision 92% or 11 of 12 a…

Anger mounts as Big Six profit from mortgage deferral programs

2020-04-14

Mortgages that are deferred are being charge interest on the new amount Clayton Jarvis Mortgage Broker News It has been undoubtedly moving to see people reclaim a sense of shared humanity in the weeks since COVID-19 threw the world’s …

Defying pandemic predictions, Vancouver prices might continue growing

2020-04-14

Vancouver still most unaffordable city Ephraim Vecina Mortgage Broker News Regardless of the global COVID-19 outbreak, Vancouver’s housing prices might actually climb even higher, RE/MAX stated. “Despite a modest 1% growth in av…

BC housing starts could fall 30% in 2020

2020-04-14

Record number of homes currently under construction, but... Sean MacKay Livabl Metro Vancouver put up steady home construction numbers in March even as many other BC regions saw declines. But, despite last month’s encouraging activity…

House of Commons passes $73 billion wage subsidy bill

2020-04-12

The Trudeau government and opposition have passed the wage subsidy bill Joan Bryden The Province  The House of Commons has approved a massive $73-billion wage subsidy program aimed at helping businesses and workers survive the economic…

Dust off your cybersecurity toolkit

2020-04-09

Last Pass... other Dust off your cybersecurity toolkit With an increased amount of time being spent online, it’s more important than ever to get up to speed on the cybersecurity routines that will keep you and your family secure. So l…

REBGV COVID-19 update April 8

2020-04-09

REBGV COVID-19 update April 8 REBGV https://youtu.be/5Ty2dyxUa0U

Value of building permits issued across Canada plummets in March - StatCan

2020-04-09

COVID-19 uncertainty has slowed building permits Duffie Osental Mortgage Broker News Economic uncertainty from the ongoing COVID-19 pandemic has caused the value of building permits issued across Canada to decrease in March, according to fi…

US News: Veros cuts housing appreciation projections in half

2020-04-09

Veros Real Estate Solutions projects average annual home price appreciation of 1.9% Clayton Jarvis other In its most recent market forecast , Veros Real Estate Solutions projects average annual home price appreciation of 1.9% for the 100 la…