Real Estate News & Articles

Bank of Canada battles coronavirus fallout with third rate cut

2020-03-27

Canada's central bank cut its market-shaping overnight rate by 50 basis points to 0.25 percent Sean MacKay Livabl In an emergency announcement today, Canada’s central bank cut its market-shaping overnight rate by 50 basis points to 0.…

COVID-19 Market Activity Update - March 27, 2020

2020-03-27

How has coronavirus changed the real estate market so far? REW COVID-19 is having a dramatic impact on every market and industry, and real estate is no exception. Though we’re still in the early stages and it’s difficult to pred…

Local real estate market frozen over COVID-19 uncertainty

2020-03-27

Real estate market mostly frozen over COVID-19 uncertainty Joanne Lee-Young The Province The local real estate market is mostly frozen as fears about the spread of COVID-19 have halted most home showings and there is uncertainty in the mark…

Online data shows real estate activity plummeting

2020-03-26

Prospective homebuyers are taking COVID-19 seriously. Canadian Real Estate Wealth Before going any further, CREW would like to first say this: STAY. HOME. And if you can’t do that: KEEP YOUR DISTANCE. The sooner everyone begins follow…

Luxury home market still a bright spot

2020-03-26

Top-tier residences had sales growth in first two months of 2020 Gerv Tacadena Canadian Real Estate Wealth Top-tier residential properties recorded substantial sales growth over the first two months of the year, particularly in the Greater …

Do we have to continue paying strata fees in these tough times?

2020-03-26

No contingencies for a strata to defer fees Tony Gioventu The Province Dear Tony: Our strata council has been contacted by several owners asking if the strata corporation can defer strata fees until people can get back to work. We are not s…

Skagen 606 Foster Avenue Coquitlam 52 three and four bedroom townhomes by Eighth Avenue Development Group

2020-03-26

Spacious townhomes, passive house design on offer at Skagen in Coquitlam Michael Bernard The Province As Metro Vancouver’s residential market continues to evolve, developers face the constant challenge of identifying and building new …

How May COVID-19 Impact Real Estate Prices?

2020-03-26

COVID-19 and Real Estate: How Home Prices changed During the 2008-2009 Recession Penelope Graham other The last two weeks have ushered in a time of financial and public health uncertainty that’s unprecedented for many Canadians. As go…

The Impact of COVID-19 on REALTORS

2020-03-26

Episode 3 of Open House by BCREA Shaheed Devji BCREA Episode 3, The Impact of COVID-19 on REALTORS ® , features conversations with BCREA Chief Economist Brendon Ogmundson and Manager of Professional Services Jennifer Lynch. Ogmundson di…

Point2 Homes: Fewer Canadians are searching for homes

2020-03-26

There has been a decline in the number of Canadians searching for homes Steve Randall Canadian Real Estate Wealth Unsurprisingly, there has been a decline in the number of Canadians searching for homes on a leading real estate portal in the…

Struggling borrowers to be prioritised by lenders - CMHC

2020-03-25

If in need talk to your bank for help Gerv Tacadena REP The Canada Mortgage and Housing Corporation (CMHC) said homeowners and landlords who are struggling with their finances will be the priority of banks and lenders amid the COVID-19 outb…

Groups urge realtors to stop open houses

2020-03-25

REBGV recommends that members do not hold open houses Gerv Tacadena REP Several regional real estate groups are urging their members to stop conducting in-person open houses during the COVID-19 outbreak. Michael Collins, president of the To…

Staying ahead of the proptech revolution

2020-03-25

Proptech (property + technology) which is described as the shift in mentallity Angela Papassotiriou REM Can you imagine running your real estate business without the internet or your smart phone? How about no emails, social media or search …

Real estate in the time of COVID-19

2020-03-24

Whatever the details, the message is simple: Stay. Home. And if you absolutely have to be in public, keep your distance Clayton Jarvis Canadian Real Estate Wealth When CREW was putting together its most recent Property Forecast issue last f…

Will house prices in BC fall amid the COVID-19 outbreak?

2020-03-24

Experts say lower qualifying rate is needed Gerv Tacadena Canadian Real Estate Wealth The impact of the coronavirus outbreak on the housing market of British Columbia remains uncertain, but analysis of possible scenarios paints a need for a…

Federal gov't promises support for the Canadian mortgage industry

2020-03-24

Canada's mortgage lenders are slated to receive a $50-billion federal boost Ephraim Vecina Mortgage Broker News Canada’s mortgage lenders are slated to receive a $50-billion federal boost so that they can remain operational amid the o…

Coronavirus could cause 28% drop in Canadian home construction: Altus

2020-03-24

The depth and duration of the economic disruption remain very uncertain Sean MacKay Livabl It’s become a common refrain in Canadian housing market reports published over the last two weeks: The national market, along with many of the …

How to Get Mortgage Relief

2020-03-23

Federal regulators have stepped in to offer coronavirus mortgage relief Jim Probasco other The federal government, through Fannie Mae and Freddie Mac, is telling associated lenders to lower or suspend borrowers' mortgage payments for up to …

Canadians have become much less interested in buying homes

2020-03-23

The imposition of policies like social distancing and isolation having effect of home buying Ephraim Vecina Mortgage Broker News COVID-19 has reverberated across all segments of Canadian society and has become particularly acute in the hous…

Investing in CRE? Devastation could be ahead warns lender

2020-03-23

The US commercial mortgage market is on the brink of collapse Steve Randall Canadian Real Estate Wealth The chief executive of a major US nonbank commercial lender in the US has made a stark prediction about the industry as the COVID-19 cor…

Video ***2 Videos for you to reflect on what is happening these days

2020-03-22

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Market Update ? The Coronavirus Impact on Bitcoin

2020-03-21

Bill Barhydt other We hope everyone in the extended Abra community is safe and are following the  recommended guidelines for getting through this crisis . We know this is a difficult time for everyone and our thoughts and prayers are w…

The Best Tips for a Quick Home Office Set-Up

2020-03-20

REW You’re suddenly faced with the need to WFH. Here are some essential elements you need to enhance productivity in your (new) home office. By REW (Real Estate Wire) Mar 21, 2020 Working from home has become our new norm. There …

Quarter-acre East Vancouver land parcel assembled for $6.6M

2020-03-20

Parcel in Little Mountain area has potential for more than 35,000 square feet of multi-family development Stanley Chiu Howard Mak Gammon Western Investor A 0.25-acre land assembly in the Little Mountain area of East Vancouver, zoned for inc…