Real Estate News & Articles

Is coronavirus about to prompt a house price crash?

2020-03-17

RBC suggests things might get rocky Steve Randall Canadian Real Estate Wealth The impact of the COVID-19 coronavirus outbreak is being felt across the world, but what will it do to Canada’s housing market?" The short answer, of course…

Is coronavirus about to prompt a house price crash?

2020-03-17

RBC suggests things might get rocky Steve Randall Canadian Real Estate Wealth The impact of the COVID-19 coronavirus outbreak is being felt across the world, but what will it do to Canada’s housing market?" The short answer, of course…

Sketching Out the Potential Impact of COVID-19 on the BC Housing Market

2020-03-17

How will the COVID-19 outbreak impact the BC economy BCREA Sketching Out the Potential Impact of COVID-19 on the BC Housing Market How will the COVID-19 outbreak impact the BC economy March 17, 2020 BCREA Summary Findings: While it’s …

Mortgage stress test changes are on hold until further notice

2020-03-16

OFSI defers all financial changes to a later date Steve Randall Mortgage Broker News The planned change and review of the mortgage stress test has slipped down the priority list for the Canadian government due to the COVID-19 coronavirus cr…

How much do rental, leasing, and property management firms make?

2020-03-16

Canadian property management firms collected $115B Steve Randall Mortgage Broker News Canadian residential and non-residential leasing and property management firms generated operating revenues of $115 billion in 2018, the latest year of st…

Buy a home on an American floodplain and you'll overpay

2020-03-16

Canadian real estate investors may be tempted to buy south of the border Steve Randall Mortgage Broker News Canadian real estate investors and snowbirds may be tempted to buy south of the border now, as prices are climbing. But a new study …

B.C. union calls for suspension of mortgage and rent payments until COVID-19 crisis ends

2020-03-15

BC government employees union wants to protect workers during crisis Jen St. Denis other A B.C. union is calling for the immediate suspension of mortgage and rent payments until the COVID-19 pandemic is over. Stephanie Smith, president of t…

Federal Reserve slashes interest rates to zero as part of wide-ranging emergency intervention

2020-03-15

The moves are aimed at keeping financial markets stable and making borrowing costs as low as possible Heather Long Washington Post The Federal Reserve announced on Sunday it would drop interest rates to zero and buy at least $700 billion in…

Emergency Bank of Canada rate cut will add fuel to housing sales

2020-03-13

Some variable-rate mortgage holders will be paying rates as low as 1.95 per cent Frank O'Brien Western Investor A dramatic 0.50 per cent reduction in the Bank of Canada overnight lending rate on March 13 –  the second such cut in…

How organized real estate must change

2020-03-13

Organized real estate is built on managing property data Trevor Koot REM There is a future that exists without Realtors. We must be cognizant of this fact and contemplate other possible futures, which see the role of the Realtor different t…

BC home sale values increase by over 40% in February

2020-03-13

BCREA reported an increase in home sales Duffie Osental Mortgage Broker News The total value of residential sales in British Columbia increased by over 40% in February compared to the same month in 2019, according to figures from the Britis…

Bank of Canada acts to shore up funding liquidity

2020-03-13

BoC to bolster financial stability Steve Randall Canadian Real Estate Wealth The Bank of Canada is to help bolster financial stability by injecting liquidity into the funding markets. In a similar move to the Fed, the BoC is acting to suppo…

Union Park 20712 82nd Avenue Langley 589 homes in four 6-storey buildings by Polygon

2020-03-12

Private amenities and a neighbouring park on offer at Polygon?s Union Park in Langley Simon Briault The Province Polygon?s Union Park development in Langley features units ranging from one to three bedrooms, along with park and clubhouse am…

Discuss insurance options in advance of renewal time

2020-03-12

Strata council has right to negotiate insurance Tony Gioventu The Province Dear Tony: Our strata corporation has just renewed our insurance policy. As part of the renewal our increases were 150 per cent for premiums, deductibles increased f…

Plaza of Nations landowner sues Concord Pacific president for $245M over alleged conspiracy

2020-03-12

Oei Hong Leong claims damages in alleged conspiracy to tie up prime Vancouver waterfront site in litigation and hamper development Darryl Greer Western Investor Singaporean billionaire tycoon Oei Hong Leong is suing Concord Pacific presiden…

Fed rate cut drives increase in loan applications on blockchain platform

2020-03-12

Mortgage applications jumped 300% Duffie Osental other Tech firm Figure Technologies reported that loan applications through its Provenance blockchain platform increased by a whopping 300% since the Federal Reserve cut interest rates by hal…

Hoping to target millennial buyers? Avoid condo properties, says new report

2020-03-12

Ontario Real Estate Association reports 83% of millennials looking for detached homes Clayton Jarvis Canadian Real Estate Wealth According to research conducted by Ipsos for the Ontario Real Estate Association’s first annual Buyer and…

Royal LePage CEO: BoC rate cut may act as a "relief valve" for overheated market

2020-03-12

BoC rate cut to relieve pent-up demand in housing market Duffie Osental Mortgage Broker News With the Bank of Canada’s recent rate cut potentially acting as a “relief valve” for overheated housing market, Phil Soper, the c…

Here's the Down Payment You'll Need to Buy a House or Apartment in Metro Vancouver

2020-03-12

Down payment needed for Metro Vancouver apartments and houses Penelope Graham other How is the Metro Vancouver housing market faring as the Spring 2020 season sets in? It has been a tumultuous few years for west coast home buyers and seller…

Value of B.C. home sales in February jumps 41% year over year

2020-03-12

Province's average home sale price last month was 12 per cent higher than a year ago Joannah Connolly Western Investor B.C.’s real estate recover continued apace in February, with the total value of all home sales at $4.4 billion, up …

What potential millennial clients in Ontario want in a home

2020-03-11

Ontario millennials want detached homes Gerv Tacadena REP Around four in five millennial homebuyers in Ontario are looking for detached and semi-detached homes, something the city has a limited supply of, according to the latest study by th…

Are real estate groups doing enough to fight money laundering?

2020-03-11

FinTRAC found many real estate companies not complying with anti-money laundering rules Gerv Tacadena REP An assessment from the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) showed that many real estate companies a…

How BC realtors can help clients alarmed by the province's condo insurance woes

2020-03-11

REBGV has added an insurance clause on contracts Clayton Jarvis REP Realtors, condominium owners and prospective condo buyers in British Columbia have slowly had the rug pulled out from under them since autumn 2019, when word first started …

Canadian reverse mortgage debt tops $4BN for first time

2020-03-11

Reverse mortgage debt increased 13 per cent over one year, as more seniors choose to stay in their homes Vancouver Courier Reverse mortgage debt in Canada has topped $4 billion for the first time, according to Office of the Superintendent o…