Real Estate News & Articles

Q4 overall consumer-level delinquency rate up 5.61%

2020-03-11

The fourth quarter of 2019 brought a rise in the overall consumer-level delinquency rate Phil Hall Mortgage Broker News The fourth quarter of 2019 brought a rise in the overall consumer-level delinquency rate, although average non-mortgage …

Canada is 'uniquely vulnerable' to coronavirus-induced oil price plunge

2020-03-11

Lower gasoline prices could affect the economy Nelson Bennett Western Investor Canadians will enjoy lower gasoline prices in the wake of a dramatic oil price plunge. But other than that, it’s going to be bad news all around for the gl…

New 23-storey office tower planned for downtown Vancouver

2020-03-11

Architect files rezoning application for modestly designed project Western Investor A 23-storey office tower with retail space at street level is proposed for 450 West Georgia at Richards Street in Vancouver. W.T. Leung Architects has filed…

Morneau - government won't knee-jerk on coronavirus impact

2020-03-10

The government will respond appropriately as the economy develops Steve Randall REP With the spring housing market imminent, many industry professionals are wondering what impact the COVID-19 coronavirus outbreak will have on sales. The rou…

Is it wise to invest in a pre-con condo?

2020-03-10

Investing in a pre-construction condominium might be a viable strategy Gerv Tacadena Canadian Real Estate Wealth Investing in a pre-construction condominium might be a viable strategy, but there could be potential downside risks, said an ex…

Canada's housing starts down in February

2020-03-10

CMHC data shows a decline in housing starts Phil Hall Mortgage Broker News Last month saw a decline in housing starts, according to new data form the Canada Mortgage and Housing Corporation (CMHC). The seasonally adjusted annual rate (SAAR)…

Hard to lose in Surrey housing market

2020-03-09

Thanks to lack of investor mania, fast-growing diverse city offers unusually stable prices Douglas Todd The Province “We don’t have any billionaires getting off the plane at YVR and heading straight out to Bear Creek Park in Sur…

Reviewing all transactions is serious business

2020-03-09

Routine audit is recommended on operating budget Tony Gioventu The Province Dear Tony: Our property manager asks us to approve the financial statements each month and last month our treasurer noticed there was a duplication for a bill from …

Federal government to finance new rental housing project in Toronto

2020-03-09

CMHC is financing 514 residential units in North York Duffie Osental Mortgage Broker News Canada Mortgage and Housing Corporation (CMHC) has announced that it is financing more than $147 million to help construct 514 residential units at 34…

Have the Atlantic Canada cities become too expensive for comfort?

2020-03-09

Students in Halifax and Charlottetown have been forced to scramble for apartments Phil Hall Mortgage Broker News When it comes to affordability issues regarding housing and quality of life, most attention has been placed on the quality of l…

Chateau Laurier 1009 Laurier 11 luxury condos by Landa Global Properties

2020-03-05

Stately neighbourhood inspires design of Shaughnessy's Chateau Laurier Michael Bernard The Province Shaughnessy, Vancouver’s original posh neighbourhood, has its roots in the development of the Canadian Pacific Railway, Canada’s…

Highpointe 11641 227 Street Maple Ridge 153 homes in a 6 storey building byConcordia Properties

2020-03-05

Highpointe offers urban design, stunning views in quiet setting ROBIN BRUNET The Province The images of Highpointe depict a beautiful, horseshoe-shaped condo complex with staggered terraces and plenty of signature architectural details, ove…

Corona virus analogy

2020-03-04

Pause a minute ??. other Pause a minute ……. One of the worst days so far for Coronavirus was the 10 th of February. On that day, 108 persons in China died of Coronavirus. But, on the same day 26,283 people died of Cancer 24,64…

Masks on, scissors out - BoC cuts policy rate to 1.25%

2020-03-04

Bank of Canada has cut the policy rate to 1.25% Richard Laycock other Taking swift action in response to global and domestic markets, the Bank of Canada has cut the policy rat e to 1.25% today.     The decision can be seen as…

BC housing taxes caused estimated 12.5% extra sales drop

2020-03-04

The speculation and vacancy tax impact limited to Metro Vancouver Steve Randall REP The impact of British Columbia’s Speculation and Vacancy Tax (SVT) on the province’s home sales has been highlighted in a new report. BCREA&rsqu…

Vancouver supply struggling to match homebuyer demand

2020-03-04

REBGV says condo inventory is lacking Steve Randall REP Metro Vancouver home sales gained 44.9% year-over-year in February to a total 2,150. Real Estate Board of Greater Vancouver reported that home sales were up 36.9% month-over-month but …

Federal Reserve's surprise rate cut will force Bank of Canada's hand

2020-03-04

BoC likely to follow US rate cut Phil Hall Mortgage Broker News Yesterday’s unexpected announcement by the U.S. Federal Reserve to cut its benchmark interest rate in response to the economic uncertainty tied to the outbreak of the nov…

Luxury house prices slated to grow

2020-03-03

Low inventory on luxury homes spur increase in prices Gerv Tacadena Canadian Real Estate Wealth Prices in the prime property segment are expected to grow further next year as buyers compete for a limited supply of homes, according to the la…

Judge backs condo board in banning online rentals

2020-03-03

Alberta condo board prevent short-term rentals Canadian Real Estate Wealth A condo board in Alberta has won a court battle preventing owners from engaging in short-term rentals through web-based platforms. Court of Queen's Bench Justice Pau…

BCREA Market Intelligence Report: Estimating the Impacts of the Speculation and Vacancy Tax

2020-03-03

Estimating the Impacts of the Speculation and Vacancy Tax BCREA Summary Findings: While all BC markets experienced sharp declines since 2018, the Speculation and Vacancy tax(SVT)is estimated to have reduced home sales in taxable regions in …

Robust home sales outpace low inventory in Metro Vancouver last month

2020-03-03

Home sellers once again getting the upper hand as demand exceeds supply, especially among condos and townhomes Western Investor February saw steady demand from home buyers in Metro Vancouver, while the inventory of listed properties “…

Developers meet needs of families kept from homeownership

2020-03-02

In Metro Vancouver two and three bedroom rentals are at 1% Kimberly Greene Mortgage Broker News As affordability continues to plague homebuyers in some of Canada’s hottest housing markets, a growing number of families are wondering wh…

TRREB welcomes passing of TRESA and benefit for Realtors

2020-03-02

Trust in Real Estate Service Act (TRESA) passed by Ontario Steve Randall Canadian Real Estate Wealth The news that Ontario has passed the Trust in Real Estate Service Act (TRESA) has been welcomed by one of the province’s largest indu…

5 Reasons Why 2020 is The Year To Buy Real Estate

2020-02-29

Lower mortgage rates, lower home prices, and the rise in buyer confidence means a busy year ahead for realtors Catherine Musgrove REW Thinking of buying a home? Well, 2020 could be your year! Real Estate experts across the country are optim…