Real Estate News & Articles

Commercial Activity Declined in 2019 Q4

2020-02-28

BCREA commercial indicator fell for second straight month BCREA The BCREA Commercial Leading Indicator (CLI) fell forthe second straight month to 134.3 in the fourth quarter of 2019. Compared to the same time last year, the index is up by 0…

What BCREA wants the government to do about money laundering

2020-02-28

BCREA - more cooperation between federal and provincial organizations Steve Randall Canadian Real Estate Wealth The Cullen Commission inquiry into money laundering in British Columbia began this week as the provincial government seeks a sol…

Destressing the 2020 Mortgage Stress Test

2020-02-28

Understanding the changes to Canada's new Mortgage Stress Test, coming to a home near you in April 2020. Catherine Musgrove REW Agents and economists agree that the recently announced tweaks to Canada’s Mortgage Stress Test bring posi…

Berkshire Hathaway Home Services is coming to Canada

2020-02-27

International real estate firm being established in Toronto Steve Randall Canadian Real Estate Wealth The internationally-renowned real estate brand Berkshire Hathaway Home Services is coming to Canada next month as a Toronto-based firm joi…

Canada poised to break record for commercial property investment

2020-02-27

Canada could potentially break the record for commercial real estate investment Gerv Tacadena Canadian Real Estate Wealth Canada could potentially break the record for commercial real estate investment this year, hitting the $50bn mark, acc…

Plan budget, contingency inputs to anticipate future risks

2020-02-27

Is a strata corporation permitted to amend their budget part way through the fiscal year Tony Gioventu The Province Dear Tony: Our strata corporation is one of the properties where our deductible has gone from $25,000 to $100,000 dollars as…

Aristotle 20203 84 Avenue Langley 173 homes in a 6-storey building by ML Emporio Properties

2020-02-27

Aristotle development from ML Emporio Properties puts the focus on families in Langley Simon Briault The Province If you bought at the right time, it’s no secret that there has been money to be made from owning — and then sellin…

Here's What First-Time Home Buyers Will Pay in Closing Costs Across Ontario

2020-02-27

First-time home buyers - how much money you need on closing day Penelope Graham other The closing date of a real estate transaction is typically much anticipated – not only is the ownership of the property officially legally transferr…

Stress test adjustment will have a minor impact at best - CIBC?s Tal

2020-02-26

Mortgage qualification rules increased by 3% Ephraim Vecina Mortgage Broker News The latest changes to mortgage qualification rules increased Canadians’ home purchasing power by a mere 3%, according to CIBC’s deputy chief econom…

Properly: Valuable tool or formidable opponent?

2020-02-26

A tech company/real estate brokerage simplifies the buying process Clayton Jarvis REP Launched in 2018 and steadily gaining traction in Ottawa and Calgary, Properly is a tech company/real estate brokerage that promises to simplify the homeb…

BCREA Calls for Increased Federal-Provincial Cooperation to Tackle Money Laundering in BC

2020-02-26

BCREA & The Commission of Inquiry Into Money Laundering Trevor Hargreaves BCREA This morning, the British Columbia Real Estate Association (BCREA) makes our opening statement to the Cullen Commission of Inquiry into Money Launderin…

Changing the stress test may raise credit risk for banks says Fitch

2020-02-26

Credit risk to banks may be affected by stress test changes Steve Randall Canadian Real Estate Wealth The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect …

396.8 acre site at 6583-6777 Sechelt Inlet Road Sechelt BC bought by Shishalh Nation

2020-02-26

First Nation's deal on bankrupt Sechelt resort site 'too good to pass up' Frank O'Brien Western Investor A company controlled by the shíshálh (Sechelt) Nation outbid other suitors by approximately $400,000 to purchase the 396.…

Mount Pleasant industrial site goes for $344 per buildable square foot

2020-02-26

Prime light industrial site sold for $2.75 million, $210K above its assessed value Stuart Wright Nick Goulet Western Investor Breakdown: Property type: Light industrial Location: 275 West 6 th Avenue, Vancouver Property size: 1,947 square f…

Fierce tug-of-war dominating Toronto?s high-end housing market

2020-02-26

Toronto?s luxury housing market is great demand Ephraim Vecina Mortgage Broker News The Toronto luxury housing market is seeing an intense four-way battle between boomers, young executives, property investors, and foreign buyers. Royal LePa…

Victoria housing market hovering at a more vulnerable state

2020-02-25

A recent report outlines Victoria's market vulnerablity Ephraim Vecina Mortgage Broker News Victoria continues to exhibit signs of higher vulnerability compared to other housing markets, the Canada Mortgage and Housing Corporation has state…

Is British Columbia's condo industry about to fall off a cliff?

2020-02-25

Condo Insurance rate rise could see the downfall of condo buildings Clayton Jarvis Canadian Real Estate Wealth For the last five years, there has been an incessant whisper at the margins of the real estate industry that has kept the idea of…

Investment on apartment construction up in 2019

2020-02-25

StatsCan says residential construction increased in 2019 Gerv Tacadena Canadian Real Estate Wealth The investment in residential construction increased last year, with a stronger focus on apartments and row homes, according to the latest fi…

Is Toronto in a housing bubble?

2020-02-25

Majority of Torontonians thinks city has inflated housing prices Gerv Tacadena Canadian Real Estate Wealth Around four in five Canadians in Toronto perceive the city to be in a housing bubble, according to the latest study by Zillow and Ips…

Metro Vancouver's luxury home prices forecast to slip further

2020-02-25

Luxury home price not rising like condo prices Joannah Connolly Western Investor Although Metro Vancouver’s MLS home sales and prices have been recovering from their recent downturn since last summer, it’s a different story when…

Vancouver developers launched 11k fewer condo units in 2019 versus 2018

2020-02-25

Market uncertainty slowed condo units being built Sean MacKay Livabl Demand for new condos plunged in 2019 in Metro Vancouver and the region’s developers responded accordingly, cutting the number of condo units launched by 60 percent …

Metro Vancouver developers slash condo presale launches as demand drops

2020-02-24

The number of condo presale units released for sale in 2019 fell sharply, as developers responded to plummeting demand Joanne Lee-Young The Vancouver Sun The number of condo presale units released for sale in 2019 fell sharply in Metro Vanc…

This real estate market shows how fast things can change

2020-02-24

Asian housing markets vulnerable due to covid-19 Steve Randall Canadian Real Estate Wealth Real estate frequently follows trends but occasionally there will be a bolt from the blue that changes things fast. The US saw it a decade ago when s…

Predicted drop in B.C. housing starts not due to demand: CMHC

2020-02-24

Province expects a precipitous drop in housing starts this year Andrew Duffy Western Investor The province expects a precipitous drop in housing starts this year and another slip in 2021, but housing experts warn that is no indication deman…