Real Estate News & Articles

Economic fallout from China's coronavirus mounts around the world

2020-02-13

Asian and European auto plants run short of parts David J. Lynch other The economic casualties from China’s coronavirus epidemic are mounting as Asian and European auto plants run short of parts, free-spending Chinese tourists stay ho…

Most brokers say their market is "undervalued" says RE/MAX

2020-02-12

Low inventory major factor in buyers not buying Steve Randall Canadian Real Estate Wealth More than 6 in 10 real estate brokers say they are seeing buyers priced out of their markets despite better housing affordability. A Leger survey for …

Metro Vancouver's office vacancy rate to tighten further to record lows

2020-02-12

Market is at a "critical juncture" with demand from global technology firms Joannah Connolly Western Investor The Deloitte Summit building at 400 West Georgia Street, by developer Westbank, is 84 per cent preleased as of end 2019, said Avis…

B.C. stratas on edge after reports of soaring insurance premiums

2020-02-11

B.C. stratas on edge over looming hikes Dan Fumano The Province Condos across B.C. could be hit by soaring insurance bills this year, a New Westminster strata council president is warning. When residents of Anchor Pointe in New Westminster …

Canada's most walkable cities according to Redfin

2020-02-11

A new report shows Canada's most walkable cities Steve Randall Canadian Real Estate Wealth Urban living in an age where the environment is a key focus means amenities on your doorstep but some cities are doing it better than others. A new r…

Harry and Meghan have picked the right country report shows

2020-02-11

Canada takes top spot for most liveable cities Steve Randall Canadian Real Estate Wealth Europeans looking to relocate outside their continent should move to Canada according to a new study of the world’s most liveable cities for the …

Vancouver's empty homes tax is working - city officials

2020-02-11

More empty homes returned to the rental market in Vancouver Ephraim Vecina Mortgage Broker News Despite some initial resistance, Vancouver’s empty homes tax continues to perform as expected, mayor Kennedy Stewart said. “The empt…

Landlords to return deposits faster under new BC rules

2020-02-10

New renters system means faster deposit returns Steve Randall REP Renters in British Columbia should get their security deposits back faster thanks to a new regime. Currently, if a landlord does not return a tenant’s uncontested secur…

Canada created 34,500 jobs in January and they were all full time

2020-02-10

Canada's labour force grew for second month in a row Steve Randall REP Canada’s labour force grew in January with 34,500 jobs added to the economy, the second consecutive months of gains. The figures from Statistics Canada show that a…

Toronto market is heating up like early 2016

2020-02-10

RBC Economics says market is showing signs of overheating Steve Randall REP The housing market in Toronto is starting to look a lot like it did in early 2016 warns a new report. RBC Economics says that the market is showing signs of overhea…

Shipping-container homes becoming a beautiful -- and permanent - living solution

2020-02-07

New generation of modular steel homes will be on display at B.C. Home and Garden Show this month Joannah Connolly Western Investor Modular shipping-container homes such as the Honomobo are suitable for sites that could otherwise be difficul…

Home sharing a win-win for two generations

2020-02-07

Millennials living with baby boomers to afford homes Myles Shane REM Many millennials believe they may never be able to afford a home unless they have family that can help them out financially. But baby boomers, many of whom are now se…

New York is banning agent fees for rentals

2020-02-07

Brokers working for landlords can't charge fees Steve Randall Mortgage Broker News The cost of renting an apartment in New York can be eyewatering, not least because of the fees. But a new guidance issued by the New York Department of State…

Fraser Valley home sales typical for January

2020-02-06

Home sales in the Fraser Valley housing market were 7% above the 10-year average Steve Randall Canadian Real Estate Wealth Home sales in the Fraser Valley housing market were 7% above the 10-year average for the month in January, while list…

Supply down, sales up in Metro Vancouver

2020-02-06

Vancouver residential market lacking inventory Gerv Tacadena Canadian Real Estate Wealth The residential market of Metro Vancouver started the new decade with a substantial jump in home sales; however, the current supply of dwellings up for…

Insurance options should be considered

2020-02-06

Strata corporation should consider the options for renewing your insurance Tony Gioventu The Province Dear Tony: We are a first-time buyer and looking at an older condo in Surrey that is affordable and large enough for our family. The build…

Two single-family homes in Shaughnessy could be replaced by 81-unit rental building

2020-02-06

Rezoning proposal envisions four-storey building along Granville Street and West 32nd Avenue Naoibh O'Connor Vancouver Courier A market rental building may be coming to Shaughnessy. A formal rezoning application has been filed for a four-st…

Insurance issues could cause B.C. condo market collapse, homeowners association warns

2020-02-06

B.C. stratas on edge over looming hikes Ross McLaughlin other There are dire warnings that the condo real estate market in B.C. could collapse unless the province steps in to stop it. A representative of a condo owners' association says rec…

BC to offer online process for property tax deferment

2020-02-05

British Columbian homeowners can go online to defer property tax Steve Randall REP British Columbian homeowners who want to apply for deferment of property tax will soon be able to do so online. The property tax deferment program provides l…

Vancouver home sales start 2020 strong but below average

2020-02-05

Home sales activity in the Metro Vancouver housing market continue to improve Steve Randall REP Home sales activity in the Metro Vancouver housing market continue to improve on 2019’s slump. Data from the Real Estate Board of Greater …

RECO investigates Purplebricks review allegations

2020-02-05

The Real Estate Council of Ontario says Purplebricks staff wrote reviews Mario Toneguzzi REM The Real Estate Council of Ontario says it is looking into allegations that real estate brokerage Purplebricks Canada used staff to write online re…

Vancouver's new Plaza of Nations to include towers, Canucks rink, music venue

2020-02-05

Three phases to Plaza of Nations redevelopment Naoibh O'Connor Western Investor Canadian Metropolitan Properties’ plans to redevelop the North East False Creek Plaza of Nations site at 750 Pacific Boulevard are set to go before the Ur…

Rezonings, capped rents stymie Metro Vancouver development

2020-02-05

Frustrated developers call for fast-track permits, end of rezonings, and rolling back of recent market-cooling measures Peter Mitham Western Investor One thing was clear at the January 23 Urban Development Institute’s (UDI) annual for…

First-time home buyer incentive 'a flop' with minimal take-up

2020-02-04

Federal program so far used by only 29 home buyers in Metro Vancouver Frank O'Brien Western Investor The federal First Time Buyer Incentive (FTHBI), introduced in September 2019, has so far been used by only 29 buyers in Metro Vancouver and…