Real Estate News & Articles

Metro Vancouver's residential real estate prices continue to creep up

2020-02-04

Home sales in January 2020 were 42.4 per cent higher than one year previously, reports board, while inventory remains low Joannah Connolly Western Investor The Metro Vancouver residential real estate market has had a fairly strong start to …

BCREA 2020 First Quarter Housing Forecast Update

2020-02-03

BC Homes Sales Carry Momentum into 2020 BCREA The British Columbia Real Estate Association (BCREA) released its 2020 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are…

Clock ticking for Vancouver homeowners to file EHT declaration

2020-02-03

The deadline for homeowners in Vancouver to file their Empty Homes Tax declaration is almost here Steve Randall Mortgage Broker News The deadline for homeowners in Vancouver to file their Empty Homes Tax declaration is almost here. Owners h…

Mission waterfront industrial site sold for $2.8M

2020-02-03

Two-acre land parcel in prime development location fetches $400K under its $3.2M asking price Jag Cheema Royal LePage Harpreet Singh Cushman & Wakefield Western Investor Breakdown: Type of property: Industrial land on waterfront Size of lan…

Where is the 'grey wave' pooling? Our top five B.C. retirement towns

2020-01-31

Investors should look at top retirement towns in B.C. Lise Boullard Frank O'Brien Western Investor Sechelt on the Sunshine Coast is a 35-minute ferry ride from Metro Vancouver but house prices are at least 50 per cent lower. Seniors now com…

Canadian Monthly Real GDP (Nov) - Jan 31, 2020

2020-01-31

BCREA The Canadian economy grew by 0.1% in November, offsetting most of the decline in October. Driving the increase were the construction industry (0.5%) and utilities (2.1%) where inclement weather in central Canada drove up demand&n…

SRO buildings continue to sell as Vancouver aims to discourage speculation

2020-01-31

Single room occupancy hotel buildings have long been "cash-cow" investments Joanne Lee-Young The Vancouver Sun The assessed value of all single-room occupancy hotel buildings in Vancouver increased by a striking 84 per cent during the last …

Vancouver green-lights moderate income rental homes

2020-01-30

Moderate income earners in Vancouver will have access to below-market rental homes Steve Randall Canadian Real Estate Wealth Moderate income earners in Vancouver will have access to more than 50 new below-market rental homes following the C…

Canadian home prices accelerated in 2019 says Statistics Canada

2020-01-30

The fourth quarter of 2019 saw a 0.6% increase Steve Randall Canadian Real Estate Wealth The fourth quarter of 2019 saw a 0.6% increase in Canadian home prices nationwide according to a new report. Statistics Canada’s latest reading o…

One more blow to cash flow in Vancouver

2020-01-30

On January 1 City of Vancouver increased taxes by 7% Clayton Jarvis Canadian Real Estate Wealth Investors with their sights set on Vancouver’s recently resurgent market will need to factor a significantly heavier tax burden into their…

Council must vote on, report use of reserve funds

2020-01-30

There is more than one benefit to the owners when you issue a special levy for an insurance deductible Tony Gioventu The Province Dear Tony: Our strata has had a deductible of $100,000 for several years due to a number of claims and the ina…

Canadian software company partners with American POS solution

2020-01-29

BluRoot is rolling out an integration with Floify Kimberly Greene Mortgage Broker News Canadian software company BluRoot is rolling out an integration with Floify that is designed to provide end-to-end transaction support to Canadian mortga…

Canadian tech firm launches first-of-kind AI tool for brokerages

2020-01-29

A new tool powered by artificial intelligence (AI) for real estate brokerages Steve Randall Mortgage Broker News A new tool powered by artificial intelligence (AI) aims to give real estate brokerage leaders strategic insights to drive profi…

Vancouver aims to protect and expand co-ops on city-owned land

2020-01-29

The Mayor of Vancouver says he is committed to protecting and expanding co-ops Steve Randall Mortgage Broker News The Mayor of Vancouver says he is committed to protecting and expanding co-ops on city-owned land, a popular housing option ov…

Shopify takes 70,000 sq ft office, will hire 1000 in Vancouver

2020-01-29

It will be shopify's first permanent office in the city Steve Randall Mortgage Broker News Shopify has made a major commitment to Vancouver with a new permanent office due to open later this year. The decision to open a 70,000 square foot o…

Metro Vancouver residential land market shows signs of life

2020-01-29

Significant purchases by major developers suggest recent land sale slowdown may be ending Peter Mitham Western Investor Year-end housing data from Canada Mortgage and Housing Corp. (CMHC) earlier this month pointed to record housing starts …

Coronavirus outbreak means fewer Vancouver new condo sales this winter: realtor

2020-01-29

Chinese nationals are a considerable proportion of Vancouver real estate buyers Sean MacKay Livabl The coronavirus outbreak that originated in the Chinese city of Wuhan has already had a significant effect on life beyond China’s borde…

How all leaders can contribute to the employee experience

2020-01-28

Jen Jackson Mortgage Broker News Increasingly, culture and engagement, along with other lagging indicators, are being seen not as unique challenges owned by a specific function, but as outcomes driven by antecedents and behaviours — m…

Toronto detached housing veering towards crisis of availability

2020-01-28

December 2019 was the seventh straight month of price growth in the red-hot market Ephraim Vecina Mortgage Broker News Single detached housing is becoming an increasingly rare resource in high-demand Toronto, according to the market’s…

Canadian reverse mortgage debt reaches nearly $4 billion

2020-01-28

A significant driver of reverse mortgages appears to be weaker-than-expected purchasing power Ephraim Vecina Mortgage Broker News Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage de…

PropTech has reached critical mass, according to new report

2020-01-28

Data usability challenges continue to hinder productivity Kimberly Greene Mortgage Broker News PropTech adoption has hit a critical mass threshold, according to the 2020 Altus Group CRE Innovation Report . For the first time in the five yea…

Planning to buy a snowbird retreat in Florida?

2020-01-28

Florida's housing market is constrained by tight inventory Steve Randall REP Florida’s housing market is constrained by tight inventory which is not likely to improve significantly due to several challenges cited in a new report from …

BC considering allowing extra homes on agricultural land

2020-01-28

Farmers may be allowed additional options for residences Steve Randall REP Farmers may be allowed additional options for residences on their land under new proposals being considered in British Columbia. The provincial government is weighin…

Wowa expands AI-powered real estate marketplace to BC

2020-01-28

A real estate marketplace for agents Steve Randall REP A real estate marketplace for agents which has seen success in Ontario is planning nationwide expansion. Wowa is an AI-powered solution that helps home buyers and sellers search for rea…