Real Estate News & Articles

TREB is now TRREB as real estate board gets a makeover

2020-01-28

Toronto Regional Real Estate Board replaces TREB Steve Randall REP A major name in Canadian real estate has a new name and look after a brand refresh. Toronto Real Estate Board has become Toronto Regional Real Estate Board this week, with a…

Vancouver amongst world's most expensive markets

2020-01-28

Vancouver's housing market maintained its position as the second most expensive in the world Gerv Tacadena Canadian Real Estate Wealth Vancouver's housing market maintained its position as the second most expensive in the world, according t…

BCREA report forecasts increased sales, prices for 2020

2020-01-28

Moderate growth for the provincial housing market in 2020 Clayton Jarvis Canadian Real Estate Wealth In its first quarter forecast, the British Columbia Real Estate Association projects moderate growth for the provincial housing market in 2…

Vancouver eyes better amenities without impacting housing costs

2020-01-27

The City's Community Amenity Contribution (CAC) Policy has being updated Steve Randall Canadian Real Estate Wealth The City of Vancouver wants to ensure greater and efficacy of a key development contribution policy without adding burden to …

More data, more problems: Canadian execs unsure about data

2020-01-27

Financial companies are quickly amassing vast volumes of data, but executives are increasingly challenged by the fractured nature of existing systems Kimberly Greene Mortgage Broker News Almost all financial services executives are challeng…

Significant price declines observable among Vancouver detached homes

2020-01-27

Despite accelerating sales and ever-tighter supply, the value of Vancouver's detached housing is steadily declining Ephraim Vecina Mortgage Broker News Despite accelerating sales and ever-tighter supply, the value of Vancouver’s detac…

Canadian Retail Sales (Nov) - Jan 24, 2020

2020-01-24

Seasonally-adjusted Canadian retail sales rose by 0.9% BCREA Seasonally-adjusted Canadian retail sales rose by 0.9% in November to $51.5 billion, driven by higher sales at motor vehicle and parts dealers, and at food and beverage stores. Th…

Developers paint bleak picture of Metro Vancouver's future under status quo

2020-01-24

Region can embrace global status or become a "museum city," says industry panel at forecast event Joannah Connolly Western Investor Metro Vancouver is at a crucial fork in the road — does it become a global city, embracing change and …

Big tech fish migrating to 'small pond' Victoria

2020-01-24

Rising number of international companies are opening offices in B.C.'s capital Tyler Orton Western Investor When Matt Celuszak’s London-based firm embarked on the hunt for a city in which to launch its global research centre for artif…

Bylaw on deductible won't benefit insurance renewal

2020-01-23

Beware of bylaws that limit or restrict insurance claims Tony Gioventu The Province Dear Tony: Our strata corporation has consulted with a lawyer and our property manager and have been advised that if we approve a bylaw that limits the amou…

Mastercard to open $510M cyber-security centre in Vancouver

2020-01-23

Investment follows a $49 million incentive from the federal government to entice the financial giant to B.C. Tyler Orton Western Investor Ottawa is putting up nearly $50 million to boost the presence of Mastercard Inc. in Vancouver with the…

How Long Would It Take to Save for the Home Buyers' Plan Across Canada?

2020-01-23

Number of Years It Takes To Save $35,000 in RRSPs, By Income Group Penelope Graham other The  Home Buyers’ Plan (HBP) is one of several tools offered by the federal government to make it easier for first-time home buyers to get i…

Fort MCMurrey is the world's most affordable housing market with a 1.8 multiple ranking

2020-01-23

This Canadian city is the world's most affordable housing market Steve Randall Canadian Real Estate Wealth The Canadian oilsands city of Fort McMurray has topped a ranking of the world’s most affordable housing markets. The Albertan c…

5 Financial Benefits Only Available for Homeowners

2020-01-22

There are many financial incentives available to homeowners not available to renters Catherine Musgrove REW Sure, renting has its perks, but did you know there are some great financial incentives only available to homeowners? If you current…

Metro Vancouver's apartment building sales drop despite tight rental market

2020-01-22

Multi-family property owners have seen value of assets eroded, finds Goodman Commercial Peter Mitham Western Investor According to Simon Fraser University associate professor Josh Gordon, the biggest driver of rental vacancies in any given …

BC moves forward in the fight against money laundering

2020-01-22

BC Government creating a central registry to guard against money laundering Kimberly Greene Mortgage Broker News The government of British Columbia has been outspoken on anti-money laundering measures, particularly after more than $7 billio…

Go Big: Multi-family and commercial projected for continued strong growth in 2020 says new report

2020-01-21

New report by Morguard Corp. paints a positive picture for multi-suite residential sectors Clayton Jarvis Canadian Real Estate Wealth Earlier this month, Mississauga, Ontario-based real estate management company Morguard Corporation release…

Demand for rental units outstrips supply

2020-01-21

National rental vacancy rate at 2.2% Gerv Tacadena Canadian Real Estate Wealth The demand for rental apartment units continued to outshine the housing supply in 2019, leading to the third consecutive annual decline in the national vacancy r…

Vancouver poised to get back on its feet

2020-01-21

Greater Vancouver housing market shows modest growth Gerv Tacadena Canadian Real Estate Wealth The housing market of Greater Vancouver is projected to witness a modest growth this year after a weak 2019, according to the latest forecast by …

Public B.C. corporate registry would be 'game changer' for money laundering

2020-01-21

But unchecked corporate trusts remain 'a vehicle' for dirty money in B.C., says anti-money-laundering coalition Graeme Wood Western Investor Downtown Vancouver's financial district is home to thousands of numbered companies and some with hi…

Vancouver poised to get back on its feet

2020-01-21

The housing market of Greater Vancouver is projected to witness a modest growth this year Gerv Tacadena Canadian Real Estate Wealth The housing market of Greater Vancouver is projected to witness a modest growth this year after a weak 2019,…

How Blockchain Technology Could Disrupt Real Estate

2020-01-21

The real estate industry is undergoing a digital transformation other Blockchain technology could have a major effect on the real estate industry, from property purchasing to due diligence to title management. We identify the early adopters…

How Blockchain Technology Could Disrupt Real Estate

2020-01-21

The real estate industry is undergoing a digital transformation other Blockchain technology could have a major effect on the real estate industry, from property purchasing to due diligence to title management. We identify the early adopters…

Vancouver 2 years in a row ranked world's second least affordable housing market

2020-01-21

Vancouver ranked world's second-least affordable housing market-again Alissa Thibault other VANCOUVER -- For the second year in a row, Vancouver has ranked as the second-most unaffordable housing market in the world. That’s according …