Real Estate News & Articles

Vancouver announces boost for supply of affordable rental homes

2019-11-28

Rental only zones and up to 6-storeys in residential areas Steve Randall REP Several policy changes proposed by Vancouver City Council could deliver thousands of new rental homes over the coming years. The council approved recommendations t…

Agencies want to improve home financing for First Nations

2019-11-28

CMHC and LAB changing policy for First Nations Steve Randall REP First Nation families are expected to benefit from two policy changes announced by CMHC and the Lands Advisory Board (LAB) this week. The enhancements are aimed at making it e…

Prudent to do homework before contracting out work

2019-11-28

Get quotes and qualifications for major repairs Tony Gioventu The Province Dear Tony: Is there anything in the Strata Act or legislation that requires a strata council to get three bids for projects of a certain value? Our strata council is…

Spinning Chandelier draws attention to 'neo-gothic form' under Granville Street Bridge

2019-11-28

Spinning Chandelier will go through its four-minute routine of lighting up and spinning twice a day, likely at 12 noon and 9 pm. Kevin Griffin The Vancouver Sun Spinning Chandelier is being unveiled at 6:30 pm Wednesday, Nov. 27 when it wil…

National foreign vacancy tax on residential properties expected soon

2019-11-28

Those outside of B.C. would feel affects most, as tax would be new in Alberta, Saskatchewan, Manitoba and eastern provinces Western Investor Overseas owners of homes in Alberta, Saskatchewan, Manitoba and the rest of Canada, outside of part…

Vancouver's empty homes tax increasing by 25%

2019-11-28

Empty homes tax at 1.25 per cent in 2020 Sheila Scott Alyse Kotyk other Vancouver's controversial empty homes tax is going up by 25 per cent starting next year, and there will be more increases to come, following a decision by city council.…

Vancouver council approves measures to encourage development of rental housing

2019-11-27

Council approves rental-only zoning and a housing pilot program Naoibh O'Connor Vancouver Courier Vancouver council approved, at a Nov. 26 council meeting that ran well into the evening, a host of measures aimed at improving Vancouver&rsquo…

Wealthier, more confident consumers to drive home price growth in 2020

2019-11-27

Canadian housing market to enjoy healthy growth in 2020 Ephraim Vecina Mortgage Broker News Bolstered by increased consumer confidence, the Canadian housing market will likely enjoy healthy growth in 2020, with RE/MAX predicting average res…

Toronto millennial realtor marketing on social media incl Instagram and Facebook

2019-11-27

Desiree Tomanelli understands her clients "because I live it" Susan Doran REM Desiree Tomanelli Desiree Tomanelli has her kick-ass Realtor image down. Suit. Heels. Cell phone in hand. Various mentors have advised her to change things up fro…

$12.7M land deal a crossroads for Shaughnessy

2019-11-27

Affordable rentals eyed for site in Vancouver's most exclusive community Western Investor A 37,938-square-foot site in Vancouver?s prestigious Shaughnessy neighbourhood sold for $12.7 million A near-one-acre site will be developed for …

Vancouver condos continue to impel demand, despite muted annual growth

2019-11-26

The year-over-year price trend is declining, demand for Vancouver?s condos is still driving growth Ephraim Vecina Mortgage Broker News While the year-over-year price trend is declining, demand for Vancouver’s condos is still driving g…

BC housing market recovering faster than expected says Central 1 Credit Union

2019-11-26

Lower mortgage rates, the first-time homebuyer incentive, and international immigration give the market a helping hand Steve Randall The Vancouver Sun The housing market in British Columbia is benefitting from a cocktail of positive influen…

What Ontario's Bill 108 means for developers

2019-11-26

Bill 108 Ontario's housing policy Kasi Johnston Mortgage Broker News Changes to Ontario’s housing policy through Bill 108, More Homes, More Choice Act are not going unnoticed. The bill, which Ontario Real Estate Association (OREA) CEO…

Telus, Polygon sue each other over collapsed $175M Burnaby land deal

2019-11-26

Telecoms giant and major Vancouver developer file duelling lawsuits, blaming each other for Polygon backing out of deal Cornelia Naylor Western Investor Telecoms giant Telus and a major Lower Mainland developer have launched duelling lawsui…

Christies International chief expects global downturn in 2021

2019-11-25

Once the next US president is sworn in, things are likely to take a turn Steve Randall Mortgage Broker News A global recession would bring challenges for the global real estate market but it is unlikely next year according to one major firm…

Top-class office complex in GTA to be sold for nearly $118M next month

2019-11-25

Trillium Executive Centre a Class ?AAA? office building acquired by True North Ephraim Vecina Mortgage Broker News A $117.8-million transaction for a top-class office complex in the GTA will take place next month, True North Commercial Real…

How stores like Costco use everything from layout to smell to make you open your wallet

2019-11-23

The subconscious ways retailers use design to get you to shop CBC Radio The design of many stores — from floor plan to scent — actively encourages consumers to stay longer and spend more money, according to retail design and way…

Teranet, National Bank, and Stats Canada announce partnership

2019-11-22

Partnership to build a resale residential property price index Kimberly Greene Mortgage Broker News Teranet and National Bank of Canada recently announced an agreement with Statistics Canada to build a unique Resale Residential Property Pri…

6-storey pre-zoning among Vancouver's proposed changes to build more rentals

2019-11-21

New rental building at 1303 Kingsway & 3728 Clark Drive Kenneth Chan other A newly released report by City of Vancouver staff builds on the conclusion that incentives are critical to the creation of new purpose-built rental housing supp…

Metro Vancouver's bricks-and-mortar retail property sector rebuilding

2019-11-21

Region's 'bad retail' disrupted by online sales and poor locations, but well-placed malls are thriving Frank O'Brien Western Investor Westbank is adding an 80,000-square-foot retail village beneath its Vancouver House condo tower at the nor…

Residential site in Vancouver's Shaughnessy sold for $12.7M

2019-11-20

Land parcel totalling nearly an acre, in Vancouver's most exclusive neighbourhood, has potential for 85 rental units Mark Goodman Western Investor Breakdown: Property type: Residential development site Location: 1464 West 32nd Street a…

Toronto to move forward with regulation of short-term rentals

2019-11-19

Short-term rentals in Toronto allowed in principal residences Steve Randall Canadian Real Estate Wealth Plans to regulate the short-term rentals market in Toronto will go ahead following the dismissal of an appeal. It means that short-term …

Ontario tribunal hands down ruling in appeal of Toronto Airbnb regulations

2019-11-19

The city's rules regulating short-term rentals will remain in place Clayton Jarvis Canadian Real Estate Wealth On October 15, Ontario’s Local Planning Appeal Tribunal (LPAT) concluded an appeal of Toronto’s short-term rental rul…

Wealthy homebuyers are choosing these global cities

2019-11-18

Vancouver ranked 44th in global cities for luxury homes Steve Randall Canadian Real Estate Wealth The luxury real estate market slowed in the third quarter of 2019 according to a new global index. The Knight Frank Prime Global Cities Index …