Real Estate News & Articles

Strata fines never automatically imposed

2019-10-17

Review bank service agreement for consent to pay fees Tony Gioventu The Province Dear Tony: Several years ago, our strata corporation adopted a bylaw requiring owners to provide payments by automatic bank withdrawal. At the time, several ow…

The Heights on Austin 344 homes in two towers - East Tower 1045 Austin - West Tower 505 Nelson by Beedie Living

2019-10-17

The Heights on Austin to comprise two 25-storey towers Simon Briault The Province The Heights on Austin, a project from Beedie Living, will include 344 homes. Spectacular outlooks will be on offer at The Heights on Austin Bathrooms will be …

Facebook has a 'very significant image problem' as it develops Libra digital currency

2019-10-16

Report says Facebook's digital currency not accepted Murad Hemmadi The Vancouver Sun Consumers in emerging markets are willing to use a digital currency issued by a technology company, as long as that company isn’t Facebook, according…

Housing slowdown hasn't harmed BC economy much says TD

2019-10-15

A report says economy sustained by continued growth Steve Randall REP The sharp slowdown in the British Columbia housing market has not resulted in a major impact for the province’s economy. A TD Economics report says that the economy…

When to get a representation agreement signed

2019-10-15

The brokerage must have the buyer sign agreement Kenneth Laroza REM I often have new agents ask me: when should I get a buyer representation agreement signed? When should I present it? I don’t want to seem pushy…. According to …

September home sales surge signals the real estate market is returning to equilibrium

2019-10-11

In September were up in both Toronto and Vancouver, housing prices presented a different picture Murtaza Haider and Stephen Moranis The Vancouver Sun Housing markets in Toronto and Vancouver appear to be on the mend, as both gained strength…

New home prices rise for the first time in more than a year

2019-10-11

There is slight increase in the price of new housing nationally Steve Randall Mortgage Broker News There was a slight increase in the price of new housing nationally in August. Prices were up 0.1% from July, the first increase since July 20…

Colliers makes landmark sale of Vancouver multifamily asset

2019-10-11

Surrey Gardens Apartment complex sold Steve Randall Mortgage Broker News Colliers International is celebrating the sale of one of the largest multifamily investment assets in Vancouver. With 3 wood-framed apartment buildings, 223 residentia…

Promises, promises: CEO warns election rhetoric could boost home prices

2019-10-11

Tunnel vision on housing could raise home prices Kimberly Greene Mortgage Broker News During this federal election cycle, Royal LePage President and CEO Phil Soper said it’s encouraging that the candidates have focused so much thought…

This is the largest driver of Canada's population growth

2019-10-11

Population growth continues to drive Canadian condo market activity Ephraim Vecina Mortgage Broker News Much of the growth in Canada’s population and consumer base can be attributed to immigration, according to Statistics Canada. Late…

Teranet partnership takes real estate insights to new heights

2019-10-10

Nearmap Ltd. Joins Teranet in real estate information provider Steve Randall Canadian Real Estate Wealth A Canadian provider of information systems for the real estate, legal, and financial services industries, has announced a high-flying n…

Warning for real estate, mortgage pros as cyber attacks increase

2019-10-10

Cybersecurity training need for real estate Steve Randall Canadian Real Estate Wealth Real estate agencies and mortgage firms may be leaving themselves exposed to cyber attacks by not taking some simple steps. A new report from the Canadian…

Canadian housing activity benefits greatly from population growth

2019-10-10

Population growth continues to drive Canadian condo market activity Ephraim Vecina Canadian Real Estate Wealth A significant driver of Canada’s housing dynamism is its population growth, taking into account the latest sales figures fr…

This year's sales continue to outstrip 2018's, amid weaker starts

2019-10-10

Slow housing starts not affecting sales Ephraim Vecina Canadian Real Estate Wealth Despite signs of housing starts losing steam, Canada’s home sales remain stronger compared to last year and the early months of 2019. “This conti…

Parasitic housing could become infectious

2019-10-10

Tiny homes built on other buildings an architectural option for crowded urban centres JESSICA GODDARD The Province Picture Toronto’s CN Tower covered in clusters of barnacle-like pods, extending upward on one of Canada’s most ce…

Stratas obliged to ensure safe access for all residents

2019-10-10

Stratas obliged to ensure safe access for all Tony Gioventu The Province Dear Tony: I live in a condo apartment building that was completed in 1995. We have 48 units over eight floors. Our family has lived in the building since day one, but…

New rules could spell doom for tax havens

2019-10-09

Firms, foreign investors will no longer enjoy many perks as regulations change JULIUS MELNITZER The Vancouver Sun Foreigners looking to Canada as a tax haven and Canadians seeking havens abroad will have to deal with a whole new set of rule…

Another major financial organization has reportedly been hacked

2019-10-09

TransUnion was hacked in July Steve Randall REP The personal and financial data of around 37,000 Canadians has been compromised in a cyber incident according to a report by HuffPost Canada. The news outlet says that credit ratings firm Tran…

Population growth continues to drive Canadian condo market activity

2019-10-09

There is a demand for lower-cost housing in Vancouver Ephraim Vecina REP Steady demand for lower-cost housing in Toronto, Vancouver, and Montreal has impelled much-intensified condo market activity this fall, if the latest figures from thes…

Vancouver housing market easing towards more balanced conditions

2019-10-08

Increased supply and more demand is moving the Vancouver market to normal levels Ephraim Vecina Canadian Real Estate Wealth With much-boosted supply offsetting intensified demand, Vancouver’s housing market is steadily moving towards …

Canada's condo markets intensify, outstripping the rest of NA

2019-10-08

Vancouver condo market showing increase sales Ephraim Vecina Mortgage Broker News Condo markets in Toronto, Vancouver, and Montreal have accelerated significantly this fall, especially when compared to other major cities south of the border…

Touring the home of Ukraine's deposed president Viktor Yanukovych

2019-10-08

Secret home of former Ukraine president now a tourist attraction Diane Slawych REM Officially the home is called Mezhyhirya, but locals sometimes refer to it as the ?house of corruption?. ?We didn?t allow people to steal or crush everything…

Vancouver housing sales accelerate in September

2019-10-07

Vancouver home sales had a 46% gain in September Ephraim Vecina Mortgage Broker News Amid falling prices, Vancouver’s home sales activity enjoyed a massive 46.3% year-over-year gain in September, according to the Real Estate Board of …

Pre-construction investments can be risky to flip

2019-10-07

To flip or not to flip? Natalka Falcomer REM Ever since Toronto’s real estate boom began, pre-construction has been one of the most popular forms of investment. This is because investors assume that the value of a future project will …