Real Estate News & Articles

Condo Smarts: Walk strata to determine accuracy of plans

2019-09-26

Walk strata to determine accuracy of plans Tony Gioventu The Province Dear Tony: We have an unusual problem in our strata corporation. We have several buildings and we are 308 units. Several owners have approached council with a complaint t…

Alberta augmented reality platform to facilitate easier buy-and-sell

2019-09-25

Reality platform is promising to make buying and selling homes in Alberta easier Ephraim Vecina REP A just-launched augmented reality platform is promising to make buying and selling homes in Alberta easier and more streamlined. Bōde C…

Does the stress test need to be amended?

2019-09-25

Should the stress test have been introduced in the first place? Neil Sharma Mortgage Broker News Andrew Scheer proposed extending amortizations for first-time homebuyers, loosening the stress test and eliminating it for renewals, but that m…

BCREA: stress tests limiting impact of falling rates

2019-09-25

B-20 mortgage will see the qualifying rate hold steady Steve Randall Canadian Real Estate Wealth Mortgage rates are expected to remain at roughly their current level through to the end of 2020 according to a new forecast. The British Columb…

Avalanche of apartment buildings for sale hitting Metro Vancouver market

2019-09-25

'Unprecedented' listings reflect landlord frustration with rent caps, soaring property taxes and regulations Frank O'Brien Western Investor In the past few weeks, landlords have besieged Mark Goodman , a multi-family specialist with Vancouv…

Industry weighs in on Scheer's proposed amortization, B-20 amendments

2019-09-24

If interest rates climb as high as 5.5%, the stress test would effectively decimate the market Neil Sharma Mortgage Broker News If elected, Andrew Scheer promises to raise amortizations to 30 years for first-time buyers. But if interest rat…

Vancouver prices suffer decline while much of Canada goes up

2019-09-24

Vancouver defied the national housing price trend in August Ephraim Vecina Mortgage Broker News Vancouver defied the national housing price trend in August, being the only major market to have seen an annual decline during that month. The l…

The World's Wealthiest Families Are Stockpiling Cash as Recession Fears Grow

2019-09-23

Recession scare compels wealthy families to stockpile cash Suzanne Woolley and Benjamin Stupples Bloomberg Rick Stone, a former partner at Cadwalader, Wickersham & Taft, sees treacherous times ahead for family offices trying to deploy c…

Marketing secrets of a luxury broker

2019-09-23

Real estate and social media go hand in hand Danny Kucharsky REM When Montreal-area luxury real estate broker Martin Rouleau started to use social media in 2011 to promote his business, people told him that “the $2-million vendors are…

Vancouver real estate advisor urges conference goers to 'Jurock' this way

2019-09-23

Ozzie Jurock's annual conference full of investment advice, life philosophy and predictions Michael Geller Vancouver Courier “If you have a living room, start living in it.” “Enjoy your own reality show. Don’t watch …

Are you being taken advantage of?

2019-09-22

Mortgage Broker News IT MIGHT surprise you to learn that some of the top earners in this industry, who make up a large part of their own mortgage brokerage’s volume, have been losing thousands of dollars each year in otherwise earned …

Edgestone 62 four and five bedroom single-family homes at 165B Street and 21st Avenue Surrey by Foxridge Homes

2019-09-21

Customized finishes on offer at Foxridge's Edgestone Kathleen Freimond The Vancouver Sun Edgestone Project address: 165B Street and 21st Avenue, Surrey Developer: Foxridge Homes Architect: Foxridge Homes (in house) Interior designer: First …

Canadian Retail Sales

2019-09-20

Sales increased by 0.4% in July BCREA Canadian retail sales increased by 0.4% in July to $51.5 billion, driven largely by new auto sales. Retail sales were up in 6 of 11 sub-sectors, representing 71% of sales. In July, 6 of 10 province…

Vancouver ranked Canada's #1 for real estate investment in 2020

2019-09-20

Residential recovery makes Vancouver the hottest market to watch Western Investor Vancouver has been ranked Canada’s #1 market for real estate investment in 2020, in the annual PwC Canada   Emerging Trends in Real Estate report, …

Appeal possible in high-stakes Plaza of Nations dispute

2019-09-20

Legal battle continues between Concord Pacific and site owner over waterfront Vancouver property Chuck Chiang Western Investor The next steps in the high-profile court battle over the Plaza of Nations are taking shape, as the owner of the s…

Alberta makes housing trends data readily accessible online

2019-09-19

AREA launched interactive portal on province's housing trends Ephraim Vecina Canadian Real Estate Wealth In Alberta, market players and hopeful home owners alike will now have easy online access to more than 18 years of the province’s…

Strata Parking May Get Simpler

2019-09-19

Legally Speaking Parking Strata Properties Mike Mangan BCREA In its newest report (the "Report"), the British Columbia Law Institute's formidable committee of strata experts (the "Committee") recommends more changes to the Strata Property A…

RE/MAX launches video series showing real homebuyers' journeys

2019-09-19

HomeGoals series to launch in October Steve Randall Canadian Real Estate Wealth A new series of videos will go behind-the-scenes of Canadian homebuying and feature real homebuyers’ conversations as they prepare for their biggest purch…

Canadians' wealth reduced as real estate gains are erased

2019-09-19

Canadian household worth less in 2018 Steve Randall Canadian Real Estate Wealth The average Canadian household was worth less in 2018 than in the previous year. The average net worth of $678,792 was down $7,594 (1.1%) in 2018 according to a…

Condo Smarts: Aging receivables should be routinely reviewed

2019-09-19

Aging receivables should be routinely reviewed Tony Gioventu The Province Dear Tony: We are a mid-sized condo building of 55 units. Our units are mostly retired owner-occupied as we have a very desirable location. At our annual meeting, we …

B.C. developers marketing Vancouver condos in Hong Kong

2019-09-19

Leading development firms spot sales opportunity in the midst of protests Frank O'Brien Western Investor There is debate over whether anti-government protests in Hong Kong will lead to an exodus of its residents, but Vancouver developers ar…

Molson Coors move from Vancouver to Fraser Valley

2019-09-19

Industrial strength brewing in B.C.'s Fraser Valley Peter Mitham Western Investor An aerial view of the new Molson Coors plant in Chilliwack. The site covers 14.5 hectares and the brewery building is more than 400,000 square feet. Photograp…

Buyers of new GTA homes face $222K in government charges

2019-09-18

New single-family home buyers pay higher taxes Steve Randall Mortgage Broker News Buyers of newly constructed homes in the Greater Toronto Area pay some of the highest government charges in North America according to a new study. The analys…

Rental apartment market appears to be on rebound

2019-09-18

Investors' search for yield outweighs effect of more restrictive legislation EVAN DUGGAN The Vancouver Sun CAPREIT recently purchased The Point, a new 98-unit rental building in Langley for $39 million in a deal brokered by CBRE. Lance Coul…