Real Estate News & Articles

Continued Stabilizing Commercial Activity in 2019 Q2

2019-09-09

Commercial Activity Remains Stable in 2019 Q3 BCREA The BCREA Commercial Leading Indicator (CLI) rose by 0.7 points to 135.7 in the second quarter of 2019. Compared to this time one year ago, the index is unchanged compared to the same time…

100 Lombardy Parksville a 5-storey building with 29 two bedroom condos by Radcliffe Development Corp

2019-09-07

At 100 Lombardy in Parksville, scaling down can be a step up for retirees Michael Bernard The Vancouver Sun Whenever Albertans Sandra and Ted Beath have visited the Vancouver Island seaside town of Parksville, they enjoy a coffee at the McD…

BC sales set to end 2019 down 5% on last year

2019-09-06

Metro Vancouver sales return to more typical levels Steve Randall Canadian Real Estate Wealth Things are looking up for home sales in BC with a return to more average performance … but not until next year. The latest forecast from th…

Calgary suffers significant deceleration in real estate investment

2019-09-06

Altus Group findings for Q2 2019 shows a plunge in real estate investment Ephraim Vecina REP On the heels of steady economic recovery, Alberta is grappling with a considerable drop-off in its real estate investment volumes, according to lat…

Prince Rupert port receives $153.7 million federal funding injection

2019-09-06

Funds will aid development of $311 million in port expansion projects Jeremy Hainsworth Western Investor Continued development of the Port of Prince Rupert received a financial injection from Ottawa September 5 with the announcement of $153…

City of Vancouver issues hundreds of short-term rental violation tickets

2019-09-06

First year of legal short-term rentals saw 660 violation tickets, 276 legal orders and 117 suspensions Glen Korstrom Western Investor The City of Vancouver is touting its enforcement for helping its year-old short-term rental program run ef…

Three Canadian cities are North America's best places to live in

2019-09-06

Of the continent's large metropolises, the best ones to live in are all found in Canada Ephraim Vecina Mortgage Broker News Of the continent’s large metropolises, the best ones to live in are all found in Canada, according to the late…

BCREA 2019 Q3 - 75,000 sales in 2019 YTD, 23,000 realtors, Average sale price )$718,000, 11 real estate boards

2019-09-05

BC Homes Sales Set to Normalize in 2020 BCREA The British Columbia Real Estate Association (BCREA) released its 2019 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are…

Metro Vancouver sales return to more typical levels

2019-09-05

Metro Vancouver home sales up this summer Steve Randall REP Home sales in Metro Vancouver increased in double digits year-over-year in August. Total sales of 2,231 reported by the Real Estate Board of Greater Vancouver was 12.7% below the J…

Toronto Real Estate Board says home sales up in August

2019-09-05

TREB releases latest home sales data Mortgage Broker News The Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4 per cent compared with a year ago. The board say there were 7,711 home sales through …

Big increases have hit strata insurance customers

2019-09-05

Delinquent repairs could lead to high insurance deductibles Tony Gioventu The Province Dear Tony: Our strata corporation is an older wood-frame condo. In the past three years we have experienced a number of water claims on our insurance. Tw…

Winston Terraces 19624 56 Avenue Langley 26 two, three and four bedroom townhomes by Quadstar Development

2019-09-05

Winston Terraces homes feature huge roof decks that will make for stylish outdoor living Kathleen Freimond The Province As Langley continues to grow – according to Statistics Canada, the municipality’s population has increased b…

Housing rental increase in B.C. set at 2.6 per cent in 2020

2019-09-05

Housing rental hike pegged at maximum of 2.6% for 2020 in the province Tiffany Crawford The Province If you rent your home in B.C. you could be paying as much as 2.6 per cent more next year. That’s the most that landlords are allowed …

Metro Vancouver home sales up this summer

2019-09-05

Sales were up in all types of housing in August, according to the Real Estate Board of Greater Vancouver Tiffany Crawford The Province Home sales in Metro Vancouver were slightly up this summer compared with last year, according to the Real…

B.C. government announces maximum rent hike for 2020

2019-09-05

Landlords remain limited to provincial rate of inflation when raising rents Western Investor Following last year's rent-increase-cap announcement, the B.C. government has now set the rate that landlords can hike rents in 2020 at 2.6 per cen…

Slack Falls After Projecting Slower Second-Half Sales Growth

2019-09-04

Nico Grant Bloomberg Slack Technologies Inc. shares plunged in extended trading after projecting slower sales growth for the second half of the year, a signal that strong competition may dent the software maker’s rapid rise. Revenue w…

Condos cost more than houses per square foot, but in some markets the gap is closing

2019-09-04

Where low-rise housing is in high demand and short supply, even size-adjusted prices can climb and approach those of high-rises Murtaza Haider and Stephen Moranis The Vancouver Sun Housing is a heterogeneous good. Diversity in age, location…

First-Time Home Buyer Incentive is live, but industry is skeptical

2019-09-03

The first-time home buyer incentive falls short for Vancouver buyers Steve Randall Canadian Real Estate Wealth As Canadians enjoyed the Labour Day holiday, a new government scheme was officially launched that aims to help more people get on…

Vancouver pre-sale units are seeing less launches and transactions

2019-09-03

Pre-sale units fewer this year due to late or cancelled developments Ephraim Vecina Mortgage Broker News Launches of pre-sales in the Greater Vancouver region have seen a drastic decline over the past year, as developers are reacting to slu…

Here's what you need to know about the First-time Home Buyer Incentive

2019-09-02

The government's First-Time Home Buyer Incentive (FTHBI) comes into effect today Sarah Turnbull other The program, aimed at making it easier for young people to buy their first home by lowering new buyers' monthly mortgage payments. Accordi…

Pilothouse at Hampton Cove 5535 Admiral Way Delta 87 one two and three bedroom homes by Polygon Pilothouse Ltd

2019-08-31

Pilothouse designed with downsizers in mind Barbara Gunn The Vancouver Sun Pilothouse at Hampton Cove Address: 5535 Admiral Way, Delta Developer: Polygon Pilothouse Ltd. Architect: Rositch Hemphill Architects I nterior design: Polygon Inter…

Immigration patterns create crises throughout Ontario

2019-08-30

Disproportionate population distribution is causing economic and fiscal crises Neil Sharma Canadian Real Estate Wealth Disproportionate population distribution is causing economic and fiscal crises throughout Ontario, including in the Great…

Price growth in Vancouver's condo sector relaxes slightly

2019-08-30

Downward movement in condo prices hopeful for buyers Ephraim Vecina REP The recent downward movement in Vancouver’s condo prices was enough to give a slightly higher proportion of hopeful buyers access to the property type, according …

Certification offers brokers territorial exclusivity

2019-08-30

Smith Manoeuvre an exclusive network for consumers Neil Sharma Mortgage Broker News A new certification for financial professionals that comes with territorial rights is being touted as a way to help mortgage brokers boost their bottom line…