Real Estate News & Articles

Condo Smarts: Collective purchasing a perk to strata living

2019-08-29

Collective purchasing a perk to strata living Tony Gioventu The Province Dear Tony: We live in a townhouse complex in Langley. There are 38 units in our development and we are oriented in duplexes, so 19 buildings. Each of our units was con…

Condo prices rise in 3 of largest housing markets

2019-08-29

Vancouver condo prices dropped Geraldine Grones Canadian Real Estate Wealth Condo prices rose in three of the five largest Canadian housing markets on a year-over-year basis, according to a Royal LePage report released on Wednesday. The med…

The Top 6 Things That Will Impact Fall Real Estate in Canada

2019-08-29

2019's fall home buying trends are looking pretty surprising. Kara Kuryllowicz REW Back to school and off to work! The post-labour day time usually coincides with supply shopping  and settling in after relaxing summer vibes - but it al…

Strata units dominating Metro Vancouver's industrial development

2019-08-28

Strata deals account for more than half of transactions in ultra-tight industrial sector Frank O'Brien Western Investor The 185,000-square-foot IntraUrban Crossroads project, Surrey?s second-largest industrial strata space, is now being dev…

Developer Beedie taking City of Vancouver to court over rejected Chinatown project

2019-08-28

B.C. Supreme Court petition claims "gross procedural unfairness" to developer over fiercely opposed housing development Darryl Greer Western Investor A Vancouver developer is taking the City of Vancouver to court over a controversial propos…

First-time homebuyers can apply for incentive program in 5 days

2019-08-28

The Federal government?s incentive scheme for first-time homebuyers Steve Randall REP The Federal government’s incentive scheme for first-time homebuyers is about to go live with applications open from next Monday. The First-Home Buye…

New report reveals Canada's most affordable markets

2019-08-28

A Royal LePage report reveals Montreal and Ottawa most attractive real estate markets Neil Sharma Mortgage Broker News A Royal LePage report on Canadian condo prices by the square foot reveals Montreal and Ottawa remain among the country&rs…

Remember vendor take-back mortgages?

2019-08-28

Vendor take-back mortgages were fairly popular in Canada 25 to 30 years ago Neil Sharma Canadian Real Estate Wealth Vendor take-back mortgages were fairly popular in Canada 25 to 30 years ago when interest rates were stratospheric compared …

Price mania in Vancouver is showing no signs of stopping

2019-08-28

Vancouver rental price going through the roof Ephraim Vecina Canadian Real Estate Wealth Vancouver’s home price madness does not appear to be cooling down any time soon, with one of the most outrageous recent examples being a $2,850/m…

DocMagic partners with INTEGRA for integrated e-signature services

2019-08-27

E-signature service available on DocMagic Candyd Mendoza other DocMagic and INTEGRA Software Systems have announced a partnership that allows INTEGRA's clients to e-sign documents with DocMagic's loan document-preparation service. With the …

Where Can the First-Time Home Buyer Incentive Be Used in Canada?

2019-08-27

Canadian Housing Markets That Will Most Benefit From the First-Time home Buyer Incentive Penelope Graham other Good news for those looking to break into the Canadian housing market: the new federal First-Time Home Buyer Incentive (FTHBI) wi…

The Vancouver price madness has infected both purchases and rentals

2019-08-27

Vancouver rental prices out of this world Ephraim Vecina Mortgage Broker News A since-removed Craigslist ad for a “low-income” rental home in the City of Vancouver would have been available only for tenants who are earning more …

Sterling Wong: Online tech fuels Search Realty growth

2019-08-26

Emerging trail-blazing brokerage Search Realty, an industry technology pioneer Susan Doran REM “If drama sells, I’ve got lots,” says Sterling Wong, founder of emerging trail-blazing brokerage Search Realty, an industry tec…

Tackling cash-flow challenges in real estate development

2019-08-26

The cash-flow specialists at Canadian Western Bank explain how developers can bank smart to minimize risk Western Investor Real estate development companies face a variety of cash-flow issues, from borrowing capital, to paying suppliers and…

MODE at 3438 Sawmill Crescent 257 homes in a 25 storey tower between Kerr Street and Boundary Road by Wesgroup

2019-08-24

River District project has every amenity for work and play Kathleen Freimond The Vancouver Sun There’s a reason Wesgroup Properties’ new residential tower in Vancouver’s River District is called MODE—the 25-storey bu…

The Commonage at Predator Ridge 100 Mashie Crescent Vernon 58 semi-detached homes by Wesbuild Holdings Ltd

2019-08-24

New phase at The Commonage expands Predator Ridge Michael Bernard The Vancouver Sun While segments of the Metro Vancouver real estate market experience a general slowdown in listings and prices, the maturing neighbourhood of Predator Ridge …

Canadian house prices will pick up in 2020 say economists

2019-08-23

Home prices are set to be flat for the rest of this year Steve Randall Canadian Real Estate Wealth Home prices are set to be flat for the rest of this year before picking up in 2020. A panel of economists and analysts convened by Reuters sa…

One MLS system to serve 22 boards and Associations in Ontario - merger to happen in 2020

2019-08-23

One MLS system to serve 22 boards Sohini Bhattacharya REM “We talk about disruptors in the industry, but if you’ve been around in the industry long enough, you realize that the greatest disruptors are our members themselves,&rdq…

Canadian Retail Sales - August 23, 2019

2019-08-23

Canadian retail sales were unchanged in June BCREA Canadian retail sales were unchanged in June, as stronger sales across most sub-sectors were offset by lower sales at motor vehicle and parts dealers and gasoline stations. Retail sale…

Vacancy taxes prompt sale of luxury condos in Downtown Vancouver

2019-08-23

Costs pushing some owners to sell off luxury dwellings in downtown Vancouver John Mackie The Province If you’re in the market for a luxury condo in Downtown Vancouver, you’ve got a lot of choice. There are 15 condos for sale at …

Unrest in Hong Kong fuels speculation of spike in 're-return migration' to Canada

2019-08-22

Chaos, unrest making return more enticing Douglas Quan The Vancouver Sun As riot police clashed with protesters in Hong Kong in recent days, it focused attention on the estimated 300,000 Canadian passport holders — most of them Hong K…

Condo Smarts: Plan ahead to avoid special levies

2019-08-22

Plan ahead to avoid special levies Tony Gioventu The Province Dear Tony: We sold our condo in Burnaby in February. At the time of the sale, we were instructed to pay for a special levy that was due over the next three years as a special lev…

Mortgage originations declined in second quarter says TransUnion

2019-08-22

Fewer mortgages applied for in Q2 Steve Randall REP There was a continued decline in mortgage originations in the second quarter of 2019. Originations fell 8.9% year-over-year with younger Canadians (18-25 years) showing a 13.4% drop accord…

The Tech Stock Boom Has Arrived in Canada?s Market (Finally)

2019-08-22

Tech-stock boom has well and truly arrived in Canada's market Divya Balji Bloomberg It makes up almost 6% of Canada’s stock market and is the best-performing sector this year. That’s right: technology stocks have climbed a massi…