Real Estate News & Articles

The Decrease in The Bank of Canada's Mortgage Stress Test is Great News

2019-08-22

When it comes to mortgages, a few percentage points can make a big difference Sam Kamra REW We invited the mortgage experts from mortgagecalculator.ca  to talk a little bit about the Bank of Canada's recent lowering of the mortgage str…

First-Time Home Buyer Incentive Launches in September

2019-08-22

First-Time Home Buyer Incentive Housing Affordability Matt Mayers BCREA In September, the federal government will launch the First-Time Home Buyer Incentive, an interest-free loan that doesn't require monthly payments. The incentive is inte…

House prices gain by smallest amount in almost 10 years

2019-08-21

Canadian home prices still sluggish Steve Randall Canadian Real Estate Wealth Canadian home prices have lagged inflation over the past year according to a leading index. The Teranet-National Bank Composite House Price Index gained just 0.44…

Zillow announces expansive Canadian network

2019-08-21

REMAX Condo Plus on Zillow platform Ephraim Vecina REP Real estate marketplace Zillow has announced that it has cemented agreements with over 250 Canadian brokerages and franchisors to display housing listings on its online platform and mob…

Commercial construction permits in BC surge

2019-08-21

Metro Vancouver commercial construction booming Neil Sharma Canadian Real Estate Wealth While residential market activity in Vancouver is markedly slower than in years past, the commercial sector is on fire. “There’s a significa…

Jas Takhar: Online marketing a "game changer"

2019-08-21

Whoever is producing content from an educational or entertainment perspective is either winning now Danny Kucharsky REM In any given week, Jas Takhar may be posting a video about a $14-million US penthouse condo at Hudson Yards in New York …

Office, industrial and retail sectors proving robust in Metro Vancouver

2019-08-20

Vacancy rates are tight and lease rates have risen across all three sectors, reports market intelligence firm CoStar Group Joannah Connolly Western Investor While Metro Vancouver’s residential sector struggles , its commercial real es…

Metro Vancouver sees 12th month without a residential price increase

2019-08-20

Metro Vancouver has gone a year without an increase in its house price index. Hayley Woodin Western Investor Metro Vancouver has gone a year without an increase in its house price index. The latest report from Teranet and National Bank show…

Woodfibre LNG poised to proceed with $1.6-billion project within weeks

2019-08-20

Woodfibre LNG on the cusp of a contract Geoffrey Morgan The Province In a few short weeks, Woodfibre LNG is poised to become the second liquefied natural gas export project to break ground on Canada’s West Coast even as other advanced…

Vancouver luxury market is weakest among global cities

2019-08-20

Vancouver luxury market ranks 46 in global research Steve Randall Canadian Real Estate Wealth A global ranking of luxury housing markets has highlighted the divergence of Canada’s two largest markets. Vancouver remains at the bottom o…

Kitec: What buyers and sellers need to know

2019-08-20

Problems with Kitec piping in homes Martin Rumack REM Kitec piping was sold and used between 1995 and 2007. It was used in new home construction and in renovations of some existing homes as a piping system for carrying water throughout the …

No luxury-housing market in the world is performing worse than Vancouver's

2019-08-20

Vancouver's got the world's weakest luxury-housing market Josh Sherman Livabl It’s not a repeat performance worth boasting about. Despite some signs of stabilization in the broader Vancouver housing market, the luxury segment is still…

Toronto mixed-use developments the world's envy

2019-08-19

Toronto's mixed-use developments booming Neil Sharma Mortgage Broker News Toronto is experiencing one of the world’ s largest building booms, but it’s the city’s mixed-use developments that have become the world’s en…

Be wary of Vancouver market rebound

2019-08-19

The Lower Mainland beginning to recover Neil Sharma Canadian Real Estate Wealth In the throes of a housing correction, British Columbia’s Lower Mainland might be witnessing the beginnings of recovery. According to an economic outlook …

iBuyers move into Canadian market

2019-08-19

Technology and innovative ways changing the real estate industry Mario Toneguzzi REM The real estate industry is facing plenty of disruption these days because of technology and innovative ways of doing business. The initiative getting the …

The Canadian 'ghost towns' where vacant homes are rising

2019-08-16

Vancouver had 25,000 vacant homes in 2016 Steve Randall Mortgage Broker News The share of Canadian homes that are unoccupied has been steadily rising according to a new report. Point2Homes says that in 2016, 8.7% of Canadian homes were vaca…

Canadian home sales gain as lower rates help offset stress test

2019-08-16

Canadian home sales up in July Steve Randall Mortgage Broker News There was a 3.5% rise in Canadian home sales in July compared to June and unadjusted activity was up 12.6% year-over-year. But despite gains – which took sales to aroun…

Argyle Burke Mountain 64 four-to-six bedroom single-familly homes at 1441 Argyle Street Coquitlam by Infinity properties

2019-08-15

Argyle Burke Mountain offers plenty of variety Kathleen Freimond The Province Prospective homebuyers have plenty of options at Argyle, a new-home development in Coquitlam’s Burke Mountain neighbourhood. Two construction companies &nda…

Rules on strata surplus funds designed to protect owners

2019-08-15

Rules on surplus funds designed to protect owners Tony Gioventu The Province Dear Tony: I sold my strata lot on June 3 and as a condition of the sale, the buyer agreed if there were any refunds from the $3.5 million special levy we paid in …

Canadian Real Estate Close to Sellers' Market in July: CREA

2019-08-15

July sales were up for the fifth consecutive month Penelope Graham other A jump in annual sales and a decline in new supply put the squeeze on national real estate in July, pushing conditions to the brink of a sellers’ market. Transac…

BC housing demand has improved says BCREA

2019-08-15

BC residential sales up in July Steve Randall Canadian Real Estate Wealth The British Columbia housing market showed improvement in July with residential sales up 12.4% year-over-year. The latest assessment of the market from the British Co…

Tech start-up raises $22m for aggressive Canadian expansion

2019-08-14

'Properly' buying and selling homes in Calgary Neil Sharma REP A new real estate start-up uses machine learning in lieu of sales agents and so far the results are promising. Properly, which is Toronto-based but only operates in Calgary for …

Biggest market risk is not a housing crash, contrary to popular belief

2019-08-14

Real estate speculation a big concern in today's market Ephraim Vecina Mortgage Broker News BMO chief economist Douglas Porter has warned that the greatest risk to the Canadian market considering current trends is not a housing crash, but a…

'CAVE people' disrupt Metro Vancouver multi-family rentals

2019-08-14

Landlords claim citizens against virtually everything are making it hard to build or repair rental apartments Frank O'Brien Business in Vancouver Submitted for rezoning in May 2018, this 35-unit rental project on Grant Street in Vancouver i…