Real Estate News & Articles

2018-10-18

Condo Smarts: New finishes at odds with building appearance Tony Gioventu The Province Dear Tony: In October 2017, our strata corporation held a SGM and approved a special levy of over $1.2 million to replace the membrane over our parking g…

2018-10-18

Winona Cambie Street development from Raichu group offers spacious living spaces near park land Michael Bernard The Province Winona on Cambie What: 38 studio, one-, two- and three-bedroom homes in a six-storey concrete building Where: …

2018-10-18

50,000 listings on Zillow's mobile app Ephraim Vecina REP U.S.-based online real estate marketplace Zillow announced earlier this week that it has finally made available thousands of Canadian for-sale listings on its mobile app and website.…

2018-10-18

BC government speculation tax hurting investments Neil Sharma Canadian Real Estate Wealth The British Columbia government introduced a speculation and vacancy tax this week, sparking fears that it will stymie investment in the province. The…

2018-10-17

Vancouver sales experienced a 1.5% drop along with a 1.2% decrease in prices. Ephraim Vecina Mortgage Broker News For the first time in nearly half a year, home sales activity across Canada declined, in large part due to the weaker performa…

2018-10-17

flippers accounted for only a minor fraction of residential sales Ephraim Vecina REP Government measures aimed at curbing housing speculation will fail to improve affordability in Vancouver and Toronto, according to a new Bloomberg analysis…

2018-10-17

The speculation and vacancy tax will have an initial rate of 0.5% Steve Randall Canadian Real Estate Wealth Property speculators and empty homes are the target of new legislation in British Columbia. The speculation and vacancy tax proposed…

2018-10-16

Ahead of legalization, most property owners believe cannabis use will decrease the value of their residential assets Tanya Commisso Western Investor The majority of landlords polled in a new survey have responded negatively to cannabis…

2018-10-16

Province targets speculators and vacant homes, supports housing affordability BCREA The British Columbia Real Estate Association welcomes the Government of British Columbia’s inclusion of exemptions from the speculation and vacancy ta…

2018-10-16

Quicken Loans to open a new office in Canada Steve Randall Canadian Real Estate Wealth Quicken Loans, the largest home mortgage lender in the US, is to open a new office in Canada. The firm including its ‘Family of Companies’ is…

2018-10-16

The legislation did not contain an opt-out clause requested by municipal governments, many of which are warning the tax will have the reverse effect and actually discourage development of new housing. Rob Shaw The Vancouver Sun Finance Mini…

2018-10-16

Tax ranges from 0.5% on secondary homes left vacant by B.C. residents, to 2% on foreign-owned properties other B.C.'s finance minister has introduced legislation to move ahead with a controversial speculation tax on vacant or underutilized …

2018-10-16

The newly titled "speculation and vacancy tax" will apply to owners of second homes in applicable areas of B.C., as of December 31 Joannah Connolly Western Investor The newly named “speculation and vacancy tax” will apply to tho…

2018-10-15

The steady expansion of major tech companies main driver for commercial real estate Ephraim Vecina REP The steady expansion of major tech companies like Amazon and WeWork into Vancouver is a main driver of demand for the city’s commer…

2018-10-15

Advances will help industry achieve greater efficiencies, mitigate risks Murtaza Haider and Stephen Moranis The Vancouver Sun Innovations in computing and information technologies are transforming businesses at an unprecedented pace. The re…

2018-10-13

Beaufort Landing the latest addition to Polygon?s ?seaside-inspired? Hampton Cove in Ladner Barbara Gunn The Vancouver Sun Beaufort Landing Project address: 5551 Admiral Way, Ladner Developer: Polygon Beaufort Landing Ltd. Architect: Ekisti…

2018-10-12

Metro Vancouver for sale properties growing Ephraim Vecina Mortgage Broker News Metro Vancouver’s supply of residential properties for sale continued to inflate amid sustained noticeable weakness in demand, according to a new analysis…

2018-10-12

Kelowna first in BC to open legal store Ephraim Vecina Canadian Real Estate Wealth In a new report, RE/MAX Commercial deemed Edmonton in Alberta and Kelowna in B.C. as the up-and-coming hot spots for the cannabis market, with both cities pr…

2018-10-11

BC Home Sales Continue at Slower Pace in September BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the prov…

2018-10-11

Undisclosed fees a growing problem Tony Gioventu The Province Dear Tony: I am a commercial broker concerned about a problem occurring for strata owners considering a windup and liquidation of their corporation. Our office was recently appro…

2018-10-11

Cedar Creek to take its place in an established, longtime Burnaby neighbourhood Kathleen Freimond The Province Cedar Creek What: 3, 6-storey buildings (first phase: 128 units) Where: 7133 14th Avenue, Burnaby Residence size and prices: one-…

2018-10-10

Revolutionizing the payments process for landlords and tenants Canadian Real Estate Wealth Ensuring that rent is received on time each month can seem like a never ending pain point for real estate investors. Not all tenants are perfect, and…

2018-10-10

BCREA ECONOMICS NOW BCREA The total value of Canadian building permits rose 0.4 on a monthly basis in August to $8.1 billion on broad strength in the non-residential sector. Residential building permits declined for a third consecutive mont…

2018-10-10

Homebuilders began fewer projects this year Steve Randall Mortgage Broker News Canada’s homebuilders began fewer projects in the six months to September according to new data. CMHC’s 6-month moving measure of the seasonally-adju…