Real Estate News & Articles

2018-08-16

CREA says Toronto less affected by stress test Steve Randall Canadian Real Estate Wealth National home sales improved in July with a 1.9% rise in sales compared to the previous month. CREA says that although sales have been trending higher …

2018-08-16

Ask questions about new fee schedules Tony Gioventu The Province Dear Tony: Our property manager has recently sent to all its clients an addendum that they wanted signed. I believe this is of concern to all strata councils as it can cause a…

2018-08-16

North Vancouver condos designed to provide occupants with a sense of peace and privacy Mary Frances Hill The Vancouver Sun Park West at Lions Gate Where:  Capilano Road and Marine Drive, North Vancouver What:  258 one-, two- and t…

2018-08-15

Mortgage with new lenders down in Vancouver Steve Randall REP There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. The corporation says that it looked at new mort…

2018-08-15

Global index rates Canada as third most overvalued country for home prices Joannah Connolly Western Investor Metro Vancouver real estate is valued at 65 per cent higher than it should be, based on local incomes, according to a new global ho…

2018-08-15

Reconfigured development partnership hopes to begin construction of waterfront park by late summer 2019 Jennifer Thuncher Western Investor To the naked eye, not a lot has happened down at the Squamish oceanfront lands since it was bought ba…

2018-08-15

New Zealand government has imposed a ban on non-resident buyers Joannah Connolly Western Investor New Zealand’s Prime Minister, Jacinda Ardern , is fulfilling her early promise to tackle the country’s soaring property prices. Ar…

2018-08-14

Stress Test limiting first time buyers Steve Randall Canadian Real Estate Wealth Home sales in British Columbia were down 23.9% in July compared to a year earlier. Data from the British Columbia Real Estate Association shows that there were…

2018-08-13

Digital services that create true efficiency REP When The Canadian Real Estate Association (CREA) was designing the latest update to its CREA WEBForms®, it had one fundamental aim: to make life easier for its 120,000 members. CREA WEBFo…

2018-08-13

Boomers looking at buying homes Ephraim Vecina REP The newly released Royal LePage Boomer Trends Survey reported that approximately 1.4 million Canadian baby boomers (those born between 1946 and 1964) have indicated a desire to purchase a h…

2018-08-13

Latest report suggests boomers flooding the market Neil Sharma REP A new report from Royal LePage suggests the real estate market is going to get crowded in about five years’ time. According to the The Royal LePage Boomer Trends Surve…

2018-08-13

MLS sales across BC fall BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per c…

2018-08-13

Housing demand from new Canadians could have an impact on purchases Steve Randall Canadian Real Estate Wealth Last year, a record 380,000 people moved to Canada, outpacing the federal government’s immigration target of 300,000 per yea…

2018-08-13

Cannabis grown in residential homes could cause problems BCREA On October 17, non-medicinal cannabis will be legalized. In addition to establishing regulated distribution networks, the federal legislation allows individuals to legally culti…

2018-08-13

Home sales lull means ?more choice for consumers? ? but only one board registers an annual price drop Joannah Connolly Western Investor Whether it was the intended consequence or not, Canada’s tough new mortgage qualification rules ha…

2018-08-11

Marigold: Saanich Peninsula location 'an opportunity to do something really special' Michael Bernard The Vancouver Sun Marigold, Saanich, B.C. Project Address: 7874 Lochside Dr., Saanich, B.C. Project Scope: A total of 55 residences, 38 con…

2018-08-11

At Coquitlam?s Dwell24, it?s all in the details Simon Briault The Vancouver Sun Dwell24 Project location: 2565 Runnel Drive, Coquitlam Project size: 24 townhomes with either three or four bedrooms ranging in size from 1,323 to 1,638 square …

2018-08-10

Housing starts eased in July Steve Randall Canadian Real Estate Wealth Housing starts eased in July as the multi-family sector pulled back from near-record highs in the previous month. CMHC data reveals a trend of 219,988 starts in July, do…

2018-08-09

In the coming years 1.4 million boomers are expected to sell and buy real estate between now and 2023 Steve Randall REP Baby boomers are set to play a key role in Canada’s housing market as they plan to buy but consider their current …

2018-08-09

Construction starts dip Canadian Real Estate Wealth Canada Mortgage and Housing Corp. says there was a slowdown in housing construction starts in July, following a near-record high in the previous month. The federal Crown corporation says t…

2018-08-09

Property manager is overstepping boundaries ? it's time for strata council to take control and require all decisions at council meetings are conducted by majority vote Tony Gioventu The Province Dear Tony: We have a situation in our strata …

2018-08-09

At Luxia at Yorkson, high-quality finishes elevate decor Mary Frances Hill The Province Luxia at Yorkson What:  138 three-bedroom townhouses Where:  7947 209th Street, Langley Developer and builder: Isle of Mann and Pollyco Group …

2018-08-08

Vancouver?s industrial & logistics leasing rates increased 29.1% this year Steve Randall REP Owners of industrial real estate in Vancouver are enjoying a surging market right now and the sector has posted the largest rent rises in the w…

2018-08-08

Delinquency rate in Vancouver near historical low as Ottawa tightens mortgage access Frank O'Brien Western Investor The federal government’s mortgage stress test was expanded in January in a bid to protect homeowners from becoming ove…