Real Estate News & Articles

2016-08-26

Steve Randall Mortgage Broker News CIBC is confident that its mortgage book is not a huge risk even in the two hottest markets. In a conference call following the release of its third quarter earnings, the lender’s chief risk officer …

2016-08-26

Vancouver might be cooling even prior to new tax Ephraim Vecina Canadian Real Estate Wealth Fresh MLS data compiled by Canadian real estate brokerage Zolo revealed that majority of Metro Vancouver’s real estate segment is currently ex…

2016-08-26

Stephanie Ip The Province A realtor has been suspended after it was found he had conducted more than a dozen sales referred by an unlicensed Chinese-language real estate website that offered Lower Mainland listings to foreign buyers. Xiao M…

2016-08-25

BC has progressive and effective legislation for strata corporations to collect and secure debts that are owing Tony Gioventu The Province Dear Tony: Our townhouse complex has been using a collection service to deal with unpaid strata fees,…

2016-08-25

FOCAL POINT: Each room has one piece that acts as a conversation starter for anyone who enters Mary Frances Hill The Province McKinnon by Cressey Where: 2102 W. 48th Avenue, Vancouver What: 40 homes in a four-storey concrete constructi…

2016-08-25

SUMMER SLUMP Sam Cooper The Vancouver Sun Home sales dropped in Metro Vancouver by up to 86 per cent after the introduction of the foreign investor tax on Aug. 2, according to official MLS data only available to realtors. The Multiple …

2016-08-25

Justin da Rosa REP Record starts and price moderation are on the horizon for Vancouver, according to the British Columbia Real Estate Association (BCREA). "The introduction of a 15% tax on foreign national home buyers in Metro Vancouver is …

2016-08-25

BCREA 20 1 6 Third Quarter Housing Forecast Update BCREA other Download Document

2016-08-25

Higher-end markets in Vancouver, Richmond see house prices reverse for first time in a more than a year Frank O'Brien Vancouver Courier Detached housing sales have plunged 84 per cent on Vancouver’s West Side and are down 88 per cent …

2016-08-25

Alban Wang paid $208,881 out of his commissions by 17 deals referred to him from Chinese real estate website Jason Proctor other A Richmond real estate agent has been suspended for a year for paying more than $200,000 for referrals on …

2016-08-25

Provincial association predicts record transactions and continued rising prices this year, as strong early sales and growth elsewhere offsets Vancouver losses Joannah Connolly REW Home sales across the province are forecast to climb 10.4 pe…

2016-08-24

Lenders have added more insurance on loan portfolios REP Royal Bank CEO David McKay says the lender is "closely monitoring'' the real estate markets in Vancouver and Toronto, where home prices have been climbing at a breakneck pace. "The sh…

2016-08-24

Ephraim Vecina REP Dozens of agents in Calgary are owed more than $1 million from their transactions prior to Discover Real Estate’s closure in July, highlighting a significant risk that Alberta agents face at present. Over 70 agents …

2016-08-24

Was the foreign buyer?s tax necessary? Justin da Rosa Canadian Real Estate Wealth There is some evidence Vancouver’s housing market has already begun to cool and, with its recently implemented foreign buyer’s tax to boot, a rise…

2016-08-23

Steve Randall REP Three weeks after the 15 per cent tax on foreign home buyers was introduced in Vancouver, Fitch Ratings says it leaves the housing market vulnerable to rising unemployment. The report says that beyond cooling the market, d…

2016-08-23

Canadian Real Estate Wealth VANCOUVER - The Fraser Institute calculates that the average Canadian family paid $34,154 in taxes of all sort last year, including "hidden'' business taxes that are passed along in the price of goods and service…

2016-08-20

Gellatly Place balances rural living with all the amenities MICHAEL BERNARD The Vancouver Sun Project: Gellatly Place Project size: A three-phased project with a total of 111 two- and three-bedroom condominiums in three buildings. In B…

2016-08-20

Squamish development Ravenswood offers an idyllic mix of value and lifestyle SIMON BRIAULT The Vancouver Sun Ravenswood Project location: 39289 Falcon Crescent, Squamish       Project size: 117 three- and four-…

2016-08-20

Does Concord Pacific care about social housing the height of the building blocking views? TIFFANY CRAWFORD The Vancouver Sun Vancouver developer Concord Pacific is suing the City of Vancouver, arguing the city plans to build highrise condos…

2016-08-20

Squeezed middle class has a right to ask where government?s priorities lie Pete McMartin The Vancouver Sun In the circular world of the Downtown Eastside’s social welfare industry, where what goes around comes around again and again a…

2016-08-19

Unlicensed car dealers who pose as private sellers are a menace to buyers BLAIR QUALEY The Vancouver Sun In May, Arthur Tong was stripped of his salesperson license and banned from selling cars by the B.C. Vehicle Sales Authority after he w…

2016-08-19

Average price of home in Vancouver dropped 21.4 per cent in past month JOANNE LEE-YOUNG The Vancouver Sun Earlier this month, as surging Vancouver luxury home prices were making international headlines and local real estate boards reported …

2016-08-19

CRTC may feel pressure on plans EMILY JACKSON The Vancouver Sun T-Mobile, the third-largest wireless carrier in the United States, is abolishing data caps to offer consumers one plan with unlimited data, talk and text, a self-proclaimed &ld…

2016-08-18

RISKS: Take the right steps to ensure the security of residents is maintained Tony Gioventu The Province Dear Tony: We have an owner in our building who should never have been moved into a condo. There have been a number of fires in her sui…