Real Estate News & Articles

2016-07-19

David LePoidevin of LePoidevin Group, a fund management company says that shorting some banks and mortgage lenders and not investing in the sector will show a slowing of home sales. The government doubts the impact of foreign buyers in the …

2016-07-19

For the first time, townhouse owners can more easily access the true value of their property Frank O'Brien REW This spring, an 88-year-old teardown house in Vancouver’s Point Grey sold for $9 million, more than one million dollars ove…

2016-07-18

Steve Randall REP The Canada Revenue Agency says that it is investigating real estate transactions in British Columbia to search out tax cheats. Reuters reports that the probe will particularly focus on foreign investors. The CRA said that …

2016-07-16

Thousands register for new 40-unit project SHAWN CONNER The Vancouver Sun Project name: Oak + Park Townhomes Project location: 7600 Oak Street Project size: 40 townhomes, 3-bed + den + flex Residence size: 1,280 — 1,600 square feet Pr…

2016-07-16

Metro Vancouver residents feel soul-crushing reality of sky-high rents CHERYL CHAN The Vancouver Sun Danny Delgiglio has come to terms with the fact he may never own a house in Vancouver, where he was born and raised. The 36-year-old c…

2016-07-16

Politically-connected RCI helps rich foreigners get Canadian residency PETER O?NEIL The Vancouver Sun OTTAWA — A B.C.-based company says it has brought $2 billion to Canada under the Quebec government’s cash-for-visa progra…

2016-07-15

Justin da Rosa REP Canadian home sales declined in June, according to CREA’s most recent stats. National home sales fell 0.9% month-over-month in June, according to the Canadian Real Estate Association. “June sales extended tren…

2016-07-15

Justin da Rosa Canadian Real Estate Wealth Although those two markets continue to perform well, a number of additional markets are also showing considerable strength. Several Canadian real estate markets showed increased strength in May, ac…

2016-07-15

Ephraim Vecina Canadian Real Estate Wealth In its latest study, Canadian real estate franchiser Royal LePage predicted a staggering increase in Vancouver and Toronto home prices as well as sounded the alarm on the dangers of speculation in …

2016-07-15

Ephraim Vecina Canadian Real Estate Wealth Citing the results of a recent house price survey, real estate franchising giant Royal LePage announced that the growth and performance of the Vancouver housing market outpaced the rest of Canada b…

2016-07-15

It represents gross negligence in this area, since questionable activity in this area has long been suspected. ? PETER O?NEIL AND GORD HOEKSTRA The Vancouver Sun A “bombshell” internal federal government document has triggered a…

2016-07-15

Prospective condo buyers left out as developers sell to friends, family first JOANNE LEE-YOUNG The Vancouver Sun Would-be condo buyers and their agents are frustrated that, in a sizzling hot market with scarce supply, some projects are bein…

2016-07-15

The only thing hotter than B.C. housing prices is the debate over them and what can be done. Jonathan Gelderman The Vancouver Sun The recent independent report on the state of the real estate industry’s self-regulation was largely goo…

2016-07-15

After doing little to stop tax cheats, government is about to beef up West Coast staff PETER O?NEIL AND GORD HOEKSTRA The Province A “bombshell” internal federal government document has triggered a new wave of accusations of ina…

2016-07-14

The Vancouver Sun Realtor Royal LePage says the national average home price climbed 9.2 per cent during the second quarter compared to a year ago — the largest year-over-year gain in five years. In its latest report, the realtor says …

2016-07-14

OWNER WON?T PAY: Without bylaws, strata has no authority to maintain or fix the lot Tony Gioventu The Province Dear Tony:  What happens when an owner refuses to repair water damages to their strata lot?  Last year an owner had a p…

2016-07-14

Young buyers attracted to old feel Mary Frances Hill The Province Prescott Commons Where: 3323 151st Street, Surrey What: 248 apartments – various one- and two-bedroom plans in a master-planned community with a total of 400 homes…

2016-07-14

Joanne Lee-Young The Province The Bank of Canada has held on to its overnight interest rate in part because it doesn’t want to inadvertently add fuel to the Vancouver housing market.  It’s “right up there in terms of …

2016-07-14

Erik Hertzberg REP May was the biggest month for Toronto new home prices in 27 years. Prices in Canada’s largest metropolitan area rose 1.9 percent in May, and were up 6.4 percent from a year earlier. Nationally, home prices rose 0.7 …

2016-07-14

BCREA other The British Columbia Real Estate Association (BCREA) reports that a record 12,906 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 14.3 per cent from the same month last year. Tota…

2016-07-14

Erik Hertzberg Canadian Real Estate Wealth May was the biggest month for Toronto new home prices in 27 years. Prices in Canada’s largest metropolitan area rose 1.9 percent in May, and were up 6.4 percent from a year earlier. Nationall…

2016-07-14

GARRY MARR The Vancouver Sun Most of the country’s housing markets heated up in June, according to new data that shows Toronto and Vancouver continue to heavily influence the national average, but aren’t alone in making gains. W…

2016-07-14

Securities Commission says director must pay $187,875 in penalties DAN FUMANO The Vancouver Sun A Metro Vancouver man who purported to operate a “rent-to-own” real estate company that helped people purchase homes actually c…

2016-07-14

Eight months after plans submitted, homeowner still waiting on permit JOHN MACKIE The Vancouver Sun Dean Murray is mired in reno hell. And he hasn’t even begun to do renovations. Murray bought a century-old character home at 2726 West…