Real Estate News & Articles

2020-04-23

Is It Different This Time? Recessions and the BC Housing Market BCREA Summary Findings: The 2020 COVID-19 driven recession will be deep, though the duration may be shorter than past recessions.   We expect that home sales will post an …

2020-04-23

Crucial checklist for your annual or special meeting Tony Gioventu The Province To lawfully facilitate and conduct a general meeting by an electronic method — which requires every eligible voter to be able to communicate with each oth…

2020-04-23

Condos at The Marq offer rare freehold opportunity right next to UBC Simon Briault The Province There are some generally accepted definitions of desirability when it comes to multi-family residential developments — the walkability of …

2020-04-23

Here's How Much Prices and Sales Changed in Each Municipality other It’s evident that COVID-19 is having a far-reaching impact on the Canadian economy and healthcare system. Although the Greater Toronto Area (GTA) real estate market w…

2020-04-23

Home sales across Greater Vancouver were down 34 percent by April Sean MacKay Livabl Home sales across Greater Vancouver were down 34 percent by April’s halfway point, the first full month to be impacted by the COVID-19 pandemic. Ther…

2020-04-22

US housing values remain well supported Candyd Mendoza other Even though coronavirus has started to weaken some US markets, other housing markets show no signs of slowing down in home-price growth. Home prices across the country continued t…

2020-04-22

Investment in commercial real estate a good choice Ephraim Vecina Mortgage Broker News Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investmen…

2020-04-22

Sellers losing significant value in their homes Ephraim Vecina Mortgage Broker News Sellers losing significant value in their homes will be a prominent feature of the market over the next few months, said Stephen Brown, Capital Economics se…

2020-04-22

After the pandemic households will have more debt Ephraim Vecina Mortgage Broker News The risks to Canadian finances will remain pronounced even during the recovery phase once the coronavirus crisis passes, according to Deloitte Chief Econo…

2020-04-22

Consumer Price Index (CPI) rose by 0.9 per cent in March BCREA Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.9 per cent in March year-over-year, down from a 2.2 per cent increase in February. This marked the la…

2020-04-21

BCREA Seasonally-adjusted Canadian retail sales were up by 0.3% in February at $52 billion The rise in February was driven by auto dealers and general merchandise stores. Sales were up in 6 of 11 sub-sectors, representing 63% of retail sale…

2020-04-21

Upcoming 2020-21 recession should be uncomfortable but hardly unbearable Clayton Jarvis Mortgage Broker News In its most recent Market Intelligence report, released yesterday, the British Columbia Real Estate Association shared its prelimin…

2020-04-21

Office space almost at 100% vacancy Ephraim Vecina Mortgage Broker News Calgary’s office sector has a long road of recovery ahead of it, with perennial vacancy and COVID-19’s economic damage placing the market’s short- and…

2020-04-21

All of B.C. will be hit but quick recovery seen, says BC Real Estate Association Carla Wilson Western Investor B.C.’s housing market will take an initial a sharp dive due to the coronavirus-driven recession, but it is expected to reco…

2020-04-21

Nearly 60 per cent of small businesses say they can't pay commercial rent due to COVID-19 Frank O'Brien Western Investor In what Laura Jones is calling a “nightmare on Main Street” nearly 60 per cent Canadian small businesses sa…

2020-04-21

Fitness World and sports club has laid off nearly entire staff Hayley Woodin Western Investor The company behind Steve Nash Fitness World and Sports Clubs (SNFW), which owes more than $35 million to creditors, has put the business up for sa…

2020-04-20

BCREA Market Intelligence Report BCREA Summary Findings: The 2020 COVID-19 driven recession willbe deep, though the duration may be shorter than past recessions We expect that home sales will post an initial sharp decline as households and …

2020-04-20

601-unit MF share deal was completed between existing owners in 2019 Western Investor The landmark Beach Avenue four-building portfolio in Vancouver’s English Bay has been transferred between existing owners of an investment trust in …

2020-04-20

Oil prices and COVID-19 hitting Albertans hard Ephraim Vecina Mortgage Broker News Alberta continues to reel from the one-two punch of the oil shock and COVID-19, with Calgary and Edmonton posting downward trends in their home prices. Sales…

2020-04-20

Sellers in this kind of turbulent environment have decided to wait it out Ephraim Vecina Mortgage Broker News The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canad…

2020-04-20

The current pandemic has created a lot of anxiety within the real estate community Marianne Brimmell BCREA The current pandemic has created a lot of anxiety within the real estate community - it's a stressful time for everyone. Buyers are u…

2020-04-19

Showings and open houses are not allowed but real estate agents are learning to adapt John Mackie The Province In early April, Rosemary Bartram and Scott Plumbe decided to put their house on the market, in the midst of the worst pandemic in…

2020-04-19

Should BC government use hotels and motels for homeless Lindsay Kline Western Investor Victoria Mayor Lisa Helps wants the B.C. government to use its emergency powers to requisition empty hotel and motel rooms for the homeless during the CO…

2020-04-18

Buyers should beware but for the moment they?re looking good Peter Hodson The Vancouver Sun Many years ago, in the last recession, I penned a column here that set up a ‘survival’ portfolio. It held shares in a water company, a m…