Rural retreats beckon buyers as B.C. opens up Frank O’BrienWestern Investor Nearly 10 acres of island waterfront for less than $750,000; luxury lakefront residences at Whistler and Tofino on the spectacular west coast of Vancouver Island and Sunshine Coast; and Cariboo lakefront resorts are among the exclusive listings that Western Investor will feature in our […]
Development sites still bought in the time of Covid Frank O’BrienWestern Investor The value of residential development land in the Lower Mainland is increasing much faster than the price of the strata homes the land is being bought for, recent sales suggest. The appetite for development sites has remained strong despite a pandemic that has […]
CRA’s tax audit of U.S. real estate transactions David RotfleischREM On June 25, Canada Revenue Agency (CRA) announced that it would carry out a tax review of six years of U.S. real estate transactions in order to find any tax non-compliance from Canadian taxpayers. CRA is looking for “real estate and property data in bulk […]
RE/MAX: COVID-19 can?t slow demand in Toronto real estate market Ephraim VecinaMortgage Broker News COVID-19 has not significantly deterred buyers in Toronto due to the market-friendly monetary and fiscal conditions driven by the federal government and the Bank of Canada, according to a RE/MAX analysis. While employment levels have fluctuated and businesses have placed themselves […]
REW.ca shakes up the real estate market by adding rental properties?to B.C.?s most-used home platform Vancouver is Awesomeother
(Some) B.C. tenants can now be evicted WI StaffWestern Investor The B.C. government has partially lifted a ban on residential rental evictions but is maintaining the moratorium on rent increases and evictions for non-payment of rent. B.C. has also extended a rental relief program that provides $300 to $500 per month in rental supplements, paid […]
OneHome streamlines communication between agents and home buyers Natalie Gagliordi other CoreLogic, a provider of data and analytics for the real estate and mortgage industries, is unveiling a new AI-based platform called OneHome that aims to improve the home-buying process for agents and consumers. CoreLogic said that OneHome streamlines communication between agents and home buyers […]
Home prices up, sales down across Northern B.C. WI StaffWestern Investor Housing sales across northern B.C. were down 30 per cent through the first half of this year compared to 2019 – at one point hitting a 32-year-low – but the average price still increased 2 per cent to $329,364. In all, 1,786 properties sold […]
Refundable deposit program created for cash-strapped commercial developers, investors Ephraim VecinaMortgage Broker News COVID-19’s impact on commercial real estate in Canada is still one of the pandemic’s greatest unknowns. Non-eviction orders and government stimulus can’t last forever. When both expire, there could be some serious disruption coming to the commercial space, including a rash of […]
REITs could roar off the floor Michael McNabbWestern Investor Canada’s real estate investment trust (REIT) market was not spared in the March sell-off as investors rushed to hit the sell button while the world’s economies shut down to fight the spread of COVID-19. The benchmark Canadian REIT index (S&P/ TSX Capped REIT Index) tumbled over […]
