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  1. Double whammy hits condo market investors

    Jordan MaxwellOther Strong condo numbers released by Colliers International recently show that investors will soon be in for major profits as prices rise but the outlook isn’t all good, says one industry vet. “I do think we have a major problem brewing with the current low interest policy,” said Kenny Wong, real estate broker with […]

  2. Housing starts point upward as low fuel prices stimulate growth

    Jordan MaxwellOther Ontario, Quebec and many parts of the Atlantic region continue to offset the effects of low oil prices in Canada as housing starts registered an increase from April to May. “The small increase in the trend was primarily driven by higher multiple starts in Ontario, the Atlantic region, and Québec. Despite month-to-month variation […]

  3. BC Housing Demand Forecast to be Strongest Since 2007

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  4. Will more taxes solve housing affordability challenges? History says no and so do we.

    Other The rising cost of homes in our region is well-documented. Metro Vancouver home prices have increased nearly 80 per cent since 2005. Detached home prices have increased over 100 per cent. We worry about how our children can afford a home and how the most vulnerable among us can find basic shelter. These concerns […]

  5. Hotel Vancouver (556 rooms) sold for $180M to West Vancouver Larco hospitality

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  6. Low Loonie and Interest Rates Driving Recreational Real Estate Sales: Royal LePage

    Cabin market “alive and well” in BC and across Canada, but some eastern BC areas affected by low energy prices, says annual recreational property report Joannah Connolly Other The low loonie and historic low interest rates have contributed to a surge in recreational real estate activity this spring, after a slow start to the year, […]

  7. Vancouver mayor urges premier to act on flipping

    Jamie HenryOther Property speculators are in the spotlight in Vancouver where the city’s mayor Gregor Robertson wants action to curb the practice of flipping. He also wants a new provincial tax on luxury homes and powers to tackle the issue of unoccupied homes. Referring to the city’s “worst ever housing crisis,” Mayor Robertson wrote in […]

  8. Ottawa resales strong in May

    Jamie HenryOther Sales of existing homes in the Ottawa market increased by 7.7 per cent in May compared to a year earlier. Data from the Ottawa Real Estate Board show that there were 1,926 residential properties sold in the month, beating the month’s five-year average of 1,812. Properties were on the market for an average […]

  9. Boom! Vancouver’s house prices hit new record

    Jamie HenryOther The average price of a detached single-family house in metro Vancouver has reached a new milestone: $1.1 million. The Real Estate Board of Greater Vancouver data shows sales of detached houses in May reached 1,723, an increase of 18.6 per cent from a year earlier. Apartment sales were up 24.4 per cent from […]

  10. Vancouverites Increasingly Turning to Real Estate Investment: BlueShore Financial

    More than 40 per cent of locals have invested or plan to invest in rental property to support retirement income, according to survey Joannah Connolly Other As real estate values continue to rise in Metro Vancouver, more Vancouverites are considering investment rental property as part of their retirement planning, according to a new survey by […]