Condo Smarts: Take steps to ensure accuracy of proxies Tony Gioventu The Province Dear Tony: I recently attended the annual general meeting of our strata corporation and was given two proxies from my neighbours. When I registered to vote for myself and the two owners, I was told by the property manager that my proxies […]
Hunter at Lynn Creek designed to reflect North Shore location Mary Frances Hill The Province Hunter at Lynn Creek, a project from Intergulf Development Group, comprises 326 homes in two towers of 27 and 16 storeys. The social room at Hunter at Lynn Creek is part of the project?s extensive amenity space. Open-concept living spaces […]
Home evaluations can be bought Tina PlettREM Real estate is this weird industry where people expect highly trained professionals to work for free (or less). It’s not just family and friends either, like you might experience in your job – it’s this broad expectation from all of society – bankers, lawyers, buyers, sellers – that […]
Speculation tax under fire from municipalities Steve RandallCanadian Real Estate Wealth An annual conference of municipalities in British Columbia has called for changes to the province’s real estate speculation tax. Union of B.C. Municipalities delegates are asking the provincial government for more control over how the tax is applied which could make its implementation optional […]
Interest-only mortgages provide lower monthly payments Neil SharmaCanadian Real Estate Wealth Investing in real estate can be tricky in a rising rate environment, but interest-only mortgages with term are helping stabilize cash flow. “It’s the most innovative product that has come through the mortgage market for the last seven years,” said Jacques du Preez, principal […]
Canadian residential real estate is the 3rd most overvalued worldwide Ephraim VecinaREP Canadian residential real estate is the 3rd most overvalued worldwide, according to a new global price analysis by The Economist. Trailing just behind New Zealand and Australia, Canada’s homes are estimated to be 56% more expensive than they should be. The study measured […]
BC real estate association forcasts 21 per cent decline Steve RandallCanadian Real Estate Wealth While some areas may be showing signs of recovery from the impact of the mortgage stress tests introduced at the start of this year, that is not the case in British Columbia. The province’s real estate association says that its forecast […]
The Canadian Real Estate Market by location Penelope Grahamother From a big picture perspective, it would seem the Canadian real estate market is poised for optimism; the latest crop of July data from the national real estate association points to strengthening sales activity and price growth, as buyers recuperate from the impact of stricter mortgage rules […]
BCREA sees a sharp decline in home sales Josh Sherman other The British Columbia Real Estate Association (BCREA) anticipates a sharp decline in home sales and relatively flat prices this year before the market begins recovering in 2019. In its 2018 Third Quarter Housing Forecast Update, BCREA predicts 82,000 homes will change hands in the […]
One-fifth of transactions wiped off the board; separate study finds nearly one-fifth of buyers pushed out of market by stress test Joannah ConnollyWestern Investor t may be no coincidence that one forecast issued August 20 is predicting a decline in B.C. home sales this year of around 20 per cent, while a separate study has […]