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  1. Stand by for a boomers homebuying boom

    In the coming years 1.4 million boomers are expected to sell and buy real estate between now and 2023 Steve RandallREP Baby boomers are set to play a key role in Canada’s housing market as they plan to buy but consider their current markets unaffordable. Royal le Page says that 1.4 million boomers plan to […]

  2. CMHC says slowdown in housing starts in July

    Construction starts dip Canadian Real Estate Wealth Canada Mortgage and Housing Corp. says there was a slowdown in housing construction starts in July, following a near-record high in the previous month. The federal Crown corporation says the seasonally adjusted rate of housing starts dropped to 206,314 units in July, from 346,200 in June. Urban multiple-unit […]

  3. Majority rules when making council decisions

    Property manager is overstepping boundaries ? it’s time for strata council to take control and require all decisions at council meetings are conducted by majority vote Tony Gioventu The Province Dear Tony: We have a situation in our strata that needs clarification. Our property manager always chairs our meetings and refuses to allow owners to […]

  4. Luxia at Yorkson 138 three bedroom townhouses at 7947 209th Street Langley by Isle of Mann and Pollyco Group

    At Luxia at Yorkson, high-quality finishes elevate decor Mary Frances Hill The Province Luxia at Yorkson What: 138 three-bedroom townhouses Where: 7947 209th Street, Langley Developer and builder: Isle of Mann and Pollyco Group Residence sizes and prices: Three-bedrooms from 1,443 to 1,897 sq. ft. from $639,900 Sales centre: 180 — 20780 Willoughby Town Centre Drive, Langley Sales centre hours: noon […]

  5. World’s largest rent rises for Vancouver industrial

    Vancouver?s industrial & logistics leasing rates increased 29.1% this year Steve RandallREP Owners of industrial real estate in Vancouver are enjoying a surging market right now and the sector has posted the largest rent rises in the world! A report from real estate firm CBRE shows that Vancouver’s industrial & logistics leasing rates increased 29.1% […]

  6. Vancouver mortgage defaults plunge as home prices increase

    Delinquency rate in Vancouver near historical low as Ottawa tightens mortgage access Frank O’BrienWestern Investor The federal government’s mortgage stress test was expanded in January in a bid to protect homeowners from becoming overextended, particularly in Vancouver, which has the highest average home prices in Canada. Yet the latest data on mortgage defaults shows that […]

  7. Non-Resident Buyers and Sellers of Real Estate

    There are certain legal and accounting issues that arise when a non resident of Canada acquires or sells property in Canada The Spagnuolo Groupother Non-Resident Sellers The Income Tax Act of Canada provides that whenever a non-resident disposes of property, the non-resident is required to pay the appropriate amount of taxes on any gain.  In […]

  8. Toronto, Vancouver headed in different directions

    Toronto sales stabilizing while Vancouver tumbles Canadian Real Estate Wealth Home sales in the Greater Toronto Area climbed significantly in July in a divergence from the latest numbers in Vancouver. Residential home sales were up 18.6 per cent in the GTA for the month compared with last July, the Toronto Real Estate Board said Friday. […]

  9. Zillow enters the US mortgage market

    Zillow acquires Mortgage Lenders of America Steve RandallREP Zillow’s expansion across the residential real estate market has taken another turn as it plans to enter the mortgage industry. The group has announced that it will acquire Mortgage Lenders of America, a US national lender, which will enable it to provide home financing options for customers […]

  10. SoHo 191 South Hollywood Road Kelowna 88 condos in a 5 storey building by Aristar

    SoHo complex located in southeast Kelowna, about a 10-minute drive from the city centre Michael BernardThe Vancouver Sun Project Address: 191 South Hollywood Rd. Kelowna Project Scope: Eighty-eight condo homes ranging from studios through three-bedroom units in 30 different floor plans in a five-storey wood frame building. Square footages range from 424 sq.ft. to 1,218 […]