Vancouver Real Estate December 1, 2018

Story image for vancouver real estate from Point2 Homes (blog)

Point2 Homes (blog)

Landlords the winners as Metro Vancouver housing sales slump

Business in VancouverNov. 26, 2018
With a near free-fall in Metro Vancouver, British Columbia housing sales will plunge 23 per cent this year, according to the BC Real Estate Association (BCREA), …

Story image for vancouver real estate from Better Dwelling

The Montreal Real Estate “Boom” Compared To Toronto and Vancouver

Better DwellingNov. 27, 2018
During the Great Recession, Montreal real estate peaked after Toronto and Vancouver began tapering. Despite this, Montreal has a long way to go to give …

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The richer the neighbourhood, the more homes are empty, Vancouver …

Straight.comNov. 30, 2018
The Vancouver neighbourhood with the highest percentage of empty homes also happens to be one of the city’s wealthiest and area with the city’s largest …

Story image for vancouver real estate from The Province

The Province

Vancouver’s Little Mountain: The money and the sad history behind a …

Vancouver SunNov. 24, 2018
Once a home to 224 low-income families, Vancouver’s 15-acre Little Mountain site ….. for major real estate developments that have obtained rezoning approval.

Story image for vancouver real estate from CTV News

Vancouver expects to collect $38M from vacancy tax in first year

CTV NewsNov. 29, 2018
VANCOUVER – The City of Vancouver says it has collected $21 million in the first full year of its empty homes tax and another $17 million could still flow into its …

Story image for vancouver real estate from Vancouver Courier

Renters demand Vancouver city council protect them from renovictions

Vancouver CourierNov. 27, 2018
The plight Vancouver renters face in finding and keeping affordable housing …. 24 in Vancouver alone, according to the Goodman real estate report – 1,500 in …

Story image for vancouver real estate from Globalnews.ca

Secret police study finds crime networks could have laundered over …

Globalnews.caNov. 26, 2018
The study of more than 1,200 luxury real estate purchases in B.C.’s Lower … the massive money laundering occurring in the Vancouver-area real estate market.

Strong Vancouver hotel market surpasses expectations

Business in VancouverNov. 28, 2018
Vancouver is a bright point among Western Canada’s hotel markets, one that … a director of BTY Group and a panellist at the recent Vancouver Real Estate …

Story image for vancouver real estate from Vancouver Sun

Douglas Todd: Wooing the ultrarich with ‘Golden Passports’ and flattery

Vancouver SunNov. 29, 2018
Stable, clean, welcoming Canada, and Metro Vancouver, are among the most … for an “investment” in government bonds, businesses or real estate in the value …

Metro Vancouver condo prices to plunge 26% by 2021: analysis

Business in VancouverNov. 28, 2018
Metro Vancouver’s average condo sale price will fall from its peak of $750K in 2018’s … by late 2021, according to a trend report from a local real estate analyst.

Story image for vancouver real estate from Better Dwelling

Greater Vancouver Pre-Sale Real Estate Sees An Unexpected Rise In …

Better DwellingNov. 28, 2018
Greater Vancouver real estate is seeing softer demand for pre-sale units. Numbers from MLA Canada, a Vancouver-based real estate advisory firm, show more …

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Bitter lawsuit between wealthy developers reveals delays, downsizing …

Vancouver SunDec. 1, 2018
It dragged some reputations through the mud and, at times, left Vancouver city … Vancouver-based Concord Pacific, one of the largest real estate developers in …

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Vancouver Real Estate Stays Subdued in October

Point2 Homes (blog)Nov. 29, 2018
The Vancouver real estate market hasn’t surged back to life the way that some people thought it might since cooling in the market began. This October marks a …

Police investigation links dirty cash to luxury real estate

Globalnews.caNov. 26, 2018
Criminal cash, by the bag load has been laundered through B.C. casinos. Now, the microscope is on the Metro Vancouver real estate market. In a Global News …

Vancouver weather: Batten down the hatches, heavy rain’s on the way

Vancouver SunNov. 25, 2018
VANCOUVER, B.C.: Nov. 25, 2018 – Sunday’s weather sees the continuation of a special weather statement forecasting heavy rains and wind. Better batten …

Kabam! Vancouver Centre II office tower gets first tenant

Real Estate News EXchangeNov. 29, 2018
An expanding Vancouver-based video game maker has been announced as the first … (HOOPP), GWL Real Estate Fund and the London Life Real Estate Fund.

Will it crash? Here’s what to expect from the Canadian housing market …

Globalnews.caNov. 24, 2018
The Canadian Real Estate Association (CREA) sees home sales rebounding a … In Vancouver, realtor Steve Saretsky sees a “full-blown buyer’s market” with …

One of the biggest money laundering probes in Canadian history has …

Financial PostNov. 29, 2018
Earlier this week, Global News reported that a secret police study into more than 1,200 luxury real estate purchases in the Vancouver area in 2016 found that …

Fentanyl kings in Canada allegedly linked to powerful Chinese gang …

Globalnews.caNov. 27, 2018
Jin, who also made massive real estate loans to these same gamblers, … Jin’s filings claim some of these cash loans were for Vancouver-area home …

Criminal charges stayed in major BC money-laundering investigation

Vancouver SunNov. 28, 2018
Money laundering and its effects on the B.C. economy — including in the real estate… In late August, at a Vancouver conference attended by law enforcement …

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Did Calgarians dodge a real estate bullet by rejecting the 2026 Winter …

The Globe and MailNov. 26, 2018
The suit was eventually dropped, however, and Vancouver’s real-estate boom, combined with strong work by Ernst & Young and Rennie Marketing Systems, …

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Decision on renoviction motion expected Dec. 4

Vancouver CourierNov. 29, 2018
Ishmam Bhuiyan, a UBC student and organizer with the Vancouver Tenants Union … McClure pointed to language in the Goodman real estate report, which …

Story image for vancouver real estate from Vancouver Courier

Snake yoga? It’s a thing and it’s coming to Vancouver (VIDEO)

Vancouver CourierNov. 30, 2018
“Because we live in Vancouver, you can’t invest in real estate so you invest in experiences. A lot of people are interested in doing things that are offbeat because …

Metro Vancouver vacancy remained tight in 2018 while rents soared

Vancouver SunNov. 28, 2018
It is the fifth consecutive year Metro Vancouver’s rental vacancy rate has been at or ….. Real estate analyst Ben Myers said the introduction of a stricter mortgage …

‘A lot of people think it’s just ugly:’ Vancouver developer faces key test …

The Globe and MailNov. 25, 2018
This building has become an unlikely flashpoint in an architectural preservation debate that has thrust a media-shy Vancouver real-estate developer, Onni …

Vancouver developer Onni wins fight against preservationists over LA …

The Globe and MailNov. 28, 2018
An unloved building in downtown Los Angeles likely faces the wrecking ball after Vancouver real estate developer Onni Group of Companies Ltd. secured a key …

Urban Development Institute: Tiny homes equal big potential

Vancouver SunNov. 30, 2018
The conference was organized by Small Housing BC and proudly funded by many sponsors, such as the Real Estate Foundation of BC and Greater Vancouver …

Dan Fumano: Vancouver council considers anti-‘renoviction’ motion

Vancouver SunNov. 27, 2018
And first, Vancouver city council is considering a motion this week intended to …. from some of the real estate companies and landlords with whom she works, …

Vancouver coping with the unintended consequences of the previous …

The Globe and MailNov. 29, 2018
Vancouver’s plan to rezone almost all single-family houses for duplexes … that flies in the face of the real estate development industry and speculators who want …

Archdiocesan real estate adviser earns prestigious award

The B.C. Catholic (press release)Nov. 29, 2018
A Catholic and longstanding member of the Archdiocese of Vancouver’s finance council has just received the most prestigious award in the world of real estate …

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Industrial land prices rise as supply dwindles

Real Estate News EXchangeNov. 27, 2018
While industrial land continues to be developed at an increasing pace in Canada, the amount available is dwindling, especially around Toronto and Vancouver …

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High-profile money laundering case won’t proceed

Straight.comNov. 28, 2018
A Public Prosecution Service of Canada spokesperson told the Vancouver Sun’s … about a secret RCMP report about money being laundered into real estate.

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Detached home prices plunging? Not exactly (INFOGRAPHIC)

Vancouver CourierNov. 29, 2018
But we at Glacier Media’s real estate division haven’t yet seen this have a … The infographic reveals that Metro Vancouver’s median detached sale prices in …

Otter’s reign of terror seen as an allegory for modern-day Vancouver

The Globe and MailNov. 30, 2018
The tale of the otter and the koi has become an urban Vancouver fable. … that undergirds so many local conversations, over street signs, real estate and tax law.

This Week’s Top Stories: Canadian Real Estate Price Growth Slows …

Better DwellingNov. 25, 2018
Canadian Real Estate Prices Are Up Over 44% Over The Past 5 Years … This isn’t just Toronto or Vancouver, Canadian’s everywhere went ham on those …

Snake yoga? It’s a thing and it’s coming to Vancouver

Times ColonistNov. 30, 2018
“Because we live in Vancouver, you can’t invest in real estate so you invest in experiences. A lot of people are interested in doing things that are offbeat because …

China won’t stop flood of fentanyl into Canada, sources say

Globalnews.caDec. 1, 2018
The suspect is laundering the money in Vancouver real estate, a source said, and using Vancouver as a hub to launder dirty money around the world.

Mid-Century Modern Estate With 11000+SF Lot On Vancouver’s …

Canada NewsWire (press release)Nov. 29, 2018
Mid-Century Modern Estate With 11,000+SF Lot On Vancouver’s Premiere West … “In real estate, no one knowingly sells at a market peak and no one buys at a …

Douglas Todd: Adriane Carr opposes overseas marketing of condos

Vancouver SunNov. 27, 2018
It’s not hard to argue that City of Vancouver Councillor Adriane Carr has more … were many more absentee owners than the realestate industry was saying.”.

Art and beauty in Mexico’s San Miguel de Allende

Vancouver SunNov. 24, 2018
Have you thought about buying real estate here?” … Air Canada and WestJet offer direct flights from Vancouver to Mexico City. aircanada.com, united.com.

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Open letter to Attorney General David Eby on Sam Cooper’s “secret …

Straight.com-Dec. 1, 2018
… has many people on edge about how much Metro Vancouver is being swamped … link between Chinese drug money laundering and Vancouver’s real estate …

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Tenants’ tales of woe inspire Vancouver councillors to call for tough …

Toronto StarNov. 30, 2018
VANCOUVER—Two Vancouver city councillors want to look at whether the city … the Goodman Report, a newsletter published by a commercial realestate firm.

Story image for vancouver real estate from Vancouver Courier

BC’s operating debt eliminated

Vancouver CourierNov. 26, 2018
… and tackle the real estate speculation that has driven Vancouver housing prices … the market through tax measures aimed at curbing real estate speculation.

David Hutniak: Vacancy controls ultimately harm renters

Vancouver SunNov. 29, 2018
That is why real estate investment trusts and pension funds were finally able to … We need to build more secure purpose-built rental housing in Vancouver and …

Green standards reach new heights in Vancouver office tower …

The Globe and MailNov. 26, 2018
Green standards reach new heights in Vancouver office tower development … says Andrew McAllan, Oxford’s head of real estate management and former chair …

Weekly Buzz: Multi-family and hotel market

Western InvestorNov. 30, 2018
This week’s top stories focus primarily on B.C.’s rental real estate market and … Dane Eitel, a Vancouver residential real estate agent and president of Eitel …

One of Canada’s biggest money laundering probes has collapsed

BNNBloomberg.caNov. 29, 2018
Earlier this week, Global News reported that a secret police study into more than 1,200 luxury real estate purchases in the Vancouver area in 2016 found that …

Whistler condo prices skyrocket as retirees, investors drive demand

Business in VancouverNov. 29, 2018
… true in the mountainside condominium market as more and more investors seek the convenience of lock-and-leave living.” Glacier Media Real Estate …

$10.79M downtown Victoria condo sale doubles the previous record

Times ColonistNov. 27, 2018
Project real estate agent Craig Anderson, of Vancouver’s Magnum Projects, said buyers are typically 55 to 64 years old, planning to live here full-time during …

Vancouver theatre returns to the Playhouse with the Electric …

Straight.comNov. 29, 2018
Nationally acclaimed playwright Daniel Brooks and director Kim Collier craft a bold and suspenseful world premiere, where the legacy of real estate corruption …