Vancouver top city in Canada for commercial real estate investment, says report
The Pique News Magazine
Investor appetite in Vancouver commercial real estate remains hearty, despite some economic indigestion last year.
Vancouver ranks as investors’ top Canadian market, with Toronto in second and Ottawa in third, according to a new report from research firm Altus Group. Read more…
B.C. recreational property market still sleepy as it awaits rate cuts
The Pique News Magazine
B.C.’s weekend cabins are sitting tight as buyers in the province’s recreational real estate market wait on the sidelines.
While demand remains muted across the province, 54 per cent of B.C. recreational property experts expect demand to increase slightly once interest rates start to come down, according to a March 20 survey from Royal LePage. Read more…
B.C. funds 2,000 new affordable homes for renters in Metro Vancouver
The Pique News Magazine
SURREY — Seventeen new housing projects are set to add nearly 2,000 new affordable homes for renters in Metro Vancouver through British Columbia’s community housing fund.
Premier David Eby made the announcement at a construction site in Surrey, B.C., on Tuesday, saying the latest intake of the Building BC Community Housing Fund will bring new homes to every region in the province. Read more…
B.C.’s new home-flipping tax unlikely to help affordability, say experts
The Pique News Magazine
Industry experts say they are less than enthusiastic about the province’s flipping tax.
Criticism points to low levels of flipping activity in B.C.’s housing market, as well as the potential it has to discourage real estate investment and sales, according to those who spoke to BIV. Read more…
Squamish council gives three readings for six townhomes on Fourth Ave
The Squamish Chief
Council OK’d a small but dense new development in downtown Squamish that will go ahead without a public hearing because of a recent change in provincial rules.
In a 6-1 vote at the March 19 regular business meeting, Squamish council members approved three readings for a six-unit townhouse project at 37940 Fourth Ave. Read more…
Squamish council moves Tantalus Village on to public hearing
The Squamish Chief
A development dubbed Tantalus Village passed second reading by council and will soon have a public hearing.
By a vote of 6-1 on March 19, a mixed-use development from Target Homes at 40480 Tantalus Rd. passed second reading, though several council members said they maintained some hesitation. Read more…
Real Estate Definition: Title Search
Remax Blog
Buying or selling a property requires legal steps, including signing legal documents and transferring ownership between owners. Another crucial step is conducting a title search.
You’ve probably heard title search before, but what exactly does it mean? Understanding what title search is is essential to ensure a smooth and secure transfer of ownership. Let’s discover the importance of title search and how it can protect you and your investment. Read more…
RE/MAX and Pet Valu Team Up to Make Moving with Pets Easier
Remax Blog
RE/MAX Canada, the leading real estate organization in Canada, and Pet Valu, Canada’s leading specialty retailer of pet food and pet-related supplies, have joined forces to make moving with pets easier. Together, the two experts in their fields have launched the Complete Guide to Moving With Pets, a free, digital guide filled with tips to help ease pets through the move and transition into their new home. Read more…
Real Estate Definition: Assignment Sale
Remax Blog
When a buyer enters into a purchase agreement for a pre-constructed or newly built property, they may find themselves in a situation where they no longer wish to proceed with the purchase. In such cases, the buyer can assign their rights and obligations under the agreement to a new buyer – and this is where an assignment sale comes in. Read more…
Time for 30-Year Mortgages in Canada? One Homebuilders Group Says Yes
Remax Blog
The Canadian real estate market needs to have 30-year amortization periods for mortgages to grapple with the nation’s housing affordability challenges and facilitate more construction activity, says an industry group representing the country’s residential home builders. Speaking at a February news conference, Canadian Home Builders’ Association CEO Kevin Lee encouraged the federal government to allow the creation of 30-year mortgages in Canada, for insured mortgages on new residential properties. Read more…
Understanding the Real Estate Market When Selling Your Home
Remax Blog
After sitting on the sidelines waiting out the market, you have decided on selling your home. You are not alone. This past fall, a NerdWallet study found that a fifth of homeowners plan to sell their homes in the next three years, and 41 per cent intend to list their homes in the next five years.
If they plan to follow through on these plans, this could mean an injection of supply in a tight Canadian real estate market, which could help improve the housing affordability situation. Read more…
Are Taxes Worsening Canada’s Housing Affordability?
Remax Blog
In recent years, all three levels of government have attempted to use the tax code and other public policy instruments to help address Canada’s housing affordability challenges. However, while Canadian officials are trying to encourage home-buying and incentivize more supply, industry experts argue that plenty of measures are still in place that stifle supply and will not resolve affordability issues nationwide. Read more…
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