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Will B.C.'s commercial real estate prices follow residential decline?
Western Investor · 31 Jul 2019
Home prices have been in a sharp retreat in Metro Vancouver, Canada's second largest investment market, ever since the British Columbia government introduced a foreign buyer tax in mid-2016. The concern for some is that commercial property prices will be pulle…
Hundreds of pre-sale Richmond condo owners left hanging by developer
Western Investor · 22 Jul 2019
Andersons Square Holdings Ltd., run by former city council candidate Sunny Ho , notified its customers last week that it's cancelling the pre-sale contracts for the Alfa development at Anderson Road and Buswell Street, with a full refund of deposits, plus inte…
Toronto, Vancouver tied for lowest office vacancy rate in NA
Canadian Real Estate Wealth · 10 Jul 2019
CBRE Canada says that Vancouver's office vacancy rate dropped to 2.6% in the second quarter of 2019, from 4.7% only a year ago. Meanwhile, the vacancy rate in Toronto held steady at 2.6% thanks to a downtown construction boom.
Can the First-Time Home Buyer Incentive Be Used in Vancouver?
other · 09 Jul 2019
The First-Time Home Buyer Incentive (FTHBI) has been highly scrutinized since it was first announced by the federal government in March; the program, which will see the Canada Mortgage and Housing Corporation (CMHC) provide interest-free down payment loans to …