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Good news for investors outside Toronto and Vancouver
Canadian Real Estate Wealth · 15 Jul 2016
The Housing Price Index rose 0.7% in May. This is the largest monthly advance since July 2007. This is driven mainly by higher new housing prices in Toronto, Oshawa and Vancouver.
Realty firm was ‘a sham’
The Vancouver Sun · 14 Jul 2016
Pare Realty was the center of a 'rent to own' scam. They offered to provide short term loans to renters to help them use the funds for down payments on home purchases. Investors were asked for $81,000 to purchase in advance through numbered accounts.…
Buyers treat condos like stock, not homes
The Vancouver Sun · 04 Jul 2016
In 2010 the Strata Property Act was amended to all new constructed strata titled home to be available for rentals and prevented the newly formed strata corporations from passing bylaws to restrict the number of rental units.
End of real estate self-regulation met with resignation
The Vancouver Sun · 01 Jul 2016
The misconduct by some real estate agents and the lack of governing by the Real Estate Board of Greater Vancouver, led the Liberal government into the position where they had to step in and regulate the conduct of realtors.