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  1. Canadian luxury real estate market remains as active as ever

    Ephraim VecinaCanadian Real Estate Wealth In its latest analysis, real estate platform Point2 Homes has drawn out a list of the most expensive residential properties for sale in Canada, in what is shaping up to be proof that the luxury home segment is not slowing down any time soon. Using data culled from the Point2 […]

  2. RBC raises fixed-term mortgage rates

    Ephraim VecinaCanadian Real Estate Wealth Royal Bank of Canada has increased the interest rates on its fixed-term mortgage products. RBC’s mortgage rates were all boosted by 20 basis points, up to 2.54 per cent (two-year rate), while 2.64 per cent (three-year rate), and 2.84 per cent (five-year rate). Said rates are for products with amortization […]

  3. New high for Fraser Valley apartment sales

    Steve RandallCanadian Real Estate Wealth Overall home sales in the Fraser Valley area were down 10 per cent in June from a year earlier and 5 per cent from May with 2,571 sales. Apartment sales though hit a new high, representing 27 per cent of all sales by the Fraser Valley Real Estate Board’s members, […]

  4. Whistler community more than Whistler Village, skiing and mountain biking

    Resort community offers so much more than carousing, skiing and mountain biking Andrew McCredieThe Province If your idea of culture in Whistler is hooking up with German tourists at last call at Garfinkel’s for some late-night poutine and falafals, you clearly haven’t been to the four-season resort lately. True, the classic pub crawl still winds […]

  5. Jasmine at The Gardens 10880 No.5 Road Richmond 23 townhomes by Townline Developments

    Townline?s Jasmine completes The Gardens Kathleen FreimondThe Vancouver Sun Jasmine at The Gardens Project address: 10880 No.5 Road Project City: Richmond Developer: Townline Architect: ZGF Cotter Architects Interior designer: i3 Design Project size: 23 two- and three-bedroom townhomees Unit size: 1,218 to 1,627 square feet Price: High $800,000s  Sales centre: 140 – 10880 No.5 Road, […]

  6. Buying fake jobs to immigrate to Canada

    Douglas ToddThe Vancouver Sun Canadian employers are creating fake jobs so would-be immigrants can quickly get citizenship. Immigration “consultants” often arrange the illicit deals, which frequently result in Canadian business owners being paid to fabricate non-existent jobs. Other times, the migrants perform actual work, while themselves handing cash to the employer under the table to […]

  7. Development group warns Metro Vancouver fee increase will be passed on to home buyers

    Developers will pass on big rate increase to homebuyers Jennifer SaltmanThe Vancouver Sun A development association is warning that a planned significant increase to a Metro Vancouver development fee will end up being passed on to home buyers. Metro Vancouver is reviewing its liquid waste development cost charge which is levied on new development in […]

  8. Possibilities for consumers in the event of a BoC rate hike

    Ephraim VecinaCanadian Real Estate Wealth The looming possibility of an interest rate hike by the Bank of Canada—an eventuality spurred by recent hints from the central bank—should give both consumers and industry players cause to be alert of the likely outcomes of such a hike, according to a markets observer. Writing for RateHub.ca, finance analyst […]

  9. Airbnb, Expedia slapped with new restrictions as Vancouver houses nudge $1 million

    Ephraim VecinaREP Vancouver introduced new restrictions on Airbnb Inc., Expedia Inc. and other short-term rental operators as Canada’s priciest housing market seeks to ease its near-zero supply of homes. “Housing is first and foremost for homes, not to be operated as a business,” Mayor Gregor Robertson told Bloomberg on Wednesday (July 5). Under the new […]

  10. Vancouver prices are still rising on condo demand

    Steve RandallCanadian Real Estate Wealth Demand for condos in Vancouver is escalating prices sharply with detached home prices showing moderate gains. The Real Estate Board of Greater Vancouver says that its MLS Home Price Index was up 7.9 per cent year-over-year and 1.8 per cent month-over-month in June to $998,700. The detached home benchmark hit […]