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  1. 12th and Burrard - Vancouver 0.69-acre (30,000 sf) strata windup site sells for $41 million

    Price is equal to $1 million for each of the 41 units in the windup at the prime corner of Burrard Street and West 12 Avenue that is slated for high-density development
    Source: Western Investor
    08-11-2023

  2. Havre’s $4 billion Calgary realty team leaving Re/Max

    One of Calgary’s top-producing realtors, Justin Havre, and his team are leaving the Re/Max Canada brand to join forces with eXp Realty, the world’s largest independent real estate company.

    Havre is one of the most prominent realtors in Calgary with a team consisting of 60 agents and 18 staff.
    Source: The Vancouver Sun
    08-11-2023

  3. Minimum income to buy a home in Vancouver rises to $246,100: Report

    f you want to buy a home in Vancouver, you would need to be making almost $250,000 a year, according to a new report.

     

    The minimum annual income required to buy an average $1.2 million home in Vancouver rose to $246,100 over a one-month period from July to August due to a jump in mortgage rates, says RateHub, an online mortgage brokerage company that looked at housing affordability in 10 cities in Canada.

    Source: The Vancouver Sun
    08-11-2023

  4. 6081-6083 Collingwood Place project - city approves rezoning for five-storey rental apartment

    Several Dunbar residents are speaking out regarding Vancouver city council’s unanimous approval of a 30-unit, five-storey rental building on Collingwood Place.

    It’s on a transit route, it’s close to UBC and it’s in a neighbourhood that desperately needs affordable housing,” said Meiszner. “This is going to give people the opportunity to rent in the neighbourhood and that’s something that’s missing right now.”
    Source: other
    08-11-2023

  5. BREAKING: WeWork files for bankruptcy

    WeWork’s locations outside of the U.S. and Canada are not part of this process. WeWork’s franchisees around the world are similarly not affected by these proceedings, according to the company.

    “Now is the time for us to pull the future forward by aggressively addressing our legacy leases and dramatically improving our balance sheet,” CEO David Tolley said in a prepared statement. “We defined a new category of working, and these steps will enable us to remain the global leader in flexible work.”
    By Frank O'brien
    07-11-2023

  6. Speeding up the FINTRAC grind

    Simon Fiore wasn’t trying to disrupt the real estate industry when he was sitting in his office at Re/Max Associates in Winnipeg back in 2017. He was simply another realtor struggling with the task all realtors dread doing the most: filling out FINTRAC paperwork.

    FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) forms. They are a specific set of paperwork required to be completed to help combat money laundering and terrorist activity financing in Canada.

    Fintracker is an online tool designed to assist real estate agents by automating the process of completing FINTRAC forms.

     
    By Jamie Burke
    06-11-2023

  7. B.C. spends big to house homeless in Prince George

    The first is the Lotus Hostel at 197 Quebec Street, a 27-unit aging structure that BC Assessments valued this year at $786,500. BC Housing, however, is paying a total of $4.8 million, which includes $2.6 million in necessary repairs and upgrades. This works out to $177,777 per “key” in the language of the hotel industry.

    As a comparison, according to the Colliers’ INNvestment Canada report on the national hotel industry for the third-quarter 2023, the “full service” Ottawa Marriott Hotel, a block from Parliament Hill in Canada’s capital, with an indoor pool and a selection of dining rooms, lounges and meeting spaces, sold for $176,900 per key.
    By Frank O'Brien
    03-11-2023

  8. MLA Q3 Market Update

    In the third quarter of 2023, the Metro Vancouver real estate
    market maintained a cautious stance, as both buyers and
    sellers awaited clearer signals on inflation and overall market
    direction. Following typical seasonal patterns, presale activity
    was reduced in July and August as buyers took a step back for
    summer travel and to enjoy the better weather. Consequently,
    new presale projects held back their sales campaigns to
    begin previews in September and October.
    By MLA
    30-10-2023

  9. Vancouver 0.69-acre strata windup site sells for $41 million

    Price is equal to $1 million for each of the 41 units in the windup at the prime corner of Burrard Street and West 12 Avenue that is slated for high-density development
    By Colliers
    25-10-2023

  10. A slow September for B.C. thanks to renewed Bank of Canada rate hikes - 30,000 listings and 6000 sales in bc in September

    British Columbia home sales have been hit by the interest rate hikes the Bank of Canada reignited in June. According to the British Columbia Real Estate Association (BCREA), the province’s average home price went up by 4.9 per cent last month, compared to September 2022.
    By Rem Editorial Team
    20-10-2023

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