British Columbia / Alberta
Mortgages
“Worst-Off Borrowers” Could See Mortgage Payments Spike Upwards Of 70%
While some borrowers will look to extend the amortizations of their mortgages, others will opt to make lump-sum payments — however, both options “come with their own costs,” an expert says.
Dec 01, 2023
Retail
Granville Retail Complex In The Heart Of Downtown Vancouver Put Up For Sale
The retail complex at 798 Granville Street is well-known to any Vancouverite due its prime location at the intersection of Granville Street and Robson Street.
Condos
Bosa Properties Guaranteeing Rental Revenue To Solhouse 6035 Buyers
Bosa's Rental Revenue Program guarantees a set amount of rental income depending on unit sizes, with Bosa paying the difference if the rental income they receive is lower than what's guaranteed.
Office
Slate Asset Management's Stephen Avenue Place In Calgary Placed Under Receivership
Slate Asset Management acquired Stephen Avenue Place, formerly called the Scotia Centre, in 2018.
$6.9M Modern Farmhouse Sits On 12 Acres In The Heart Of Aurora
Beyond a sprawling, private lot, the property touts a stunning modern farmhouse with all the trappings of luxury.
Renting
Kelowna's Short-Term Rentals Stall Amid New Government Measures
Because the Okanagan is a vacation destination, it drew a lot of investors who could more than cover their mortgage and tax costs by booking short-term rental guests. Now, many are having to sell.
Future Developments
Peterson Moving Forward With 29-Storey Tower, 15-Storey Hotel On Cambie
Peterson Group was originally co-developing the project with Coromandel Properties, but is now proceeding without them.
Commercial
‘Constrained Supply’ To Give Multifamily, Industrial Real Estate A Boost In 2024
"As interest rates and inflation rates gradually decline, there is an anticipation of pent-up investment demand within the property sector," says Morguard's Senior Director of Research Keith Reading.
Homes
A Chill Has Come Over Canada's Ski Property Market
Across Canada, the majority of winter recreational regions recorded double-digit declines in the number of homes sold during the first 10 months of 2023, according to a new report from Royal LePage.
Industry Profiles
CREA Names Janice Myers As New CEO
Myers, the current CEO at the Ottawa Real Estate Board, brings with her more than 20 years of real estate leadership experience. She will replace interim CEO Debra Cowan.
Real Estate News
“Weakness Is Spreading”: Economist Says Canadian Housing In For A Slow Spring
A new report looks ahead at Canadian housing in 2024, and forecasts softer sales and prices across all major markets, as well as a drop-off in homebuilding activity.
Real Estate News
Interest Rates, Affordability To Keep Canada's Housing Markets Quiet In 2024
But a flurry of springtime activity is not off the table, RE/MAX President Christopher Alexander told STOREYS.
Industry Profiles
Is Agricultural Urbanism The Solution To Destructive Sprawl?
The planning theory of Agricultural Urbanism emerged nearly 30 years ago, with a focus on organically containing urban sprawl.
Future Developments
BC Gov Announces Transit-Oriented Development Project In Port Moody
The project was originally proposed in July 2020 as part of a proposal forwarded by the Moody Centre TOD Master Planning Group, a group of several developers and owners.
Load more