Category: General

Canadian Real Estate Wealth’s Property Forecast issue will be out in December, and after this year’s real estate market turbulence, readers will breathe easier next year. The theme that will likely carry through the year is cautious optimism, as market fundamentals...

Continued economic growth will drive Montreal’s housing upswing to 2020, according to the latest Housing Market Outlook report from the Canada Mortgage and Housing Corporation (CMHC). The report also forecasts that the Montreal construction boom will continue its growth, with new...

According to survey conducted by Century 21, Greater Vancouver comes up on top as Canada’s most expensive metropolitan area to buy a home. Vancouver has eight neighbourhoods in Canada’s top ten most expensive areas in price per square foot, with its...

“For those people who believe that money laundering is playing a role in corrupting B.C.’s real estate market, now is your chance to share your views.” Do you think dirty money is corrupting B.C.’s real estate market? Now’s your chance to...

A report analysing the impact of augmented transportation on Greater Vancouver housing could help real estate investors find shrewd deals. Specifically, the report by the Real Estate Intelligence Network, uses a precise formula to determine where valuation increases lie. “The formula...

Ever-increasing prices in Canada’s hottest residential markets will trigger accelerated demand for rental space – in turn driving near-future growth in apartment construction, according to the Canada Mortgage and Housing Corporation. In its Fall 2018 Housing Market Outlook, the Crown corporation...

“The Toronto Real Estate Board is reporting a six per cent increase in home sales last month compared to the same month a year earlier, with strong demand for condos and low-rise units,” according to CBC News. Toronto home prices rise...

“The city says in a news release that it expects to generate a total of $30 million from the first year of the tax which is applied to vacant residential properties in a bid to ease Vancouver’s near-zero vacancy rate,” according...

“Metro Vancouver’s housing market in 2019 and 2020 will be characterized by slower sales and more home inventory, says CMHC”, according to this article. Home prices will continue to ‘soften’ over next two years: forecast Metro Vancouver’s housing market in 2019...

“Database is intended to help crack down on tax evasion and create transparency”, according to the Vancouver Courier. B.C. government launches promised condo flipping registry Database is intended to help crack down on tax evasion and create transparency Source...

Among the most important traits any real estate investor should possess is resilience. Ankur Puri is perhaps the poster boy for resilience. The strategic real estate investor, speaker and mentor who runs Ank Real Estate Investments Inc., has mastered the art...

According to the Toronto Real Estate Board, the condo segment remains the market’s most desired and valuable asset class, having enjoyed an 8.6% year-over-year increase in average sales price last month (reaching $603,153). The TREB noted that this performance played a...

The latest edition of the Prime Global Cities Index by Knight Frank LLP revealed that Toronto ranked 2nd in terms of prime real estate growth across all of North America. The city’s luxury prices increased by 8.5% year-over-year in Q3 2018,...

REW has partnered with the Mississauga Real Estate Board to expand home search options for consumers, increase agents’ visibility and more – find out in this article. Mississauga Real Estate Board (MREB) looks to improve local agent exposure with new online...

Fort St. John Investment Opportunity – Cambridge Estates From $259K. Webinar & Podcast Available: http://bit.ly/cambridgeestatesVNC -located at 102nd Street & 117 Avenue, Fort St. John -102 Townhomes -complete turn-key rental management options -5-minute drive to downtown shops & services -close to...

See how this Torontonian gets creative with limited space in his 465 square feet King West condo. How a 25-year-old financial analyst lives in 465 square feet Strategic furntiure placement makes a tiny condo feel bigger than it is Source...

We’re proud to announce that REW has been certified as a Great Place To Work® – find out more about what this means and how you can join our amazing team. Real Estate Tech Company, REW (Real Estate Wire), Certified as...

Investing in Energy Star-grade upgrades can yield investors higher returns. According to Corey McBurney, president of EnerQuality, which partnered with Natural Resource Canada to develop the Energy Star certification, smart technologies lower investors’ expenses. “It’s twofold,” said McBurney. “If you’re renting...

According to this article, the Real Estate Board of Greater Vancouver statistics show that sales may be looking up. Signs of a market recovery? Home sales improve slightly in October After a gloomy September, Metro Vancouver’s real estate activity brightens somewhat...

“As many as 650 affordable non-market housing units could be built on three vacant sites in Yaletown through an agreement between the City of Vancouver, B.C. Housing and Concord Pacific,” according to this Vancouver Sun article. ‘Historic’ agreement paves way for...

According to a report released this week, private lenders funded 20% of mortgage refinances in the second quarter of this year, highlighting how profitable mortgage investment is becoming. The joint report between Teranet and Realosophy also revealed that private mortgages during...

Major cannabis producers and sellers are struggling to keep up with the enormous demand for the plant after it was legalized last month. Canadians’ craving for the herb was such that shortages have become all too apparent in the few short...

A recent report revealed that, despite admitting to making some compromises, most modern families in key urban areas throughout Canada are satisfied with their property purchases. In a recent report released by Mustel Group and Sotheby’s International Realty Canada on home...

Celebrate #Halloween with these spooky #architecture gems: Celebrate Halloween with Spooky Architecture Flip through our slideshow of chilling projects and read more about each. Source...

In a keynote speech delivered at the National Mortgage Conference in Montreal this week, Benjamin Tal warned that instituting rent control could spell disaster. Speaking specifically about Ontario’s Fair Housing Plan, introduced in April 2017, Tal says it triggered rent control...

Hopeful home buyers in Quebec City can look forward to lower costs as the city’s residential tax per $1,000 of assessment went from $10.930 in 2017 to $10.114 this year, decreasing by 7.47%. The 2018 Canadian Property Tax Rate Benchmark Report...

A new analysis from Morguard Corporation credited healthy economic prospects, strong leasing fundamentals, and a modest development cycle for the Canadian industrial real estate segment’s “very positive near-term outlook.” “Sales volume for the industrial real estate market already stands at a...

“Vancouver’s mayor-elect says he is most looking forward to getting on with increasing housing supply”, according to this Vancouver Courier article. Stewart promises to tackle housing crisis ‘as fast as possible’ Vancouver’s mayor-elect says he is most looking forward to getting...

More than any other consumer segment, residential tenants in Ontario shoulder a remarkably large proportion of property taxes, according to the latest study by the Altus Group. In its newly released 2018 Canadian Property Tax Rate Benchmark Report, Altus Group found...

Often blamed for overheating in major markets, flippers actually represented only a minor proportion of home transactions in Toronto and Vancouver, according to a Bloomberg analysis that looked at Teranet Inc.’s land and housing registry. In Toronto, flipped condos represented just...

The Greater Vancouver region’s office market is entering a boom period as investments by major technology companies continue flowing in, according to RE/MAX Western Canada regional executive vice president Elton Ash. The continued expansion of leading tech firms like Amazon and...

“With overnight rate at 1.75 per cent, first-time buyers and variable-rate mortgage holders will be most affected,” according to this article. BoC raises interest rates again – what that means for you With overnight rate at 1.75 per cent, first-time buyers...

Toronto and Vancouver condo units in the $1-2 million price range have attracted a healthy proportion of buyers over the past few years, according to the 2018 RE/MAX Spotlight on Luxury Report. Christopher Alexander, executive vice president and regional director of...

Vancouver mayor-elect Kennedy Stewart has previously vowed to build 85,000 new rental homes over the next 10 years, but data analyst Jennifer Bradshaw of Abundant Housing Vancouver argued that the city does not even have enough land remaining to make the...

Real estate prices may be dropping, but the overall market is still exposed to a high degree of vulnerability. The Canadian Mortgage and Housing Corporation (CMHC) recently revealed this insight in their latest Housing Market Assessment (HMA) report for Q4. The...

Our Commercial Property Management team recently held a Thanksgiving food drive to benefit the Greater Vancouver Food Bank. Our amazing tenants contributed over 400 lbs of food, and Onni matched this donation! Food security is a year-round challenge for those in...

We are proud to be a part of Vancouver’s #architectural renaissance, with Jameson House, the home of our current head office, and Fifteen Fifteen making this short but iconic list: https://bit.ly/2JhABOE #vanre Opinion: Vancouver undergoing the largest architectural renaissance in its...

“He certainly provided a very aggressive platform in terms of housing units, but I think the issue is actually how are you going to deliver it?” says the director of the City Program at Simon Fraser University, according to Livabl. Vancouver...

Check out Toronto Life’s condo of the week on REW! See listing details: http://ow.ly/Ts1U30mlJff $2.2 million for a Financial District condo with a commanding view It’s our Condo of the Week Source...

While mortgage investment corporations aren’t typically conservative lenders, 6ix Capital Group has gone against the grain in a bid to both protect investors and reap healthy yields. Mortgage Investment Corporations, or MICs as they’re known, use investors’ monies to fund mortgages,...

Multi-residential apartment buildings in Toronto yielded a record-breaking $1.2 billion in investments during the third quarter of 2018, according to the latest report from commercial real estate firm Avison Young Canada. Bill Argeropoulos, principal and practice leader of Canada research at...

Earlier this week, Morguard Corporation announced the completion of its joint purchase of a major two-tower office building in Ottawa’s central business district The sale of the 552,000-square-foot Jean Edmonds Towers, situated at 300 Slater Street and 365 Laurier Avenue, was...

“Forty-one per cent of B.C. residents are worried they will have financial difficulties if rates go up,” according to this article. B.C. residents increasingly fearful of interest rate hikes: poll Forty-one per cent of B.C. residents are worried they will have...

Maywood on the Park Homes Starting from $399k. Get VIP Access and Floor Plans now: http://bit.ly/MaywoodVNC – Expansive views of North Shore Mountains, Fraser River and Downtown Vancouver – 298 condominium units over 32 stories – 3,975 sq ft of amenity...

Condominium rents in the Greater Toronto Area have continued surging. According to Urbanation, during the third quarter of 2018, condo rents grew 9.4% year-over-year, hitting $3.26 per square foot, while monthly rents rose 7.6% annually, reaching $2,385. The average unit during...

Sustained demand in the condo segment is playing a major role in magnetizing further activity towards Quebec’s housing market, according to the province’s Federation of Real Estate Boards Condos exhibited a 12% year-over-year increase in sales transactions during the third quarter...

A marked increase in condo fees in several projects – which stemmed from a new regulatory requirement for projects to undergo reserve fund studies – has pushed away potential buyers in Winnipeg, according to observers. This is despite the median price...

Check out the transformation of this two bedroom semi in the Corso Italia neighbourhood of Toronto! How a stager made a DIY reno more buyer-friendly See inside a Corso Italia home before and after it was staged for sale Source...

Canada’s Best Performing Real Estate Markets Aren’t Toronto or Vancouver | Better Dwelling Canada’s real estate hubs of Toronto and Vancouver are slowing down. Canadian Real Estate Association (CREA) numbers show the price of a typical home in small cities climbed...

Interested in taking your creative career to the next level? We are growing! On the creative side, we are seeking experienced professionals to join the Interior Design and Marketing teams in our Vancouver office! Learn more and apply today: https://www.onni.com/about/careers/ Careers...