Real Estate SnapShot

Commercial real estate sales down, prices up in the Lower Mainland

(September 13, 2018)

The commercial real estate market in the Lower Mainland continued to see fewer transactions in the second quarter (Q2) of 2018 compared to recent years.There were 569 commercial real estate sales in the Lower Mainland in Q2 2018, a 16.3 per cent decrease over the 680 sales in Q2 2017, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Great... read more.

Commercial sector shows promise in Q2

(September 12, 2018)

by Bloomberg
by Natalie Wong
Canadian commercial real estate investment reached new heights in the second quarter, boosted by a pair of big acquisitions and by the lure of attractive, income-producing property.Transactions reached C$16.5 billion ($12.5 billion). That’s 38 percent more than the previous record, set in the first quarter of last year, and more than twice the five-year quarterly average... read more.

August Home Sales Suggest Impact of Stress Test Fading

(September 12, 2018)

Vancouver, BC – September 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,743 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in August, a 26.4 per cent decrease from the same month last year. The average MLS® residential price in BC was $669,776, down 1.2 per cent from August 2017. Total sales dollar volume... read more.

Maximum allowable rent increase set for 2019 at 4.5%

(September 10, 2018)

Based on the B.C. Consumer Price Index and the formula for rent increases in British Columbia, the maximum annual allowable rent increase will be 4.5% in 2019.B.C. landlords can choose to increase rent once annually. The maximum percentage increase allowed each year is the inflation rate plus 2%. The inflation rate, calculated using the 12-month average percentage change in the Consumer Price Inde... read more.

CMHC makes announcement regarding self-employed borrowers

(July 19, 2018)

Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage.The national housing agency says it's giving lenders more guidance and flexibility to help self-employed borrowers.Self-employed Canadians may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable.CMHC is providing examples of factor... read more.