Real Estate Blog

With the number of jobs in real estate expected to continuously grow by 6% through 2026, according to the U.S. Bureau of Labor Statistics, the competition for agents is and will remain strong. This can make it a challenge for a homebuyer or seller to find the right real estate agent to work with.

With so many agents vying for clients, you may feel overwhelmed with offers and opportunities as a buyer or seller. Matching your wants and needs with an agent who can provide you the personality, drive and effort you are looking for can make the difference in whether you have a good experience with your property search or home sale.

Thirteen members of Forbes Real Estate Council shared a few useful tips for a homebuyer or seller to make sure the real

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Greens demand change of controversial new speculation tax

VICTORIA - Just 48 hours after the British Columbia government introduced its planned speculation and vacancy tax, amendments are being made to ensure the legislation passes with the support of the Green party.

Finance Minister Carole James and Green Leader Andrew Weaver announced three changes to the bill introduced Tuesday that aims to cool the real estate market and convince owners of vacant homes to sell or rent their properties.

James says the Green amendments would cut the tax rate for all Canadians who own vacant properties in certain urban areas in B.C. to 0.5per cent from oneper cent, while revenues from the tax would be directed in the communities they are collected.

The legislation would also establish an annual meeting between the

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It was 1968 — the year that Metro Vancouver got its first condominium complex.

A great deal has changed in the ensuing 50 years. Now roughly one out of three residents of the region live in a condominium. Metro Vancouver has about 600,000 condo units, with the city of Vancouver having 130,000 of those. The province in total has about 900,000 units, according to the Condominium Homeowners Assoc. of B.C.

Metro Vancouver could be the poster city illustrating the results of the legal changes half a century ago that made condominiums possible. A strong case has been made that the “condofication” of Metro Vancouver has done more than anything else to define this West Coast city. It’s come with some benefits, including for many owners, but the deeper

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Canada’s Best Performing Real Estate Markets Aren’t Toronto Or Vancouver

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 the most over the past year. In fact, the economic suburbs of Toronto and Vancouver have outperformed the cities over the past 5 years.

Vancouver Real Estate Is The Most Expensive In Canada

Vancouver, Oakville, and Fraser Valley are the most expensive real estate markets. Vancouver’s composite benchmark reached $1,070,600 in September, up 2.21% from last year. Oakville, an affluent suburb of Toronto, reached a benchmark of $952,700, up 1.35% from last year. Fraser Valley reached $860,300, up 8.48% from last year. All three of these markets are experiencing rapid deceleration

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Hamilton real estate prices continue to climb: report

There is some good news for Hamilton homeowners who are looking to sell.

Royal Lepage released its third quarter 2018 Market Survey Forecast, showing an increase of 5.2 per cent in the price of a home compared to this time last year. That brings the average Hamilton-area home price to $571,157.

The survey shows that the median price of a two-storey home in Hamilton increased 5.1 per cent to $606,671, while the median price of a bungalow rose to $509,384. The median price of a condominium increased by 8.9 per cent to $344,422.

“Hamilton is moving towards a more balanced market, but well-priced houses are still attracting multiple offers and selling quickly,” said Joe Ferrante, broker of record, Royal LePage State Realty. “We have seen demand

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Top 10 real estate tips for the fall

High demand and low interest rates continue to drive housing sales this month.

While home prices for starter-to-midrange homes are pushing upward toward pre-recession peaks, especially in secondary markets, they’re stabilizing in higher-priced areas.

Prognosticators see the robust markets of Seattle, Portland and Denver as this year’s top performers, with 10 percent to 11 percent price growth. If mortgage rates rise modestly as expected in 2017, sales elsewhere may normalize with smaller price appreciation, especially as housing starts rise to fill the inventory breach, but recently, rates have been on the decline.

Here are 10 tips to adapt to the latest market conditions.

1. First-time homebuyers: Get that starter home now

And we

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Zillow to Receive Listings from Redline Real Estate Canada

SEATTLE, Oct. 17, 2018 /CNW/ -- Zillow®, the leading real estate and rental marketplace in the U.S., announced today that Calgary-based Redline Real Estate Canada will display its listings on Zillow's mobile app and website. Redline Real Estate Canada is the first independent brokerage in Alberta to agree to send listings to Zillow.

Redline adds to the growing list of prominent Canadian brokerages who have signed on with Zillow to give their listings exposure to millions of global home shoppers.

"By sending listings to Zillow, Redline Real Estate Canada will be a leader in driving global exposure for their agents' listings," said Errol Samuelson, Zillow Group Chief Industry Development Officer. "It's exciting to us that our

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Social needs, blurring of live-work boundaries, disruptive tech and short-term rentals among factors influencing how we buy and build homesWhich hot trends will affect the real estate market in 2019?

Three emerging factors are set to disrupt and transform the real estate market in the near future, according to a new report by Montréal-based real estate website

Remote working and self-employment, disruptive technology such as autonomous vehicles and virtual reality, and lack of affordable housing are the three key trends that will affect the real estate market next year and into the future, said the report.

Home as office, business or service

The blurring of live-work boundaries and changing social needs are affecting the kinds of homes buyers want, especially as more and more people work

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Light industrial space in the East Vancouver condo towers is selling for up to $700 per square foot and could lease for $30 per square foot

Strathcona Village industrial and housing development first of its kind in Vancouver

Investors are circling an East Vancouver development, the first in North America to mix condominium towers with industrial strata space.

“I thought the industrial buyers would all be owner-occupiers, but we getting a lot of calls from investors,” said Dan Jordan, a Colliers International agent who began marketing the non-residential space at Wall Financial’s Strathcona Village this month.

In 2014, the City of Vancouver rezoned a two-block strip of East Hastings to allow both residential and “light industrial”, defined asproduction, design and repair uses.

Strathcona Village, being built on the north

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Vancouver, BC – October 11, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in September, a 33.2 per cent decrease from the same month last year. The average MLS® residential price in BC was $685,749, down 1.1 per cent from September 2017. Total sales dollar volume was $3.8 billion, a 34 per cent decline from September 2017.

“BC home sales continue at a slower pace compared to last year,” said Cameron Muir, BCREA Chief Economist. “The impact on affordability and purchasing power caused by the mortgage stress test and moderately higher interest rates are negating the effect of the extraordinarily strong performance of

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