Real estate

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REAL ESTATE: Supply, Demand and Debt – You Can’t Print Gold!

Real estate columnist Freddy Marks stresses importance of land investment in the pandemic

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Investing in the busy real estate market of southern Vancouver Island and surrounding areas. New listings and sold signs can be seen around Victoria, B.C., on June 1, 2018. THE CANADIAN PRESS/Chad Hipolito

Housing market ‘moderately’ vulnerable amid potential overvaluation of homes: CMHC

CMHC says there was a ‘moderate degree of vulnerability’ in the housing market as of the end of June

Investing in the busy real estate market of southern Vancouver Island and surrounding areas. New listings and sold signs can be seen around Victoria, B.C., on June 1, 2018. THE CANADIAN PRESS/Chad Hipolito
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. The Canadian Real Estate Association says home sales in August climbed 6.2 per cent compared with July to hit an all-time monthly record with gains led by the Greater Toronto Area and B.C.’s Lower Mainland. THE CANADIAN PRESS Jonathan Hayward

CREA reports Canadian home sales climb again, set record for August

Compared with a year ago, sales in August were up 33.5 per cent

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. The Canadian Real Estate Association says home sales in August climbed 6.2 per cent compared with July to hit an all-time monthly record with gains led by the Greater Toronto Area and B.C.’s Lower Mainland. THE CANADIAN PRESS Jonathan Hayward
The average price of a single family home sold in the Chilliwack and District Real Estate Board in August 2020 was $676,099. This home in Chilliwack Proper was listed in early September for $699,000. (Paul Henderson/ Chilliwack Progress)

Skyrocketing August home sales in Chilliwack and surrounding area

Sales up 62% over August 2019 with prices up 14% year over year

The average price of a single family home sold in the Chilliwack and District Real Estate Board in August 2020 was $676,099. This home in Chilliwack Proper was listed in early September for $699,000. (Paul Henderson/ Chilliwack Progress)
Andy Yan says local employment, interest rates, and pent-up demand may be driving a high turnover in homes in Langley. (SFU/special to the Langley Advance Times)

SFU housing expert explains Lower Mainland’s surprising real estate sales numbers

Why are housing sales in Langley, and the region, still so high despite a pandemic and recession?

Andy Yan says local employment, interest rates, and pent-up demand may be driving a high turnover in homes in Langley. (SFU/special to the Langley Advance Times)
(Contributed Photo/Freddy Marks)

REAL ESTATE: Transformative lifestyle choices spur 2020 land rush

Real estate columnist Freddy Marks discusses long-lasting effects on real estate due to COVID-19

(Contributed Photo/Freddy Marks)
Canadian Real Estate Association says July marked a record high for home sales

Canadian Real Estate Association says July marked a record high for home sales

CREA says the actual national average price for homes sold in July was a record $571,500

Canadian Real Estate Association says July marked a record high for home sales
(The Canadian Press)

CMHC reports annual pace of housing starts climbed nearly 16% in July

Economists on average had expected an annual rate of 210,000

(The Canadian Press)
Stephen Jagger, co-founder of the real estate startup addy, stands outside the Starbucks at Yale and Airport in Chilliwack in July. The company is bringing the building online as an investment option for small investors in August, 2020, (Submitted photo)

Real estate startup opens market to small investors in Chilliwack

New company uses crowdfunding to make real estate investing more accessible to all

Stephen Jagger, co-founder of the real estate startup addy, stands outside the Starbucks at Yale and Airport in Chilliwack in July. The company is bringing the building online as an investment option for small investors in August, 2020, (Submitted photo)
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REAL ESTATE: Recreating the “Guest Experience”

The hospitality and recreation industry should embrace changes, Freddy Marks says

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Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008. Bank of Canada Governor Tiff Macklem holds a news conference, in Ottawa, Wednesday, July 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Mortgage defaults after COVID-19 could look different than 2008, says economist

Deferrals were key to helping people keep their homes, economists say

Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008. Bank of Canada Governor Tiff Macklem holds a news conference, in Ottawa, Wednesday, July 15, 2020. THE CANADIAN PRESS/Adrian Wyld
A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Open houses resume, but the home-buying pastime has drastically changed

The situation is all the trickier when landlords look to show properties occupied by tenants

A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
PHOTOS: Inside a newly-listed $22M mega-mansion on ALR land in B.C.

PHOTOS: Inside a newly-listed $22M mega-mansion on ALR land in B.C.

The large home, located on ALR land, is one of the last new mansions to legally be built on ALR land

PHOTOS: Inside a newly-listed $22M mega-mansion on ALR land in B.C.
The Priestley family has put their resort at Ucluelet’s tranquil Terrace Beach on the market. (Nora O’Malley photo)

Beverly Hills 90210 star’s family selling Vancouver Island Beach Resort

You can own Jason Priestley’s Terrace Beach Resort in Ucluelet for less than $5 million

The Priestley family has put their resort at Ucluelet’s tranquil Terrace Beach on the market. (Nora O’Malley photo)
(The Canadian Press)

CMHC reports annual pace of housing starts in Canada increased in June

Rural starts were estimated at a seasonally adjusted annual rate of 15,006 units

(The Canadian Press)
Fraser Valley Real Estate Board says sales double in June, buyers returning to market

Fraser Valley Real Estate Board says sales double in June, buyers returning to market

Month’s property sales rebound 113% over May’s sales, 32% over June last year

Fraser Valley Real Estate Board says sales double in June, buyers returning to market
(The Canadian Press)

Greater Vancouver home sales start to tick up, with prices holding steady

Residential sales last month reached 2,443, a 64.5 per cent jump from May

(The Canadian Press)
Freddy Marks

REAL ESTATE: Your House Has Become More Than Just Home Base

Real Estate columnist Freddy Marks notes rural property demand is growing

Freddy Marks
FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS/Jonathan Hayward

B.C.’s real estate market shows ‘encouraging signs of recovery’ in May: association

Real estate listings, sales still down in B.C. as COVID recovery begins

FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS/Jonathan Hayward
Black people make up 3.5 per cent of Canada’s population and 5.2 per cent of CMHC employees (The Canadian Press)

CMHC re-assessing policies through a racialized lens to eliminate discrimination

Black people make up 3.5 per cent of Canada’s population and 5.2 per cent of CMHC employees

Black people make up 3.5 per cent of Canada’s population and 5.2 per cent of CMHC employees (The Canadian Press)