Real Estate
Real Estate

Telecommuting on the rise to meet challenges of real estate market, labour shortage

Posted on 26 November 2018

Five months ago, Alistair Vigier launched his all-virtual law firm, with a staff of eight who telecommute from a variety of locations across the country. While Vigier is based in Victoria, ClearWay Law's lawyers are distributed around the Greater Toronto Area, and its admin and other staff are spread around Victoria, Vancouver and Regina. All work from home, meeting t ...

Real Estate

Vancouver real estate agent suspended for faking 'sick grandmother' doctor's note

Posted on 26 November 2018

It's the old "my grandmother died" excuse. And it's normally a slam dunk when it comes to handing in late homework. Except when an instructor asks for proof. In a sequence of events worthy of a sitcom, the Real Estate Council of B.C. has given 120 days suspension to a Vancouver real estate agent who penned a note for an intern trying to explain his way out of a missed deadline. Acc ...

Real Estate

Ottawa housing: the hunt for bargains moves to the periphery

Posted on 15 September 2018

Perhaps it was the heat and humidity, but momentum slowed in Ottawa’s housing market in August. The average price for residential properties sold through the Multiple Listing Service climbed a relatively modest 3.1 per cent year over year to $433,700 while condominiums fetched an average of $276,700, up 2.2 per cent from August 2017, according to a survey of realtors by the Ottawa Rea ...

Real Estate

Going to town: Growing popularity of townhomes has builders struggling to keep pace with demand

Posted on 21 August 2018

Townhomes have grown up, so to speak. Once considered a stepping stone to single-family home ownership, today’s towns are more popular than ever and are often the goal rather than the starting point. There are many reasons for this trend, from affordability to availability to lifestyle choices, and it means builders are now having trouble keeping up with demand. “Townhomes are flyi ...

Real Estate

Rising rents and cutthroat competition: Inside Ottawa's booming rental market

Posted on 21 August 2018

In late 2017, local realtor Steve Peippo started noticing something exceptional was going on in Ottawa’s residential rental market. Prospective tenants competing for rental properties were offering more than the listed price, or offering longer rental terms — anything to gain an advantage. Only a few months prior, a federal government report found that Ottawa landlords were raising ...

Real Estate

Toronto, Montreal, Vancouver dominate office construction: AY

Posted on 21 August 2018

As office vacancy rates continue to tighten in Canada’s largest markets, almost 13 million of the country’s more-than-15-million square feet of office space under construction is concentrated in Toronto, Montreal and Vancouver, a mid-year report from Avison Young reveals. AY’s Mid-Year 2018 North America and Europe Office Market Report indicates the largest share of that space, b ...

Real Estate

Real-estate race begins for Ontario pot shop locations

Posted on 21 August 2018

With the move to allow private businesses to operate cannabis stores in Ontario, the race is on to secure storefronts. Actually, it began before the Conservative government announced Monday that it was abandoning plans to sell pot at stores run by a subsidiary of the LCBO. Officials at four major cannabis companies contacted by this newspaper say they anticipated the possibility of a policy shif ...

Real Estate

Cottage craze: Retirees are now using recreational properties as their primary residences

Posted on 21 August 2018

As Canada’s residential real estate prices continue to flat line, recreational real estate prices are experiencing a surge — and it’s being driven by retirees. Average price of recreational properties, including waterfront, non-waterfront, water access and ski-in properties, have increased by 13 per cent in 12 months across Canada, according to a 2018 Re/Max Recreational Property ...

Real Estate

Buyers of new condos get twice the space in Waterloo as in Toronto

Posted on 21 August 2018

New condominium buyers deterred by soaring Toronto prices are apparently venturing further afield to Hamilton, Kitchener and Waterloo, which offer more bang for their buck and the promise of new transit links that will improve accessibility. Sales of new condominiums in these areas gained “notable traction” in the first six months of the year as regional economic activity picked up ...