Real estate

The South Okanagan Real Estate Board saw an increase in real estate activity in July. (Contributed)

South Okanagan sees increase in real estate activity

More single family homes sold at higher prices when compared with a year ago

The South Okanagan Real Estate Board saw an increase in real estate activity in July. (Contributed)
Struggling South Okanagan real estate market rebounds in June

Struggling South Okanagan real estate market rebounds in June

New report by real estate board shows rebound of local housing market in June 2020

Struggling South Okanagan real estate market rebounds in June
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)
A Vernon man, and the city, is hoping Victoria will buy 234 acres of Okanagan Lake shoreline in Okanagan Landing for further recreational pursuits. (Colliers International photo)

Vernon man urges province to buy Okanagan Lake property

Mike Brown launches petition for government to purchase historic Okanagan Landing property

A Vernon man, and the city, is hoping Victoria will buy 234 acres of Okanagan Lake shoreline in Okanagan Landing for further recreational pursuits. (Colliers International photo)
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)
OMREB reports real estate numbers in May were up over April’s numbers, but down from 2019’s. (File)

Okanagan home sales increase over last month, still below 2019 numbers: OMREB

Sales, listings see increase over May’s numbers but dwindle in comparison to 2019

OMREB reports real estate numbers in May were up over April’s numbers, but down from 2019’s. (File)
Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan
A real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

Multi-unit housing starts up in some parts of Canada in April despite COVID-19

CMHC estimates a 10.8 per cent month-over-month increase in its national seasonally adjusted annual rate

A real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
A real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

Home prices won’t recover from COVID for at least 2 years, CMHC says

Preliminary figures indicate that about one in 10 Canadian home owners have deferred mortgage payments

A real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
Okanagan-Shuswap real estate sales drop significantly in April

Okanagan-Shuswap real estate sales drop significantly in April

‘The economy has taken a big shock to the system due to the pandemic and, no surprise, so has the real estate market’

Okanagan-Shuswap real estate sales drop significantly in April
Selling a home in the South Okanagan during a pandemic has proved to be a difficult task. Sales are down 60 per cent compared to this time last year while total listings are down just below seven per cent. (Black Press Media file)

South Okanagan real estate sales drop dramatically in April

Industry insiders suggest potential home buyers and sellers could benefit from a lack of competition

Selling a home in the South Okanagan during a pandemic has proved to be a difficult task. Sales are down 60 per cent compared to this time last year while total listings are down just below seven per cent. (Black Press Media file)
Okanagan real estate market stable; bracing for slowdown due to COVID-19

Okanagan real estate market stable; bracing for slowdown due to COVID-19

Real estate board projects slowdown as the economic impacts of the pandemic continue to develop

Okanagan real estate market stable; bracing for slowdown due to COVID-19
(THE CANADIAN PRESS/Chad Hipolito)

B.C. Real Estate Association calls for stop to open houses during pandemic

Association working with government to help secure relief funding for realtors

(THE CANADIAN PRESS/Chad Hipolito)
Site map of Mountain View Resort, which is near the Enchanted Forest roughly 30 km west of Revelstoke. (Web)

Developer of RV resort west of Revelstoke ordered to stop selling lots

The Superintendent of Real Estate has serious concerns that buyers may not receive their purchase

Site map of Mountain View Resort, which is near the Enchanted Forest roughly 30 km west of Revelstoke. (Web)
Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Ottawa to change stress test rate for insured mortgages next month

Qualifying rate will be borrower’s contract rate or weekly median 5-year fixed insured mortgage rate

Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward