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Real Estate

B.C. real estate brokerage fined $83K for anti-money laundering violations

B.C. real estate brokerage fined $83K for anti-money laundering violations

West 91Ô­´´ brokerage among 12 entities fined by Fintrac in 2023/2024 for non-compliance of anti-money laundering and terrorist financing policies.
Energy efficiency in new construction could slow down in Richmond

Energy efficiency in new construction could slow down in Richmond

The provincial timeline for 'step codes' is 2032, and some councillors think Richmond shouldn't speed ahead of this.
B.C. city wants housing plan disclosure order quashed

B.C. city wants housing plan disclosure order quashed

A freedom of information request sought information on a wide range of housing data covering November 2019 to July 15, 2021.
Liberal energy minister promises ban on oil furnaces for new builds as soon as 2028

Liberal energy minister promises ban on oil furnaces for new builds as soon as 2028

OTTAWA — Ottawa intends to ban the installation of oil furnaces in new construction as soon as 2028, Energy Minister Jonathan Wilkinson announced Tuesday.
CMHC says annual pace of housing starts in June down 9% from May

CMHC says annual pace of housing starts in June down 9% from May

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell nine per cent compared with May.
B.C. Realtor fined $130K, banned for role in alleged mortgage fraud network

B.C. Realtor fined $130K, banned for role in alleged mortgage fraud network

Realtor Rashin Rohani bought five North 91Ô­´´ homes for herself using falsified income documents, according to a hearing panel of the BCFSA, the province's regulator of real estate
CREA cuts housing market forecast for 2024 despite June sales rising

CREA cuts housing market forecast for 2024 despite June sales rising

The 91Ô­´´ Real Estate Association says it is scaling back its housing market forecast for the remainder of the year amid increased levels of supply and a quiet spring spurred by fewer interest rate cuts expected in 2024.
91Ô­´´ Island portfolio underscores multifamily opportunities

91Ô­´´ Island portfolio underscores multifamily opportunities

Steady demand for housing supports buyer interest
Metro 91Ô­´´ single-family home prices soaring, says report

Metro 91Ô­´´ single-family home prices soaring, says report

Home prices expected to increase 5.5 per cent in Q4, according to Royal LePage
Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report

Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report

TORONTO — Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand.