{"id":1963,"date":"2018-06-24T00:29:45","date_gmt":"2018-06-24T04:29:45","guid":{"rendered":"https:\/\/condonow.com\/learn\/?p=1963"},"modified":"2018-06-24T00:29:45","modified_gmt":"2018-06-24T04:29:45","slug":"top-10-real-estate-news-stories-from-june-11-24-2018","status":"publish","type":"post","link":"https:\/\/condonow.com\/Learn\/top-10-real-estate-news-stories-from-june-11-24-2018\/","title":{"rendered":"Top 10 Real Estate News Stories From June 11 – 24, 2018"},"content":{"rendered":"

Our CondoNow experts have narrowed down the top 10 real estate news stories from June 11 \u2013 24, 2018.<\/p>\n

A new CIBC poll says 47 per cent of millennial homeowners are landlords, B.C. government to create a public real estate registry to crack down on tax avoidance and Waterfront Shores\u2019 Pier 8 could easily become Hamilton\u2019s hottest real estate. We\u2019ve cultivated a list of the top 10 stories. Here\u2019s the latest news!<\/p>\n

\"\"<\/a><\/p>\n

Millennials Become Landlords to Reach Housing Goals<\/b><\/p>\n

A new CIBC poll says Canadians who own a rental property earn about $2,189\/month \u2013 50 per cent more than their monthly costs \u2013 and those who rent out space in their home offset their housing costs by 70 per cent.
\nFull Story on REMOnline.com<\/a><\/p>\n

\n

 <\/p>\n<\/div>\n

\"\"<\/a>B.C. Government Will Create<\/strong>\u00a0Public Registry to Reveal Who Owns Real\u00a0Estate<\/strong><\/p>\n

In an effort to crack down on tax avoidance, the B.C. government will create a public registry to show who owns real estate in the province.
\nFull Story on TheStar.com<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a>Waterfront Development Expects to Attract Strong Interest, Have Low Maintenance Fees<\/strong><\/p>\n

The City of Hamilton has approved a plan to rejuvenate its waterfront with a massive mixed-use development, joining similar initiatives by other municipalities as far east as Toronto.
\nFull Story on CanadianRealEstateMagazine.ca<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a>Mixed-Use Urban Real Estate Project Blurs the Line Between Working and Living<\/strong><\/p>\n

Ed Sonshine, chief executive officer at RioCan REIT, discusses a joint development with Allied Properties to build a new mixed-use urban real estate project that blurs the lines between working and living, and why it will be an oasis in an urban jungle.
\nFull Story on BNNBloomberg.ca<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a>Gehry Condo Developers Great Gulf Group Forge Ahead as Market Cools<\/strong><\/p>\n

Great Gulf Group is well aware it\u2019s forging ahead with one of Canada\u2019s ritziest condo projects in a market that appears to be cooling. In fact, it\u2019s bracing for the possibility.
\nFull Story on TheStar.com<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a>Canadian Mortgage Borrowing Drops to Lowest\u00a0Level Since 2014<\/strong><\/p>\n

Mortgage activity in Canada has dropped to the lowest level since 2014, falling by $2 billion to $13.7 billion in the first three months of the year, according to Statistics Canada data released Thursday.
\nFull Story on BNNBloomberg.com<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a>OREA Laments Rejection of Cannabis Recommendation<\/strong><\/p>\n

The legalization of recreational cannabis came along with the dismissal of a Senate recommendation that would have given provinces the power to restrict the growing of marijuana on residential properties.
\nFull Story on MortgageBrokerNews.ca<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a>As of June 15, B.C. Real Estate Agents Are No Longer Allowed to Represent Buyer and Seller at the Same Time<\/strong><\/p>\n

Real estate agents in B.C. say they are not ready and may risk significant financial penalties when new rules are implemented prohibiting \u201cdual agency,\u201d the practice where an agent represents both a buyer and a seller.
\nFull Story on TheStar.com<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a>Credit Market U-Turn: As Bond Yields Retreat, Variable Mortgages Are Looking All the More Attractive<\/strong><\/p>\n

Just five weeks ago, economists were on TV heralding a July rate hike as interest rates rocketed to seven-year highs.
\nThen the market changed the channel.
\nFull Story on TheGlobeAndMail.com<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/a>Current Price Correction in Ontario Not Similar to Previous Bust Periods \u2013 CMHC<\/strong><\/p>\n

It\u2019s been more than five months since the roll-out of new mortgage rules that forced even homebuyers with a larger downpayment to undergo a financial stress test.<\/span> A lot has happened since then.
\nFull Story on MortgageBrokerNews.ca<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Our CondoNow experts have narrowed down the top 10 real estate news stories from June 11 \u2013 24, 2018. A new CIBC poll says 47 per cent of millennial homeowners are landlords, B.C. government to create a public real estate registry to crack down on tax avoidance and Waterfront Shores\u2019 Pier 8 could easily become …<\/p>\n","protected":false},"author":5,"featured_media":1970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1963","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-seasoned-investor"],"yoast_head":"\nTop 10 Real Estate News Stories From June 11 - 24, 2018 - StoryLine By CondoNow<\/title>\n<meta name=\"description\" content=\"Our CondoNow experts have narrowed down the top 10 real estate news stories from June 11 - 24, 2018. 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