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In the Media: April 23 – 29

Welcome to your weekly round-up for everything real estate in the Fraser Valley and BC. This week, we have stories for you that include an update on the Toronto Real Estate Board’s alleged anti-competitive acts, Surrey’s crackdown on homeless persons living in the city, advice for homebuyers looking to purchase with friends, and more.

In the news this week:

The Province – Competition Bureau rules against Canada’s largest real estate board for ‘anti-competitive acts’

The Competition Tribunal has found the Toronto Real Estate Board engaged in anti-competitive acts, a move that could signal an end to attempts by Canada’s largest board to restrict access to its listings.

Globe and Mail – Fear of missing out leaves millennials taking on big risk in housing market

19 per cent of Toronto and Vancouver home owners mentioned a fear of missing out as a top consideration in buying their first home.

The Province – CMHC calls out nine real estate markets for growing signs of overvaluation

Surrey Now – TENT CITY TENSION: Crackdown leaves Surrey homeless feeling like ‘garbage’

Business in Vancouver – Gone in 7200 seconds: the inside story of Vancouver’s wildest property deal


Recently, the concept of shared investment into a home (between friends, family, etc) has become a trend. Here are two articles on the subject, discussing what many buyers are now considering when purchasing a home:

Globe and Mail – As house prices soar beyond reach, buyers find inventive solutions

Yahoo Finance – What you need to know about buying a home with a friend

One in four millennials say they’d consider buying a home with a friend.


Also in the news this week, a former member of the Board has been discovered to have cheated during their real estate licensing exam. Currently, that member has had their license suspended as investigations into the matter continue. You can read about it here.

Check NewsReal next Friday for another edition of ‘In the Media’.

(Please note: While these articles do not necessarily reflect the opinion of the Board, we consider them of note and are sharing purely for the benefit of perspective.)