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  1. High Vancouver House Prices Not Overvalued, Only Risk is Recession: Economist

    Local real estate market not in danger over high prices but should look to Calgary for warning about impact of recession, says Central 1 Credit Union REWOther Vancouver’s housing market is not at risk of collapse because of its record prices – a much greater risk is a recession, according to a report issued November […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-11-2015
    Real Estate Related

  2. More and more new homes sitting vacant in some areas

    Ryan SmithOther Even as supply can’t keep up with demand in booming markets like Toronto and Vancouver, some areas are finding more and more homes standing vacant and unsold. A recent report by ATB Financial shows that new homes that haven’t been sold or rented has skyrocketed in Alberta suburbs. In Edomonton, the number of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-11-2015
    Real Estate Related

  3. oronto tops world list in housing prices vs. rental costs

    Ryan SmithOther Toronto has the highest housing prices in relation to its rental rates in a new list comparing 26 other housing markets across the world, according to survey by the Economist. Canada joins Britain and Australia on a list of countries with “notably over-valued real estate markets,” according to the survey. Canada’s markets, the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-11-2015
    Real Estate Related

  4. Booming markets won’t collapse under their own weight – economist

    Other Those worried that the high home prices in Canada’s hottest markets will collapse under their own weight can breathe a sigh of relief – at least according to one economist. Central1 chief economist Helmut Pastrick said that the spiking prices in markets like Toronto and Vancouver aren’t enough, in and of themselves, to spark […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-11-2015
    Real Estate Related

  5. What the Average BC Home Price Will Buy You

    The BC Real Estate Association says the average BC home price in 2015 will be $626,000. So what exactly does that buy in various regions? Here are five hot listings Vashti SinghOther Last week we reported on the BCREA’s projections that the average home resale price in the province will increase to $626,000 this year. But […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-11-2015
    Real Estate Related

  6. PDS – Court decision expands risks of disclosure with seller property information statement

    Matt MaurerOther The Ontario Superior Court has once again underscored how completing a seller property information statement (SPIS) can be a risky move for vendors. When it comes to the purchase and sale of real estate the starting point for any analysis is “buyer beware”. For those looking to impress at cocktail parties, the specific […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-11-2015
    Real Estate Legal Articles

  7. PDS – Court decision expands risks of disclosure with seller property information statement

    Matt MaurerOther The Ontario Superior Court has once again underscored how completing a seller property information statement (SPIS) can be a risky move for vendors. When it comes to the purchase and sale of real estate the starting point for any analysis is “buyer beware”. For those looking to impress at cocktail parties, the specific […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-11-2015
    Real Estate Related

  8. Canada has ‘tools’ for hot housing market says former Fed chair

    Steve RandallOther The former chairman of the Federal Reserve says that Canada has some tools to cope with the hot housing market, something that was not the case in the US housing crash. Ben Bernanke, while talking at an event organised by the Globe and Mail, said that “Canada has made some progress” in areas […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-11-2015
    Real Estate Related

  9. Canada housing agency cites foreign buyer risk, to collect data

    Other “It’s clear that we need to capture more detailed information on foreign investment, to better inform the Canadian government and housing market participants,” Evan Siddall, chief executive officer of the Canada Mortgage & Housing Corp., said in the text of a speech delivered in Toronto Tuesday. “A lack of accurate and reliable data makes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 12-11-2015
    Real Estate Related

  10. Canada’s hottest market can expect another two years of price gains

    Ryan SmithOther Vancouver is already Canada’s most expensive housing market, and a new report suggests prices will continue to rise well ahead of the rate of inflation for the next two years. A report by Central1, an association for credit unions in British Columbia and Ontario, predicts that the median sale price of Greater Vancouver […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 12-11-2015
    Real Estate Related
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