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  1. Real Estate prices weigh on consumer confidence

    Steve RandallOther Concern that real estate prices are likely to slow in 2016 has led to a further drop in the weekly Canadian Consumer Confidence Index. The poll, by Bloomberg and Nanos Research saw a drop to 54.54 in the week ending Dec 24, from 55.03 in the previous week. “Of note, there has been […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-12-2015
    Real Estate Related

  2. Canadians remain optimistic about 2016

    Steve RandallOther As we prepare to enter a new year with oil prices still low, US interest rates rising and concern over the rate of global growth, it seems that most Canadians are remaining positive. A poll commissioned by Global News and conducted by Ipsos found that 53 per cent feel ‘good’ about the economy […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-12-2015
    Real Estate Related

  3. Drivers for purpose-built rentals include historically low cap rates, high demand from investors, low interest rates and low vacancy rates.

    Other Purpose-built rentals have been a hot topic in the media lately and a big topic of conversation amongst industry professionals in Canadian cities across the country. Drivers for these purpose-built rentals include historically low cap rates, high demand from investors, low interest rates and vacancy rates as low as 0.6% in Guelph, 1.2% in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-12-2015
    Real Estate Related

  4. Utilizing the RE/MAX 2016 Housing Market Outlook Report

    Other Highlights of this year’s report: The RE/MAX 2016 price projection for the average residential sale price is 2.5%, based on continued demand in Greater Vancouver and the Greater Toronto Area Many regions in Canada posted year-over-year gains in average residential sale price. The exceptions were primarily regions that rely heavily on the oil and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-12-2015
    Real Estate Related

  5. Canada realtor marketing homes directly to Chinese buyers

    Ryan SmithOther Last month, Canadian Mortgage and Housing Corp. chief executive Evan Siddall said that foreign buyers might be responsible for a “substantial portion” of luxury home purchases in Canada’s hottest markets. And a study found that as many as 70% of buyers of single-family homes on Vancouver’s West Side were likely from mainland China. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-12-2015
    Real Estate Related

  6. November Home Sales Second Strongest on Record

    Other The British Columbia Real Estate Association (BCREA) reports that a total of 8,032 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 34.5 per cent from the same month last year. Total sales dollar volume was $5.38 billion, up 56.4 per cent compared to the previous year. The average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-12-2015
    Real Estate Related

  7. Home Sales Across BC Up 34.5% in 2015?s Super-November: BCREA

    With transactions and average prices both rising, sales dollar volume is up 56.4 per cent year over year, says association Joannah ConnollyOther As in Greater Vancouver and the Fraser Valley, BC home sales saw the second strongest November on record, according to a BC Real Estate Association report issued December 14. There were 8,032 residential […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-12-2015
    Real Estate Related

  8. Minimum Down Payment by Home Purchase Price: Existing and New Eligibility Rules

    Recent Actions by Minister of Finance Aimed at Responsible Homeownership Other TORONTO, Dec. 11, 2015 /CNW/ – The Minister of Finance announced today a change to the eligibility rules for new government-backed insured mortgages on properties priced above $500,000. Effective February 15, 2016, the minimum down payment for new insured mortgages will be increased from 5 per […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 10-12-2015
    Real Estate Related

  9. Finance minister announces down payment rule changes for mortgages house price above $500,000

    Justin da RosaOther New down payment rules will go into effective February 15, 2016. “The Government’s role in housing is to set and maintain a framework that is equitable, stable and sustainable. The actions taken today prudently address emerging vulnerabilities in certain housing markets, while not overburdening other regions,” Finance Minister Bill Morneau said in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 10-12-2015
    Real Estate Related

  10. BCREA Mortgage Rate Forecast

    BCREAOther Download Document

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 10-12-2015
    Real Estate Related
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