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  1. Vancouver NOT Most Expensive Canadian City for First-Time Home Buyers: Study

    Price difference in Genworth Canada survey may be explained by Vancouver’s high proportion of condos bought as entry point into the market Joannah Connolly Other Despite being Canada’s most expensive real estate market in general, Vancouver was second to another major city in terms of how much first-time home buyers spend on a property, according […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-04-2015
    Real Estate Related

  2. Finance Minister Joe Oliver – No action needed on housing market

    Jordan MaxwellOther Finance Minister Joe Oliver got the bad news on the economy as he met with private sector economists to discuss Canada’s outlook in advance of the April 21 budget, according to an article in the Toronto Star. Oliver said the government has no intention at the moment of moving to cool off the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-04-2015
    Real Estate Related

  3. Troubling precedent for your pre-build clients

    Olivia D’OrazioOther A court decision coming last month could see some of your clients forfeit their rights as homeowners, making it less attractive for them to sell their property. An appeal case brought before the Ontario Divisional Court in March was eventually lost when a homeowner (the appellant) learned that her claim against the homebuilder’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-04-2015
    Real Estate Related

  4. Housing starts in this province were up 83%

    Jennifer PatersonOther Housing starts in one province have increased by 83 per cent year-over-year, according to new figures. In Ontario, the seasonally adjusted annual rates (SAAR) of urban starts were 4,485 in March 2015, a significant increase on the 2,456 urban starts in March 2014. Across the country, the SAAR of urban starts also increased […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 10-04-2015
    Real Estate Related

  5. Did Vancouver find the key to eliminating FSBOs?

    Olivia D’OrazioOther Agents in one market say they’ve hit a winning formula that keeps FSBO competitors at bay, if not cutting them out altogether. But is the remedy worse than the disease?   “In Vancouver, being a larger urban centre and with the demographics, (clients) don’t want to do a for-sale-by-owner,” says Brad Gannon, a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 10-04-2015
    Real Estate Related

  6. Permit values rise on more condos – but not in Toronto

    Olivia D’OrazioOther Increased construction intentions in some of Canada’s less populated provinces drove a boost to the value of building permits in February, Stats Can reports.   The value of residential building permits in February rose 1.5 per cent to $1.4 billion. That increase, which was led by gains in Quebec, British Columbia and Nova […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-04-2015
    Real Estate Related

  7. Land assembly sales sparking Vancouver real estate market

    Jordan MaxwellOther There is power in numbers and that’s translating into some landmark deals for sellers in the Vancouver real estate market — land assembly sales. According to Global News, as the city pro-actively rezones areas around the city’s main corridors allowing them to potentially be turned into higher occupancy buildings like town homes and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-04-2015
    Real Estate Related

  8. Who’s buying luxury homes? It may not be who you think #LesTwarog

    Jamie HenryOther Toronto homes: gone in just 20 days Homes are selling fast in Toronto, according to BMO economist Robert Kavcic. He says in a research note that last year’s average of 21 days, which was “already low,” has dropped again to 20 days. He contrasts this with the time taken to sell a home […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 08-04-2015
    Real Estate Related

  9. Boomers driving market for luxury housing

    Jordan MaxwellOther Canada’s luxury housing market is in the midst of a striking transfer of wealth, as baby boomers trade up for bigger houses while pouring huge sums into real estate for their children. “I don’t think you’ve ever had nearly as much help from one generation to the next in buying homes,” said Ross […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 07-04-2015
    Real Estate Related

  10. Boomers drive real estate market for luxury housing

    TAMSIN McMAHONOther Canada’s luxury housing market is in the midst of a striking transfer of wealth, as baby boomers trade up for bigger houses while pouring huge sums into real estate for their children. “I don’t think you’ve ever had nearly as much help from one generation to the next in buying homes,” said Ross […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 07-04-2015
    Real Estate Related
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