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  1. RBC sees ?low probability? of housing crash despite condo concerns

    Steve RandallOther Despite concern that overbuilding of condos could pose a risk to the housing market, especially in Calgary; the Royal Bank of Canada says that the probability of a nationwide downturn in the housing market is low. In its latest health check RBC says that in the near term there are downside risks for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-05-2016
    Real Estate Related

  2. Prospects of trading up hampered by limited supply ? TD

    Ephraim VecinaOther The severe lack of entry-level homes in Canada’s most overheated markets is harming the prospects of not just first-time buyers but also growing families who need to upgrade their dwellings, according to TD Economics. In an article for the Financial Post, capital markets reporter John Shmuel quoted TD officials as saying that “buyer […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-05-2016
    Real Estate Related

  3. CMHC releases Q1 results

    The Crown Corporation announced its quarterly results Monday. Justin da RosaOther “The first quarter of 2016 saw us provide mortgage loan insurance to 83,000 homebuyers across the country, deliver $589 million through our assisted housing programs and guarantee $21.8 billion in new securities,” Brian Naish, CMHC CFO, said. “Each of these outcomes contributes to our […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-05-2016
    Real Estate Related

  4. Entry-level homeowners face ‘buyer’s gridlock’ when upgrading in Toronto, Vancouver, TD says

    Hot markets risk making gap between starter homes and trade-up places impossible to breach Other Home buyers trying to move up from their entry-level dwellings face a form of gridlock in the red hot markets of Toronto and Vancouver that risk confining them to condos, TD Bank says. In a commentary released Friday, Beata Caranci […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-05-2016
    Real Estate Related

  5. It now takes 23 years to save for a downpayment in Vancouver

    Steve RandallOther Buying a home in Vancouver has never been more expensive and a new report shows that to save for a downpayment now takes almost a quarter of a century! The report, from Generation Squeeze, reveals that buying an average home will mean 12 years of saving for a downpayment nationally but in Toronto […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-05-2016
    Real Estate Related

  6. Bank of Canada Interest Rate Announcement

    BCREAOther The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank cited that inflation and economic growth were evolving roughly in-line with expectations, though household vulnerability to economic shocks has moved higher due to high debt burdens.The Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-05-2016
    Real Estate Related

  7. Governments must clamp down on foreign buyers

    Allen GarrVan. Courier If you consider the undeniable social and economic benefits of affordable housing and the resulting stability and health it provides a community such as ours, you must wonder why we allow this precious commodity to be sold to people who have no intention of living here. The real estate gold rush we […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-05-2016
    Real Estate Related

  8. 25% of luxury properties purchased by foreigners ? advisors

    Ephraim VecinaOther A recent survey by Royal LePage revealed that a significant proportion of real estate advisors in Canada’s metropolitan areas believe that approximately 25 per cent of the country’s luxury properties have been purchased by foreigners. Pointing at the intensified flow of overseas capital into the Canadian housing sector, around 60 per cent of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-05-2016
    Real Estate Related

  9. Agents argue over foreign tax suggestion

    Justin da RosaOther Real estate veteran stirs controversy with foreign homebuyer tax argument. “For quite some time also I have been saying that foreign Investors should be taxed at a much higher rate of land transfer tax, and if needed a higher capital gain taxes for non-residents; this does not mean absolutely to harm Canada, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-05-2016
    Real Estate Related

  10. Chinese interest in Australian real estate skyrockets

    CREOther As Australian financial institutions crack down on lending to foreign buyers it has been revealed that Chinese interest in Australian property skyrocketed during 2015. According to figures from Juwai.com, which markets international property to China, inquiries to real estate agents and property developers from Chinese buyers looking to purchase Australian residential real estate increased […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-05-2016
    Real Estate Related
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