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  1. Decline in luxury sales pulls down Vancouver value?think tank

    A downturn in transactions has taken effect on the real estate market Ephraim VecinaMortgage Broker News A sharp downturn in transactions in Vancouver’s luxury housing segment has led to a decline in the value of the city’s real estate, according to a fresh report. In its latest announcement, the Conference Board of Canada revealed that the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-09-2016
    Real Estate Related

  2. Landmark West End hotel likely to be demolished to make way for condo development

    Vancouver’s Empire Landmark hotel facing demolition John MackieThe Vancouver Sun The Empire Landmark hotel has been a West End icon since it went up in 1973. It’s tall (42 storeys, 120 metres), thin, and has a nifty revolving restaurant/bar on top that offers breathtaking views. But it also sits on a full block in the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-09-2016
    Real Estate Related

  3. Regulator Tightens Capital Rules for Canada Mortgage Insurers

    CMHC, Genworth and Canada Guaranty Mortgage Insurance Co. are in the forfront Theophilos ArgitisMortgage Broker News Canada’s financial services regulator released new draft capital requirements for federally regulated mortgage insurers to better reflect growing risks in the country’s housing markets. The Office of the Superintendent of Financial Institutions said Friday the new requirements, which will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2016
    Real Estate Related

  4. Foreign Purchases of Local Homes Hit Brakes after Tax Introduction: New Data

    New figures from BC finance ministry reveal flood of sales to foreign buyers in week between tax announcement and implementation, then a hard stop in August Joannah Connolly REW The new 15 per cent additional Property Transfer Tax on sales of Metro Vancouver homes by foreign nationals has caused those buyers to hold off  purchasing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2016
    Real Estate Related

  5. Cascade at the Pier ? Cascade West (175 Victory Ship Way) Cascade East (185 Victory Ship Way) a total of 201 homes by Pinnacle International

    Big outlooks on offer at Cascade at the Pier Simon BriaultThe Vancouver Sun Cascade at the Pier Project location: Cascade West (175 Victory Ship Way) and Cascade East (185 Victory Ship Way) Project size: 201 homes, 1,2, 2 plus den, 3, 3 plus den, 625 to 3,050 square feet, $629,900 to $6,000,000 Developer: Pinnacle International                                     […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2016
    Real Estate Related

  6. Virtuoso at 3581 Ross Drive 106 homes by developer Adera Developments

    UBC-AREA DEVELOPMENT: Neutral interiors provide backdrop to Virtuoso?s surroundings Mary Frances HillThe Province Virtuoso What: 106 one- to three-bedroom homes Where: 3581 Ross Drive, Vancouver Residence sizes and prices: 775 — 1,591 sq. ft., from the mid-$700,000 range Developer and builder: Adera Development Corporation Sales centre: 118 – 6033 Gray Avenue, Vancouver Hours: noon — […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2016
    Real Estate Related

  7. West Vancouver wins ‘locals first’ sales plan from condo developer

    Joanne Lee-YoungThe Province Prices for proposed Westbank Corp. condos in Horseshoe Bay are dropping by more than 25 per cent on average at the same time as the Vancouver-based developer adopts a “locals first” policy that will initially sell only to buyers who live, work or own businesses in West Vancouver.  Earlier this week, the company got initial rezoning […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2016
    Real Estate Related

  8. New sales figures show dramatic drop after B.C. foreign buyer tax

    An almost total collapse in foreign buyers since August Rob Shaw The Province The number of foreign buyers purchasing real estate in British Columbia dramatically dropped after the government instituted a 15 per cent foreign buyer tax on Aug. 2, new figures show. The Ministry of Finance figures show an almost total collapse in the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2016
    Real Estate Related

  9. B.C.-esque tax in Toronto would be disastrous – lawyer

    Ephraim VecinaMortgage Broker News A foreign buyers’ tax similar to that implemented by the British Columbia government would prove fatal to the Toronto housing market, a renowned real estate lawyer cautioned. “So much of [Toronto’s real estate] is owned by foreign owners, and we welcome their investments,” Toronto-based law practitioner Bob Aaron told CBC News. “It’s important […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2016
    Real Estate Related

  10. B.C. numbers show drops in foreign property buyers since targeted tax

    The foreign buyers tax has resulted in a massive decline in foreign purchases REP VICTORIA _ Property purchase data released today by British Columbia’s Finance Ministry indicates a stampede by prospective foreign buyers to avoid paying a 15 per cent tax in the days before the Aug. 2 deadline. But the numbers also reveal the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2016
    Real Estate Related

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