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  1. Vancouver housing market sees risk rating jump to ‘high': CMHC

    Canada’s national housing agency says evidence of problematic conditions in the country’s real estate market as a whole has risen from weak to moderate, with Vancouver’s risk rating boosted to high. The Vancouver Sun TORONTO — Canada’s national housing agency says evidence of problematic conditions in the country’s real estate market as a whole has risen […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-07-2016
    Real Estate Related

  2. Foreign buyers in Metro Vancouver twice as high as previously thought

    Rob Shaw The Province The number of foreign purchases in Metro Vancouver’s housing market is twice as high as previously thought, according to new numbers released Tuesday by the government. The figures released by Finance Minister Mike de Jong showed approximately 10 per cent of the total value of residences bought in Metro Vancouver was by foreign citizens in the five-week period between June 10 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-07-2016
    Real Estate Related

  3. Condo ‘presales’ could be left in chaos by new B.C. tax, industry warns

    Susan Lazaruk & Rob Shaw The Province B.C.’s new tax for foreign buyers could end up causing a “huge mess” that hurts Canadian property owners if the province doesn’t exempt soon-to-close contracts and condo “presale” agreements, real estate insiders say. The tax, announced Monday by the B.C. government, imposes an additional 15 per cent property transfer tax […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-07-2016
    Real Estate Related

  4. Lenders prepare for 50 per cent correction in Vancouver prices

    Steve RandallMortgage Broker News It’s unlikely to happen, but some of Canada’s largest mortgage lenders have been told to prepare for some seriously scary drops in home prices. The Office of the Superintendent of Financial Institutions has told Canada’s banks that they should stress test for a 50 per cent decline in home prices in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-07-2016
    Real Estate Related

  5. Sun commercial and Ex realtor Julia LAU being investigated in a $500M scandal

    Chinese tycoon allegedly at the centre of $0.5B in B.C property deals Ephraim Vecina Mortgage Broker News   A Chinese property tycoon who supposedly left the mainland in connection with a banking scandal (involving allegedly irregular loans discovered via a nationwide audit) is said to be at the centre of more than half a billion […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-07-2016
    Real Estate Related

  6. Clarification on the foreign buyer tax

    additional Property Transfer Tax on Residential Property Transfers to Foreign Entities in the Greater Vancouver Regional district other Download Document

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-07-2016
    Real Estate Related

  7. B.C. adds 15 percent foreign buyers tax to insulate Metro real estate

    Premier unveils foreign buyers tax on Metro Vancouver real estate ? ROB SHAWThe Vancouver Sun A foreign buyers tax introduced in a surprise move by the B.C. Liberal government on Monday may cool the high end of Metro Vancouver’s red hot real estate market, even if it contains several potential loopholes and unintended consequences, experts […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-07-2016
    Real Estate Related

  8. B.C. Liberals unveil a surprise 15-per-cent tax on foreign home buyers in Metro

    Premier?s announcement of foreign-buyers tax about-face from previous position on the issue Michael SmythThe Province In a hyper-inflated housing market fuelled partly by quick-buck property flippers, the biggest flip of all came Monday from Premier Christy Clark. A big flip-flop, that is, after the Clark government brought in a surprise 15-per-cent tax on foreign home […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-07-2016
    Real Estate Related

  9. Premier unveils plan to tax foreign real-estate buyers an extra 15 per cent

    B.C. Premier Christy Clark has unveiled her government’s proposed new legislation aimed at reining in housing costs Rob Shaw The Province  Foreign buyers of Metro Vancouver real estate will be taxed an additional 15 per cent, the government announced Monday in new legislation. The tax would increase the property transfer tax on non-Canadian citizens purchasing homes. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-07-2016
    Real Estate Related

  10. FRAUD PROBE LINKED TO TYCOON AT CENTRE OF $500M+

    Mysterious wheeler-dealer is at centre of a web of B.C. real estate deals Sam Cooper The Province A Chinese property tycoon linked to a massive banking scandal in China’s industrial north is at the centre of more than $500 million in B.C. property deals, a joint investigation by Postmedia and global due diligence firm IPSA […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-07-2016
    Real Estate Related

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