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  1. Richmond firm New Coast Realty fined by Real Estate Council for unlicensed services

    New Coast Realty fined for unlicensed services SAM COOPERThe Vancouver Sun New Coast Realty, a fast-growing Richmond-based real estate firm, has been fined $7,500 by B.C.’s Real Estate Council two years after an auditor discovered that the company’s director and other staff were involved in unlicensed services. A September, 2016, Real Estate Council consent order states that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-12-2016
    Real Estate Related

  2. CMHC: Foreign buyers are not the problem

    Ephraim Vecina Mortgage Broker News Citing recently collected data, the Canada Mortgage and Housing Corporation announced on Wednesday (November 30) that foreigners represented only a miniscule segment of home owners in the country’s most active markets, and thus could not be considered as the main driver of the outsized price growth in the Canadian real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Real Estate Related

  3. CMHC: Foreign buyers are not the problem

    Ephraim Vecina Mortgage Broker News Citing recently collected data, the Canada Mortgage and Housing Corporation announced on Wednesday (November 30) that foreigners represented only a miniscule segment of home owners in the country’s most active markets, and thus could not be considered as the main driver of the outsized price growth in the Canadian real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Real Estate Related

  4. More data on foreign ownership sorely needed ? analyst

    Ephraim Vecina Mortgage Broker News The latest numbers from the Canada Mortgage and Housing Corporation support its CEO’s recent assertion that foreign ownership plays only a minor role in the record-breaking price increases in the country’s three hottest real estate markets, but an analyst stated that massive gaps in data still need to be addressed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Real Estate Related

  5. Foreign buyers double in month in Victoria-area housing market

    Lindsay KinesThe Vancouver Sun VICTORIA — Housing sales to foreign buyers more than doubled in Greater Victoria from September to October, prompting the B.C. government to increase its scrutiny of the region’s real estate market. The latest statistics show foreign nationals involved in 55 sales in October compared with 27 the previous month, while their share […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Real Estate Related

  6. New tribunal aims to streamline resolutions for strata disputes

    Tribunal to help resolve strata disputes Tony GioventuThe Province “How do we get our council to….” This is the opening line to the many thousands of emails and letters our offices receive every month. Ever since the first strata was filed in B.C. back in the mid 1960s, strata councils, owners, tenants and occupants have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Strata Information

  7. Allwood Place 2800 Allwood Street Abbotsford 224 townhomes phase one has 32 homes by The Onni Group

    Shapes provide building blocks for decor of Onni Group?s townhomes in Abbotsford Mary Frances HillThe Province Allwood Place Where: 2800 Allwood St., Abbotsford What: A master-planned community of 224 townhomes, with the first phase of 32 two- and three-bedroom townhomes Residence sizes and prices: Starting from $389,900 for homes ranging from 1,155 to 1,300 square feet Developer and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Real Estate Related

  8. Forecasts and foreclosures: What does newest Metro Vancouver real estate prediction mean?

    Dan Fumano & Joanne Lee-Young The Province When home prices are on the rise, there are few foreclosures. Owners not able to make mortgage payments can easily sell or refinance to get themselves out of a bind. When prices fall, however, it’s a different story. “Any drop in prices can lead to an increase in people defaulting […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Real Estate Related

  9. 6 ways safety influences Chinese when investing abroad

    Chinese buyers will put an estimated $220 billion into overseas property by 2025 Juwaiother However, while education, emigration, and lifestyle opportunities are driving property sales abroad, Chinese buyers put safety at the top of their agenda when making a purchase. Safety is a multi-faceted concept for Chinese investors that covers a whole range of factors, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Real Estate Related

  10. Foreign ownership still low says CMHC

    Steve RandallREP The share of foreign ownership of Canadian condos remains low, CMHC says, with Toronto at 2.3 per cent and Vancouver at 2.2 per cent; both markets saw a lower share than 2015. “Foreign ownership is just one factor influencing Canada’s housing markets – but it’s an important one that continues to gain attention,” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2016
    Real Estate Related

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