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  1. Bank of Canada keeps key rate on hold on souring NAFTA talks, high household debt levels

    BoC keeps key rate on hold amid fears over strained NAFTA talks, rising debt Jesse Snyder The Vancouver Sun The Bank of Canada’s decision on Wednesday to maintain its current overnight rate is led by fears over high household debts and souring negotiations around the North American Free Trade Agreement, both of which could restrict […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-10-2017
    Real Estate Related

  2. Crimson at Cloverdale Village: Historical setting meets modern living

    Development reflects old-world charm yet built according to 21st century standards ROBIN BRUNETThe Province The new Crimson at Cloverdale Village townhome project by RDG Management Ltd. is aptly being described as “small-town charm, modern living”; this also could apply to the historic Surrey village, which is currently enjoying a renaissance. Settled in the late 1880s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-10-2017
    Real Estate Related

  3. Strata council should review all decisions

    Manager, council at odds over contracts Tony GioventuThe Province Dear Tony:   Our strata council is having a power struggle with our strata manager.  We have had the same manager for six years and have been pleased with her service, but we have discovered a number of contracts that the manager has signed where the terms […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-10-2017
    Strata Information

  4. Green on Queensbury 707 – 747 East 3rd Street North Vancouver 164 condos and townhomes in 3 four storey buildings by Qualex-landmark

    North Vancouver’s Green on Queensbury to take its place overlooking five acres of parkland Mary Frances HillThe Province Green on Queensbury What:164 one-, two- and three-bedroom condominiums and townhomes in three four-storey buildings overlooking five acres of parkland Where: 707 — 747 East 3rd St., North Vancouver Residence sizes and prices:  Remaining one-bedroom units, 775 — 795 sq. ft., from $620,000s; two-bedroom […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-10-2017
    Real Estate Related

  5. Vancouver downtown office vacancies at 4-year low

    Steve RandallREP New figures reveal that the office inventory in Downtown Vancouver is at its lowest rate since the second quarter of 2013. CBRE says that the vacancy rate in the third quarter of 2017 was just 5%, the second lowest in North America, and half of the rate at the start of 2016. “The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-10-2017
    Real Estate Related

  6. Interest rates held, economists react to dovish BoC

    Steve RandallCanadian Real Estate Wealth The Bank of Canada held interest rates steady at 1% and signalled a cautious approach to future rate rises. The bank is forecasting a continued rise in inflation, reaching 2% in the second half of 2018 and for the economy to grow at above-potential with 3.1% for this year, 2.1% […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-10-2017
    Real Estate Related

  7. CRA analyzing nearly 3,000 condo flipping cases in Toronto

    Ephraim VecinaMortgage Broker News The Canada Revenue Agency is analyzing 2,810 transactions involving cases of pre-construction condominium flipping in Toronto to determine whether audits need to be carried out to find tax evaders. In the Toronto area, audit work has picked up accelerated on what are called “assignment sales” or “shadow flipping”, in which a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-10-2017
    Real Estate Related

  8. Bank of Canada holds rate, suggests more hikes likely at more cautious pace

    Andy BlatchfordREP The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes, but suggested future increases are still likely, albeit at a more-gradual pace. In its scheduled announcement, the central bank said it held off this time in part because it expects the recent strength of the Canadian dollar to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-10-2017
    Real Estate Related

  9. Home ownership rates take historic dip as more Canadians opt to rent

    Jordan PressCanadian Real Estate Wealth Not everyone wants to own a home these days, Evan Siddall concedes, not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that’s really saying something. But Siddall’s experience is far from uncommon, the latest census figures show: 30-year-old Canadians are less likely to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-10-2017
    Real Estate Related

  10. Western Canadian commercial real estate trends

    Neil SharmaCanadian Real Estate Wealth Greater Vancouver has seen a major drop in commercial sales over the last year, but not for lack of demand, as the supply is seriously constrained compared to last year’s available inventory, according to a report released by REMAX Commercial. There were 875 sales during Q2 last year, but only […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-10-2017
    Real Estate Related
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