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  1. B.C. home sales volume to decline in 2018

    Ephraim VecinaCanadian Real Estate Wealth The British Columbia Real Estate Association predicted continued cooling of the provincial housing market in 2018, but it cautioned would-be home buyers that prices likely won’t soften. The association has released its 2017 Fourth Quarter Housing Forecast showing an expected 8.8% decrease in residential sales across the province this year […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2017
    Real Estate Related

  2. Agent and broker advice will be crucial in 2018

    Neil SharmaREP A new REMAX survey revealed most Canadians are in the dark about the looming mortgage lending rules, but that doesn’t mean they have to be left behind when they’re ready to buy. Christopher Alexander, regional director at REMAX Integra, says advising clients about their options will be paramount to helping people find homes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2017
    Real Estate Related

  3. CMHC insurance in force falls $28 billion from a year ago

    Steve RandallCanadian Real Estate Wealth The mortgage regulations implemented in the fourth quarter of 2016 have led to a large decrease in insurance-in-force at CMHC. The agency released its annual report Wednesday which shows it provided mortgage loan insurance for 189,000 new units in 2017 up to the end of the third quarter, 63,500 of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2017
    Real Estate Related

  4. Vancouver developers fear ‘alarming’ land prices hinder profit

    Some newly completed condos are selling for less than the pre-sale price paid during construction Frank O’Brien Vancouver Courier Vancouver developer and architect Michael Geller warns that land has been selling at such high prices that some condo developers — and new condo buyers — fear they won’t be able to profit on the final product. “I […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2017
    Real Estate Related

  5. Vancouver council approves ‘bold, ambitious’ 10-year housing strategy

    City council approves 10-year housing strategy after lengthy debate Dan Fumano/Nick Eagland The Vancouver Sun After hearing from dozens of speakers throughout the day and following a lengthy — and at-times heated — debate, Vancouver city council voted late Wednesday to adopt a new major housing strategy. The 10-year Housing Vancouver strategy, more than a year […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2017
    Real Estate Related

  6. Considerable implications where easements are concerned

    Consider easements? implications Tony GioventuThe Province Dear Tony: The property next to our strata corporation has been sold and a new development is about to start construction. Our building is a relatively new highrise with 10 townhouses with a large underground parking garage. Our strata council has been approached by both the city and the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2017
    Strata Information

  7. Elenore on Fifth 58 homes in an 8 level terraced building at 2106 Main Street by Card Development

    Elenore on Fifth a standout in Mount Pleasant Mary Frances HillThe Province Elenore on Fifth What: 58 homes featuring steeped terraces that offer views of the North Shore mountains and downtown Vancouver Where: 2106 Main St., Vancouver Developer and builder: Chard Development Ltd. Residence sizes and prices: One, two and three bedrooms, 476 – 1,635 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2017
    Real Estate Related

  8. New initiative to boost purpose built rental development

    Justin da RosaCanadian Real Estate Wealth Ontario is encouraging developers to build purpose-built rental housing by offering millions in rebates. The province is offering rebates for development charges on new, purpose built rental housing, it announced Wednesday. “We believe everyone deserves a place they can call home. Building more rental housing not only helps individuals […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-11-2017
    Real Estate Related

  9. BoC flags risk from low-ratio mortgage loans

    Bank of Canada has released its assessment of the financial system Steve RandallCanadian Real Estate Wealth The Bank of Canada has released its latest assessment of the financial system and has once again highlighted risk from mortgages. While the overall tone of the report is positive – “Our financial system continues to be resilient, and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-11-2017
    Real Estate Related

  10. BC Home Sales Forecast to Decline Again Next Year

    Tougher mortgage environment creating ?headwinds? that could further reduce buying activity and dampen price rises, says BCREA Joannah ConnollyREW Rising interest rates and a tough mortgage stress test will combine to reduce home sales in the province next year, according to a forecast issued November 28 by the BC Real Estate Association (BCREA). The association […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-11-2017
    Real Estate Related
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