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  1. Canadian home sales surge in December, but market troubles imminent

    Ephraim VecinaCanadian Real Estate Wealth Sales of homes across Canada rallied by 2.2 per cent month-over-month in December after November transactions suffered some weakness in the wake of stricter mortgage rules, according to a new report from the Canadian Real Estate Association. Home prices also went up by 3.5 per cent year-over-year in the same month, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2017
    Real Estate Related

  2. Genworth follows CMHC with MI premium hike

    Steve RandallREP Canada’s largest private mortgage insurer is increasing its premiums, following a hike by CMHC. Genworth says that the change is not expected to have a significant impact on homeowners with a 5 per cent downpayment on a $300,000 mortgage rising by $6 per month. The increase in that example would be from 3.6 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2017
    Real Estate Related

  3. Genworth follows CMHC with MI premium hike

    Steve RandallREP Canada’s largest private mortgage insurer is increasing its premiums, following a hike by CMHC. Genworth says that the change is not expected to have a significant impact on homeowners with a 5 per cent downpayment on a $300,000 mortgage rising by $6 per month. The increase in that example would be from 3.6 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2017
    Real Estate Related

  4. Price growth showing no signs of halting anytime soon – report

    Ephraim VecinaCanadian Real Estate Wealth According to a report from one of the country’s leading brokerages, Canadian residential real estate markets saw a 13.0 per cent year-over-year increase (up to $558,153) in Q4 2016—the greatest such appreciation in over a decade. Royal LePage announced in its latest National House Price Composite that the average sale […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2017
    Real Estate Related

  5. Overheated markets fertile ground for fraud

    Ephraim VecinaREP In its latest study, Equifax Inc. revealed that the incidence of mortgage fraud in Canada has risen along with the runaway prices in the country’s hottest real estate markets. The credit reporting agency stated that the number of potentially dishonest mortgage applications has grown by 52 per cent over the past 4 years. Many […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2017
    Real Estate Related

  6. Mortgage insurance premiums hiked once again

    Canadian Real Estate Wealth CMHC announced early Tuesday it is increasing its loan insurance premiums effective March 17. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” said Steven Mennill, Senior Vice-President, Insurance. “Overall, the changes will preserve competition in the mortgage loan […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2017
    Real Estate Related

  7. Pressure on GTA renters intensifies

    Canadian Real Estate Wealth   Those hoping to become first-time buyers in the Greater Toronto Area are under increasing pressure as soaring rents make saving for a downpayment tougher. Urbanation says that the average condo rents in the last three months of 2016 rose 11.7 per cent compared to a year earlier with renters paying […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2017
    Real Estate Related

  8. Atlas Group – Canada’s Top Real Estate Data Provider going into property tax consulting

    Aims to become the largest supplier of real estate information in world KATIA DMITRIEVA The Vancouver Sun Altus Group Ltd. plans to double its revenue to about C$800 million ($608 million) in the next five years as the Canadian real estate data provider expands further into property-tax consulting with acquisitions in the U.S. and U.K. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-01-2017
    Real Estate Related

  9. Essilor to Buy Ray-Ban Maker Luxottica for About $24 Billion

    $24B deal creates global giant in lenses, frames, eyeglasses Thomas Mulier and Dan Liefgreen The Vancouver Sun French lensmaker Essilor International SA agreed to buy Luxottica Group SpA, the maker of Ray-Ban sunglasses, for about 22.8 billion euros ($24 billion) in stock, combining the largest manufacturer and retailer in eyewear. Leonardo Del Vecchio, who created Luxottica […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-01-2017
    Other News Articles

  10. Altus Group – Canada’s Top Real Estate Data Provider going into property tax consulting

    Aims to become the largest supplier of real estate information in world KATIA DMITRIEVA The Vancouver Sun Altus Group Ltd. plans to double its revenue to about C$800 million ($608 million) in the next five years as the Canadian real estate data provider expands further into property-tax consulting with acquisitions in the U.S. and U.K. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-01-2017
    Technology Related Articles

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