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  1. Report highlights next year’s real estate trends

    Neil SharmaCanadian Real Estate Wealth Housing affordability continues to dominate the conversation in the Greater Toronto Area’s housing market. A new report released by the Urban Land Institute in conjunction with PwC, called Emerging Trends in Real Estate described governmental regulation as likely to exacerbate the affordability problem. The laws of supply and demand lie […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-10-2017
    Real Estate Related

  2. Viridian 3618 150th Street Surrey 57 townhomes by Portrait Homes

    Quality on offer at Viridian ? Portrait Homes? 57-unit townhome development in South Surrey Simon Brault The Vancouver Sun Viridian Project location: 3618 150th St., Surrey Project scope: 57 homes, 2-3 bedrooms, 2,226 – 2,486 sq. ft. Prices: Between $919,900 and $1,158,200. Developer: Portrait Homes Ltd. Architect: Burrowes Huggins Architects Interior designer: 13 Design Group Sales […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-10-2017
    Real Estate Related

  3. Canadian housing market still highly vulnerable says CMHC

    Steve RandallCanadian Real Estate Wealth Moderate overvaluation and price acceleration continue to concern the CMHC which said Thursday that the Canadian housing market remains “highly vulnerable”. In two reports, the agency said that construction is set to slow down by 2019 after a boost in 2017, but the level will remain close to the average […]

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

  4. Last week’s OSFI Mortgage Rule Announcement has an impact, but not enormously dramatic.

    David Fordother Whenever OSFI is “considering” anything, it’s happening. Let’s be very alert not to hit the panic button. All this change does is level the playing field between qualifying for a Variable Rate and qualifying for a Fixed Rate Mortgage. Three years ago, OSFI passed legislation that anyone choosing a 4 Year Fixed Rate […]

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

  5. Stress Test – Government adds new qualifying requirements for uninsured mortgages

    OSFI is reinforcing a strong and prudent regulatory regime for residential mortgage underwriting other Effective January 1, 2018, home buyers who don’t require mortgage insurance — those with a down payment of 20 per cent or more — must qualify for their mortgage at a higher rate This new stress test won’t apply to people […]

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

  6. 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
    26-10-2017
    Real Estate Related

  7. 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
    26-10-2017
    Real Estate Related

  8. 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
    26-10-2017
    Strata Information

  9. 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
    26-10-2017
    Real Estate Related

  10. 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
    25-10-2017
    Real Estate Related

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