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  1. 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
    25-10-2017
    Real Estate Related

  2. 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
    25-10-2017
    Real Estate Related

  3. 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
    24-10-2017
    Real Estate Related

  4. 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
    24-10-2017
    Real Estate Related

  5. 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
    23-10-2017
    Real Estate Related

  6. Why longer amortization may start trending

    Steve RandallREP When the new tighter restrictions on mortgage lending come into effect in just over two months they could spark a new trend – longer amortizations. With OSFI’s stress test requiring borrowers of uninsured mortgages to prove they can afford payments 2% above their contract rate, fewer people will qualify. However, switching to a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-10-2017
    Real Estate Related

  7. Home inspections are one of the most important facets of buying and selling homes

    Home inspections save money Neil SharmaCanadian Real Estate Wealth Home inspections are one of the most important facets of buying and selling homes, but, unfortunately, they’re often overlooked. Such has been the case during Toronto’s bidding war frenzy over the last few years, during which prospective buyers forfeited their right to a home inspection for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-10-2017
    Real Estate Related

  8. Powered by solar energy the ARKUPP livable yacht is environmentally friendly

    Ride out climate change and rising waters in your ARKUP floating home Lloyd Alterother TreeHugger is all about sustainable design, so what’s not to love about the new ARKUP livable yacht? The designers claim that it is “environmentally friendly, powered by solar energy, no fuel, zero emission, equipped with waste management, rainwater harvesting and purification […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-10-2017
    Other News Articles

  9. Headwaters Club 15436 31st Avenue Surrey 88 homes in a 4 storey building by Lakewood homes

    Development situated close to amenities and transit, yet tucked away in a forested enclave ROBIN BRUNETThe Vancouver Sun The advantage of purchasing a new condominium in a region such as South Surrey is affordability without sacrificing convenience; but the downside is that too many times, the condos are squeezed shoulder-to-shoulder with other condo developments and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2017
    Real Estate Related

  10. Evolv35 312 Moody Avenue North Vancouver 35 four bedroom townhomes by Guildford Brook Estates

    Evolv35 townhomes incorporate a feature that’s anything but ordinary: the ‘lock-off suite’ Michael Bernard The Vancouver Sun An artist’s rendering of Evolv35, a project from Guildford Brook Estates Developments in North Vancouver. [PNG Merlin Archive] PNG An artist?s rendering of Evolv35, a project from Guildford Brook Estates in North Vancouver. PNG Kitchens at Evolv35 will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2017
    Real Estate Related

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