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  1. Federal tax agency takes developers to court over purchase contract assignments

    Ephraim VecinaMortgage Broker News After successfully bringing the companies behind Vancouver’s Marine Gateway and the Residences at West to court last July, the Canada Revenue Agency has obtained court orders against Westbank of the Telus Garden development and Concord Pacific of the One Pacific project. The cases are part of the CRA’s pursuit for more […]

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

  2. Mortgage carrying costs to rise 8% for new buyers says Scotiabank

    Steve RandallCanadian Real Estate Wealth Home affordability for first-time buyers is set to take another hit in the coming months as rising prices are exacerbated by rising mortgage costs. In its latest economic forecast, Scotiabank calls for an 8% rise in mortgage carrying costs for new buyers in 2018 with an additional 4% rise in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-10-2017
    Real Estate Related

  3. Second + Main 180 East 2nd Avenue 223 homes from 479 to 999 square feet in a 12 storey building by Create Properties

    Project from Create Properties has been attracting more than a little interest Simon Briault The Vancouver Sun Second + Main Project location: 180 East 2nd Ave., Vancouver Project size: 233 homes ranging in size from 479 to 999 square feet and price between the mid-$500,000s and $1.5 million. Home styles: studios, one-bedrooms, Micro 2 suites, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2017
    Real Estate Related

  4. Future of historic Gastown may include a car-free Water Street

    Scott Brown The Vancouver Sun A proposal to restrict vehicle traffic and turn Water Street into a “pedestrian priority” roadway is one of the ideas the city of Vancouver is hoping to get feedback on as it opens public consultation on a planned “major rehabilitation” of Gastown. The city aims to learn as much as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2017
    Real Estate Related

  5. Vancouver’s mayor makes move to give locals first crack at condo pre-sales

    Mayor moves to offer locals first crack at condo pre-sales Scott Brown The Vancouver Sun Mayor Gregor Robertson will introduce a motion at the next meeting of city council (Oct. 17) that he hopes will stop real estate developers from offering out-of-province buyers first-crack at condo pre-sale opportunities in Vancouver. In a statement released on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2017
    Real Estate Related

  6. Apartments and townhouses push Vancouver activity above historical averages

    Ephraim VecinaCanadian Real Estate Wealth Residential property sales in the Greater Vancouver area shot up by 25.2% on a year-over-year basis last month, a development that the region’s real estate board attributed to the sustained strength of the apartment and townhouse segments. In its latest report, the Real Estate Board of Greater Vancouver (REBGV) stated […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-10-2017
    Real Estate Related

  7. Industry reacts to Ontario proposals on multiple representation

    Steve RandallREP The Ontario government has announced proposals to strengthen consumer protection for real estate transactions and two industry bodies have been quick to commend the move. The government announcement – which was expected following the Fair Housing Plan published earlier in the year and a consultation over the summer – says that if passed, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-10-2017
    Real Estate Related

  8. The Grande 300 Morrissey Road Port Moody 220 homes in a 26 storey tower by Onni Group

    The Grande a merging of the contemporary and the timeless Mary Frances HillThe Province The Grande Where: 300 Morrissey Road, Port Moody What: 26-storey tower with 220 homes in the Suter Brook Village community Developer and builder: Onni Group Residence sizes and prices: 1, 2 and 3 bedrooms, 600 — 2,100 sq. ft., up to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-10-2017
    Real Estate Related

  9. Toronto area sees 35 per cent drop in home sales from year ago: real estate board

    REP Home sales in the Greater Toronto Area were down 35 per cent in September compared with the same month last year, although prices generally continued to increase. The Toronto Real Estate Board says sales of all major types of residential property were down but the biggest decline was a 40.4 per cent drop in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-10-2017
    Real Estate Related

  10. Stricter mortgage rules could be in place by January

    Steve RandallREP By the end of October we should have a clear idea of proposed changes to mortgage lending regulations with updated B-20 rules implemented within two to three months. Speaking at an event in Toronto, OSFI superintendent Jeremy Rudin said Tuesday that much of what will become the updated regulations will be what the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-10-2017
    Real Estate Related

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