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  1. Three big banks raise prime lending rates following rate hike from Bank of Canada

    Canadian Real Estate Wealth Three of Canada’s biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank. Royal Bank of Canada (TSX:RY), the Bank of Montreal (TSX:BMO) and TD Bank (TSX:TD) all announced Wednesday they are increasing their prime rates to 2.95 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2017
    Real Estate Related

  2. BoC interest rate revealed

    Justin da RosaCanadian Real Estate Wealth The Central Bank raised its new target for the overnight rate to ¾% Wednesday, citing a confident financial outlook and above-potential growth. This despite softened inflation, which the bank judges to be temporary. “Governing Council judges that the current outlook warrants today’s withdrawal of some of the monetary policy […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2017
    Real Estate Related

  3. Stress tests are driving some to riskier lending says MPC

    Steve RandallCanadian Real Estate Wealth The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options. That’s the warning from Mortgage Professionals Canada which says that while the stress tests are a good idea they are based on a 4.64 per cent rate, far higher than […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2017
    Real Estate Related

  4. CMHC says annual pace of housing starts picked up in June

    Canadian Real Estate Wealth Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June. The seasonally adjusted annual rate of housing starts in June came in at 212,695 units, up from 194,955 units in May. Economists had expected tha annual rate to come in at 200,000, according […]

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

  5. Canadian luxury real estate market remains as active as ever

    Ephraim VecinaCanadian Real Estate Wealth In its latest analysis, real estate platform Point2 Homes has drawn out a list of the most expensive residential properties for sale in Canada, in what is shaping up to be proof that the luxury home segment is not slowing down any time soon. Using data culled from the Point2 […]

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

  6. RBC raises fixed-term mortgage rates

    Ephraim VecinaCanadian Real Estate Wealth Royal Bank of Canada has increased the interest rates on its fixed-term mortgage products. RBC’s mortgage rates were all boosted by 20 basis points, up to 2.54 per cent (two-year rate), while 2.64 per cent (three-year rate), and 2.84 per cent (five-year rate). Said rates are for products with amortization […]

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

  7. New high for Fraser Valley apartment sales

    Steve RandallCanadian Real Estate Wealth Overall home sales in the Fraser Valley area were down 10 per cent in June from a year earlier and 5 per cent from May with 2,571 sales. Apartment sales though hit a new high, representing 27 per cent of all sales by the Fraser Valley Real Estate Board’s members, […]

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

  8. Whistler community more than Whistler Village, skiing and mountain biking

    Resort community offers so much more than carousing, skiing and mountain biking Andrew McCredieThe Province If your idea of culture in Whistler is hooking up with German tourists at last call at Garfinkel’s for some late-night poutine and falafals, you clearly haven’t been to the four-season resort lately. True, the classic pub crawl still winds […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-07-2017
    Other News Articles

  9. Jasmine at The Gardens 10880 No.5 Road Richmond 23 townhomes by Townline Developments

    Townline?s Jasmine completes The Gardens Kathleen FreimondThe Vancouver Sun Jasmine at The Gardens Project address: 10880 No.5 Road Project City: Richmond Developer: Townline Architect: ZGF Cotter Architects Interior designer: i3 Design Project size: 23 two- and three-bedroom townhomees Unit size: 1,218 to 1,627 square feet Price: High $800,000s  Sales centre: 140 – 10880 No.5 Road, […]

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

  10. Buying fake jobs to immigrate to Canada

    Douglas ToddThe Vancouver Sun Canadian employers are creating fake jobs so would-be immigrants can quickly get citizenship. Immigration “consultants” often arrange the illicit deals, which frequently result in Canadian business owners being paid to fabricate non-existent jobs. Other times, the migrants perform actual work, while themselves handing cash to the employer under the table to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-07-2017
    Other News Articles

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