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  1. Only strata corporation can collect penalties on recoverable costs

    Strata corporations deal with two types of debts Tony GioventuThe Province Dear Tony: I have recently become the treasurer of our strata council. In reviewing the correspondence to collections, a number of owners have complained about the strata management company back charging them for administrative or service costs.  We have nothing in our contract with […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-06-2017
    Strata Information

  2. Platform 87 Moody Street, Port Moody 104 condos, townhouses and live-work lofts by Aragon Properties

    Community of condos, townhomes and live-work lofts uses both rustic and soft materials Mary Frances HillThe Province Platform Where: 87 Moody Street, Port Moody What: 104 homes, including condos, townhomes and live-work lofts Residence sizes and prices: studios, one, two and three bedrooms, 560 —1,612 square feet, starting at $409,900 for a junior one- bedroom, two […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-06-2017
    Real Estate Related

  3. Plaza of Nations site pitched as vibrant waterfront neighbourhood for Vancouver

    Plaza of Nations site gets a revamp Derrick Penner The Province A new proposal for the Plaza of Nations site on False Creek calls for development of 1,400 housing units on a 10-acre site that would link Chinatown and the Downtown Eastside to the waterfront. The residences, 20 per cent of them to be provided as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-06-2017
    Real Estate Related

  4. BC sales set to exceed 100,000 again this year

    Steve RandallREP Despite a decline in home sales in British Columbia this year, total sales are still forecast to exceed 100,000 for the third consecutive year. The BC Real Estate Association is expecting 101,000 sales for 2017, down 10 per cent from the record high of 112,209 in 2016. This remains well above the 10-year […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-06-2017
    Real Estate Related

  5. BC?s Recreational Property Market Buoyed by Ripple Effect

    Sales and prices for recreational properties are up across BC, with overseas demand remaining steady Joannah Connolly REW The hot housing market in Greater Vancouver is spilling over into the BC-wide recreational property market, according to the 2017 Royal LePage Canadian Recreational Housing Report published June 20. The aggregate price of a recreational home in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-06-2017
    Real Estate Related

  6. Regulator tracks rise in mortgage fraud complaints in B.C. as house prices jump

    Mortgage fraud complaints in B.C. soar along with house prices Sam CooperThe Vancouver Sun A review of B.C. regulatory filings points to a growing number of mortgage fraud cases involving fake incomes, phoney offshore collateral, and false tax information in schemes allegedly connected to real estate professionals operating in B.C.’s growing shadow banking sector. Postmedia […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2017
    Real Estate Related

  7. BCSC alleges fraud against mortgage firms, individuals

    Steve RandallREP Three British Columbia residents and two mortgage investment corporations have been accused of committing fraud by the BC Securities Commission. DominionGrand II Mortgage Investment Corporation (DG Mortgage) and DominionGrand Investment Fund Inc. (DG Fund) are B.C.-based companies that held themselves out as mortgage investment corporations; controlled by Donald Bruce Edward Wilson, David Scott […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2017
    Real Estate Related

  8. Documentary ?Vancouver: No Fixed Address? explores the city?s housing crisis

    Diane SlawychREM A new documentary says Vancouver is experiencing a housing crisis so severe that many of its residents have been forced out into the streets. Some live in tents, others in vehicles. It’s not entirely surprising in a city where the average house price is $1.7 million and the minimum wage is $11 an […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2017
    Real Estate Related

  9. Mortgage rates to increase sooner than expected

    The future of mortgage rates REP Interest rates are expected to increase sooner than originally expected. “With economic growth coming in strong this year, inflation should turn the corner,” TD Bank said in its Quarterly Economic Forecast. “The Bank of Canada will look for confirmation, but is now expected to begin increasing its policy interest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2017
    Real Estate Related

  10. Belpark 375 West 59th Avenue 120 homes in a 6 storey building by Intracorp

    Intracorp?s Belpark attracting plenty of interest from its immediate Vancouver area Simon BriaultThe Vancouver Sun Belpark Project location: 375 West 59th Ave Project size: 120 apartments. The project is already at least 80 per cent sold. The two-to-four-bedroom homes still available start at $1,877,900 and are between 1,426 and 2,312 square feet Developer: Intracorp Interior […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-06-2017
    Real Estate Related

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