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  1. Risky mortgages, shadow bankers threaten Vancouver housing market’s stability

    Vancouver?s hot real estate market is plagued with another concern that shows similar characteristics to the fraudulent loans exposed in the U.S. in 2008, writes Sam Cooper Sam CooperThe Vancouver Sun Massive and risky home loans are increasing in number across Metro Vancouver, while mortgage fraud cases are also on the rise, connected to the […]

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

  2. Homes sales decline ?sharply? in May

    Justin da RosaREP The Canadian Real Estate Board releases latest round of housing market stats. National home sales dropped 6.2% month-over-month from April to May, according to CREA. That represents the largest sales decline since August 2012. The most drastic sales decline occurred in the Greater Toronto Area, where the market experienced a 25.3% month-over-month […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2017
    Real Estate Related

  3. Home sales across Canada register biggest monthly decline in nearly 5 years

    The Vancouver Sun OTTAWA — Home sales across the country dropped sharply last month, driven by a plunge in the Greater Toronto Area (GTA) after the Ontario government imposed a tax on foreign buyers aimed at cooling the red-hot market. The number of residential properties sold nationwide fell by 6.2 per cent in May compared […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2017
    Real Estate Related

  4. Soho 16330 24th Avenue Surrey 170 two, three and four bedroom townhomes by Zenterra Developments

    Soho adds some style to south Surrey Mary Frances Hill The Province Soho Where:  24 Avenue and 163 Street, South Surrey What: A three-storey development of 170 homes with large rooftop patios. Located within easy reach of three shopping centres. Residence sizes and prices: Two-, three- and four- bedroom homes ranging from 1,477 to 2,034 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2017
    Real Estate Related

  5. Policy change doesn?t sit well with strata

    Tony GioventuThe Province Dear Tony: I am on our strata council and deeply concerned over a policy change the property manager has imposed on us. They have provided us with a policy that prescribes how bylaw complaints are filed: they must be in writing or they will not be addressed by council. Several council members […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2017
    Strata Information

  6. BoC?s Wilkins hints at interest rate rise

    Steve RandallCanadian Real Estate Wealth The next policy move from the Bank of Canada could be a rise in interest rates. Senior deputy governor Carolyn Wilkins spoke at the Asper School of Business yesterday and said that there are some good signs in the economy, including adapting to lower oil prices, growth in a range […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-06-2017
    Real Estate Related

  7. Vancouver, Toronto housing heading for severe downturn

    Steve RandallREP Canada’s hottest housing markets are heading towards a severe downturn according to Capital Economics’ David Madini. The economist warns that the rise in sales in Vancouver is a temporary jump while the slowdown in Toronto’s larger market is indicative of a price correction. Madini says that the impact is likely to be felt […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-06-2017
    Real Estate Related

  8. Bank of Canada says next move likely an interest rate hike

    REP The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian dollar and bond yields soaring. In a speech Monday, Senior Deputy Governor Carolyn Wilkins highlighted how the nation’s recovery is broadening across regions and sectors, giving […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-06-2017
    Real Estate Related

  9. City Announces 11,500 New Homes for Cambie Corridor

    Joannah Connolly REW The Cambie Corridor is set to get a massive influx of new housing, with 11,500 new homes planned under Phase 3 of the area’s redevelopment, the City announced Monday June 12. The draft plan is the City’s first to introduce below-market rental housing as part of its housing policy. Of the 11,500 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-06-2017
    Real Estate Related

  10. Bowker Collection 2285 Bowker Avenue Oak Bay 43 homes in a 4 storey midrise by Abstract Developments

    BOWKER COLLECTION A NOD TO ITS OAK BAY NEIGHBOURHOOD Kathleen FreimondThe Vancouver Sun Bowker Collection Project address: 2285 Bowker Avenue Project city: Oak Bay Developer: Abstract Developments Architect: Cascadia Architects Interior designer: Nygaard Interior Design Project size: 43 suites; six commercial units Bedrooms: One and two bedrooms Unit size: 734 – 2,001 square feet Price: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2017
    Real Estate Related

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