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  1. Canada?s residential construction exceeds $5 billion

    Building intentions above $5 billion again Steve RandallCanadian Real Estate Wealth The value of residential construction permits issued by Canada’s municipalities in January exceeded $5 billion for the third time in four months. The $5.1 billion value of permits is a 2.7 per cent increase from December with gains in Alberta, BC and Manitoba leading […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-03-2017
    Real Estate Related

  2. CMHC mortgage insurance hike scheduled for this month

    Ephraim VecinaREP The Canada Mortgage and Housing Corp. has announced that it will be implementing a hike on the premiums on its insured loans, with the increases calculated based on down payments of between 5 and 9.99 per cent, 25-year amortization, and five-year term at 2.94 per cent. Effective March 17, consumers who have locked […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-03-2017
    Real Estate Related

  3. A plan to improve housing affordability

    Justin da RosaREP The industry is calling on the government to address housing affordability, amid skyrocketing prices in several markets. The Ontario Real Estate Association (OREA) and The Ontario Home Builders’ Association (OHBA) are urging Ontario to implement a housing task force with the goal of increasing housing supply in the province. “The Canadian dream […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-03-2017
    Real Estate Related

  4. According to Juwaii, Chinese investment in Canada to be $16B in 2017, enquiries dropped 80% after the 15% Vancouver tax

    Chinese investment expected to maintain levels Justin da Rosa Mortgage Broker News Investment from Chinese buyers in Canadian real estate is expected to match 2016 levels, with many expected to set their sights outside Vancouver. “Barring unforeseen circumstances, we expect Chinese real estate investment in 2017 to come close to matching that of 2016. There […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-03-2017
    Real Estate Related

  5. New home construction picks up, offering latest evidence of economic momentum

    Canadian Real Estate Wealth OTTAWA – The pace of home construction in Canada picked up last month and a lot of the push came from Ontario, the federal housing agency said Wednesday, offering the latest evidence that the economy is building momentum. Canada Mortgage and Housing Corp. said February’s seasonally adjusted rate for housing starts […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-03-2017
    Real Estate Related

  6. Chinese interest in Vancouver real estate not limited to high-end sector

    Emma Crawford Hampel other Homebuyers from China are often cited as major participants in Vancouver’s luxury real estate market, but a new study from Sotheby’s Canada and Juwai.com found most property searches from China into Vancouver homes were for those on the lower end of the market. uwai.com—one of the largest Chinese international property search […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-03-2017
    Real Estate Related

  7. Fraser Valley?s February numbers point to a market on the rise

    Ephraim VecinaCanadian Real Estate Wealth Vancouver isn’t the only housing market that has experienced heightened costs last month, as latest numbers from the Fraser Valley Real Estate Board (FVREB) revealed that the southwestern region has also seen its fair share of notable home price growth in February. Last week, the Board revealed that the benchmark […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-03-2017
    Real Estate Related

  8. $1 million ain?t what it used to be

    Justin da RosaCanadian Real Estate Wealth What will a cool $1 million buy you across the country?  Obviously, that depends on the market; but increasingly, what was once considered the threshold for a luxury home will buy you less and less house.  “What used to be considered a luxury price point is now the status […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-03-2017
    Real Estate Related

  9. Proposed class action against B.C. says foreign buyers’ tax unconstitutional

    Canadian Real Estate Wealth A proposed class-action lawsuit says British Columbia’s 15-per-cent tax on foreign nationals who buy homes in the Vancouver area is unfairly prejudiced against people from Asia, who have historically faced discrimination in the province. Amended documents filed in B.C. Supreme Court last week argue the so-called foreign-buyers’ tax is unconstitutional because […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-03-2017
    Real Estate Related

  10. Fraser Valley home sales slump but real estate pros are happy

    Steve RandallCanadian Real Estate Wealth Home sales in the Fraser Valley saw a slump in February, similar to that seen in Metro Vancouver; but the body representing real estate agents in the region isn’t downbeat about it. Sales were down 41.5 per cent compared to February 2016, which was a record-breaker. Realtors sold 1,396 homes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-03-2017
    Real Estate Related

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