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  1. Crash? Recovery? 4 Things That Will (And Won?t) Happen In Canada?s Housing Market In 2019

    NEW YEAR, NEW MARKET Daniel Tencer other With house prices at astronomical levels in many cities, a growing number of Canada’s would-be homebuyers are hoping for a market crash. In Vancouver, North America’s least affordable housing market, a recent poll showed nearly two-thirds of residents, including many homeowners, want to see house prices come down. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-12-2018
    Real Estate Related

  2. Real estate agent barred over sexual messages, offering tenants weed

    Joe Parente, 40, isn’t allowed to reapply for his realty licence until 2020 Rhianna Schmunk other A former real estate agent in Metro Vancouver has been barred from practice for sending unsolicited, inappropriate messages to a stranger, his neighbour and his boss — and after being accused of offering a bag of weed to renters […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-12-2018
    Real Estate Related

  3. Vancouver empty homes tax to help homeowners, renters

    Empty home tax helps low income renters Steve RandallREP Vancouver’s empty homes tax will be used to help address housing supply issues for vulnerable and low-income renters; and help reduce costs for homeowners who want to build secondary or basement suites. The City Council and Mayor have approved the proposed budget for 2019 which includes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-12-2018
    Real Estate Related

  4. BC housing market to remain subdued says Central 1

    Weak BC housing market to remain slow in 2019 Steve RandallCanadian Real Estate Wealth The weak performance of the BC housing market in 2018 is set to continue in the new year, although sales should start to tick higher over the coming two years. A housing market report from Central 1 Credit Union calls for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-12-2018
    Real Estate Related

  5. BC’s housing market is in a full-out recession, but it’s not all bad news

    Price corrections driven by policy measures not job-loss Josh Sherman other Government policy triggered a recession in BC’s housing market this year, but the situation could have been worse, a new forecast from credit union Central 1 suggests. “Price corrections in large urban markets will be modest given they are driven by policy measures rather […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-12-2018
    Real Estate Related

  6. B.C. housing market in ‘mild recession’ likely thru 2021: Report

    ‘Mild’ housing recession forecast for B.C. through 2021 Cheryl ChanThe Province B.C. is in a “mild” housing market recession, with the Lower Mainland shifting from a seller’s market to a “mild” buyer’s market, according to a new housing forecast report. A recession is usually used to describe a period of significant decline in the economy, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-12-2018
    Real Estate Related

  7. CIBC economists question BoC’s view of housing market

    Vancouver seeing an undoing of the gains from 2015-2016 rapid increases Steve RandallCanadian Real Estate Wealth The slowdown in Canada’s housing market is likely to weigh on the economy according to a new report from CIBC Economics. With interest rates and other policies already having a noticeable impact on the housing market, especially in the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-12-2018
    Real Estate Related

  8. Commercial Real Estate: 20-per-cent drop in commercial property sales

    However, the total dollar volume of commercial property sales remained about the same, year over year, at $3.90 billion in the last quarter, only a 0.9 per cent decrease from $3.93 billion in Q3 2017. Evan DugganThe Vancouver Sun Commercial real estate sales in the region fell in the third quarter of this year by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 17-12-2018
    Real Estate Related

  9. Sales decline looms large

    CREA says home sales projected to fall in 2019 Canadian Real Estate Wealth National home sales are projected to fall to a near decade low in 2019, as rising interest rates and strict mortgage stress-test rules continue to put a damper on homebuyer sentiment, according to the Canadian Real Estate Association. The group, which represents […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 17-12-2018
    Real Estate Related

  10. Lower Mainland affordability map showing income needed to buy a home

    What income you need to afford a Metro Vancouver detached house other Download Document

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-12-2018
    Real Estate Related
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