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  1. Stress test effect is showing nationwide says RBC

    Steve RandallCanadian Real Estate Wealth The impact of the tightened mortgage rules introduced at the start of the year appears to be rising. A report from RBC Economics says that softening sales in February, following a slowdown in January, suggest a trend that is being felt across the country. Highlighting data from local real estate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-03-2018
    Real Estate Related

  2. Thousands face empty homes tax in Vancouver as declaration deadline passes

    Laura KaneThe Vancouver Sun Nearly 8,500 homes have been declared vacant or underused in Vancouver after the submission deadline passed for the city’s new empty homes tax. The figure not only includes properties that were deemed unoccupied for six months or more, but also those that claimed one of the various exemptions to the levy. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-03-2018
    Real Estate Related

  3. Hillcrest at Sullivan Ridge 29 single family homes at 6119 146 Street Surrey BC by Marathon Homes

    Sensible, yet stylish touches on offer at Hillcrest at Sullivan Ridge Mary Frances HillThe Province Hillcrest at Sullivan Ridge What: 29 single-family homes, the third and final development by Marathon Homes in the Sullivan area of Surrey known as Sullivan Ridge Residence sizes and prices: Five or six bedrooms, ranging from 3,119 to 4,100 square feet; […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-03-2018
    Real Estate Related

  4. B.C.’s finance minister appears ready to tweak housing speculation tax

    James acknowledges plan must target speculators without harming B.C. residents Rob Shaw The Province Finance Minister Carole James appears to be rethinking parts of her new speculation tax and now says she’s working to address specific problems before the full rules are made public in the spring. James said she’s aware of complaints from some […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-03-2018
    Real Estate Related

  5. Empty Homes Tax registers 8,481 vacant, exempt or undeclared homes in Vancouver

    Joannah ConnollyVancouver Courier Following the extended deadline for Vancouver’s Empty Homes Tax ending March 5, the owners of nearly 99 per cent of the city’s homes filed declarations, the City of Vancouver announced March 7. There were 183,911 property status declarations submitted, out of the stated 186,043 homes in the city. Of the total number […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-03-2018
    Real Estate Related

  6. Bank of Canada makes interest rate announcement

    Canadian Real Estate Wealth The Bank of Canada kept its key interest rate target on hold as it pointed to a climate of broadening, important unknowns around trade. In explaining its decision to maintain its benchmark rate at 1.25 per cent, the central bank notes that recent trade policy developments are a key source of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-03-2018
    Real Estate Related

  7. More than 2,000 homeowners to be taxed under Vancouver’s empty homes tax

    Over 2,100 undeclared empty homes face tax Stephanie IpThe Vancouver Sun More than 2,000 residential properties went undeclared, have been deemed unoccupied and will be taxed under Vancouver’s empty homes tax. Assuming that each property is worth about $1 million — many of them are condos — that would raise about $21 million in tax […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-03-2018
    Real Estate Related

  8. Chinese buyers aren’t quitting Canadian homes any time soon

    Ephraim VecinaCanadian Real Estate Wealth Latest data from international property listing portal Juwai.com showed that in 2017, Canada continued to be a favoured property investment destination for Chinese home buyers despite higher foreign buyer taxes in B.C. and Ontario. In the first half of 2017, Chinese buyer interest in Canadian real estate grew 30% year-over-year. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-03-2018
    Real Estate Related

  9. Crucial to keep conflicts in the open

    Strata council members have an obligation to put the corporation?s best interests first Tony GioventuTimes Colonist Dear Tony: We have an awkward situation in our strata corporation and need your assistance. The vice-president of our strata council has been co-ordinating contractors and suppliers on a three-year construction project to replace our balconies that is costing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-03-2018
    Strata Information

  10. Trends in condo design driven by residents’ needs

    THE NEEDS OF RESIDENTS DRIVING CONDO DESIGN Rebecca KeillorThe Vancouver Sun Condominium design is changing in Vancouver, says Jason Turcotte, vice-president of development at Cressey Development Group, with much greater emphasis being placed on amenities and outdoor living spaces. This reflects the way people are seeing them: more as their long-term, permanent homes, not just […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-03-2018
    Real Estate Related

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