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  1. HSBC five-year variable mortgage rate at 2.39 percent

    Yet another bank discounts variable mortgage rate REP HSBC says it is discounting its variable mortgage rate starting Thursday to a level that undercuts the recently discounted rates of other major banks, as competition in the space intensifies. The bank says it will offer a five-year variable closed rate of 2.39 per cent, down from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2018
    Real Estate Related

  2. Victoria is ranked top global luxury market

    Canadian city ranked top global luxury market Neil SharmaREP Victoria, B.C. has landed the top spot on Christie’s global list of hottest luxury housing markets. The real estate arm of the famed auction company says strong year-over-year sales growth and high domestic demand for housing catapulted the Vancouver Island community to lead a list of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2018
    Real Estate Related

  3. Two-thirds of homes hit by new speculation tax will be B.C.-owned

    B.C. residents who own several homes will be disproportionally hit Rob ShawThe Vancouver Sun Almost two-thirds of those who pay the new housing speculation tax will be British Columbians, Finance Minister Carole James admitted Wednesday. B.C. residents who own several homes will be disproportionally hit. About 20,000 of the 32,000 homes subject to the new tax will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2018
    Real Estate Related

  4. Stratas able to renegotiate management services agreements

    Interest went to management firm Tony GioventuThe Province Dear Tony:   At our annual general meeting in February, an issue was raised about the amount of interest our strata earned on our contingency fund this year. Our strata had a $900,000 investment in 2017 that showed only $4,500 in revenue, but the rate of interest on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2018
    Strata Information

  5. Berkeley Village 16433 19th Avenue Surrey 183 two and three bedroom townhomes by Ikonik Homes

    Eclectic inspiration showcased at Berkeley Village Mary Frances HillThe Province Berkeley Village Project location: 16433 19 Ave., Surrey Project size: 183 two- and three-bedroom townhomes Residence sizes and prices: Two- and three-bedroom homes ranging in size from 1,202 to 1,579 sq. ft., from the low $600,000 range Developer and builder: Ikonik Homes Sales centre: 2485 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2018
    Real Estate Related

  6. Development costs, regulations drive up Vancouver home prices ‘with some of the worst performers in the world’

    Fees pushing up home prices: Report Cheryl Chan The Province Government regulations and development charges have driven up house prices in Metro Vancouver to the tune of $644,000 per new house, according to a new report from the C.D. Howe Institute. The report shows that in Vancouver, after factoring in a profit for the developer, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-05-2018
    Real Estate Related

  7. Canada to create moderately priced rental units

    Over 50,000 affordable units to be added to Toronto and Vancouver Ephraim VecinaCanadian Real Estate Wealth Fuelled by a booming tech industry, Toronto’s economy has produced an all-too-familiar problem: soaring housing prices beyond the reach of the middle class. That’s also plagued Vancouver where prices have gone even higher than in Toronto. Now, Canada is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2018
    Real Estate Related

  8. Legalization of marijuana is spurring demand for commercial real estate

    New commodity about to cause valuation surge Armina LigayaREP TORONTO _ Canada’s impending legalization of marijuana is spurring demand for commercial real estate, particularly for retail shops in Alberta, where the government is selecting private operators to conduct over-the-counter sales, industry players said Tuesday. Real estate consultancy JLL said its phone has been “ringing off […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2018
    Real Estate Related

  9. National home sales down as stress test bites

    Spring housing sales slowed Steve RandallCanadian Real Estate Wealth Home sales activity was lower in April as the impact of the mortgage stress tests hit the spring housing season. The Canadian Real Estate Association says that it is seeing some of the effects it warned the government about with cooling in markets that weren’t overheating. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2018
    Real Estate Related

  10. Vancouver residents embrace “collective housing” in face of real-estate woes

    Collective housing where several people live together Canadian Real Estate Wealth In a city known for soaring real estate prices and low vacancies, some people in Vancouver are finding innovative ways of blending their housing and social needs. One option is called collective housing, where several people live together not only to share a space, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-05-2018
    Real Estate Related

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