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  1. No escape from stress test impact says BCREA

    BC real estate association forcasts 21 per cent decline Steve RandallCanadian Real Estate Wealth While some areas may be showing signs of recovery from the impact of the mortgage stress tests introduced at the start of this year, that is not the case in British Columbia. The province’s real estate association says that its forecast […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-08-2018
    Real Estate Related

  2. The Top Buyers’ and Sellers’ Markets Across Canada

    The Canadian Real Estate Market by location Penelope Grahamother From a big picture perspective, it would seem the Canadian real estate market is poised for optimism; the latest crop of July data from the national real estate association points to strengthening sales activity and price growth, as buyers recuperate from the impact of stricter mortgage rules […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-08-2018
    Real Estate Related

  3. BC realtors forecast a 21% collapse in home sales for 2018 (but 2019 is another story)

    BCREA sees a sharp decline in home sales Josh Sherman other The British Columbia Real Estate Association (BCREA) anticipates a sharp decline in home sales and relatively flat prices this year before the market begins recovering in 2019. In its 2018 Third Quarter Housing Forecast Update, BCREA predicts 82,000 homes will change hands in the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-08-2018
    Real Estate Related

  4. Residential real estate sales in B.C. to drop 21% this year: forecast

    One-fifth of transactions wiped off the board; separate study finds nearly one-fifth of buyers pushed out of market by stress test Joannah ConnollyWestern Investor t may be no coincidence that one forecast issued August 20 is predicting a decline in B.C. home sales this year of around 20 per cent, while a separate study has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-08-2018
    Real Estate Related

  5. Thinking of buying or renting near NYC? Consider the tax costs

    10 per cent of your salary goes to property taxes other Imagine setting aside 10 percent of your salary every year towards paying property taxes on your home. Well, that is a reality for some homeowners in the tri-state area. Homeowners in New York City’s affluent Westchester suburb pay on average $15,000 in annual property […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2018
    Real Estate Related

  6. Brooklyn at Bernard Block 1471 St. Paul Street Kelowna 178 homes in a 25-storey mixed-use tower by Mission Group

    High on the outlooks at Brooklyn at Bernard Block Michael BernardThe Vancouver Sun Brooklyn at Bernard Block Project address: 1471 St. Paul St., Kelowna Project scope: A total of 178 condo homes in a 25-storey commercial-residential highrise in downtown Kelowna, the first of three buildings on the 1.5-acre site. Panoramic views of the city, Okanagan […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2018
    Real Estate Related

  7. Marquise 495 West King Edward Avenue 58 homes from 620 to 1360 square feet by Blairmore Development Group

    Marquise takes a convenient west-side location Kathleen FreimondThe Vancouver Sun Project: Marquise Project address: 495 West King Edward Avenue Project city: Vancouver Developer: Blairmore Development Group Architect: GBL Architects Inc. Interior designer: Portico Design Group Ltd. Project size: 58 units (seven townhomes, 51 condos) Bedrooms: one, two and three bedrooms Unit size: 620 to 1,360 square […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2018
    Real Estate Related

  8. Canadian real estate grossly overvalued – report

    The Economist ranked Canada most overvalued Ephraim VecinaMortgage Broker News A new global price analysis by The Economist ranked Canada as the 3rd most overvalued country in the world in terms of housing values, trailing just behind New Zealand and Australia. The U.K.-based publication’s study measured the average housing price versus the median incomes of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2018
    Real Estate Related

  9. Stats indicate adjustment to B-20

    Buyers have adjusted to qualification rules Neil SharmaMortgage Broker News Real estate sales in Canada are trending upward and it’s likely an indication that consumers have come to grips with B-20. Canadian Real Estate Association sales statistics for July show  national home sales rose 1.9% over the previous month—and according to REMAX’s regional executive vice […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2018
    Real Estate Related

  10. B.C. cities with slightly more affordable homes

    Affordable housing markets in BC Ephraim VecinaCanadian Real Estate Wealth Despite exhibiting consistently inflamed price averages, B.C.’s housing market still offers some pockets of relative affordability that households can take advantage of, according to a new analysis by real estate portal Zoocasa. Single-income households have no luck, however; no B.C. metropolitan market even comes close […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2018
    Real Estate Related

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