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  1. Mortgage regs are still punishing BC real estate

    Stress Test limiting first time buyers Steve RandallCanadian Real Estate Wealth Home sales in British Columbia were down 23.9% in July compared to a year earlier. Data from the British Columbia Real Estate Association shows that there were 7,055 sales through the MLS system and the average MLS price was down 0.4% to $695,990. Total […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2018
    Real Estate Related

  2. Inside a REALTOR owned product that provides true efficiency

    Digital services that create true efficiency REP When The Canadian Real Estate Association (CREA) was designing the latest update to its CREA WEBForms®, it had one fundamental aim: to make life easier for its 120,000 members. CREA WEBForms® is a hub that allows members to connect all the aspects of their real estate transactions using […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2018
    Real Estate Related

  3. Condo segment should brace for over a million boomers – report

    Boomers looking at buying homes Ephraim VecinaREP The newly released Royal LePage Boomer Trends Survey reported that approximately 1.4 million Canadian baby boomers (those born between 1946 and 1964) have indicated a desire to purchase a home within the next 5 years. “Don’t count them out yet – baby boomers will impact Canada’s housing market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2018
    Real Estate Related

  4. Boomers slated to enter market en masse; here’s what they’ll buy

    Latest report suggests boomers flooding the market Neil SharmaREP A new report from Royal LePage suggests the real estate market is going to get crowded in about five years’ time. According to the The Royal LePage Boomer Trends Survey, 1.4 million baby boomers are expected to buy and sell homes in the next half-decade. However, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2018
    Real Estate Related

  5. Summer Home Sales Slow to a Simmer

    MLS sales across BC fall BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per cent decrease from the same month last year. The average MLS® residential price in BC was $695,990, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2018
    Real Estate Related

  6. People love Canada which could mean higher interest rates

    Housing demand from new Canadians could have an impact on purchases Steve RandallCanadian Real Estate Wealth Last year, a record 380,000 people moved to Canada, outpacing the federal government’s immigration target of 300,000 per year set in 2016. But the positives of younger people joining the Canadian workforce as an aging population retires, are dampened […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2018
    Real Estate Related

  7. Remediating Homes Used in Drug Operations

    Cannabis grown in residential homes could cause problems BCREA On October 17, non-medicinal cannabis will be legalized. In addition to establishing regulated distribution networks, the federal legislation allows individuals to legally cultivate up to four plants per residence. BCREA remains concerned with the damage drug production can have on properties. Four plants may not sound […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2018
    Real Estate Related

  8. Marigold 7874 Lochside Drive Saanich 38 condos, 9 townhouses and 8 duplexes by Marigold Lands Ltd

    Marigold: Saanich Peninsula location ‘an opportunity to do something really special’ Michael BernardThe Vancouver Sun Marigold, Saanich, B.C. Project Address: 7874 Lochside Dr., Saanich, B.C. Project Scope: A total of 55 residences, 38 condominiums, nine townhouses and eight duplexes, on eight acres of land about five kilometres south of Sidney and 20 kilometres north of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-08-2018
    Real Estate Related

  9. Dwell24 2565 Runnel Drive Coquitlam 24 townhomes with three to four bedrooms by Epix Development

    At Coquitlam?s Dwell24, it?s all in the details Simon Briault The Vancouver Sun Dwell24 Project location: 2565 Runnel Drive, Coquitlam Project size: 24 townhomes with either three or four bedrooms ranging in size from 1,323 to 1,638 square feet, with prices starting at $898,900 Developer: Epix Developments and The Circadian Group Architect: Studio One Architecture […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-08-2018
    Real Estate Related

  10. Multi-family housing starts drag overall rate lower

    Housing starts eased in July Steve RandallCanadian Real Estate Wealth Housing starts eased in July as the multi-family sector pulled back from near-record highs in the previous month. CMHC data reveals a trend of 219,988 starts in July, down from 221,738 in June, based on a 6-month moving trend of seasonally adjusted annual rates. “The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-08-2018
    Real Estate Related

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