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  1. Pricey Vancouver market weakens with buyers on sidelines

    Sales down 14 percent in June Mortgage Broker News Vancouver’s housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers. Sales were down 14% compared with May, the first monthly decline since January when tougher federal mortgage rules took effect, according to a report by the Real Estate Board […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2018
    Real Estate Related

  2. Chinese inquired about US$1.45B worth of Canadian properties last year: Juwai

    Chinese interest in Vancouver property slipping Mortgage Broker News A website for buyers of overseas properties says Chinese nationals expressed interest in about US$1.45 billion worth of Canadian properties last year, with interest in Toronto and Vancouver slipping following the introduction of foreign buyers taxes. Juwai.com says consideration of properties in Canada’s largest city dropped […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2018
    Real Estate Related

  3. Detached homes entering buyers’ market in Vancouver

    Vancouver detached homes a buyers’ market Steve RandallThe Vancouver Sun Buyers looking for detached homes in Metro Vancouver have more choice as sales weakened again in June. Detached home sales fell 42% to 766 and the Real Estate Board of Greater Vancouver says that the sector is leading the move towards a buyers’ market. “Buyers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2018
    Real Estate Related

  4. An RBC report says housing affordability in Canada worsened

    RBC sounds alarm Canadian Real Estate Wealth An RBC report says housing affordability in Canada worsened in the first quarter, ending a one-quarter reprieve, the first in two and a half years. The proportion of median pre-tax household income needed for mortgage payments, property taxes and utilities rose 0.4 percentage points from the fourth quarter […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2018
    Real Estate Related

  5. Money laundering draws ire of political class

    David Eby focused on monetary transactions Canadian Real Estate Wealth British Columbia Attorney General David Eby says terms of reference are being discussed as the province moves ahead with the second phase of its battle against money laundering. The first phase was unveiled last week with a report from former RCMP deputy commissioner Peter German, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2018
    Real Estate Related

  6. George 3010 St. George Street Port Moody 179 condos and 73 townhomes by Marcon

    New-home project, George, in Port Moody is artistic and elegant, while pushing boundaries Mary Frances Hill The Province George What: 179 condos and 73 townhomes Where: 3010 St. George Street, Port Moody Residence sizes and prices: One- to three-bedrooms, 657 to 1,358 sq. ft.; condos starting from $484,900, townhomes starting from mid $800,000s Developer and builder: Marcon Sales centre: 3001 St. Johns […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2018
    Real Estate Related

  7. Vancouver real estate – Supply of homes for sale hits three-year high

    Supply of homes for sale hits three-year high The Province The supply of homes in Metro Vancouver’s real estate market hit a three-year high as sales dipped below historical averages last month. The Real Estate Board of Greater Vancouver reports there were 2,425 home sales last month, a 37.7 per cent decline from June 2017. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2018
    Real Estate Related

  8. Housing affordability reaches crisis level in Vancouver, says RBC report

    About 87 per cent of income needed to cover expenses in Vancouver, setting new high: Report Ross MarowitsThe Province Housing affordability in Greater Vancouver reached a “crisis level” in the first quarter, with additional interest rate hikes expected to take another bite out of Canadian housing affordability in the months to come, according to a Royal Bank report. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2018
    Real Estate Related

  9. Engel & V?lkers reveals Chinese buyers? checklists

    Feng shui important for Chinese buyers Neil SharmaCanadian Real Estate Wealth Predominantly Chinese foreign buyers have stringent checklists for Canadian properties, whether they intend to live in them or not. “Feng shui is tied into it,” said Jennifer Chan, a broker with Engel & Völkers Toronto Central. “You can say it’s superstition, but it’s not; […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2018
    Real Estate Related

  10. Don’t delay when pests invade

    Infestations best handled by strata corporation Tony Gioventu Times Colonist Dear Tony: We are a small 18-unit low-rise building in the Greater Victoria area. Two owners have reported they have chronic problems with mice in their units. One owner is accusing the other of hoarding and causing the mouse problem and the other owner is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2018
    Strata Information

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