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  1. Cure touted for Vancouver’s exorbitant land prices

    Zoning land for rental housing one way to regulate prices Linda GivetashCanadian Real Estate Wealth A proposal that would give cities in British Columbia the power to zone land for rental housing could moderate the price of affected properties, experts say. Port Coquitlam Mayor Greg Moore, who led a committee on housing strategy for the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-05-2018
    Real Estate Related

  2. Canadian homebuyers aren’t deterred by rising rates

    Buyers are not put off by rising interest rates, most are not taking recent mortgage regulation changes into account Steve RandallCanadian Real Estate Wealth The spring homebuying season is underway and the intentions of potential homebuyers remains strong. But a new report says that although buyers are not put off by rising interest rates, most […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-05-2018
    Real Estate Related

  3. Fewer foreign buyers in Coquitlam after property tax hike

    Numbers now negligible after blip in February real estate sales to foreign buyers other More foreign buyers jumped into the Coquitlam housing market in February in anticipation of the provincial government’s hike to property transfer taxes, government figures show. The provincial government has released details of real estate transactions and how much was paid in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2018
    Real Estate Related

  4. Mortgage growth has fallen to the lowest in nearly two decades

    Regulatory success Erik HertzbergREP Canada’s mortgage growth has fallen to the lowest in nearly two decades as interest rates rise and after new mortgage rules took effect at the start of the year. Total residential mortgage credit grew just 0.3 percent on average over the last three months, the slowest since 2001, Bank of Canada […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2018
    Real Estate Related

  5. Hiked mortgage rates induce dread, but will Canadians prevail?

    The country?s biggest banks raising key borrowing rates Chris FournierCanadian Real Estate Wealth The indefatigable ability of Canadians to shoulder an ever increasing mountain of debt is being tested. The country’s biggest banks began raising key borrowing rates last week, just as the busy season for residential real estate gets underway. In addition, the mortgage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2018
    Real Estate Related

  6. Stats Can releases GDP numbers for February

    Statistics Canada said Tuesday real gross domestic product grew 0.4 per cent in February REP The Canadian economy, which contracted to start the year, bounced back in February, led by gains in the mining and oil and gas extraction sector. Statistics Canada said Tuesday real gross domestic product grew 0.4 per cent in February after […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2018
    Real Estate Related

  7. Whistler’s housing prices in the detached and townhome categories have surpassed Vancouver’s, and the reason could be Vail Ski Resort’s Epic Pass

    Jet setters drive price escalation Neil SharmaMortgage Broker News Whistler’s benchmark housing prices in the detached and townhome categories have surpassed Vancouver’s, and the reason could be Vail Ski Resort’s Epic Pass. “They took over Whistler Blackcomb this past year, and of the things that did was open up a market for us that we […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2018
    Real Estate Related

  8. CIBC hikes interest rate

    CIBC increases five-year fixed-rate mortgage rate Canadian Real Estate Wealth The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. Spokesman Tom Wallis says in an email that the rate will change from 4.99 per cent to 5.14 per cent. Wallis says seven-year and 10-year […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2018
    Real Estate Related

  9. Vancouver usurped as ‘Canada’s craziest property market’

    Businesses in Whistler are buying million-dollar properties to house employees as living costs drive out workers. Natalie Obiko PearsonREP Move over Vancouver — you’re no longer Canada’s craziest property market. Benchmark property prices in Whistler, the ski town two hours north, have now surpassed those in the Pacific Coast city. Businesses are buying million-dollar properties […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2018
    Real Estate Related

  10. Little-known ownership model touted as unaffordability cure

    Buying a house on leased land is a viable alternative Neil SharmaCanadian Real Estate Wealth As unaffordability spills out of large urban centres and into their surrounding areas, land leasing homes could become a viable alternative. The land lease model, wherein a resident owns the home but not the land upon which it’s built, is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2018
    Real Estate Related

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