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  1. OSFI stress test has cut millennial purchasing power by $40K

    First-time home buyers aged 25 ? 31 fall short of home purchases Steve RandallCanadian Real Estate Wealth The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of 2018. A report from Royal Le Page calculates that nationwide, a peak […]

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

  2. Cryptocurrencies the coin of the future

    Vancouver lawyer Michael Stephens is working on cryptocurrency regulation Ian MulgrewThe Vancouver Sun Vancouver lawyer Michael Stephens was at a recent convention in the Bahamas socializing in a crowded room when he couldn’t help watching and eavesdropping on two men. “Their eyes just locked,” he recalled. “One said, ‘I have 10,000 bitcoin I want to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-04-2018
    Technology Related Articles

  3. Two Big Six banks hike benchmark rates

    TD and RBC increase mortgage rates Canadian Real Estate Wealth Two of Canada’s biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. TD says as of Wednesday it increased its posted rate for five-year fixed mortgages to 5.59 per cent from 5.14 per cent. Mortgage planner and rate comparison website founder Robert McLister […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-04-2018
    Real Estate Related

  4. Canadian housing market still “highly vulnerable” warns CMHC

    CMHC report housing market remains at risk Steve RandallCanadian Real Estate Wealth Canada’s housing market remains a large risk for the seventh consecutive quarter according to the latest report from the CMHC. Its Housing Market Assessment for the three months to the end of March 2018 highlights evidence of overvaluation and price acceleration, especially in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-04-2018
    Real Estate Related

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

    Rooftop patios add to Berkeley Village?s appeal Simon BriaultThe Vancouver Sun Berkeley Village Project location: 16433 19 Avenue Project size: 183 two- and three-bedroom townhomes ranging in size from 1,202 to 1,579 square feet. Prices start in the low $600,000 range. Developer: Ikonik Homes              Architect: WG Architecture Interior designer: Area 3 Design Sales centre: 2485 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-04-2018
    Real Estate Related

  6. Volatility continues for seventh straight quarter

    CMHC says housing sector facing a high degree of vulnerability Tara DeschampsREP TORONTO _ Canada’s housing sector is facing a high degree of vulnerability to market instability for the seventh straight quarter, with Toronto, Hamilton, Vancouver and Victoria shouldering the brunt of the risks. That’s according to the Canada Mortgage and Housing Corporation, which analyzed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-04-2018
    Real Estate Related

  7. LED upgrades make cost-saving sense

    Making a case for energy upgrades Tony GioventuThe Province Dear Tony: Our strata council has been trying to convince our owners to upgrade our lighting in the building to all LED’s to save electrical costs. We have had several assessments with projections of a $5,500 a month savings, but our owners keep defeating the special […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-04-2018
    Strata Information

  8. Edgemont Walk 1133 Ridgewood Drive North Vancouver 24 three bedroom townhomes by Boffo Developments

    Artistic vision and style inspire townhome community at Edgemont Walk in North Van Mary Frances HillThe Province Edgemont Walk Where: 1133 Ridgewood Dr., North Vancouver What: 24 spacious threebedroom townhomes with flex space and garages Residence sizes and prices: Ranging from 1,500 to 2,595 square feet, prices starting from about $1.559 million Developer and builder: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-04-2018
    Real Estate Related

  9. Condo developers in B.C. asked for more information about hot presale market

    Proposed legislation would require developers to report information on contract flipping Joanne Lee-YoungThe Province Condo developers will be required by law to collect and report information on buyers who flip sales contracts for a higher price, according to legislation proposed by the B.C. NDP government. This is a segment of the real estate market that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-04-2018
    Real Estate Related

  10. Proposed legislation would require developers to report information on contract flipping

    Government promises crackdown Dirk MeissnerREP British Columbia’s government wants to crack down on tax evasion in the condominium market and gives municipalities more control over rental housing as it looks for ways of easing a housing crunch. Finance Minister Carole James said legislation introduced Tuesday would require developers to collect and report buyer information on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-04-2018
    Real Estate Related

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