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  1. GTA new home sales post best month of 2018 so far

    Home sales in October improved Steve RandallREP October brought some positives for the new homes market in the Greater Toronto Area with sales and openings gaining. A report from the Building Industry and Land Development Association (BILD) shows that there were 2,805 condominium apartments in low, medium and high-rise buildings, stacked townhouses and loft units […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-11-2018
    Real Estate Related

  2. Toronto affordability already in a ‘crisis’ state – observer

    Rental market only for the rich Ephraim VecinaCanadian Real Estate Wealth Data from Urbanation indicated that Toronto condo rent rates increased by 7.6% on an annual basis to reach an average of $2,385 in Q3 2018, and by 17% for newly available purpose-built units. Long considered a haven for the city’s affordability seekers, the rental […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-11-2018
    Real Estate Related

  3. $1 billion money laundered by crime networks in BC real estate?

    Money laundering rampant in BC real estate Steve RandallREP Criminal networks could have used British Columbia’s real estate market for more than $1 billion of money laundering. A secret police report, obtained by Global News, reveals that crime networks are linked to 10% of the 1,200 luxury real estate purchases in the Lower Mainland included […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-11-2018
    Real Estate Related

  4. Housing collapse unlikely say Canada’s accountants

    High home prices not a recipe for crash Steve RandallREP High levels of household debt and the sky-high home prices in some Canadian markets have led some commentators to make comparisons with the US housing crash which sparked the global financial crisis of a decade ago. But Chartered Professional Accountants Canada says that a Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-11-2018
    Real Estate Related

  5. Canada’s big banks to end strong financial year with a ‘whimper’

    Canada’s banks to expect good returns in Q4 Armina LigayaMortgage Broker News Canada’s biggest banks are expected to close out a strong financial year that was helped by interest rate hikes and favourable credit conditions with a “whimper” of a quarter. The Bank of Nova Scotia is the first of its peers to report its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-11-2018
    Real Estate Related

  6. BoC to buy Canadian Mortgage Bonds for first time

    Bank of Canada to expand assets Steve RandallCanadian Real Estate Wealth The Bank of Canada is planning to buy mortgage-backed securities for the first time following a periodic review of its balance sheet management. The bank wants to expand the securities it holds to offset its liabilities (largely bank notes in circulation and Government of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-11-2018
    Real Estate Related

  7. Why this economist says Vancouver’s housing recovery will probably be rougher than Toronto’s

    Vancouver housing market?s recovery to take longer Josh Sherman other The Vancouver housing market’s recovery is likely going to take longer than Toronto’s despite both being triggered by the same event, says an economic-research firm with a reputation for being somewhat of an outlier. “After the stabilisation of the Toronto housing market this year, it’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-11-2018
    Real Estate Related

  8. Housing Strategy to nurture the next generation of experts

    CMHC to collect a higher quality of housing data Ephraim VecinaREP As part of the National Housing Strategy, the Canada Mortgage and Housing Corporation will be investing $241 million towards the collection of a much higher quality of housing data – an initiative that would include grooming the next generation of industry experts. Such data […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-11-2018
    Real Estate Related

  9. Little Mountain development site awaiting on planning department approval

    Vancouver’s Little Mountain: The money and the sad history behind a long-stalled project Lori Culbert & Dan Fumano The Vancouver Sun The park where Jeannine Silvestrone played as a girl is cordoned off by a chain-link fence, and the spot where her childhood home stood is now thick with 10-year-old weeds. “The site was beautiful. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-11-2018
    Real Estate Related

  10. Maywood on the Park 6463 Silver Avenue Burnaby 298 homes in a 32 storey tower by Intracorp

    Intracorp?s Maywood on the Park to rise 32 storeys above Burnaby Kathleen FreimondThe Vancouver Sun Maywood on the Park Project address: 6463 Silver Avenue, Burnaby Developer: Intracorp Architect: NSDA Architects and Richard Henry Architect Interior designer: CHIL Interior Design Project size: 32 storeys; 298 homes Bedrooms: Studio, 1-, 2-, and 3-bedroom Unit size: 394 to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-11-2018
    Real Estate Related

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