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  1. Vancouver’s single-family homes are now mostly out of reach

    Affordability – not in Vancouver’s dictionary Ephraim VecinaCanadian Real Estate Wealth Vancouver’s affordability saga continues unimpeded as the city’s single-family homes are now priced considerably above the median household income, according to a recent study by the National Bank. The analysis uncovered that the average monthly mortgage payment for a median-price single-detached residence in the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-01-2019
    Real Estate Related

  2. Vancouver immigrants spend $820K more on their homes

    Immigrants to Vancouver buying higher priced homes Steve RandallCanadian Real Estate Wealth Immigrants to Vancouver are buying more expensive homes than Canadians in the city according to a new report. Official figures from Statistics Canada shows that homes purchased by immigrants are worth on average a third more than those owned by Canadians. This is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-01-2019
    Real Estate Related

  3. Rental demand grows amid rising rates, housing regulations

    Healthy job market and B-20 favours rentals Neil SharmaMortgage Broker News A confluence of factors, including rising interest rates, will result in fewer Canadians seeking homeownership than rental accommodations this year. That’s according to Marcus & Millichap’s 2019 Multifamily Investment Forecast Report, which further states a healthy job market and B-20 will conspire to favour […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-01-2019
    Real Estate Related

  4. Residential property investment to taper off this year – BoC

    Housing investment growth down -0.1% in 2019 Ephraim VecinaMortgage Broker News The Bank of Canada recently forecast that the portion of residential real estate investment in the Canadian economy will actually go negative this year, suggesting that strict mortgage regulations, local housing restrictions, and the upward trend in interest rates have made a more dramatic […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-01-2019
    Real Estate Related

  5. Zillow fights back against Canadian critics

    Zillow makes money from its advertising model Danny KucharskyREM In early December, Zillow announced that it had signed listing agreements with nine additional brokers and franchisors in Canada, including HomeLife Real Estate Canada, Sage Real Estate and Your Choice Realty. They join Century 21 Canada and several other Canadian real estate companies and brokers who […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-01-2019
    Real Estate Related

  6. National sales had the worst decline in 10 years

    CREA: Overall home sales in 2018 fell by 11% Ephraim VecinaREP Updated numbers from the Canadian Real Estate Association indicated that overall home sales in 2018 fell by 11.1% annually, making this the largest year-over-year drop since the height of the recession in 2008. This also followed a 4.64% shrinkage in 2017. Earlier this month, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-01-2019
    Real Estate Related

  7. M3 announces pre-qualification tool, partnership with Purplebricks

    Homebuyers to gain real-time pre-qualification insight in minutes Steve RandallCanadian Real Estate Wealth A new pre-qualification tool and partnership has been hailed a game-changer for mortgage brokers and homebuyers. An exclusive agreement between leading mortgage origination firm M3 and burgeoning real estate brokerage Purplebricks (formerly ComFree) will enable homebuyers to gain real-time pre-qualification insight in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-01-2019
    Real Estate Related

  8. Winnipeg 14-storey residential building underway this year

    14-storey Arts District in Winnipeg to provide 119 units Ephraim VecinaCanadian Real Estate Wealth With a $26-million federal investment, 14-storey Arts District will soon arise in Winnipeg. The project, announced last week by the federal government and local officials, will help relieve some of the pressure for more space that caters to the city’s affordable […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-01-2019
    Real Estate Related

  9. Housing affordability key issue for upcoming federal election

    Shots fired ahead of election Neil SharmaREP With the federal election just under 10 months away, housing affordability appears destined to become a key issue, with the Liberals being the latest party to fire a shot across the opposition’s bow. “Their front-end loading plan is a recipe to bankrupt housing providers right across the country,” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-01-2019
    Real Estate Related

  10. Reasons why we should be optimistic for 2019 Vancouver real estate market

    Tina Makother Happy New Year! What a 2018 we had!  Real Estate turned from hot to cold.  Stock Market had bipolar behavior and believe it will carry onto this year as long as the trade war and technology cold war between US & China hasn’t resolved and now Canada is in the middle of it […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-01-2019
    Real Estate Related
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