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  1. First-Time Home Buyer Incentive (FTHBI)

    Federal government incentive plan for first-time home buyers other The First-Time Home Buyer Incentive (FTHBI) was launched on September 2, 2019 by the federal government and offers a 5% or 10% contribution towards your down payment in the form of a shared equity mortgage. The program aims to improve affordability by reducing the monthly mortgage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-12-2019
    Real Estate Related

  2. Government extends speculation tax exemptions for some strata owners

    Multiple condo owners exempt from speculation tax Rob Shaw The Province Owners of multiple condos and apartments who can’t rent their units due to strata restrictions will get an extended exemption from the province’s speculation tax, under changes announced Tuesday. Finance Minister Carole James said people who own a unit that falls under a strata […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-12-2019
    Real Estate Related

  3. Canadian housing starts were flat in November says CMHC

    Vancouver saw a significant decline in the trend of multi-unit starts for a second consecutive month Steve RandallCanadian Real Estate Wealth The key measure of Canadian home construction showed little change last month. CMHC reported that the 6-month housing starts trend was 219,047 units in November compared to 218,253 in October while the standalone monthly […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-12-2019
    Real Estate Related

  4. Steady housing starts recorded in November

    The growth in other major markets offsets Vancouver’s decline in housing starts Gerv TacadenaCanadian Real Estate Wealth Canada’s residential property market recorded slight increases in housing starts in November, according to the latest report from the Canada Mortgage and Housing Corporation (CMHC). There were 219,047 units that commenced construction in the month, up from 218,253 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-12-2019
    Real Estate Related

  5. Vancouver CRE investment sluggish as residential land drags

    Commercial Real Estate has remained stable in Vancouver Steve RandallCanadian Real Estate Wealth Investment in commercial real estate in Vancouver has remained stable during 2019 but far weaker than a year ago. Figures from the Altus Group show that, throughout the first three quarters of 2019, investment volumes have been between $1.7 billion and $1.8 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-12-2019
    Real Estate Related

  6. 3535 Princeton 27 three and four bedroom townhomes at 3535 Princeton Avenue Coquitlam by Nordel developments

    Roof decks a standout feature at 3535 Princeton Simon BriaultThe Vancouver Sun 3535 Princeton is a project from Nordel Developments in Coquitlam. [PNG Merlin Archive] PNG Nordel Developments is building a collection of high-end townhomes on Coquitlam’s Burke Mountain. Rod Byrnell and wife Debra bought one of the homes in the development — it’s called […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-12-2019
    Real Estate Related

  7. After years of delay, construction begins in downtown parking lot on Vancouver’s newest park

    Elaborate downtown park finally set to be constructed Susan Lazaruk The Province Construction is scheduled to begin next month on an elaborate Downtown Vancouver park that includes a public plaza, cafe, raised walkways and a price tag that ballooned to $14 million from its original estimate of $8 million. The Vancouver park board, which oversaw […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-12-2019
    Real Estate Related

  8. Swanepoel report says iBuying is No. 1 trend

    California-based research firm new report REM iBuying is the No. 1 real estate trend for 2020, says a new report by California-based research firm T3 Sixty. “The way consumers buy and sell homes is radically changing, and 2020 will be the year that more will recognize these fundamental shifts happening within real estate,” says Stefan […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-12-2019
    Real Estate Related

  9. Coping with rising cost of insurance for strata Properties

    Premiums and deductibles have increased substantially Tony GioventuThe Province Over the past few months across B.C. there has been an industry struggle to renew strata corporation insurance polices. With renewals, the cost of the insurance has increased anywhere from 50 to 300 per cent and the deductibles to cover claims have also increased substantially, from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-12-2019
    Strata Information

  10. Latimer Village at Latimer Heights 8242 200 Street Langley the first two buildings with 100 homes by Vesta Properties

    Latimer Village condos the hub of Langley community Simon BriaultThe Province In 2013, Vesta Properties approached homeowners in the Carvolth neighbourhood of Langley with an offer to purchase and then develop their lots. Fast forward six years and a landmark master-planned community is beginning to take shape. Set on 74 acres and comprising 31 lots […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-12-2019
    Real Estate Related

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