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  1. The waning of Vancouver and the waxing of Toronto

    Vancouver will slow down in new home sales Ephraim VecinaCanadian Real Estate Wealth Demand for Canada’s residential property is definitely not slowing down any time soon, but this hunger will be less apparent in Vancouver this year, a new analysis from Altus Group warned. Last year proved to be less than stellar for Vancouver as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2019
    Real Estate Related

  2. Akimbo 4295 Dawson Street 350 homes in a 40 storey tower by Imani Development

    Akimbo, a 40-storey residential tower, aims to embody sense of confidence and boldness Kathleen FreimondThe Vancouver Sun Akimbo Project address: Dawson Street and Madison Avenue, Burnaby Developer: Imani Development Architect: IBI Group Architects Interior designer: Area3 Design Project size: 40 storeys; 350 units Bedrooms: one, two and three bedrooms Unit size: 460 to ,2050 square feet […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2019
    Real Estate Related

  3. What you need to know about claiming the principal residence exemption on the sale of property

    The principal residence exemption has some limitations Jamie Golombek The Vancouver Sun One of the most valuable tax breaks Canadians have is the ability to claim the principal residence exemption (PRE) on the sale of a home. The PRE provides homeowners with an exemption from tax on the capital gain realized when you sell the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2019
    Real Estate Related

  4. Commercial buildings drive permit growth with 11-year high

    Canadian municipalities saw building permits increase in November Steve RandallREP Building permits issued by Canadian municipalities saw an increase in November, the latest month of data available. But new homes are not the intention with residential permits declining 2.5% to $5.0 billion, while non-residential permits increased 3.3% to $3.3 billion. The decline for home building […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2019
    Real Estate Related

  5. HomeEquity Bank reports 26% rise in reverse mortgage originations

    Reverse mortgages sought by more seniors Steve RandallREP Continued interest by Canadian seniors in reverse mortgages has helped boost originations at HomeEquity Bank. The company says it originated $767 million reverse mortgages in 2018, up 26% from the previous year with its mortgage broker and bank referral business showing significant growth. “We are extremely proud […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2019
    Real Estate Related

  6. GGH region forecast to lead growth in new home sales

    Greater Golden Horseshoe to show significant growth Steve RandallREP Sales of new homes should be positive in 2019 despite the challenges of affordability and interest rates. A report from the Altus Group points to elevated immigration levels as a key driver of sales, along with demand from first-time homebuyers and tight rental markets. Among the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2019
    Real Estate Related

  7. Despite concerns there could be 2 rate rises in 2019

    BoC holds rate at 1.75 percent Steve RandallREP The Bank of Canada’s decision to hold interest rates at 1.75% was not unexpected; neither is its tone on the road ahead. Governor Stephen Poloz reiterated the central bank’s position that rates will need to rise to a more neutral range to keep inflation in check, but […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2019
    Real Estate Related

  8. Survey owners before proceeding with plan to sell suite

    Talk to owners before making a plan to sell suite Tony Gioventu The Province Dear Tony:  Our strata corporation has a caretaker suite in the building that has not been used in eight years. Our building is coming up to some major upgrades and we are considering selling the suite to pay for elevator upgrades.  […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2019
    Strata Information

  9. COURT 153 homes at 2814 Gladwin Road two 6 storey buildings by Heinrichs Developments

    Heinrichs Developments project takes a location in the heart of downtown Abbotsford Simon Briault The Province Court What: 153 homes Where: 2814 Gladwin Road Residence size and prices: approximately 600 to 1,750 square feet. Prices start at the low $300,000s for one-bedroom homes and the low $400,000s for two-bedroom plans and loft homes Developer: Heinrichs […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2019
    Real Estate Related

  10. Montreal prices accelerate as sales reach new record

    Single-family home reaches $327,450 in Montreal Ephraim VecinaCanadian Real Estate Wealth Home prices in Montreal continued to grow as sales reached new heights last month, according to the Greater Montreal Real Estate Board. The median price of a single-family home in the market increased by 7% on a year-over-year basis in December, reaching $327,450. Meanwhile, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2019
    Real Estate Related

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