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  1. BC becomes first in Canada with housing ‘integrity’ register

    B.C. launches condo pre-sale registry Steve RandallCanadian Real Estate Wealth The identity and citizenship of all parties in a condo or strata transaction in British Columbia will be listed in a new register. The BC finance minister confirmed Monday that the provincial government has launched the Condo and Strata Assignment Integrity Register (CSAIR) with the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2019
    Real Estate Related

  2. Vancouver considers changes to city’s empty homes tax

    City staff want to increase the empty homes tax or charge a different rate for foreign owners Dan Fumano The Province Vancouver city staff want to look at changing the city’s empty homes tax, the first of its kind in North America, and that could mean increasing the tax or charging a different rate for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2019
    Real Estate Related

  3. Further cooling policies still needed – B.C. Finance Minister

    Greater affordability – housing slowdown Ephraim VecinaCanadian Real Estate Wealth Policies that cultivate further housing slowdown are still needed to ensure greater affordability in B.C., Finance Minister Carole James said last week. The statement came amid official reports of considerable slowdown in the province’s home price growth and sales activity, after several changes were introduced […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2019
    Real Estate Related

  4. Near-record housing starts expected to fall

    Predicted 30-per-cent drop sets off debate on whether too many, or too few, condos are being built Joanne Lee-YoungThe Province The NDP budget forecast a drop in housing starts by as much as 30 per cent across B.C. over the next three years, sparking debate about whether there are too many, or too few, condos […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-02-2019
    Real Estate Related

  5. Expect a slow year for the housing market says RBC economist

    CREA report shows market to be slow Steve RandallREP The latest home resales data from CREA showed an improvement in January with a 3.6% rise following declines across the fourth quarter of 2018 (cumulatively 4.3%). But despite some positives, the outlook for 2019 overall is for the Canadian market to remain subdued due to the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-02-2019
    Real Estate Related

  6. Best bid no guarantee of the best result

    Multiple bids alone will not assure success or best value Tony GioventuThe Province Dear Tony:  Our strata owners recently approved $1.8 million from our contingency fund on elevator upgrades, deck and balcony repairs and the replacement of our boilers. At our general meeting, an owner questioned the council on how the funds would be spent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-02-2019
    Strata Information

  7. Many BC markets favour buyers but there are exceptions

    Vancouver Island among others have a balance between supply and demand Steve RandallCanadian Real Estate Wealth Home sales in BC were down 33.2% in January compared to a year earlier. Figures from British Columbia Real Estate Association show that 3,546 sales were recorded by the MLS in January. Prices were also lower with an average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-02-2019
    Real Estate Related

  8. Parkview Estates 16525 103 Avenue Surrey 64 single-family home lots by Foxridge Homes

    At Foxridge Homes’ Parkview Estates, homebuyers can select from dozens of finishing touches Barbara Gunn The Vancouver Sun Parkview Estates Project address: 16525 — 103 Avenue, Surrey Developer: Foxridge Homes Architect: In-house Interior designer: First Impression Design Project size: 64 single-family home lots Unit size: four-, five- and six-bedroom homes; 3,300 — 4,300 square feet […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-02-2019
    Real Estate Related

  9. Hot Surrey housing beats Vancouver (and 81 other North American cities) in home price gains

    This BC suburb sees second-largest home price gains in North America Josh Sherman other Move over, Vancouver. Surrey has had the second-fastest rising home prices in North America over the past five years, suggests a study of 83 major North American cities that also sees five other Canadian cities make the top 10. Between 2013 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-02-2019
    Real Estate Related

  10. Strata rules oversee common facilities

    Strata rules must be approved by vote Tony GioventuThe Province Dear Tony: Our highrise building has a recreation room that can be rented for private parties and is used for social events and meetings in our community. As a result of several owner events where there have been additional janitorial costs, our strata council has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-02-2019
    Strata Information

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