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  1. Vancouver’s spate of new rules discouraging foreign investors

    New regulations pushing investors to Toronto Ephraim VecinaMortgage Broker News Vancouver’s rapid-fire introduction of new regulations that target foreigners is pushing away more and more investors towards Toronto, observers warned. Among these rule changes, speculation levies and a wealth tax on homes have had the most impact, discouraging a significant slice of foreign capital, CBRE […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-04-2019
    Real Estate Related

  2. B.C. multi-family market continues magnetizing investment

    BC multi-family market continues to draw investors Ephraim VecinaMortgage Broker News Multi-family investment volume in B.C. exceeded the billon-dollar mark for the second straight year in 2018, according to new research by Avison Young. The Spring 2019 BC Multi-Family Investment Report – which specifically tracks multi-family investments valued at more than $5 million – showed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-04-2019
    Real Estate Related

  3. Negative impact of B-20 massively apparent in residential mortgages

    Mortgage volume fell last year Ephraim VecinaMortgage Broker News The tighter mortgage stress tests mandated by B-20 is responsible for Canadian residential mortgage volume falling by as much as $15 billion last year, according to a new CIBC report. Said regulations, introduced in early 2018 as a response to the then-fevered pace of home price […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-04-2019
    Real Estate Related

  4. House price index posts first non-recession March fall in 20 years

    Canada?s home prices continued their downward trend Steve RandallCanadian Real Estate Wealth Canada’s home prices continued their downward trend last month according to a leading measure. The Teranet-National Composite House Price Index was down 0.3% in March compared to the previous month, marking its first decline for any March in its 20-year history with the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-04-2019
    Real Estate Related

  5. BC Real Estate Sector Submits Anti-Money Laundering Recommendations To Government

    Key professions in the BC real estate sector gave recommendations on money laundering BCREA Organizations representing key professions in the BC real estate sector submitted joint recommendations to the provincial and federal governments today to help protect BC’s housing market from money laundering.   The participating organizations include the British Columbia Real Estate Association, the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-04-2019
    Real Estate Related

  6. BC Real Estate Sector Submits Anti-Money Laundering Recommendations To Government

    Key professions in the BC real estate sector gave recommendations on money laundering BCREA Organizations representing key professions in the BC real estate sector submitted joint recommendations to the provincial and federal governments today to help protect BC’s housing market from money laundering.   The participating organizations include the British Columbia Real Estate Association, the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-04-2019
    Real Estate Related

  7. Stress Test Creating Pent-up Deman

    March sales were down 27% from March 2018 BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 per cent from the same month last year. The average MLS® residential price in the province […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-04-2019
    Real Estate Related

  8. Vancouver vacancies, supply drop further this year

    Office vacancies running out Ephraim VecinaMortgage Broker News Office vacancy and availability supply have fallen further in downtown Vancouver since Q3 2018, according to research by Avison Young. In its Tenant Profile Report Q1 2019, Avison Young stated that all tenant sizes are running out of options in the city, contributing to a steady increase […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-04-2019
    Real Estate Related

  9. Squamish Nation expects debate over plans for 3,000 housing units at Burrard Bridge

    Squamish Nation project to spark debate Joanne Lee-YoungThe Vancouver Sun The Squamish Nation’s plan for a housing project with some 3,000 units on land adjacent to the Burrard Bridge and Vanier Park is destined to be one of the most interesting examples in the debate over the needs of future residents and that of existing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 11-04-2019
    Real Estate Related

  10. Ottawa to strengthen National Housing Strategy

    The right to adequate housing for all Steve RandallCanadian Real Estate Wealth The federal government announced Thursday that it is adding more strength to the National Housing Strategy. The right to adequate housing for all Canadians will be supported by several key initiatives: Requiring the adoption and maintenance of a National Housing Strategy (NHS), that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 11-04-2019
    Real Estate Related
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