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  1. BC Home Sales to Rise in 2020

    BCREA 2019 Second Quarter Housing Forecast BCREA The British Columbia Real Estate Association (BCREA) released its 2019 SecondQuarter Housing Forecast today. Multiple Listing Service®(MLS®) residential sales in the province are forecast to decline 9per cent to 71,400 units this year, after recording 78,346residential sales in 2018. MLS®residential sales are forecast to increase 14per cent to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2019
    Real Estate Related

  2. Canadian home sales returned to historical average last month

    CREA reported a 1.9% increase in home sales Steve RandallREP There was a further increase in home sales nationwide in May, finally returning sales to 10-year average levels for the month. The Canadian Real Estate Association reported a 1.9% month-over-month increase while actual seasonal activity gained 6.7% year-over-year; the largest annual gain in three years. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-06-2019
    Real Estate Related

  3. Vancouver leads major global markets for office rent growth

    Investors in Vancouver offices see greatest growth Steve RandallREP Investors in prime offices in Vancouver are seeing the greatest rent growth across major global markets. A report from CBRE shows that over the past two years rents have gained 31%, beating growth in London, Tokyo, and New York combined. Vancouver is the only city to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-06-2019
    Real Estate Related

  4. CREA Updates Forecast as Sales Return to Normalcy in May

    CREA Reverses Glum Forecast as Sales Improve Penelope Grahamother National real estate sales continued to improve in May, inching closer to the historical norm. That’s put upward pressure on home prices and has also prompted the Canadian Real Estate Association (CREA) to positively update its forecast for the remainder of this year and next. Sales […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-06-2019
    Real Estate Related

  5. New details emerge about federal First-Time Home Buyer Incentive

    The government?s First-Time Home Buyer Incentive will launch on September 2 Bryan Mullan and Mercedes Stephenson other WATCH: Minister Duclos reveals new details about federal First-Time Home Buyer Incentive Global News has learned the government’s First-Time Home Buyer Incentive will launch on September 2, days before an expected fall election call. The new program was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2019
    Real Estate Related

  6. BC Home Sales on the Rise in May

    BC home sales increased 9 per cent in May compared to April REBGV The British Columbia Real Estate Association (BCREA) reports that a total of 8,221residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, a decline of 7per cent from the same month last year. The average MLS® residential price in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-06-2019
    Real Estate Related

  7. Chinese crime baron linked to major laundering operation in BC

    Chinese cartel drug boss used law firm to launder money Ephraim VecinaMortgage Broker News An alleged Chinese cartel drug boss used Liberal MP Joe Peschisolido’s law firm to launder money through a Metro Vancouver project, according to an in-depth investigation by Global News. The deal for the condo development was a “bare trust” joint venture […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-06-2019
    Real Estate Related

  8. Millennials need a major home price drop or sharp wage increase

    Generation Squeeze says that in many cities there would have to be a major drop in home prices Steve RandallREP Despite some lower prices recently, many young Canadians are still far from able to afford to buy a home according to a new report. Generation Squeeze says that in many cities there would have to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-06-2019
    Real Estate Related

  9. Condo Smarts: Council has a duty to keep building secure

    Council has a duty to keep all building systems secure Tony GioventuThe Province Dear Tony: How does a strata corporation manage access to common areas that contain mechanical equipment or which is not intended for recreational or casual use? We have a council member who is insisting he be given common-area keys to the electrical […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-06-2019
    Strata Information

  10. Feds announce $10M for RCMP to fight money laundering after ministers’ meeting

    Ministers discussed the importance of prosecuting money launderers Canadian PressCanadian Real Estate Wealth The federal government has announced $10 million to help the RCMP prosecute money laundering after a special meeting in Vancouver of Canada’s finance and justice ministers to discuss the pervasive problem. Finance Minister Bill Morneau says the ministers discussed the importance of […]

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

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