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  1. B.C. Supreme Court rules against developer Concord Pacific in Plaza of Nations case

    High-profile real-estate legal battle may not be over Chuck Chiang Western Investor The Supreme Court of British Columbia has sided with site owner Oei Hong Leong in a lengthy legal battle between the Singapore-based magnate and Vancouver development giant Concord Pacific Group over the Plaza of Nations site. In a judgement released on July 19, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-07-2019
    Real Estate Related

  2. Short-term rentals and Airbnb: What you need to know

    What are the rules for Airbnb? Mark WeislederREM What are the rules for Airbnb? Every city will set its own rules for renting out all or part of a property on Airbnb or other short-term rental websites. In Toronto, for example, it is expected that only a principal residence will be able to be used […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-07-2019
    Real Estate Related

  3. Hundreds of pre-sale Richmond condo owners left hanging by developer

    A Richmond developer has pulled the plug on a 15-storey mixed use residential tower Nono Shen & Alan Campbell Western Investor A Richmond developer has pulled the plug on a 15-storey mixed use residential tower in the city centre, leaving more than 100 pre-sale buyers in the lurch. Andersons Square Holdings Ltd., run by former […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-07-2019
    Real Estate Related

  4. Bank of Canada lowers rate used in mortgage stress tests

    Benchmark interest rate for stress test lowered Canadian Real Estate Wealth A key Canadian interest rate used by lenders to determine who can qualify for a mortgage has dropped for the first time in almost three years, potentially giving the country’s housing market a near-term boost. The Bank of Canada lowered its 5-year conventional mortgage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-07-2019
    Real Estate Related

  5. Council goes against strata act

    Council defied strata act with cameras Tony GioventuThe Province Dear Tony: Our strata council has just purchased and installed eight cameras in our main entry, and parking entry to try and address a growing security problem in our community. At first, council refused to disclose how much was paid for the cameras and monitoring service […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-07-2019
    Strata Information

  6. Orchard Park has 80 townhomes located at 16650 25A Avenue Surrey developed by StreetSide Developments

    Orchard Park takes a site next to green space, but close to shops and services Simon BriaultThe Province A useful measure of the quality of a product is whether those selling it to would buy it themselves. That’s absolutely the case when it comes to homes built by StreetSide Developments, according to Jennifer Wilson, the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-07-2019
    Real Estate Related

  7. Presale condo project sales rates hit new lows in Metro Vancouver

    Presale condo-project sales rate hits new low Joanne Lee-YoungThe Province The sales rate for presale condos hit a low of 14 per cent in June, with buyers signing sales contracts for only 73 out of the 519 units on the market in Greater Vancouver and the Fraser Valley. “It’s the lowest number for a long time,” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-07-2019
    Real Estate Related

  8. BC home sales constrained by static qualifying mortgage rate

    BC home sales down 11% in June Steve RandallMortgage Broker News Home sales in British Columbia continue to be constrained with a year-over-year decline to 6,960 units in June. The 11.8% decline reported by the British Columbia Real Estate Association continues the recent trend and comes as prices ease and listings increase. Meanwhile, buyers continue […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-07-2019
    Real Estate Related

  9. Canadian home sales were flat last month says CREA

    Little change in June home sales Steve RandallMortgage Broker News After a few months of increases, Canadian home sales took a pause in June with little change from the previous month. The latest stats from the Canadian Real Estate Association (CREA) show a 0.2% decline in sales month-over-month in June while year-over-year activity on an […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-07-2019
    Real Estate Related

  10. Legal issues to consider when buying a cottage

    Torontonians moving to rural areas for housing Natalka FalcomerREM Maybe it’s the new flight service by Porter Airlines to Muskoka or maybe it’s the smog that’s prompting Torontonians to move from the hustle and bustle of the city to set up a life in cottage country. Or maybe (and more likely) it’s the cost of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-07-2019
    Real Estate Related
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