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  1. B.C. residential sales ‘continue to recover’ from policy shock: BCREA

    BCREA also reported that the average residential price in the province was $685,575 last month, an increase of 2.6 per cent from August 2018. The increase in both prices and activity last month meant that total sales dollar volume was $4.86 billion, a 7.6 Joannah ConnollyWestern Investor Residential resale transactions across B.C. “continue to recover” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2019
    Real Estate Related

  2. All strata-lot owners should ensure they have adequate insurance

    Ensure strata lots have adequate insurance Tony GioventuThe Province Dear Tony: You mention in your Sept. 5 article that discusses the $75,000 water damage incident to three units where the deductible is $100,000 that “each strata-lot owner will be responsible for the repairs to their own units.” Are you saying that the three impacted owners […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2019
    Strata Information

  3. Building permits rise led by commercial and multifamily

    Canadian municipalities registered and increase in building permits Steve RandallREP Canadian municipalities issued $8.3 billion worth of building permits in July according to new figures from Statistics Canada. The 3% gain month-over-month and 0.7% increase from a year earlier was driven by gains in the multifamily and commercial property types. Residential permits totaled $5.1 billion, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-09-2019
    Real Estate Related

  4. Residential REITs: Hungry, active and leading the pack

    Canadian REITs weighted to housing have posted an average 18.6 per cent return in the past year and are still prowling for quality acquisitions Frank O’BrienWestern Investor Residential real estate investment trusts (REITs) are leading the REIT sector this year and apparently see opportunity in the Metro Vancouver market that has spooked most residential investors […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2019
    Real Estate Related

  5. BCREA 2019 Q3 – 75,000 sales in 2019 YTD, 23,000 realtors, Average sale price )$718,000, 11 real estate boards

    BC Homes Sales Set to Normalize in 2020 BCREA The British Columbia Real Estate Association (BCREA) released its 2019 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 5 per cent to about 75,000 units this year, after recording 78,505 residential sales in 2018. MLS® […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  6. Metro Vancouver sales return to more typical levels

    Metro Vancouver home sales up this summer Steve RandallREP Home sales in Metro Vancouver increased in double digits year-over-year in August. Total sales of 2,231 reported by the Real Estate Board of Greater Vancouver was 12.7% below the July total but was 15.7% higher than in August 2018. Sales were 9.2% below the 10-year average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  7. Toronto Real Estate Board says home sales up in August

    TREB releases latest home sales data Mortgage Broker News The Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4 per cent compared with a year ago. The board say there were 7,711 home sales through its MLS system in August, up from 6,797 sales reported in August […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  8. Big increases have hit strata insurance customers

    Delinquent repairs could lead to high insurance deductibles Tony GioventuThe Province Dear Tony: Our strata corporation is an older wood-frame condo. In the past three years we have experienced a number of water claims on our insurance. Two claims this year were failures of pipes, and last year leaks were owner caused as a result […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Strata Information

  9. Winston Terraces 19624 56 Avenue Langley 26 two, three and four bedroom townhomes by Quadstar Development

    Winston Terraces homes feature huge roof decks that will make for stylish outdoor living Kathleen FreimondThe Province As Langley continues to grow – according to Statistics Canada, the municipality’s population has increased by 12.6 per cent since 2011 – developers are responding to the demand for housing with a range of new multi-family homes. One […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  10. Housing rental increase in B.C. set at 2.6 per cent in 2020

    Housing rental hike pegged at maximum of 2.6% for 2020 in the province Tiffany CrawfordThe Province If you rent your home in B.C. you could be paying as much as 2.6 per cent more next year. That’s the most that landlords are allowed to hike rent in 2020 as set by the B.C. government Wednesday. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

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