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  1. Vancouver office building managers’ response to homeless people has shifted

    Office building managers’ approach to homeless people has shifted Hayley Woodin Western Investor There remains a lot of ground to cover in the two years left of Vancouver’s strategic plan to end street homelessness by 2021. Last year, the City of Vancouver counted 659 residents living on the city’s streets – 30 per cent of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-06-2019
    Real Estate Related

  2. These 2 Canadian housing markets keep reaching new all-time price highs

    Montreal and Ottawa home prices up compared to April Josh ShermanLivabl Peak house prices are still being reached in two of Canada’s major housing markets. Again and again, Montreal and Ottawa have reached new heights on the Teranet–National Bank House Price Index, and May was no exception. Montreal prices were up 5.25 percent from a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-06-2019
    Real Estate Related

  3. Pent up demand will drive BC home sales in 2020

    BCREA forcasts a 14% jump in 2020 Steve RandallCanadian Real Estate Wealth As we approach the halfway point of 2019, analysts are applying some 2020 vision to their forecasts. For the British Columbia housing market, which has been dogged by lower sales over the past year, there appears to be better times ahead according to […]

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

  4. Which Metro Vancouver areas are still seeing strong real estate sales? (INFOGRAPHIC)

    Map of sales-to-active-listings ratios shows where the housing hot spots have been this spring; some remain seller?s markets Joannah ConnollyWestern Investor In the current slowing real estate market, it’s easy to read the headlines and imagine that sales are plummeting all over the region and it’s becoming a buyer’s market. But that’s not necessarily true […]

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

  5. Lower Mainland CRE sales down sharply in first quarter

    Commercial real estate sales drop in Lower Mainland Steve RandallCanadian Real Estate Wealth There was a sharp drop in the number of commercial real estate sales in the Lower Mainland in the first quarter of 2019. The Real Estate Board of Greater Vancouver says there were 318 CRE sales in Q1 2019 according to data […]

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

  6. BC home sales increased last month despite stress test struggles

    May sales of 8,221 units was an increase from April Steve RandallCanadian Real Estate Wealth Tighter mortgage lending restrictions continue to constrain the British Columbia housing market although last month did see a rise from the previous month. May sales through the MLS of 8,221 units was an increase from April but was still 7% […]

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

  7. Ottawa to help first time buyers lower mortgage payments

    New federal program to help middle class families purchase a home Steve RandallCanadian Real Estate Wealth A new federal program designed to help middle class families get on the housing ladder is being introduced while the previously announced Shared Equity Mortgage Provider Fund will launch next month. The federal government has announced that the First-Time […]

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

  8. Many Canadian provinces unprepared to house Hong Kong expats

    Canadians in Hong Kong might flee for security reasons Ephraim VecinaMortgage Broker News Now on their second week, massive protests in Hong Kong continued to pressure its leaders to step down and revoke a contentious extradition bill – which might lead to a significant number of expats fleeing the territory for security reasons, an industry […]

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

  9. 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

  10. 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

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