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  1. May housing starts cause for concern?

    CMHC says housing starts slowed in May REP Canada Mortgage and Housing Corp. says the pace of housing starts slowed in May. The housing agency say the seasonally adjusted annual rate of housing starts slipped to 202,337 units in May, down 13.3 per cent from 233,410 units in April. Economists on avearge had expected an […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2019
    Real Estate Related

  2. Market collapse appears less likely says RBC

    A market report from real estate boards recovery underway Steve RandallCanadian Real Estate Wealth Last week’s market reports from real estate boards including those in Vancouver and Toronto show that there is recovery underway with even the tough market conditions in Vancouver suggesting a bottoming-out. This is unlikely to end calls for the mortgage stress […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2019
    Real Estate Related

  3. Vancouver commercial investment is not having a good 2019 so far

    Commercial asset investment in Vancouver is weak Ephraim VecinaCanadian Real Estate Wealth Aside from a surging office market, commercial asset investment in Vancouver has been weak so far this year, according to new research by Altus Group. A total of 322 commercial transactions were completed in the market during the first quarter, shrinking by 49% […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2019
    Real Estate Related

  4. Down payments are the biggest fear for first-time buyers

    A poll showed that 57% of first time buyers concerned about the down payment Steve RandallREP Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey. The poll of recent homebuyers by mortgage insurer Genworth Canada and real estate brokerage Royal LePage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-06-2019
    Real Estate Related

  5. Sotheby’s International Realty Canada franchise rights sold

    Peerage Realty partners acquire Sotheby’s international Realty Canada Steve RandallREP The real estate-focused business of investment firm Peerage Capital is to acquire the franchise rights of Sotheby’s International Realty Canada. Through a wholly owned subsidiary, Peerage Realty Partners will acquire the rights from a subsidiary of Dundee Corporation. The transaction is expected to close around […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-06-2019
    Real Estate Related

  6. Vancouver condo launches picked up steam in May after slow April

    Developers launched more condo projects in May Josh ShermanLivabl Lower Mainland developers launched more condo projects across the Vancouver area and the Fraser Valley in May following a slower April, MLA Advisory reports. MLA Advisory, the research branch of condo marketers MLA Canada, says 10 condo projects started selling units last month, compared to seven […]

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

  7. Developer postpones pre-sales for high-rise towers in Burnaby and Coquitlam

    New Burnaby and Coquitlam projects were unable to pre-sell 50 per cent of their units Joanne Lee-YoungThe Province Vancouver developer Ledingham McAllister is putting on hold the launch of pre-sales for three high-rise, transit-hub condo towers in Burnaby and Coquitlam, and is considering a pause on a fourth. The total value of the projects — […]

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

  8. Condo Smarts: Strata act spells out rules regarding interest

    Strata act spells out rules regarding interest Tony GioventuThe Province Dear Tony: Our strata corporation has just issued its final accounting report on a special levy that was collected over two years for a major building upgrade. The account collected $3.8 million and shows every strata lot owner as paid; however, there was a significant […]

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

  9. Toppen Ridge 24 two and three bedroom townhomes at 237 Ridgeway Avenue North Vancouver by Formwerks Boutique Properties

    Toppen Ridge to make its home in North Vancouver’s Moodyville Kathleen FreimondThe Province Toppen Ridge, a project from Formwerks Boutique Properties, comprises 24 two- and three-bedroom townhomes. Toppen Ridge townhomes in North Vancouver will range up to more than 1,500 square feet with interior designs that feature a neutral pallet and a boutique feel Some […]

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

  10. Single-family detached homes give boost to Fraser Valley sales

    FVREB reported a 10% increase in May Sales Steve RandallCanadian Real Estate Wealth There was a slight rise in home sales in the Fraser Valley in May but sales remain 18% below the 10-year average. The Fraser Valley Real Estate Board reported a 9.7% month-over-month increase (13.7% year-over-year decrease) to 1,517 sales, driven by the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-06-2019
    Real Estate Related

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