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  1. Developers hit pause on riskier, highrise condo projects: Urban Analytics

    Highrise condo projects, which carry significant risk for developers and construction lenders, comprised the largest proportion of postponed developments Joanne Lee-YoungThe Vancouver Sun Vancouver-based developer Townline gave official notice that it’s postponing its Meridian project, a 39-storey tower with one-, two- and three-bedroom units near the Evergreen Line in Coquitlam. Other developers, who had been […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-05-2019
    Real Estate Related

  2. Latest Vancouver real estate pitch: Free wine for a year with pre-sale condo purchase

    Whether it is free wine or avocado toast, creative offers are signs of the times in a real estate market with slowing sales. Derrick PennerThe Vancouver Sun A Vancouver condo developer is offering free wine to presale buyers in an attempt to one-up a competitor that offered free avocado toast to purchasers — attention-seeking gimmicks […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-05-2019
    Real Estate Related

  3. Developers step up quirky incentive game to lure new condo buyers

    We’ll see your avocado toast and raise you a glass of wine Joannah ConnollyWestern Investor The trend for quirky new-home buyer incentives is continuing after developer Woodbridge Homes recently offered a year’s worth of avocado toast to buyers of homes at its West Coquitlam development KIRA. Today, developer Wesgroup is throwing down the gauntlet and telling […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-05-2019
    Real Estate Related

  4. Amid taxes, values of Metro Vancouver properties fall substantially

    Restrictive policies led to loss in property values Ephraim VecinaMortgage Broker News An array of restrictive policies like school and speculation taxes have led to the loss of as much as $90 billion in the overall value of Metro Vancouver properties, according to an analysis by a non-partisan organization. The study conducted by STEPUP Now […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-05-2019
    Real Estate Related

  5. Variations apply to strata rental bylaws

    Condo Smarts: Variations apply to bylaw rentals Tony GioventuThe Province Dear Tony: If a strata corporation has a bylaw that limits the number of rentals to 10 out of 100, how are they counted? Our strata council has advised owners there are no rental spaces available; however, I am included as one of the rentals […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-05-2019
    Strata Information

  6. Cedar walk at Lelem 140 apartments and townhomes at 5410 Shortcut Road by Polygon Cedar Walk Homes Ltd

    Polygon?s Cedar Walk at Lelem launches a new 22-acre community Barbara GunnThe Province Cedar Walk at Lelem What: 140 concrete one- and two-bedroom apartments and four-bedroom townhomes Where: 5410 Shortcut Road, Vancouver (off University Blvd. and Toronto Road) Residence size and prices: 568 — 1,513 sq. ft. (apartments); 1,917 — 2,077 sq. ft. (townhomes); one-beds […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-05-2019
    Real Estate Related

  7. Developers could possess information about money launderers

    Only developers know who is purchasing preconstruction units Neil SharmaMortgage Broker News Could the government forcing real estate developers to divulge buyer information become a key cog in the fight against money laundering? “Where they need to start first, if they’re going to get information on this, is with developers because this problem isn’t as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-05-2019
    Real Estate Related

  8. One in five proposed Vancouver housing units has been shelved: report

    New home sales fell seven per cent last year, on top of a 31 per cent decline in 2017, causing developers to abandon projects Joannah ConnollyWestern Investor With new home sales dropping in tandem with resale residential units, Vancouver developers have been rapidly shelving projects, according to a new report by Altus Group. Of the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-05-2019
    Real Estate Related

  9. April home sales show Canadians have largely adapted to B-20

    BMO says Canadian housing activity stabilizing Ephraim VecinaCanadian Real Estate Wealth Recent sales activity might indicate that the national market has already acclimated to the largest impacts of B-20, according to Bank of Montreal chief economist Doug Porter. “Canadian housing activity appears to be broadly stabilizing, as there are signs that the market has largely […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-05-2019
    Real Estate Related

  10. Housing shortage is feeding rental fraud

    Rental stress hits landlords and tenants Charla Huber M?akola Group of Societies Western Investor Whether you are the one looking for a rental home or a landlord seeking a tenant for your rental home, it’s a stressful time, Charla Huber writes. There is no denying that we are in a housing crisis and that is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-05-2019
    Real Estate Related

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