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  1. CBRE is forecasting a “once in a generation” moment for CRE

    The commercial real estate is in demand Steve RandallCanadian Real Estate Wealth Market conditions for Canada’s commercial real estate sector are lining up a “once in a generation” moment according to a new outlook. CBRE makes its forecast based on record low vacancy rates, rising rents, waves of new construction, and an unprecedented bargaining position […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-02-2019
    Real Estate Related

  2. BC’s housing market is starting to turn a corner

    BCREA expects a 2% gain in 2019 Steve RandallCanadian Real Estate Wealth The declining trend of home sales in British Columbia is expected to end in 2019 with a modest climb in forecasted sales, although conditions will remain subdued. The British Columbia Real Estate Association expects MLS residential sales in the province to gain 2% […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2019
    Real Estate Related

  3. B.C. launches condo pre-sale registry

    New provincial rules require buyers to report the identity and citizenship of assignment buyers Rob Shaw The Province VICTORIA — B.C. has launched a first-of-its-kind registry to track pre-sale condo purchases, a move that may help combat tax evasion but is not expected to drive down condo prices. The new pre-sale registry will collect data […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2019
    Real Estate Related

  4. B.C. finally brings down the axe on speculators

    BC launches the Condo and Strata Assignment integrity Register Ephraim VecinaCanadian Real Estate Wealth B.C.’s Ministry of Finance has announced the launch of the Condo and Strata Assignment Integrity Register, the latest thrust in its efforts to crack down on the speculation that has inflamed the province’s housing prices to unprecedented heights. Finance Minister Carol […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2019
    Real Estate Related

  5. BC becomes first in Canada with housing ‘integrity’ register

    B.C. launches condo pre-sale registry Steve RandallCanadian Real Estate Wealth The identity and citizenship of all parties in a condo or strata transaction in British Columbia will be listed in a new register. The BC finance minister confirmed Monday that the provincial government has launched the Condo and Strata Assignment Integrity Register (CSAIR) with the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2019
    Real Estate Related

  6. Vancouver considers changes to city’s empty homes tax

    City staff want to increase the empty homes tax or charge a different rate for foreign owners Dan Fumano The Province Vancouver city staff want to look at changing the city’s empty homes tax, the first of its kind in North America, and that could mean increasing the tax or charging a different rate for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2019
    Real Estate Related

  7. Further cooling policies still needed – B.C. Finance Minister

    Greater affordability – housing slowdown Ephraim VecinaCanadian Real Estate Wealth Policies that cultivate further housing slowdown are still needed to ensure greater affordability in B.C., Finance Minister Carole James said last week. The statement came amid official reports of considerable slowdown in the province’s home price growth and sales activity, after several changes were introduced […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2019
    Real Estate Related

  8. Near-record housing starts expected to fall

    Predicted 30-per-cent drop sets off debate on whether too many, or too few, condos are being built Joanne Lee-YoungThe Province The NDP budget forecast a drop in housing starts by as much as 30 per cent across B.C. over the next three years, sparking debate about whether there are too many, or too few, condos […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-02-2019
    Real Estate Related

  9. Expect a slow year for the housing market says RBC economist

    CREA report shows market to be slow Steve RandallREP The latest home resales data from CREA showed an improvement in January with a 3.6% rise following declines across the fourth quarter of 2018 (cumulatively 4.3%). But despite some positives, the outlook for 2019 overall is for the Canadian market to remain subdued due to the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-02-2019
    Real Estate Related

  10. Best bid no guarantee of the best result

    Multiple bids alone will not assure success or best value Tony GioventuThe Province Dear Tony:  Our strata owners recently approved $1.8 million from our contingency fund on elevator upgrades, deck and balcony repairs and the replacement of our boilers. At our general meeting, an owner questioned the council on how the funds would be spent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-02-2019
    Strata Information

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