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  1. Many BC markets favour buyers but there are exceptions

    Vancouver Island among others have a balance between supply and demand Steve RandallCanadian Real Estate Wealth Home sales in BC were down 33.2% in January compared to a year earlier. Figures from British Columbia Real Estate Association show that 3,546 sales were recorded by the MLS in January. Prices were also lower with an average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-02-2019
    Real Estate Related

  2. Parkview Estates 16525 103 Avenue Surrey 64 single-family home lots by Foxridge Homes

    At Foxridge Homes’ Parkview Estates, homebuyers can select from dozens of finishing touches Barbara Gunn The Vancouver Sun Parkview Estates Project address: 16525 — 103 Avenue, Surrey Developer: Foxridge Homes Architect: In-house Interior designer: First Impression Design Project size: 64 single-family home lots Unit size: four-, five- and six-bedroom homes; 3,300 — 4,300 square feet […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-02-2019
    Real Estate Related

  3. Hot Surrey housing beats Vancouver (and 81 other North American cities) in home price gains

    This BC suburb sees second-largest home price gains in North America Josh Sherman other Move over, Vancouver. Surrey has had the second-fastest rising home prices in North America over the past five years, suggests a study of 83 major North American cities that also sees five other Canadian cities make the top 10. Between 2013 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-02-2019
    Real Estate Related

  4. Strata rules oversee common facilities

    Strata rules must be approved by vote Tony GioventuThe Province Dear Tony: Our highrise building has a recreation room that can be rented for private parties and is used for social events and meetings in our community. As a result of several owner events where there have been additional janitorial costs, our strata council has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-02-2019
    Strata Information

  5. New brokerage entices recruits with unique incentives

    Low commissions and rebates a hit Neil SharmaREP There’s a new realty brokerage in town and it’s already a hit with consumers. Justo Inc. has only been operating in the Greater Toronto Area since September, but the reception it has received from consumers has been resoundingly positive. One reason is that the brokerage returns 50% […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-02-2019
    Real Estate Related

  6. Redfin comes to Canada with full-service agents in Toronto

    Redfin in Vancouver coming soon Steve RandallREP One of America’s fastest-growing real estate firms has now launched in Canada. Redfin positions itself as a “technology-powered residential brokerage with a mission to redefine real estate” to favour consumers; and has expanded swiftly in the US with 85 markets. It has also launched a homebuying service and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-02-2019
    Real Estate Related

  7. Red tape is a major influence in Vancouver’s housing scarcity

    Bureaucratic roadblocks hinder housing supply Neil SharmaCanadian Real Estate Wealth Bureaucratic roadblocks continue to have a major influence on Metro Vancouver’s housing supply, as these intricacies have led to massively overdue project approvals, according to the recently released Market Intel real estate report by MLA Canada. Burnaby, Vancouver, and the District of North Vancouver are […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-02-2019
    Real Estate Related

  8. ‘Non-individuals’ own 10% of B.C. residential property: CMHC

    Non-individual ownership in Kelowna outstrips that in Vancouver Tyler Orton Western Investor Nearly one in 10 residential properties in B.C. are owned by “non-individual entities,” according to the Canada Mortgage and Housing Corporation (CMHC). Tuesday’s (February 12) report from the Crown corporation finds that non-individual ownership of residential properties amounts to 9.8 per cent in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-02-2019
    Real Estate Related

  9. Province expecting $400M hole in Property Transfer Tax revenues

    Housing market slowdown has slashed B.C. government?s projected income from purchase taxes, including foreign buyer tax revenues Joannah ConnollyWestern Investor The real estate market slowdown may feel like good news for many who are struggling to afford a home in our pricey province – but certainly it’s not good news for the provincial coffers. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-02-2019
    Real Estate Related

  10. Canada’s housing starts remained steady in January

    Vancouver housing starts were hold-steady Steve RandallCanadian Real Estate Wealth The trend for Canadian housing starts was steady in January with 208,131 units improving on December’s 207,171 units. CMHC’s latest 6-month moving average shows that things have snapped the recent trend towards fewer starts. “After recent declines, the national trend in housing starts held steady […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-02-2019
    Real Estate Related

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