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  1. Bank of Canada is still not doing enough to guide the nation out of recession-Economist

    Economists: Current BoC measures not enough to counter recession Ephraim VecinaMortgage Broker News

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-10-2020
    Real Estate Related

  2. Canada’s housing market sales history in a closer look

    A closer look at Canada’s off-the charts home sales activity in September Clayton JarvisMortgage Broker News  Last week, CREA released its housing data for September 2020, with the headline number being a nationwide year-over-year increase in sales of 45.6 percent. It’s a colossal figure, but one that makes little room for nuance. As many Mortgage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-10-2020
    Real Estate Related

  3. Front Yard, second largest single family landlord closed deal in $2.4 Billion Deal

    Pretium, Ares to Purchase Front Yard in $2.4 Billion Deal Patrick Clark and Prashant GopalBloomberg Pretium and Ares Management Corp. have agreed to purchase Front Yard Residential Corp. in a deal valued at $2.4 billion that would create the second-largest single-family landlord in the U.S. Front Yard shareholders will receive $13.50 a share, a premium […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-10-2020
    Real Estate Related

  4. Different predictions for Metro Real Estate market

    Diverging predictions for Metro real estate market Joanne Lee-YoungThe Province The Vancouver real estate industry reported another month of higher sales and prices in September and continues to defy dire predictions of a pandemic-induced downturn. But some analysts point out fragile aspects of the market, such as a rising condo inventory and falling condo prices. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-10-2020
    Real Estate Related

  5. Pre-construction condo investors need to be vigilant both seller and buyer

    Careful, pre-construction condo investors. Lenders don’t like funding assignments Clayton JarvisMortgage Broker News Readers of Mortgage Broker News will be all too familiar with the pitch from realtors who specialize in pre-construction condo sales: Put down your deposit, sit back and watch as that piece of paper appreciates faster than any completed condo unit in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-10-2020
    Real Estate Related

  6. Vancouver housing market sales up nearly 54% in mid-October as recovery continues

    Vancouver home sales up nearly 54% in mid-October as recovery continues Sean MacKayLivabl As of the middle of October, 1,741 homes have changed hands in the Vancouver region, up nearly 54 percent from the first half of the month last year. It’s a strong signal that the region’s housing market will deliver more remarkable figures […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-10-2020
    Real Estate Related

  7. First prime 40 storey luxury high rise tower in Burnaby

    Akimbo is Redefining the Skyline in Brentwood Michelle HopkinsREW Burnaby’s first super prime tower offers a new level of luxuryBrentwood has really grown up. Today, this is a sought-after neighbourhood with great outdoor cafes, fabulous shopping, parks, trails, recreational amenities, and a historic business district, all within walking distance. This is where family-owned developer IMANI […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-10-2020
    Real Estate Related

  8. Multi level retail/office sold for $31.2 million in Vancouver

    Vancouver 0.21-acre commercial site sells for $31.2 million Lee & AssociatesWestern Investor Off-market deal involves multi-level retail/office building on West Hastings Street.   Type of property: Retail Location: 475 West Hastings Street, Vancouver Size of property: 9,360 square feet Land size: 0.21 acres Zoning: DD (Downtown district) Sale price: $31.25 million Type of deal: Off-market transaction Date of sale: August 29, 2020 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 14-10-2020
    Real Estate Related

  9. Immigration plunge affecting Vancouver’s rental market

    Vancouver rents fall as immigration goes negative Frank O’BrienWestern Investor  — East Vancouver 16-suite rental building sold for $5 million.| Goodman Commercial Net immigration to British Columbia has gone negative, plunging 111 per cent in the first half of this year compared to the first six months of 2019, adding to concerns in the rental […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 14-10-2020
    Real Estate Related

  10. Travel industry is among the highest affected industry in Covid-19

    WestJet drops most Atlantic Canada flights after demand ‘obliterated’ by travel restrictions Barbara Shecterother Eliminates almost 80 per cent of seat capacity from the Atlantic region — after airline boosted routes thereWestJet president and CEO Ed Sims: The demand for travel has been “severely limited by restrictive policies and third-party fee increases” on top of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-10-2020
    Real Estate Related
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