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  1. Impact of coronavirus on real estate will be “modest and temporary at most” says REIN

    The Real Estate Investment Network downgrades effect of coronavirus on real estate REM Disruptions in GDP growth rates can affect real estate markets within an 18-month period, according to REIN?s Long-Term Real Estate Success Formula. The impacts of the new coronavirus on Canadian real estate is expected to be “modest and temporary at most,” says […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-02-2020
    Real Estate Related

  2. eXp Realty opens NS operations in the next leg of Canadian expansion

    Cloud brokerage eXp Realty has announced the launch of its operations in Nova Scotia Ephraim VecinaMortgage Broker News Cloud brokerage eXp Realty has announced the launch of its operations in Nova Scotia, in the latest of its steps towards further expansion in Canada. The company’s Nova Scotia arm will be led by Provincial Administrative Broker […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-02-2020
    Real Estate Related

  3. Some condo buildings unable to buy insurance

    Stratas reporting they are unable to renew coverage or face unexpected large premium hikes Dan FumanoThe Province More B.C. stratas are reporting unpleasant surprises when they try to renew condo insurance, with some facing shocking premium hikes and others unable to buy building insurance at all. At least one federally regulated insurance provider has ceased […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-02-2020
    Real Estate Related

  4. Condo owners face huge bills from massive strata insurance rate hikes

    Strata property owners – and those who rent from them – are looking at unprecedented costs Joannah ConnollyVancouver Courier A crisis is bubbling up in the condo sector, with insurance companies hiking building insurance premiums to unprecedented levels, leaving condo owners (and their renters) on the hook for huge bills. The cost of strata’s building […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-02-2020
    Real Estate Related

  5. BC Housing Markets Off to a Strong Start in 2020

    BCREA reports a 23% increase in Residential Sales in January BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January 2019. The average MLS® […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-02-2020
    Real Estate Related

  6. Canada’s tallest condo tower coming to downtown Toronto

    95-storey tower in Toronto tallest residential building Kimberly GreeneMortgage Broker News Luxury builder Pinnacle International launches phase one of its newest condo building, named SkyTower, which will rise more than 1,000 feet over Lake Ontario—quite literally taking the Toronto condo market to new heights. The Pinnacle One Yonge development will be Canada’s tallest residential condominium […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-02-2020
    Real Estate Related

  7. Two methods to obtain strata records

    Buyers can get information about corporation, future maintenance and the insurance policy Tony GioventuThe Province Dear Tony: Our family has been shopping for a two-bedroom condo for the past three months and finally found a location and price range that fits our needs. We put in an offer on the condo subject to receiving specific […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-02-2020
    Strata Information

  8. Paradigm 3202 Riverwalk Avenue a 22 storey tower with 268 homes by Wesgroup Properties

    Wesgroup’s Paradigm project in Vancouver?s River District targets millennials Michael BernardThe Province With millennials as its major target group, Wesgroup Properties has spent much time and energy considering what this demographic group needs and wants in a first home. The result of its efforts is Paradigm, Wesgroup’s newest residential project in Vancouver’s River District. “We […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-02-2020
    Real Estate Related

  9. B.C. residential sales, prices jump year over year

    Housing market “off to a strong start in 2020” as many regions recover from recent downturn Joannah ConnollyWestern Investor Both total residential resale transactions across B.C. and the province’s average sale price jumped in January 2020, resulting in an annual rise in total dollar volume of 35 per cent, the B.C. Real Estate Association reported […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-02-2020
    Real Estate Related

  10. Most brokers say their market is “undervalued” says RE/MAX

    Low inventory major factor in buyers not buying Steve RandallCanadian Real Estate Wealth More than 6 in 10 real estate brokers say they are seeing buyers priced out of their markets despite better housing affordability. A Leger survey for RE/MAX reveals that the reason many would-be first-time buyers are struggling to get on the property […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-02-2020
    Real Estate Related

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