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  1. Big Six banks cut prime lending rates yet again

    Canadian banks slash rime lending rate Duffie OsentalMortgage Broker News Canada’s largest banks have slashed their prime lending rate to 2.45% from 2.95%, matching last week’s move by the Bank of Canada to slash the overnight rate by another 50 basis points. RBC Royal Bank, Scotiabank, Toronto-Dominion Bank (TD Bank), BMO Bank of Montreal, and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-03-2020
    Real Estate Related

  2. COVID-19: More Support Coming for Canadian Businesses

    Feds setup a wage subsidy program for businesses other To help negate some of the impacts Canadians and our economy will face resulting from the effects of the COVID-19 pandemic, the federal government unveiled additional support through a wage subsidy program for businesses on Friday. Earlier in the day, the Bank of Canada lowered its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-03-2020
    Real Estate Related

  3. COVID-19 Showing Waiver Form

    Property Viewing COVID-19 Protocol The Vancouver Sun PROPERTY ADDRESS:_______________________________________________________________ Hello! Please understand that with the outbreak of the recent COVID-19 VIRUS, there is a risk associated with you entering this home for a showing. By entering, you assume all risk and liability with regard to the COVID-19 virus and will hereby waive all liability and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-03-2020
    Real Estate Related

  4. Meter parking temporarily suspended in City of Vancouver

    Vancouver responding to demands for parking other The City of Vancouver is making changes in its parking restrictions in an effort to support essential workers and frontline staff. In a statement to Daily Hive, the City of Vancouver says it is “responding to the changing demands for parking” by temporarily suspending enforcement for the following: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2020
    Real Estate Related

  5. Vancouver April Market Report

    Canadian businesses will be supported by deferring income tax payments to August 31st other The CoStar Canada Market Analytics Team recently released its April newsletter update focused on Vancouver. Check out the team’s assessment of performance across all Vancouver market segments, and its forecast for the days and months ahead, below. As the world comes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2020
    Real Estate Related

  6. The Impact of COVID-19 to the Real Estate Market Vs the 2008 Financial Crisis

    Comparing COVID-19 to 2008’s financial crisis can give you some insights Justin KerbyREW The COVID-19 pandemic is affecting markets around the world, including here in Canada. New developments are coming out every day, and it can be hard to predict where things are headed. The Canadian real estate market faces uncertain times, with many drawing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2020
    Real Estate Related

  7. B.C. real estate market frozen over COVID-19 uncertainty

    Fears of spreading COVID-19 and less job security are contributing to frozen market Joanne Lee-YoungThe Province The local real estate market is mostly frozen as fears about the spread of COVID-19 have halted most home showings and there is uncertainty in the market for buyers and sellers. The list of causes for this uncertainty is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2020
    Real Estate Related

  8. Mortgage Rate Forecast

    The panic sent Canadian bond yields down sharply BCREA HIGHLIGHTS COVID-19 sends interest rates plummeting Canadian recession unavoidable Bank of Canada cutting rates, but how low? Read The Full Report HERE Mortgage Rate OutlookThe growing fears of the potential impact of COVID-19 resulted in a full market meltdown in late February, sending equity markets into […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2020
    Real Estate Related

  9. Landlords, renters to get help from British Columbia government

    BC government to support landlords, renters Steve RandallCanadian Real Estate Wealth The British Columbia government has announced support for the province’s landlords and renters during the coronavirus crisis. It is introducing a new rental supplement to pay up to $500 a month towards rent payments, building on provincial and federal support already announced. The payment […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2020
    Real Estate Related

  10. Ethics Guy: Doing business virtually in a crisis

    KimREBGV It goes without saying that we’re expected to look after our clients and not to put them in harm’s way.  I’d think many potential buyers and sellers are sitting things out for awhile, waiting for the risk of catching or spreading COVID-19 to subside.  If you encounter a seller or buyer who absolutely has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2020
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