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  1. CMHC adds new level of stress to homebuyers

    New CMHC Rule changes in effect July 1st! Frank O’BrienWestern Investor Canada Mortgage and Housing Corp.(CMHC), the largest insurer of residential mortgages in Canada, has tightened mortgage qualifications in a move expected to slow first-time home buying, and send a chill through the multi-family market. Canada’s national mortgage insurance provider unveiled the stricter underwriting policies […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-06-2020
    Real Estate Related

  2. Plenty to consider before re-opening shared facilities

    The absolute first priority in opening shared facilities is the safety of residents Tony GioventuThe Province Dear Tony: Our strata corporation share’s a central community facility with five other properties. There is a club house for meetings of up to 100 people, a kitchen and lounge, fitness centre, change rooms and showers for the pool […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-06-2020
    Strata Information

  3. Horizon 21 at 218 Blue Mountain Street Coquitlam 150 homes in a 21 storey tower by Centred Developments

    Centred Development launches Horizon 21, a 150-unit tower in growing Coquitlam neighbourhood Simon BriaultThe Province The COVID-19 pandemic may have choked off much economic activity in the Lower Mainland, but the developers behind a new residential tower in Coquitlam are hoping that people still know a good deal when they see one. Centred Development’s Horizon […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-06-2020
    Real Estate Related

  4. New CMHC Rule changes in effect July 1st!

    CMHC is changing its underwriting policies for insured mortgages other The COVID-19 pandemic is affecting all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely impacting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the next 12 months. In order to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-06-2020
    Real Estate Related

  5. Why landlords are not applying to the commercial rent relief program

    CECRA program relies on both parties to work together Natalka FalcomerREM The most critical element you need to get a “good deal” is integrity. And this element is playing an even more critical role as I assist landlords and tenants navigate the Canada Emergency Commercial Rent Assistance (CECRA) program. The reason is simple: the program […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-06-2020
    Real Estate Related

  6. The Eventide 1460 Bute 3 Luxury Rental homes by Stanley Dee

    Vancouver most luxurious rental homes in limbo Frank O’BrienWestern Investor Perhaps the three most luxurious rental homes in Vancouver completed this month but remain in limbo due, the developer says, to a unique lease arrangement and a pandemic that has kept the targeted tenants at bay. The Eventide, a four-storey apartment building with just three […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-06-2020
    Real Estate Related

  7. Toronto Home Sales Rise 55% Since April, Average Price Down 5% From February: TRREB

    Toronto Regional Real Estate Board shows sales improved across the region other As home buyers, sellers and the real estate industry at-large adjust to new market conditions and health and safety measures under the COVID-19 emergency, new data from the Toronto Regional Real Estate Board (TRREB) for May shows that sales activity improved substantially across […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-06-2020
    Real Estate Related

  8. Toronto Home Sales Rise 55% Since April, Average Price Down 5% From February: TRREB

    Toronto Regional Real Estate Board shows sales improved across the region other As home buyers, sellers and the real estate industry at-large adjust to new market conditions and health and safety measures under the COVID-19 emergency, new data from the Toronto Regional Real Estate Board (TRREB) for May shows that sales activity improved substantially across […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-06-2020
    Real Estate Related

  9. COMMERCIAL ACTIVITY NOSEDIVES IN 2020 Q1

    The BCREA Commercial Leading Indicator (CLI) was down sharply BCREA The BCREA Commercial Leading Indicator (CLI) was down sharply in the first quarter of 2020 from 134.2 to 123.2, reflecting the slowdown prompted by the COVID-19 pandemic. Compared to the same time last year, the index was down by 4.8 per cent. The pandemic-induced shutdown […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-06-2020
    Real Estate Related

  10. Surrey 1008A Land Development going forward in Anniedale-Tynehead – will bring 120K new residents – land selling at $2.6M+ an Acre

    Surrey 150 acres acquired by Beech Westgard one of B.C. largest land plays Frank O’BrienWestern Investor This January the City of Surrey’s planned $3.1billion Surrey-Langley SkyTrain extension received the support of Metro Vancouver mayors and, while all the money has not yet been approved, the concept has triggered one of the largest land plays in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2020
    Real Estate Related

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