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  1. Q2 BC taxpayers biggest transactions were hotels, temporary shelter for homeless people

    B.C. taxpayers Canada?s biggest hotel buyers Frank O?BrienWestern Investor  The British Columbia government was the largest single buyer of hotel properties in Canada during the second quarter (Q2), accounting for four of the 12 transactions and more the half the dollar volume. The  fact the B.C. transactions  – all of which are for supportive housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-07-2020
    Real Estate Related

  2. Bill 197 condo owners needs to know

    Will Bill 197 make condos more expensive for Ontario home buyers? Clayton JarvisMortgage Broker News Ontarians may still be wary of going back to the office, but the provincial legislature has had a very busy July. After passing the controversial Bill 184 on July 6, and the far less contentious Bill 159 eight days later, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-07-2020
    Real Estate Related

  3. Greater Vancouver Condo Pre-Sales Cut In Half, New Inventory Delayed

    Condo Pre-sales at the same as June last year other The pandemic drove Greater Vancouver new home sales off a cliff, but things have improved… a little. MLA Canada, a Vancouver-based real estate firm specializing in condo pre-sales, observed an increase in absorption for June. Despite unusual market conditions and a bump from lows, absorption […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-07-2020
    Real Estate Related

  4. B.C.?s economy will be benefitting from the construction of three energy megaprojects, workforce expected to peak.

    Energy project jobs underpinning B.C.?s economy Nelson BennettWestern Investor While Canadian unemployment has soared due to COVID-19, British Columbia’s mega energy projects continue to generated thousands of jobs. The big energy story of 2022 will likely be the completion of the $12.6-billion Trans Mountain pipeline expansion, but B.C.’s economy will also be benefitting from the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-07-2020
    Real Estate Related

  5. COVID-19 pandemic reduced the number of M&A deals

    COVID-19 took a bite out of Canada’s startup M&A, but deals may be coming soon James McLeodother

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-07-2020
    Real Estate Related

  6. High End building consider monthly rental, aside from prefer long term lease

    Luxury Vancouver building prefers long-term lease buyers, but would consider monthly rental Joanne Lee-Young The Vancouver Sun Developer Stanley Dee is marketing a visibly empty, super-high-end property in Vancouver’s West End. Acting on behalf of the owners, he had been trying to figure out how to adapt to the cooling of the city’s once hot […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-07-2020
    Real Estate Related

  7. 1 out of 10 Canadians thinking to move back home

    One million adults plan to move back home Western InvestorWestern Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-07-2020
    Real Estate Related

  8. 1 out of 10 Canadians thinking to move back home

    One million adults plan to move back home Western InvestorWestern Investor At least 1.5 million adult Canadians have already or plan to move back home with their parents, according to a national survey by Finder.com released July 24. B.C is among the provinces seeing the biggest  boomerang back home. The findings could have ramifications for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-07-2020
    Real Estate Related

  9. Vancouver Approves 28-storey rental building at the corner of Broadway and Birch ? The Old Denys Location

    Vancouver approves 28-storey rental building in tightest of votes Dan Fumano The Province Opinion: The question, basically, was whether it’s a worthwhile trade-off for the city to an increase from 17 to 28 storeys, despite strong neighbourhood resistance, for an extra 50 market rental units and about 50 below-market homes. Vancouver city council narrowly approved […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-07-2020
    Real Estate Related

  10. Teranet-National Bank data report that housing market will slowdown

    Despite recent sales activity, fresh Teranet-National Bank data points to decline in home prices David KitaiMortgage Broker News Despite prices swelling in a number of Canadian markets, the most recent Teranet-National Bank National Composite House Price Index, released yesterday, claims Canada’s housing market has hit a slowdown. The Index says that nationwide, house prices in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-07-2020
    Real Estate Related
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