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  1. Opendoor a distruptive online marketplace for buying and selling houses

    Palihapitiya finds next ?10x idea? with $4.8 billion SPAC deal for real estate start-up Opendoor Leslie Pickerother  Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisition companies — an idea he’s called “IPO 2.0.”  After his first iteration of doing so last year with space-tourism company Virgin Galactic, he’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2020
    Real Estate Related

  2. Equifax’s new mortgage inquiry process guidelines started effectively today

    It’s here: Equifax’s new inquiry process begins today Clayton JarvisMortgage Broker News Unless you’re one of those unique Mortgage Broker News readers who has been living in a hole for the past five months – and, considering the state of the world, who can blame you if you were? – you are likely aware that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-09-2020
    Real Estate Related

  3. CMHC: Mortgage payment will significantly increase once deferral program end this fall.

    CMHC: Around $1bn in mortgage payments have been deferred each month during pandemic Ephraim VecinaMortgage Broker News Approximately $1 billion in mortgage payments were deferred every month during the COVID-19 pandemic, according to the Canada Mortgage and Housing Corporation. In its annual residential mortgage industry report released late last week, CMHC said that the average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-09-2020
    Real Estate Related

  4. CMHC: Canada’s housing activity peak to its highest level since 2007

    CMHC: Housing starts activity reaches highest point in 13 years Ephraim VecinaMortgage Broker News A surge in multiple-unit home construction boosted Canada’s housing starts activity to its highest level since 2007, according to new data from the Canada Mortgage and Housing Corporation. Nationwide, housing starts increased by almost 7% month over month in August, with […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2020
    Real Estate Related

  5. Mortgage stress rest must be updated to reflect market realities? economist

    Stress test must be revised to reflect market realities ? economist Ephraim VecinaMortgage Broker News Improved purchasing power will stem from the mortgage stress test being updated to reflect the sub-2% rates currently available in the market, according to economist Will Dunning. The disparity is particularly jarring when one considers that new borrowers are tested […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2020
    Real Estate Related

  6. Toronto enforcement of new registration program for Airbnb impact properties investor

    How will Toronto’s new registry for Airbnb properties impact investors? Clayton JarvisMortgage Broker News Toronto’s Airbnb investors in woke up to a new, potentially risky reality yesterday, as September 10 marked the launch of the city’s new short-term rental registry. Owners of properties that are currently available to renters for less than 28 days a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2020
    Real Estate Related

  7. Housing market still getting strong despite given forecast on housing recession

    The pandemic housing recession that never was Frank O?BrienWestern Investor On May 27, 10 weeks after COVID-19 was declared a global pandemic, Canada Mortgage and Housing Corp. (CMHC) released a doomsday-style housing forecast that envisioned a nightmare collapse of the housing market with national sales dropping up to 29 per cent, starts plunging by from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-09-2020
    Real Estate Related

  8. Housing market still getting strong despite given forecast on housing recession

    The pandemic housing recession that never was Frank O?BrienWestern Investor On May 27, 10 weeks after COVID-19 was declared a global pandemic, Canada Mortgage and Housing Corp. (CMHC) released a doomsday-style housing forecast that envisioned a nightmare collapse of the housing market with national sales dropping up to 29 per cent, starts plunging by from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-09-2020
    Real Estate Related

  9. Offices and warehouse soon to rise in Seaspan Victoria Shipyards projected price $26 million, Vancouver

    Omicron pitches $26 million shipyard plan near Victoria Carla WilsonWestern Investor The 81,500-square-foot space would allow Seaspan Victoria Shipyards to amalgamate its supply-chain operations on one site at Colwood   Vancouver developer Omicron has submitted an application to build a custom $26-million office and warehouse complex for Victoria Shipyards in the new Allandale District, on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-09-2020
    Real Estate Related

  10. Offices and warehouse soon to rise in Seaspan Victoria Shipyards projected price $26 million, Vancouver

    Omicron pitches $26 million shipyard plan near Victoria Carla WilsonWestern Investor The 81,500-square-foot space would allow Seaspan Victoria Shipyards to amalgamate its supply-chain operations on one site at Colwood   Vancouver developer Omicron has submitted an application to build a custom $26-million office and warehouse complex for Victoria Shipyards in the new Allandale District, on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-09-2020
    Real Estate Related

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