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  1. Here’s How GTA Home Prices and Sales Changed One Month After COVID-19 Measures Were Announced

    Here’s How Much Prices and Sales Changed in Each Municipality other It’s evident that COVID-19 is having a far-reaching impact on the Canadian economy and healthcare system. Although the Greater Toronto Area (GTA) real estate market was previously gearing up for a busy spring season, policy and physical distancing measures resulting from Ontario’s state of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  2. Vancouver home sales fall 34% midway through April

    Home sales across Greater Vancouver were down 34 percent by April Sean MacKayLivabl Home sales across Greater Vancouver were down 34 percent by April’s halfway point, the first full month to be impacted by the COVID-19 pandemic. There were 564 homes sold in Greater Vancouver as of April 15th, according to data published by Kevin […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  3. COVID-19-related shutdowns helped underpin home prices in March

    US housing values remain well supported Candyd Mendozaother Even though coronavirus has started to weaken some US markets, other housing markets show no signs of slowing down in home-price growth. Home prices across the country continued to climb at an annualized rate of 5.8% to a median home value of $252,597 month over month in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  4. Commercial sector to become more valuable after COVID-19 ? CBRE

    Investment in commercial real estate a good choice Ephraim VecinaMortgage Broker News Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investment after the coronavirus pandemic, according to CBRE. This will be particularly apparent in Toronto, CBRE’s recently released “Q1 2020 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  5. Home sellers to wrestle with persistent low price points

    Sellers losing significant value in their homes Ephraim VecinaMortgage Broker News Sellers losing significant value in their homes will be a prominent feature of the market over the next few months, said Stephen Brown, Capital Economics senior Canada economist. “Given the huge rise in unemployment and the cash flow problems that restrictions on tourism have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  6. Risks to household finances will remain after COVID-19 – experts

    After the pandemic households will have more debt Ephraim VecinaMortgage Broker News The risks to Canadian finances will remain pronounced even during the recovery phase once the coronavirus crisis passes, according to Deloitte Chief Economist Craig Alexander. “One of the great legacies of the current crisis is that after the pandemic has passed, we’re going […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  7. Canadian Inflation (Mar) – April 22, 2020

    Consumer Price Index (CPI) rose by 0.9 per cent in March BCREA Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.9 per cent in March year-over-year, down from a 2.2 per cent increase in February. This marked the largest decline in the CPI since the measure began in 1992. Energy prices […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
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  8. Canadian Retail Sales (Feb) – April 21, 2020

    BCREA Seasonally-adjusted Canadian retail sales were up by 0.3% in February at $52 billion The rise in February was driven by auto dealers and general merchandise stores. Sales were up in 6 of 11 sub-sectors, representing 63% of retail sales. Some retailers reported that both the rail blockades and COVID-19 negatively impacted their sales in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2020
    Other News Articles

  9. Recession’s on its way. How bad will it be?

    Upcoming 2020-21 recession should be uncomfortable but hardly unbearable Clayton JarvisMortgage Broker News In its most recent Market Intelligence report, released yesterday, the British Columbia Real Estate Association shared its preliminary projections on how the historic economic disruption sparked by COVID-19 will play out in the provincial housing market for the next two years. In […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2020
    Real Estate Related

  10. Calgary office market: Heading for disaster?

    Office space almost at 100% vacancy Ephraim VecinaMortgage Broker News Calgary’s office sector has a long road of recovery ahead of it, with perennial vacancy and COVID-19’s economic damage placing the market’s short- and medium-term prospects in doubt. An aggravating factor is the dramatic oil price decline of more than 80% since the start of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2020
    Real Estate Related

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