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  1. 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
    27-03-2020
    Real Estate Related

  2. 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
    27-03-2020
    Real Estate Related

  3. 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
    27-03-2020
    Real Estate Related

  4. 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
    27-03-2020
    Real Estate Related

  5. 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
    27-03-2020
    Other News Articles

  6. Bank of Canada enacts another overnight rate cut

    For the third time this month, the Bank of Canada cut to the overnight rate Phil HallMortgage Broker News For the third time this month, the Bank of Canada cut to the overnight rate, this time slashing off 50 basis points to a new level of .025%. The Bank Rate is correspondingly 0.50% and the […]

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

  7. Feds roll out new measures to help small, medium-sized businesses weather COVID-19 storm

    Ottawa is increasing the payroll support for employers to 75 per cent Kirsten Clarke Western Investor The federal government has increased the payroll support and introduced new measures, including loans and tax deferrals, to help small- and medium-sized businesses weather the storm of COVID-19. The previously-announced wage subsidy – designed to help employers cover their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  8. B.C.?s new rental support measures leave landlords in lurch

    Tenant advocates are openly wondering if it even makes sense to pay rent Frank O’BrienWestern Investor A B.C. emergency-response rental package that could balloon above $1 billion over the next 90 days will leave landlords exposed to huge losses, according to agents and LandlordBC. Tenant advocates are openly wondering if it even makes sense to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  9. Mortgage rates to go upward until the market reaches a ‘new normal’

    Canadian mortgages will reach a new normal plateau Ephraim VecinaMortgage Broker News Canadian mortgage rates will likely climb higher until the market achieves relative stability amid the global COVID-19 outbreak, according to James Laird of Ratehub.ca. “With Canadians losing their jobs, lenders are building a bit higher of a risk premium into their mortgage rate,” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  10. COVID-19 is Impacting the Market – Here’s What the Bank of Canada is Doing About It

    BoC is adding a third emergency rate cut, bringing it to 0.25% Catherine MusgroveREW In a bold move on Wednesday (March 4, 2020), the Bank of Canada slashed its key interest rate by 50 basis points to 1.25%, in an attempt to keep the economy moving. But it didn’t stop there. On March 13, 2020, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

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