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  1. RE/MAX to continue working with mortgage brokers during COVID-19 pandemic

    Real estate agents will be limiting contact with mortgage brokers Duffie OsentalMortgage Broker News RE/MAX has announced that it will, as of now, remain open for business during the COVID-19 pandemic and will continue to work with mortgage brokers. However, it will also be taking several precautions in line with recommendations from various health agencies […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  2. CIBC: Central bank’s medicine is a salve for credit markets

    BoC makes sure banks can still lend money Mortgage Broker News The Bank of Canada has escalated its efforts to make sure the country’s banks can still lend during the coronavirus crisis. It’s working, according to a CIBC strategist. “The potency of the measures introduced is so strong because we have yet to see strains […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  3. Trudeau unveils $82 billion COVID-19 stimulus

    Prime Minister announces initiative to help during COVID-19 crisis Phil HallMortgage Broker News Prime Minister Justin Trudeau has announced an $82 billion initiative to help individuals and businesses weather the economic tumult created by the COVID-19 pandemic. “The measures we are announcing today will provide up to $27 billion in direct support to Canadian workers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  4. February home prices up 0.4%

    The composite house price index saw a 0.4% increase in February home prices Phil HallMortgage Broker News The latest data from the Teranet-National Bank Composite House Price Index found home prices in February were up 0.4%, which is double the average rise of the last 10 months of February. The component indexes were up for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  5. Managing through a crisis

    Large gatherings are prohibited, how do we make decisions? Tony GioventuThe Province Dear Tony: Our strata corporation is 125 units and we have an upcoming annual general meeting that is going to be critical as we need to approve a significant increase in our budget to cover our insurance. We do have a common room […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Strata Information

  6. A discussion with OREA’s new president, Sean Morrison

    On February 25, Sean Morrison was named the new president of the Ontario Real Estate Association Clayton JarvisREP On February 25, Sean Morrison was named the new president of the Ontario Real Estate Association. Prior to his election as president, Morrison, who is also broker and manager for Coldwell Banker Momentum Realty and a member […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-03-2020
    Real Estate Related

  7. Mortgage stress test changes are on hold until further notice

    OFSI defers all financial changes to a later date Steve RandallMortgage Broker News The planned change and review of the mortgage stress test has slipped down the priority list for the Canadian government due to the COVID-19 coronavirus crisis. Until the outbreak, it was expected that Office of Financial Sanctions Implementation (OFSI) would consider changes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2020
    Real Estate Related

  8. How much do rental, leasing, and property management firms make?

    Canadian property management firms collected $115B Steve RandallMortgage Broker News Canadian residential and non-residential leasing and property management firms generated operating revenues of $115 billion in 2018, the latest year of stats released. Statistics Canada revealed the figures Friday showing that residential leasing generated $46.6 billion, up 5.6% year-over-year with operating expenses up 4.8% to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2020
    Real Estate Related

  9. Buy a home on an American floodplain and you’ll overpay

    Canadian real estate investors may be tempted to buy south of the border Steve RandallMortgage Broker News Canadian real estate investors and snowbirds may be tempted to buy south of the border now, as prices are climbing. But a new study warns that millions of US homes that are built on flood plains are overvalued, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2020
    Real Estate Related

  10. B.C. union calls for suspension of mortgage and rent payments until COVID-19 crisis ends

    BC government employees union wants to protect workers during crisis Jen St. Denis other A B.C. union is calling for the immediate suspension of mortgage and rent payments until the COVID-19 pandemic is over. Stephanie Smith, president of the BC Government Employees’ Union, said the demand is part of the union’s mission to protect workers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-03-2020
    Real Estate Related

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