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  1. Emergency Bank of Canada rate cut will add fuel to housing sales

    Some variable-rate mortgage holders will be paying rates as low as 1.95 per cent Frank O’BrienWestern Investor A dramatic 0.50 per cent reduction in the Bank of Canada overnight lending rate on March 13 –  the second such cut in nine days – in response to the COVID-19 virus pandemic will “add fuel to the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-03-2020
    Real Estate Related

  2. Fed rate cut drives increase in loan applications on blockchain platform

    Mortgage applications jumped 300% Duffie Osentalother Tech firm Figure Technologies reported that loan applications through its Provenance blockchain platform increased by a whopping 300% since the Federal Reserve cut interest rates by half a percentage point last Tuesday. Last week’s rate cut was meant to prop up the US economy in the face of a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  3. Union Park 20712 82nd Avenue Langley 589 homes in four 6-storey buildings by Polygon

    Private amenities and a neighbouring park on offer at Polygon?s Union Park in Langley Simon BriaultThe Province UNION PARK Project location: 20712 82nd Avenue, Langley, B.C. Project size: 590 homes with between one and three bedrooms ranging in size from 540 to 1,080 square feet. One bedrooms priced from $339,900 and Twobedroom homes priced from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  4. Plaza of Nations landowner sues Concord Pacific president for $245M over alleged conspiracy

    Oei Hong Leong claims damages in alleged conspiracy to tie up prime Vancouver waterfront site in litigation and hamper development Darryl Greer Western Investor Singaporean billionaire tycoon Oei Hong Leong is suing Concord Pacific president Terry Hui over an alleged conspiracy to tie up valuable downtown waterfront property in litigation to hamper efforts to develop […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  5. Discuss insurance options in advance of renewal time

    Strata council has right to negotiate insurance Tony GioventuThe Province Dear Tony: Our strata corporation has just renewed our insurance policy. As part of the renewal our increases were 150 per cent for premiums, deductibles increased from $25,000 to $100,000, we have a loss limit now that covers only 35 million of our 55 million […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Strata Information

  6. What potential millennial clients in Ontario want in a home

    Ontario millennials want detached homes Gerv TacadenaREP Around four in five millennial homebuyers in Ontario are looking for detached and semi-detached homes, something the city has a limited supply of, according to the latest study by the Ontario Real Estate Association (OREA). The study said that these group of homebuyers are more interested with detached, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  7. Are real estate groups doing enough to fight money laundering?

    FinTRAC found many real estate companies not complying with anti-money laundering rules Gerv TacadenaREP An assessment from the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) showed that many real estate companies are failing to comply with anti-money laundering rules. Citing the FinTRAC 2017-2018 assessment, the Organized Crime and Corruption Reporting Project (OCCRP) said […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  8. How BC realtors can help clients alarmed by the province’s condo insurance woes

    REBGV has added an insurance clause on contracts Clayton JarvisREP Realtors, condominium owners and prospective condo buyers in British Columbia have slowly had the rug pulled out from under them since autumn 2019, when word first started seeping out that the province’s strata corporations – essentially the owners of multi-family projects like condo towers and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  9. Canadian reverse mortgage debt tops $4BN for first time

    Reverse mortgage debt increased 13 per cent over one year, as more seniors choose to stay in their homes Vancouver Courier Reverse mortgage debt in Canada has topped $4 billion for the first time, according to Office of the Superintendent of Financial Institutions (OSFI) filings analyzed by housing blog Better Dwelling. A reverse mortgage is a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-03-2020
    Real Estate Related

  10. Morneau – government won’t knee-jerk on coronavirus impact

    The government will respond appropriately as the economy develops Steve RandallREP With the spring housing market imminent, many industry professionals are wondering what impact the COVID-19 coronavirus outbreak will have on sales. The rout on the stock market – the TSX lost $218 billion in market value Monday – and wavering consumer confidence may be […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-03-2020
    Real Estate Related

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