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  1. Is it wise to invest in a pre-con condo?

    Investing in a pre-construction condominium might be a viable strategy Gerv TacadenaCanadian Real Estate Wealth Investing in a pre-construction condominium might be a viable strategy, but there could be potential downside risks, said an expert. John Pasalis, president at Realosophy Realty, said there are three key things investors should consider when thinking of buying a […]

  2. Hard to lose in Surrey housing market

    Thanks to lack of investor mania, fast-growing diverse city offers unusually stable prices Douglas ToddThe Province “We don’t have any billionaires getting off the plane at YVR and heading straight out to Bear Creek Park in Surrey to buy a house,” says veteran realtor Sukhi Kang. Surrey has not been a mecca for wealthy offshore […]

  3. Reviewing all transactions is serious business

    Routine audit is recommended on operating budget Tony GioventuThe Province Dear Tony: Our property manager asks us to approve the financial statements each month and last month our treasurer noticed there was a duplication for a bill from the three previous months.  The error was tracked down to a simple accounting duplication that was resolved, […]

  4. Chateau Laurier 1009 Laurier 11 luxury condos by Landa Global Properties

    Stately neighbourhood inspires design of Shaughnessy’s Chateau Laurier Michael BernardThe Province Shaughnessy, Vancouver’s original posh neighbourhood, has its roots in the development of the Canadian Pacific Railway, Canada’s first transcontinental railway. In fact, it was named after Thomas Shaughnessy, one of the railway’s presidents. Just two decades after the last of 30 million iron spikes […]

  5. Highpointe 11641 227 Street Maple Ridge 153 homes in a 6 storey building byConcordia Properties

    Highpointe offers urban design, stunning views in quiet setting ROBIN BRUNETThe Province The images of Highpointe depict a beautiful, horseshoe-shaped condo complex with staggered terraces and plenty of signature architectural details, overlooking the Fraser River, an adjacent park, local mountains and Mt. Baker. But one of Highpointe’s main selling points, apart from aesthetics, is that […]

  6. Corona virus analogy

    Pause a minute ??. other Pause a minute ……. One of the worst days so far for Coronavirus was the 10th of February. On that day, 108 persons in China died of Coronavirus. But, on the same day 26,283 people died of Cancer 24,641 people died of Heart Disease 4,300 people died of Diabetes and […]

  7. Masks on, scissors out – BoC cuts policy rate to 1.25%

    Bank of Canada has cut the policy rate to 1.25% Richard Laycock other Taking swift action in response to global and domestic markets, the Bank of Canada has cut the policy rate to 1.25% today.     The decision can be seen as a reaction primarily to the Coronavirus outbreak and its effect on global commerce.  […]

  8. BC housing taxes caused estimated 12.5% extra sales drop

    The speculation and vacancy tax impact limited to Metro Vancouver Steve RandallREP The impact of British Columbia’s Speculation and Vacancy Tax (SVT) on the province’s home sales has been highlighted in a new report. BCREA’s Market Intelligence Report estimates that the areas covered by the tax have seen sales decline by an additional 12.5% versus […]

  9. Vancouver supply struggling to match homebuyer demand

    REBGV says condo inventory is lacking Steve RandallREP Metro Vancouver home sales gained 44.9% year-over-year in February to a total 2,150. Real Estate Board of Greater Vancouver reported that home sales were up 36.9% month-over-month but despite the gain sales were 15.6% below the 10-year average for February. “Home buyer demand again saw strong year-over-year […]

  10. Federal Reserve’s surprise rate cut will force Bank of Canada’s hand

    BoC likely to follow US rate cut Phil Hall Mortgage Broker News Yesterday’s unexpected announcement by the U.S. Federal Reserve to cut its benchmark interest rate in response to the economic uncertainty tied to the outbreak of the novel coronavirus (formally known as COVID-19) has convinced industry leaders that the Bank of Canada (BoC) will […]