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  1. Luxury house prices slated to grow

    Low inventory on luxury homes spur increase in prices Gerv TacadenaCanadian Real Estate Wealth Prices in the prime property segment are expected to grow further next year as buyers compete for a limited supply of homes, according to the latest market forecast by Royal LePage. Substantial gains are forecast for the Greater Toronto Area (GTA), […]

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

  2. Judge backs condo board in banning online rentals

    Alberta condo board prevent short-term rentals Canadian Real Estate Wealth A condo board in Alberta has won a court battle preventing owners from engaging in short-term rentals through web-based platforms. Court of Queen’s Bench Justice Paul Belzil issued a permanent injunction Thursday in support of The Ten Lofts Condominium Association in Edmonton and its legal […]

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

  3. BCREA Market Intelligence Report: Estimating the Impacts of the Speculation and Vacancy Tax

    Estimating the Impacts of the Speculation and Vacancy Tax BCREA Summary Findings: While all BC markets experienced sharp declines since 2018, the Speculation and Vacancy tax(SVT)is estimated to have reduced home sales in taxable regions in BC byan additional15per cent compared to non-taxable regions. Growth in home prices since 2018 is estimated to be5 per […]

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

  4. Robust home sales outpace low inventory in Metro Vancouver last month

    Home sellers once again getting the upper hand as demand exceeds supply, especially among condos and townhomes Western Investor February saw steady demand from home buyers in Metro Vancouver, while the inventory of listed properties “struggled to keep pace,” according to a March 3 report by the Real Estate Board of Greater Vancouver (REBGV). There […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-03-2020
    Real Estate Related

  5. Developers meet needs of families kept from homeownership

    In Metro Vancouver two and three bedroom rentals are at 1% Kimberly GreeneMortgage Broker News As affordability continues to plague homebuyers in some of Canada’s hottest housing markets, a growing number of families are wondering whether homeownership is the best fit for their families after all. In fact, the latest CHMC data suggests that demand […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-03-2020
    Real Estate Related

  6. TRREB welcomes passing of TRESA and benefit for Realtors

    Trust in Real Estate Service Act (TRESA) passed by Ontario Steve RandallCanadian Real Estate Wealth The news that Ontario has passed the Trust in Real Estate Service Act (TRESA) has been welcomed by one of the province’s largest industry bodies. Toronto Regional Real Estate Board (TRREB) says that it will help enhance professional standards, create […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-03-2020
    Real Estate Related

  7. 5 Reasons Why 2020 is The Year To Buy Real Estate

    Lower mortgage rates, lower home prices, and the rise in buyer confidence means a busy year ahead for realtors Catherine MusgroveREW Thinking of buying a home? Well, 2020 could be your year! Real Estate experts across the country are optimistic this year will see an upswing in the market, and more first-time homebuyers will have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-02-2020
    Real Estate Related

  8. Commercial Activity Declined in 2019 Q4

    BCREA commercial indicator fell for second straight month BCREA The BCREA Commercial Leading Indicator (CLI) fell forthe second straight month to 134.3 in the fourth quarter of 2019. Compared to the same time last year, the index is up by 0.3 per cent. Provincial economic activity continued to slow in the fourth quarter of 2019, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-02-2020
    Real Estate Related

  9. What BCREA wants the government to do about money laundering

    BCREA – more cooperation between federal and provincial organizations Steve RandallCanadian Real Estate Wealth The Cullen Commission inquiry into money laundering in British Columbia began this week as the provincial government seeks a solution to the use of real estate and gambling industries by tax evaders and organized crime gangs. The British Columbia Real Estate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-02-2020
    Real Estate Related

  10. Destressing the 2020 Mortgage Stress Test

    Understanding the changes to Canada’s new Mortgage Stress Test, coming to a home near you in April 2020. Catherine MusgroveREW Agents and economists agree that the recently announced tweaks to Canada’s Mortgage Stress Test bring positive change to the housing industry. The new changes take effect on April 6, 2020, and will apply to insured […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-02-2020
    Real Estate Related

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