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  1. Berkshire Hathaway Home Services is coming to Canada

    International real estate firm being established in Toronto Steve RandallCanadian Real Estate Wealth The internationally-renowned real estate brand Berkshire Hathaway Home Services is coming to Canada next month as a Toronto-based firm joins the network. Blue Elephant Realty will begin operating as Berkshire Hathaway HomeServices Toronto Living Realty, marking the first Canadian franchise in a […]

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

  2. Canada poised to break record for commercial property investment

    Canada could potentially break the record for commercial real estate investment Gerv TacadenaCanadian Real Estate Wealth Canada could potentially break the record for commercial real estate investment this year, hitting the $50bn mark, according to the latest market outlook by CBRE. Paul Morassutti, vice chairman of CBRE Canada, said macroeconomic tailwinds, supportive immigration policies, and […]

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

  3. Plan budget, contingency inputs to anticipate future risks

    Is a strata corporation permitted to amend their budget part way through the fiscal year Tony GioventuThe Province Dear Tony: Our strata corporation is one of the properties where our deductible has gone from $25,000 to $100,000 dollars as a result of two claims last year.  We approved our annual budget in December and now […]

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

  4. Aristotle 20203 84 Avenue Langley 173 homes in a 6-storey building by ML Emporio Properties

    Aristotle development from ML Emporio Properties puts the focus on families in Langley Simon BriaultThe Province If you bought at the right time, it’s no secret that there has been money to be made from owning — and then selling — a residential property in the Lower Mainland. Developers know this well and have been […]

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

  5. Here’s What First-Time Home Buyers Will Pay in Closing Costs Across Ontario

    First-time home buyers – how much money you need on closing day Penelope Grahamother The closing date of a real estate transaction is typically much anticipated – not only is the ownership of the property officially legally transferred from the seller to the buyer, but it brings an end to what can be an anxious […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-02-2020
    Real Estate Related

  6. Stress test adjustment will have a minor impact at best – CIBC?s Tal

    Mortgage qualification rules increased by 3% Ephraim VecinaMortgage Broker News The latest changes to mortgage qualification rules increased Canadians’ home purchasing power by a mere 3%, according to CIBC’s deputy chief economist. In a client note late last week, Benjamin Tal wrote that the recent adjustment to the stress test means that average-income Canadians will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-02-2020
    Real Estate Related

  7. Properly: Valuable tool or formidable opponent?

    A tech company/real estate brokerage simplifies the buying process Clayton JarvisREP Launched in 2018 and steadily gaining traction in Ottawa and Calgary, Properly is a tech company/real estate brokerage that promises to simplify the homebuying process. It’s a nifty enough business model: If a user agrees with the company’s valuation of their home, Properly will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-02-2020
    Real Estate Related

  8. Mount Pleasant industrial site goes for $344 per buildable square foot

    Prime light industrial site sold for $2.75 million, $210K above its assessed value Stuart Wright Nick GouletWestern Investor Breakdown: Property type: Light industrial Location: 275 West 6th Avenue, Vancouver Property size: 1,947 square feet Lot size: 2,662.52 square feet Zoning: I-1 (light industrial) Floor space ratio: FSR 3 BC Assessment value: $2.54 million List price: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2020
    Real Estate Related

  9. BCREA Calls for Increased Federal-Provincial Cooperation to Tackle Money Laundering in BC

    BCREA & The Commission of Inquiry Into Money Laundering Trevor HargreavesBCREA This morning, the British Columbia Real Estate Association (BCREA) makes our opening statement to the Cullen Commission of Inquiry into Money Laundering in British Columbia. As this process gets underway you should expect to see increased amounts of media coverage in coming days.   To […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2020
    Real Estate Related

  10. Changing the stress test may raise credit risk for banks says Fitch

    Credit risk to banks may be affected by stress test changes Steve RandallCanadian Real Estate Wealth The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big banks. That’s according to Fitch Ratings which says that the lower threshold for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2020
    Real Estate Related

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