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  1. Is British Columbia’s condo industry about to fall off a cliff?

    Condo Insurance rate rise could see the downfall of condo buildings Clayton JarvisCanadian Real Estate Wealth For the last five years, there has been an incessant whisper at the margins of the real estate industry that has kept the idea of crashing markets and popped real estate bubbles in the public consciousness. Overextended buyers, overheated […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2020
    Real Estate Related

  2. Is Toronto in a housing bubble?

    Majority of Torontonians thinks city has inflated housing prices Gerv TacadenaCanadian Real Estate Wealth Around four in five Canadians in Toronto perceive the city to be in a housing bubble, according to the latest study by Zillow and Ipsos. Eighty percent of Canadians living in Toronto think the city has inflated housing prices and is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2020
    Real Estate Related

  3. Investment on apartment construction up in 2019

    StatsCan says residential construction increased in 2019 Gerv TacadenaCanadian Real Estate Wealth The investment in residential construction increased last year, with a stronger focus on apartments and row homes, according to the latest figures from Statistics Canada (StatsCan). Over the year, the value of investment toward residential construction went up by 2.3% to $123.9bn, mainly […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2020
    Real Estate Related

  4. Metro Vancouver’s luxury home prices forecast to slip further

    Luxury home price not rising like condo prices Joannah ConnollyWestern Investor Although Metro Vancouver’s MLS home sales and prices have been recovering from their recent downturn since last summer, it’s a different story when looking at the luxury sector in isolation, according to a new report by Royal LePage. The national brokerage issued a forecast […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2020
    Real Estate Related

  5. Metro Vancouver developers slash condo presale launches as demand drops

    The number of condo presale units released for sale in 2019 fell sharply, as developers responded to plummeting demand Joanne Lee-YoungThe Vancouver Sun The number of condo presale units released for sale in 2019 fell sharply in Metro Vancouver, as developers responded to demand that fell off a cliff. Developers put 7,588 units up for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2020
    Real Estate Related

  6. This real estate market shows how fast things can change

    Asian housing markets vulnerable due to covid-19 Steve RandallCanadian Real Estate Wealth Real estate frequently follows trends but occasionally there will be a bolt from the blue that changes things fast. The US saw it a decade ago when subprime mortgage lending buckled and the housing markets collapsed. Now, it is Asian housing markets that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2020
    Real Estate Related

  7. Bob Rennie cues builders on B.C.’s ‘demographic crunch’

    Climate change, aging population biggest challenges facing the economy Malcolm Parry The Vancouver Sun CRYSTAL BALLING: Realtor Bob Rennie and his Rennie Group’s intelligence VP, Andrew Ramlo, helped Independent Contractors and Business Association conventioneers digest their bacon and eggs recently. The association president, Chris Gardner, had already told breakfasting colleagues that trade workers’ wages will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-02-2020
    Real Estate Related

  8. Easier Mortgage Stress Test Rate to Come in April

    It?s going to become a bit easier to qualify for a mortgage Penelope Grahamother Good news is on the way for those getting into the housing market this spring – it’s going to become a bit easier to qualify for a mortgage, as changes are in store for the much-contested federal mortgage stress test. The Department […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-02-2020
    Real Estate Related

  9. Canadian mortgage industry welcomes stress test adjustment

    Federal government changes the stress test Steve RandallCanadian Real Estate Wealth The body representing thousands of firms and individuals in the Canadian mortgage industry has welcomed the federal government’s plan to change the stress test. Mortgage Professionals Canada (MPC) says that finance minister Bill Morneau’s announcement this week that OSFI will review the rules is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-02-2020
    Real Estate Related

  10. At tax time, get strata to consult with accountant

    The lines of taxation get blurry when strata corporations run a commercial enterprise Tony GioventuThe Province Dear Tony: Our strata corporation is a multi-building community in the Fraser Valley. We host five guest suites solely for owner use at a minimal cost to cover expenses, rent 20 additional parking spaces at $25 per month and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-02-2020
    Strata Information

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