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  1. Toronto average price of homes sold CA$1.1 million during the month, up 21.6% from last March

    Toronto home prices surge as debate rages Ari AltstedterMortgage Broker News  Toronto home values continued to swell in March, bringing annual average price gains to more than 20% and adding fuel to a raging debate about whether policy makers should try to cool the market. New listings were up 57% from March 2020, when the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2021
    Real Estate Related

  2. Real estate market is extremely hot starting the Q1 2021

    VERICO president gives his verdict on what will happen to the housing market Fergal McAlindenMortgage Broker News The current red-hot housing market is likely to slow down slightly when normal life resumes after the pandemic – although increasing immigration numbers may help offset some of that cooling-off, according to VERICO’s president and chief operating officer. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-03-2021
    Real Estate Related

  3. Housing bubble might be coming due to pandemic-driven shift in buyer preferences

    How likely is a Canada housing crash? Ephraim VecinaMortgage Broker News Despite concerns surrounding overheated activity, a Canadian housing crash is unlikely unless there’s a spike in mortgage rates or a significant tightening of housing policy, according to a new report by Oxford Economics. A housing bubble might be forming due to a pandemic-driven shift […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-03-2021
    Real Estate Related

  4. Canadians are stretching and “worrying” sign of too much debt to buy into the nation’s hot housing market

    Bank of Canada issues warning Ari AltstedterMortgage Broker News  The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market. In an interview with the Financial Post, Governor Tiff Macklem said there is evidence that loan levels relative to home values are growing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-03-2021
    Real Estate Related

  5. Raised $10 million funding to use laser scans and AI to identify errors prior construction process

    Platform that uses AI to flag construction mistakes raises $10 million Kelsey PudloskiLivabl Mistakes happen, but when it comes to new construction, even minor blunders can cost builders untold amounts of time and money. Enter Avvir, a startup that uses laser scans and artificial intelligence to identify errors during the construction process.  Last week, the company […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-03-2021
    Real Estate Related

  6. Real estate hot market activity seems significant long term risk

    CIBC’s Tal: Red-hot activity posing significant long-term risks to housing Ephraim VecinaMortgage Broker News

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-03-2021
    Real Estate Related

  7. Possible Canadian housing market starting slow down in the next Q2-Q3

    Canadas housing market set for “significant cooldown” after homebuying frenzy: TD Sean MacKayLivabl The current furious pace of homebuyer activity, along with rapidly accelerating price increases seen since mid-2020, are unlikely to last into 2022. While the Canadian housing market’s strength was a major contributor to the country’s economic recovery following the devastation experienced last […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-03-2021
    Real Estate Related

  8. Legal and real estate professionals play a critical role in preventing title fraud

    Fraudster gets away with transferring title for B.C. home using forged passport Susan LarazukThe Vancouver Sun Fraudsters impersonated owners of B.C. residential properties to steal the homes’ titles and one of the con artists got away with it, according to the agency in charge of keeping title transfers secure. The Land Title and Survey Authority […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-03-2021
    Real Estate Related

  9. Bank of Canada Governor “Worrying”sign in Canada’s hot housing market to increase level of debt

    Mounting debt ‘worrying’ as Canadians stretch to chase rising home prices, says Bank of Canada governor Bianca Bhartiother  Bank of Canada Governor Tiff Macklem said he’s seeing “worrying” signs in Canada’s hot housing market, in which households are taking on increasing levels of debt to chase rising prices. The central bank had largely stayed quiet […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-03-2021
    Real Estate Related

  10. Canadian retailers experience biggest decline since 2009 recession – Statistics Canada

    Bricks-and-mortar stores anchor B.C.’s biggest developments Frank O’BrienWestern Investor — Oakridge Centre makeover includes 1 million square feet of retail. | Chung Chow Don’t look up from your shopping screens, but bricks-and-mortar retail is now the foundation for B.C.’s biggest real estate developments and more than $600 million in investments, a year after the start […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-03-2021
    Real Estate Related

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