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  1. HELOC requests increased by 55% annually in 2021, and 14% of total requests in Ratehub

    Poll: Variable-rate offerings seeing greater popularity Ephraim Vecinaother Canada’s fixed rates have seen their first increases since the pandemic took hold, Ratehub.ca says Attesting to the product’s increasing desirability in the current climate, variable-rate requests made to online platform Ratehub.ca increased by over 40% from 2019 to 2020 and saw a further increase of nearly […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2022
    Real Estate Related

  2. Ontario government proposes stricter penalties for developers who break ethics code

    Ontario to impose harsher penalties for “unethical” condo developers Ephraim Vecinaother Provincial government sets its sights on price gouging and other unsavoury practices The Ontario government has announced that it will be implementing stricter measures, such as increased fines and other penalties, for “unethical” condominium developers. Among the practices targeted by the new regulations are […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2022
    Real Estate Related

  3. One day sales of city owned land in Thompson

    Thompson sold city lots from $2.25 per square foot Ian Graham Western Investor Price was more than twice what the buyer had offered for the vacant sites  One of the largest one-day sales of city-owned land in Thompson, Manitoba, reveals the price gulf that exists between urban real estate values in northern Manitoba and most […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-03-2022
    Real Estate Related

  4. Metro Vancouver hit $500 per square foot construction cost

    “Unprecedented” construction costs jeopardize projects Peter MithamWestern Investor Some Metro Vancouver developers are taking their cash elsewhere as margins disappear  Construction costs can hit $500 per square foot or more in Metro Vancouver. | Western Investor flle photo Construction cost increases have become so dramatic in Metro Vancouver that they’ve outstripped land prices as the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-03-2022
    Real Estate Related

  5. 39,325 square feet land assembly at Langley sells for $9.12 million

    Langley six-lot land assembly sells for $9.1 million Regent Park Realty Inc.Western Investor The 0.90-acre parcel is currently zoned for a maximum multi-family density of FSR2.1, equating to a sale price of $110 per-square-foot buildable. Property type: Land assembly Location: 20121, 20131, 20141, 20151, 20161 & 20171 53 Avenue, Langley B.C. Number of lots: 6 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-03-2022
    Real Estate Related

  6. Highly active month in February for Greater Toronto new home market

    Greater Toronto Area market activity: what’s the latest? Ephraim Vecinaother The condo segment continues to drive much of the market’s new home sales  The new home market in the Greater Toronto Area saw another highly active month in February, according to new data from Altus Group and the Building Industry and Land Development Association. A […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-03-2022
    Real Estate Related

  7. 1 Million square-foot Uxborough mixed-use development in Calgary

    Daycare vital to first phase of Calgary office project Frank O’BrienWestern Investor The 10,000-square-foot space close to major employers could generate more than $300,000 per month and help retain and recruit office tenants and employees Uxborough by Western Securities will eventually cover one million square feet in Calgary. | Western Securities When Western Securities of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-03-2022
    Real Estate Related

  8. How real estate prices have changed in Toronto over time

    Toronto real estate appreciation rate and what to expect in 2022 Corben Grant The Vancouver Sun One of the significant benefits of investing in real estate is the opportunity for rapid and consistent appreciation in price. However, appreciation, like any investment growth, is never guaranteed. The values of homes and how rapidly they grow or […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-03-2022
    Real Estate Related

  9. B.C. home sales increased, helped boost their economy

    Hot housing market plays key role in 2022 B.C. budget Ryan Garner Livabl  British Columbia’s housing market hits record highs in sales and prices during 2021, while the resulting property transfer taxes helped bolster the province’s bottom line. Home sales increased by 32.8 per cent in 2021 compared to the previous year, while the average price […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-03-2022
    Real Estate Related

  10. Government will act on the financialization of the housing market by the end of 2023 | Liberal-NDP

    Trudeau deal targets housing costs and bank profits Randy Thanthong-Knightother It may also target real estate investment trusts  Prime Minister Justin Trudeau’s power-sharing deal with an opposition party promises to tackle the soaring cost of housing in Canada and may target real estate investment trusts that own homes. The agreement between Trudeau’s governing Liberals and the New […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-03-2022
    Real Estate Related

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