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  1. Bank of Canada hikes interest rates by another 75 basis points

    Bank of Canada Announces Fifth but Not Final Interest Rate Increase for 2022 Patti Cosgareaother  The Bank of Canada (BoC) announced its fifth interest rate increase of the year, raising rates by another 75 basis points. This follows its July announcement where the Bank announced an interest rate hike of 1 percentage point, the largest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-09-2022
    Real Estate Related

  2. Fed re-evaluate the stress test in light of a resurgence in housing market activity | TRREB

    Canada stress test – Real estate board says it’s the right time to re-examine it Ephraim Vecinaother Major markets are seeing stronger housing market activity recently The Toronto Regional Real Estate Board has called on the federal government to re-evaluate the stress test in light of a resurgence in housing market activity, seemingly undeterred by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-09-2022
    Real Estate Related

  3. Nearly 30 per cent below the 10-year August average were last month sales

    Vancouver home sales down 40% from last year, nearly 1% since July: board Canadian PressThe Vancouver Sun The board says sales for the month amounted to 3,152 and came amid a quieter summer season marked by reduced buying and listing activity. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. Photo […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  4. Toronto home sales year-over-year dip of 34.2%, up 15% from July | TRREB

    GTA Home Sales Increase in August Despite 34% Year-Over-Year Decline Daniel Crookother

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  5. Canada’s home price drop 2.8% in August compared the month before to reach CA$1.12M by TRREB

    Toronto home prices in historic correction Ari Altstedterother Higher interest rates deliver a huge blowToronto home prices fell for a fifth straight month, the longest skid since 2017, as the property market adjusts to sharply higher interest rates from the Bank of Canada.The benchmark price for a home in Canada’s largest city dropped 2.8% in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  6. Toronto home sales year-over-year dip of 34.2%, up 15% from July | TRREB

    GTA Home Sales Increase in August Despite 34% Year-Over-Year Decline Daniel Crookother  Home sales in the Toronto Region have seen a year-over-year dip of 34.2%, with 5,627 sales reported in the month of August, according to TRREB (Toronto Region Real Estate Board). While the decline is significant versus last year, August saw a bit of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  7. 0.16 acres retail in Kelowna sells for $1.80 million

    Kelowna 4,320 square feet of retail sells for $1.8 million MCL Real Estate GroupWestern Investor Retail building with three units on a 0.16-acre lot in Rutland community sold for nearly $800K over its BC Assessment value. Property type: Retail Location: 205-209 Asher Road, Kelowna, B.C. Number of units: 3 Property size: 4,320 square feet Land […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  8. B.C Supreme Court Justice Nitya Iyer found that Ginther was not a credible witness and he had not proven the allegations.

    Customer who defamed company on Google and Yelp ordered to pay $90K https://rem.ax/3B9J3fyThe Province A disgruntled customer who was found to have defamed a B.C. wood products company in his Google and Yelp reviews has been ordered by a judge to pay $90,000 in damages. Tyler Ginther posted the online reviews about Longhouse Specialty Forest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  9. Service agreement to approve a rate and provision for rush fees until council agree.

    Condo Smarts: Fees for forms set out in service agreement Tony GioventuThe Province Any fees charged for the production of forms and documents are fees being charged by your strata corporation  Dear Tony: Our strata council is in dispute with our management company over the fees collected and charged for the production of forms when […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  10. B.C. Supreme Court quashes Vancouver bylaws that limit rent increases between single-occupancy housing tenancies

    City of Vancouver appeals court ruling quashing vacancy control bylaws Keith FraserThe Vancouver Sun

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-08-2022
    Real Estate Related

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