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  1. B.C seeks cash control to tackle Canada’s immigration mess

    Daphne Bramham: With Canada failing to meet its immigration promises, B.C. needs more control Daphne BramhamThe Vancouver Sun With the system in shambles, provinces like B.C. want more control over who comes and more money to settle newcomers, including Ukrainians.  Afghan refugees head for buses after arriving at Toronto Pearson International Airport. Photo by M.Cpl. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-07-2022
    Real Estate Related

  2. Homebuyer protection period includes a cancellation fee of 0.25% of the purchase price

    B.C. slaps three-day cooling off period on real estate sales, starts Jan. 1 Gordon HoekstraThe Vancouver Sun The homebuyer protection period, the first of its kind in Canada, goes into effect on Jan. 1, 2023. The B.C. government announced Thursday a new cooling off period on real estate sales, a measure meant to protect homebuyers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-07-2022
    Real Estate Related

  3. Luxury properties intensified in 2021 with both domestic and non-resident activity

    Luxury markets start to normalize following surge Micah Guiaoother The period of its “historically anomalous performance” is over  The major metropolitan luxury real estate markets broke consecutive records throughout 2021, but have since started to normalize midway through 2022, according to Sotheby’s International Realty Canada. Demand for luxury properties intensified in 2021 with both domestic […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-07-2022
    Real Estate Related

  4. Affordable new housing units it intends to create by 2028 | The Province

    Province backs off goal to build 114,000 new homes Peter MithamWestern Investor Units added to the secondary rental market now part of the tally The province says it won’t build the 114,000 affordable new housing units it intends to create by 2028.Sandor Gyarmati/Delta Optimist According to the province, more affordable housing is a key goal […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-07-2022
    Real Estate Related

  5. Canada’s inflation rate rises to 8.1% in June 2022

    Canada’s inflation rate surges even higher Fergal McAlindenother Latest figures mark the largest yearly increase since 1983 The inflation rate in Canada rose once again in June, climbing 8.1% over the same month last year in its biggest yearly increase for almost 40 years.Inflation figures released by Statistics Canada on Wednesday indicated that the measure […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-07-2022
    Real Estate Related

  6. Canada’s inflation rate rises to 8.1% in June 2022

    Canada’s inflation rate surges even higher Fergal McAlindenother Latest figures mark the largest yearly increase since 1983 The inflation rate in Canada rose once again in June, climbing 8.1% over the same month last year in its biggest yearly increase for almost 40 years.Inflation figures released by Statistics Canada on Wednesday indicated that the measure […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-07-2022
    Real Estate Related

  7. Re/Max housing affordability surveyed conducted by Leger

    Many willing to relocate to find an affordable – home but not too far: Re/Max study Joseph RuttleThe Vancouver Sun Housing prices keep soaring in B.C. and other Canadian hot spots, but “the market is starting to cool and balance itself out,” says Re/Max  Not surprisingly, cities like Toronto and Vancouver didn’t fare well in a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-07-2022
    Real Estate Related

  8. Bank of Canada announces a 1% interest rate increase

    What’s next for Canada’s housing market? Fergal McAlindenother A recent rate jump marks a “hammer to housing” according to a BMO economist  It’s clear that interest rate increases are having a strong impact on Canada’s housing and mortgage markets, with June marking a third straight monthly slowdown on the housing front. Home prices registered their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-07-2022
    Real Estate Related

  9. Majority of metro areas rental markets went up in July

    Revealed: The most and least expensive rental markets in Canada in July Micah Guiaoother The report looks into the 23 most populous metros in the country  Although there have been signs pointing to a cooling housing market, Canada’s rental markets have never been hotter as the majority of metro areas went up in monthly value […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-07-2022
    Real Estate Related

  10. Canadian real estate in recent weeks has been a spike in “delistings,”

    The froth is off: Canadian houses now selling at $200K discounts Tristin Hopper The Vancouver Sun The plunge is merely a correction of a Canadian real estate market that has long operated beyond any reasonable notion of economic fundamentals  A home for sale in Mississauga, Tuesday July 5, 2022. [Photo Peter J. Thompson/National Post] The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-07-2022
    Real Estate Related

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