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  1. Banks policy rate had grown after Canadas inflation rate recently hit a 39-year high

    Bank of Canada announces huge rate hike Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2022
    Real Estate Related

  2. Canadian home price expected to drop 19% by 2023

    Will there be a Canada housing market crash? Fergal McAlindenother TD economist outlines what the future holdsTD’s latest Provincial Housing Market Outlook, released at the end of June, projected that home prices in Canada are set for a further fall in the current rising-rates environment, with a 19% peak-to-trough decline anticipated between the first quarter […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2022
    Real Estate Related

  3. Bank of Canada has raised its benchmark interest rate from 1.5% to 2.5%

    What the Bank of Canadas’ full percentage point hike means for the housing market and your mortgage Stephanie HughesThe Vancouver Sun Surprise 100-basis-point increase will likely put the squeeze on homeowners’ budgetThe Bank of Canada has hiked its benchmark lending rate to 2.5 per cent from 1.5%. It’s expected an increase of this size will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2022
    Real Estate Related

  4. BoC raises key interest rate by 1 percentage point, the biggest increase since 1998

    Bank of Canada interest rate hike turns up heat on Metro Vancouver rental market Derrick PennerThe Vancouver Sun “The Vancouver market was already in crisis. This (rate increase) just heightens it even more.” – Paul Danison, content director Rentals.ca. “The Vancouver market was already in crisis. This (rate increase) just heightens it even more.” — […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2022
    Real Estate Related

  5. Canada needs 3.5M additional homes to achieve any level of affordability | CMHC

    Peter McCartney: Millions of new homes could make or break response to climate crisis Peter McCartneyThe Vancouver Sun Opinion: Regulators need to be willing to set strict green building codes that come into effect now, not after these millions of new homes already exist Construction cranes tower above condos under construction near southeast False Creek […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2022
    Real Estate Related

  6. Shangri-La tower used a real estate appraiser to assess how the market value was affected by the problem

    Affidavits for Shangri-La tower class-action lawsuit examine market values Joanne Lee-YoungThe Vancouver Sun

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

  7. Investors are definitely “taking a hard look at their costs” when making investments | Jill Earthy

    Province’s tech sector braces for downturn Derrick Pennerother American companies are getting hit hard, especially those involved in cryptocurrencySauder School of Business economist Werner Antweiler views the upheaval happening in technology industries as “the great filter,” a weeding out of flashy ideas such as cryptocurrency in favour of innovations built on delivering real products.Tech companies […]

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

  8. RBC predicts Canada heading moderate and short-lived recession in 2023

    Canada recession: It’s coming, RBC predicts, but how long will the downturn last? Salarino Hoother Canada is headed towards a moderate recession, but the economic contraction is expected to be short-lived compared to previous recessions, economists with Royal Bank of Canada predict. The Bank of Canada has been hiking its key overnight interest rate aggressively […]

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

  9. After 1,000 columns, some common issues that prevail in the industry

    Condo Smarts: Tony Gioventu pens 1,000th column on strata life Tony GioventuThe Vancouver Sun Weekly Homes columnist began helping readers with strata-living issues in November, 2002Tony Gioventu, executive director for the Condominium Home Owners’ Association in action in Vancouver, BC., April 3, 2013. Photo by Nick Procaylo /PNGWith over 34,000 strata corporations across British Columbia, […]

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

  10. Price of lumber near $1,200 per thousand board feet up nearly 250% since last April

    Could lumber prices fall even further? Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-07-2022
    Real Estate Related

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