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  1. Spending on renovations outpaces new home construction

    Tara Perkins Other More money was spent renovating homes in Canada than building new ones during the 12 months to the end of June, according to data compiled by the Bank of Montreal. “In the four quarters through [the second quarter], renovation activity outpaced investment in new residential construction $48.4-billion to $46.3-billion, as the latter […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-10-2014
    Real Estate Related

  2. New home construction in Canada held relatively steady in September

    BCREA ECONOMICS NOWOther New home construction in Canada held relatively steady in September, rising a slight 0.5 per cent to 197,343 units at a seasonally adjusted annual rate (SAAR). The six-month trend in Canadian housing starts of 197,747 units SAAR sits slightly in excess of Canadian household growth.Housing starts in BC urban centers moderated from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2014
    Real Estate Related

  3. Building permits decline in August; reversing the trend

    Jamie HenryOther Following three months of double-digit increases in the number of building permits issues by municipalities across Canada there was a drop in August. According to the latest data release from Statistics Canada the decline was mainly the result of lower construction intentions for non-residential buildings in Quebec and residential buildings in Ontario. After […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2014
    Real Estate Related

  4. China Just Overtook The US As The World’s Largest Economy

    Mike BirdOther Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund. Chris Giles at the Financial Times flagged up the change. He also alerted us in April that it was all about to happen.  Basically, the method used by the IMF adjusts for purchasing power […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2014
    Other News Articles

  5. Lead-Generation Tactics

    Of these 28 lead-generation tactics, each can be effective on its own – but when intelligently used together can be very beneficial Kevin LynchOther In the course of my work as a real estate skills trainer, I have identified 28 proactive lead-generation tactics that are both direct and indirect strategies. Any one can be effective […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2014
    Real Estate Related

  6. The value of Canadian building permits fell 27.3 per cent in August

    BCREA ECONOMICS NOWOther The value of Canadian building permits fell 27.3 per cent in August. Prior to Augusts’s decline, building permits had posted double-digit increases for three straight months. Lower construction intentions were primarily the result of declines in Quebec and Ontario.New building permits in BC tumbled almost 28 per cent on a monthly basis […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2014
    Real Estate Related

  7. Eight Steps to Closing the Purchase of Your New Home

    Once you’ve found your new home, then comes the seemingly tricky bit of lawyers, notaries, searches and contracts. Richard Bell of Bell Alliance explains that it’s really quite simple Richard Bell B.A. LL.BOther So, working with your Realtor, you have found your new home and, with assistance of your mortgage professional, you have arranged for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-10-2014
    Real Estate Related

  8. Vancouver, BC Post Building Permit Declines: StatCan

    After driving Canada’s record-high building permit values in July, Vancouver and BC’s residential construction permits plummet in August Joannah ConnollyOther Following huge gains in the value of residential building permits issued in July, Vancouver and BC posted much lower figures in August 2014, according to Statistics Canada figures released October 7. The figures would be […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-10-2014
    Real Estate Related

  9. The US economy added 248,000 jobs in September

    Other The US economy added 248,000 jobs in September while previous months job growth was revised higher by 69,000 jobs. Over the past 3 month, US payroll growth has averaged 223,000 jobs. The US unemployment rate fell to 5.9 per cent, the lowest reading in six years. While inflation remains muted and considerable slack remains […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-10-2014
    Other News Articles

  10. Meaningful, Affordable Change to the Property Transfer Tax

    BCREAOther Minister of Finance Mike de Jong has made it clear that there’s no room in the provincial budget for new spending. In fact, that’s been the message of his office for several years, and BCREA respects this fiscally-prudent approach. But fiscal prudence isn’t just about saying no; sometimes, a strategic yes is in order. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-10-2014
    Real Estate Related

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