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  1. Micro condos gain ground

    Jamie HenryOther With more people wanting to live nearer the city core there is a growing interest in micro-condos. For those who put location above space they make an ideal choice with prices starting below $200,000. Smart House Ottawa and Reliance Properties are two firms that have seen an uptick in the sector. John Stovell […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-12-2014
    Real Estate Related

  2. Brentwood Mall’s Amazing Transformation

    Other If you dub your development The Amazing Brentwood, you gotta be able to back it up. Shape Properties EVP Darren Kwiatowski assures us his firm’s transformation of Burnaby’s old Brentwood Mall—a “mixed-use project on steroids”—justifies its new handle. The mega-project entails the total redevelopment of Brentwood Mall into a 28-acre transit-oriented, mixed-use city centre, with 1.3M SF of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-12-2014
    Real Estate Related

  3. Toronto condo constructions hit new record

    Jamie HenryOther Construction of condos in the Greater Toronto Area has ended the year on a high. Following some tough conditions at the start of 2014, not least from the freezing conditions, the market has grown sharply. Although the analysts don’t agree on an exact number they all put it around 20,000 with an increase […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-12-2014
    Real Estate Related

  4. Positive impact for investors in Dawson Creek and Fort St. John

    Jennifer PatersonOther As the B.C. government approves the construction of the Site C dam on the Peace River, experts suggest that investors in the area will feel a positive impact as early at the beginning of 2015. “[Anyone] opening up a service business that will support the many who will be moving to the area to build this project, or […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-12-2014
    Real Estate Related

  5. CREA pays over $3 million for rights to .mls

    Other The Canadian Real Estate Association has secured the rights to the .mls top-level domain with a winning bid of US $3.359 million. The association out-bid Afilias, a global registry company based in Dublin, Ireland. Earlier CREA attempted to avoid having the rights go to auction by applying for a Legal Rights Objection, a process […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-12-2014
    Real Estate Related

  6. 15 per cent house price drop possible, RBC chief says

    A rise in interest rates and a ‘healthy’ fall in prices could save debt-strapped Canadians, bank CEO says. Other Canadian housing prices could fall as much as 15 per cent should interest rates climb, which would be “healthy” for the country’s economy, Royal Bank of Canada Chief Executive Officer David McKay said. “There could be […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-12-2014
    Real Estate Related

  7. BC Forecast to Lead Nation in 2014 Home Sales: CREA

    BC set to post a 14.5 per cent annual increase in activity in 2014 – and it could keep going up, predicts Canadian Real Estate Association Joannah Connolly Other The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-12-2014
    Real Estate Related

  8. Industry criticizes wind turbine report

    Jennifer PatersonOther A recent study by the University of Guelph, which found wind turbines do not have an impact on nearby property values, might have earned a big sigh of relief from investors – but the study’s results have been strongly criticized by members of the real estate industry. “I have had several deals fall apart […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-12-2014
    Real Estate Related

  9. What will be the long-term impact of oil price decline?

    Jennifer PatersonOther Investors hoping that dropping oil prices would give them a foothold in the Calgary housing market might not see the drop in prices they had hoped for. Glenn Herring, a RE/MAX Realtor based in Calgary, said: “It’s my opinion that any correction in the market is going to affect properties in the $500,000-plus […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-12-2014
    Real Estate Related

  10. Brokers sceptical over CMHC foreign ownership data

    Jamie HenryOther Brokers have been quick to react to new CMHC data on foreign ownership of condos. The report says that contrary to popular belief the figure for Toronto; where foreign investment is most prolific; is only 2.4 per cent; Vancouver 2.3 per cent; Calgary just 0.2 per cent. Most of the comments to Mortgage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-12-2014
    Real Estate Related

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