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  1. CMHC to return to lower-risk roots

    Boyd Erman and Tara Perkins Other The head of Canada Mortgage and Housing Corp. is shifting the priority of the mortgage insurer to helping Canadians buy homes they need, not the bigger, pricier homes they might want. Chief executive officer Evan Siddall said in an exclusive interview that his first six months on the job […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2014
    Real Estate Related

  2. Monster May for housing sales doesn’t mean the market won’t slow

    Garry MarrOther May was a phenomenal month for existing homes sales across the country but the jump in activity might say more about the harsh winter than the state of the market. The Canadian Real Estate Association said Monday that sales in May jumped 5.9% from April which was the largest monthly increase in more […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2014
    Real Estate Related

  3. REBGV May 2014 Stats

    Other Download Document

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-06-2014
    Real Estate Related

  4. False Creek waterfront park remains in limbo

    Council approves two towers for Concord development on Expo Boulevard, but no date given on when nine-acre park will be built Mike Howell Van. Courier Vancouver’s head planner was unable to provide city council this week with a clear timeline as to when a developer will build a long-promised nine-acre park on the False Creek […]

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

  5. Metro Vancouver housing starts rise in May

    Emma Crawford HampelOther Total housing starts were trending at 19,001 units in May in the Vancouver Census Metropolitan Area, according to Canada Mortgage and Housing Corporation data released June 9. This figure, which represents a six-month moving average of seasonally adjusted annual rates, is an increase of 1.8% compared with 18,670 units in April. “Increased […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-06-2014
    Real Estate Related

  6. CMHC drops mortgage insurance for condo developers

    Tara Perkins Other Canada Mortgage and Housing Corp. says it will no longer offer mortgage insurance to developers to finance the construction of new condo buildings. The Crown corporation has not actually provided any of the controversial insurance since 2011, but is now officially removing the product. It was controversial because the insurance made it […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-06-2014
    Real Estate Related

  7. Bank of Canada maintains overnight rate target at 1 per cent

    Other OTTAWA, June 4, 2014 /CNW/ – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Total CPI inflation has moved up to around the 2 per […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-06-2014
    Real Estate Related

  8. Foreign buyers looking to sell?

    Vernon Clement JonesOther Fears that federal government’s move to pull the plug on an incentive program attracting wealthy foreign property buyers to Vancouver and Toronto are indeed grounded, says one Chinese market analyst.  Ian Young, a past editor of South China Morning Post, points to March 2014 data suggesting that within weeks of Ottawa’s cancellation […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-06-2014
    Real Estate Related

  9. Do the math: Vancouver house prices will reach $7 million

    Frank O’BrienOther The average detached house price on the West Side of Vancouver will reach more than $7 million within ten years, suggests Altus Group, one of Canada’s premier appraisal and valuation firms. “If [the current] trend continues, in the year 2024 the average price for older [detached housing] stock could be greater than $2 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-06-2014
    Real Estate Related

  10. Vancouver realtors say there hasn’t been this much home buyer demand in three years

    Garry MarrOther Vancouver sales jumped 14% last month compared to a year ago but still remain 6.5% below the 10-year sales average for the month of May. The Real Estate Board of Greater Vancouver said there were 3,286 sales last month in Greater Vancouver across the Multiple Listing Service, up from 2,882 sales recorded in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-06-2014
    Real Estate Related

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