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  1. RBC does away with mortgage limits for foreigners

    Justin da RosaOther The Royal Bank of Canada will no longer limit mortgage size for immigrant buyers in Vancouver. “We’re seeing a lot of affluent newcomers looking to buy high-purchase price homes,” Christine Shisler, RBC’s director of multicultural markets, told Reuters. “Now we can actually service any mortgage amount.” Shisler said the bank removed its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-11-2015
    Real Estate Related

  2. Vacancy rates, rents on the rise

    Jennifer PatersonOther The average vacancy rate in Canada’s largest cities is on the rise, according to new data from Canada Mortgage and Housing Corporation. Its fall Rental Market Survey, published today, found that the average vacancy rate in purpose-built rental apartments increased to 3.3 per cent in October 2015, up from 2.8 per cent in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-11-2015
    Real Estate Related

  3. Study claims Vancouver housing market dominated by Chinese

    Steve RandallOther Seventy per cent of detached homes in Vancouver’s west side were purchased by buyers from China, according to new academic study. The study was undertaken by Andy Yan, a Vancouver city planner and researcher, between August 2014 and February 2015. He found that during that six-month period there was a total of $525 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-11-2015
    Real Estate Related

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