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  1. Vancouver real estate market at low risk of correction

    Despite high prices, demand for housing is supported by a growing population Emma Crawford HampelVan. Courier Vancouver has the nation’s highest real estate prices but the city’s market is unlikely to see a correction, according to the Canada Mortgage and Housing Corporation (CMHC). The risks of overvaluation, overbuilding, market overheating – defined as when demand […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-04-2015
    Real Estate Related

  2. Vancouver could benefit from slimmer homes

    Jamie HenryOther A detached house in Vancouver has sold for $1.35 million despite being just 3.6 metres (12 feet) wide. The Point Grey split level residence was built in the late 1980s on a half-size lot. The four-levels totalling just 945 square feet comprises master bedroom, 1.5 bathrooms, kitchen, living room and den. There’s also […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-04-2015
    Real Estate Related

  3. Bank of Canada’s governor Stephen Poloz rejects talk of a housing “bubble”

    Jamie HenryOther The Bank of Canada’s governor has rejected the idea that there is a housing bubble in parts of the country. Stephen Poloz was appearing before a House of Commons finance committee on Tuesday to defend the central bank’s interest rate cut and give MPs an update on the economy. Mr Poloz last appeared […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-04-2015
    Real Estate Related

  4. CAVEAT EMPTOR DOES NOT ALWAYS PROTECT THE SELLER #LesTwarog

    BCREAOther In a recent case, the plaintiff offered to purchase a property “subject to inspection.” A Property Disclosure Statement (PDS) accompanied the Contract of Purchase and Sale wherein the sellers had answered negatively to whether they were aware of any structural problems, moisture and/or water problems in the walls, basement or crawl space or damage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-04-2015
    Real Estate Related

  5. How to Avoid Home Buyer’s Remorse

    Other Buyer’s remorse is an emotional response that many homebuyers experience during the course of a real estate transaction. The response can take various forms such as feelings of regret, fear, depression or anxiety. Many doubtful questions may arise: Did I buy the right house? What if I lose my job? What if home prices […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-04-2015
    Real Estate Related

  6. Investors look to the Fraser Valley for investment opportunities in single family detached homes and townhouses

    Vancouver’s loss is hotspot’s gain Jennifer PatersonOther As the lofty house prices in the Vancouver become more unattainable, B.C.-based investors should look to the Fraser Valley for investment opportunities, say experts. “It’s a very, very strong buyers’ market right now,” said Randy Dyck, an investor and real estate agent at Eximus. The demand is highest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2015
    Real Estate Related

  7. Research identifies ‘best day’ to sell real estate starting with May 1

    Olivia D’OrazioOther Looking at historical sales data, The Red Pin has determined Friday, May 1 to be the best day to sell a house.   That first day of May – which is just a week and a half away – could net you a higher selling price for your clients, whose home could also […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2015
    Real Estate Related

  8. Could Canada’s hottest cities be about to crash?

    Olivia D’OrazioOther The growth that markets like Toronto and Vancouver are experiencing is – by most accounts – unsustainable, but should sales reps in those cities prepare for a crash? “It’s a fair question, and ‘No’ is the answer I’d give you,” says Phil Soper, president and CEO of Royal LePage and Brookfield Real Estate. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2015
    Real Estate Related

  9. When it’s time for a price reduction

    Bruce KeithOther Often the seller refuses to reduce their price, even though no buyer has shown significant interest. Now what to do? Your next strategy should be to ask some tough questions. Here are four good ones to consider: “Why do you suppose none of the 13 showings we have had in the last two weeks have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-04-2015
    Real Estate Related

  10. Toronto, Vancouver prices soaring says Re/Max

    Jamie HenryOther A new report from Re/Max shows that first-quarter home prices in Toronto and Vancouver increased sharply. In Vancouver, a seven per cent rise in prices in a year means an average sale price of $874,869, while in Toronto there has been an eight per cent increase to an average of $594,827. The higher […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-04-2015
    Real Estate Related

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