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  1. Aging condos eyed for development

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    By Les Twarog Vancouver Real Estate and Condo Blog
    04-11-2015
    Real Estate Related

  2. 70% of buyers on Vancouvers west side were from Mainland China

    Justin da RosaOther It may be a small-scale study, but the statistics are sobering: One association has a large portion of buyers in Vancouver over the past six months are likely mainland Chinese. An academic case study, entitled “Ownership patterns of single family home sale on selected west side neighbourhoods in the city of Vancouver,” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-11-2015
    Real Estate Related

  3. Vancouver home sales surge despite low supply – Consumer confidence hits 2015 high

    Steve RandallOther Home sales in Metro Vancouver were up by nine per cent in October compared to the month prior with 3,646 homes sold. Figures from the Real Estate Board of Greater Vancouver show that the year-over-year increase was 19.3 per cent and the month’s sales was 36.2 per cent above the 10-year average. Apartment […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-11-2015
    Real Estate Related

  4. This city’s house prices are now in ‘jaw dropping’ territory

    CREOther Demand has far outstripped supply in the Vancouver housing market, driving prices skyward. The median price for a single-family detached home on the city’s west side hit $2.91 million last month. That’s a spike of 15.9% from October of 2014 and a 42% jump from the same time in 2013. On the east side, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-11-2015
    Real Estate Related

  5. Land speculators rendering condo prices ‘unsustainable’

    Frank O’BrienVan. Courier Rampant land speculation fuelled by an avalanche of offshore money has driven new condominium prices to the tipping point, a senior real estate analyst warns. “At a certain point buyers will just say ‘no,’” said Michael Ferreira, managing principal of Urban Analytics Inc., following his address last week to the Urban Development […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-11-2015
    Real Estate Related

  6. Condo Prices Surge as Vancouver Real Estate Continues Relentless Pace: REBGV

    Home sales up 19 per cent as prices rise 15.3 per cent – but dramatic rise in growth rate of condo prices is the biggest surprise Joannah Connolly Other Metro Vancouver real estate sales hit another peak in October, with the annual price growth in condos accelerating as demand rises, according to Real Estate Board […]

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

  7. 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

  8. 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

  9. 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

  10. Why Chinese property buyers are going mad for the Mediterranean nations

    Adrian BishopOther The push by Chinese real estate buyers into the United States, Australia and the UK is well established, but now it seems as if they are increasingly targeting Mediterranean nations as well. Demand for property in Spain, Italy, Portugal, Greece and Cyprus on the leading Chinese website Juwai.com has risen dramatically over the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-10-2015
    Real Estate Related

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