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  1. Online real-estate brokerage Zoocasa to relaunch with cash injection

    Tamsin McMahonThe Globe and Mail An online real-estate brokerage shuttered by Rogers Communications Inc. last year is relaunching with a new website and an injection of cash from a group of technology-focused investors. Zoocasa is set to announce Tuesday that it has raised $1.35-million in seed money from a group of investors that includes Wind […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 17-10-2016
    Real Estate Related

  2. B.C. Minister Expects Modest Housing Correction From Regulations

    Katia DmitrievaREP The finance minister of Canada’s priciest province for real estate expects new regulations will cool housing appreciation in Vancouver, where there’s already been a marked decline in sales and foreign investment. “We’ll see a slowdown in the rate at which the value of housing goes up; we may see a modest correction,” British […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 17-10-2016
    Real Estate Related

  3. BC housing market remains strong despite Vancouver decline

    Steve Randall Mortgage Broker News The decline in home sales in Vancouver which seems to have been exacerbated by the tax on foreign buyers, does not reflect the wider provincial housing market. The British Columbia Real Estate Association says that, although there are other cities showing declining sales, there are also areas showing continued growth. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-10-2016
    Real Estate Related

  4. Fulton House 2338 Madison Avenue Brunaby 296 homes in a 41 storey tower by Polygon Fulton House Ltd

    Affordable highrise close to Brentwood stores MICHAEL BERNARDThe Vancouver Sun Project: Fulton House Project location: 2338 Madison Ave., Burnaby Project size: 296 one- and two-bedroom apartment homes plus seven townhouses in a 41-storey concrete building just minutes from Brentwood shopping and SkyTrain stations. Over 28,000 square feet of clubhouse amenities, including an outdoor swimming pool, hot […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-10-2016
    Real Estate Related

  5. Foreign real estate buyers look east

    B.C.?s 15 per cent tax appears to be sending offshore money to Toronto GARRY MARRThe Vancouver Sun Foreign homebuyers, frightened off by a 15 per cent property transfer tax in Vancouver, appear to be making their way to Toronto, according to a report published Friday. But Diana Petramala, an economist with Toronto-Dominion Bank, and the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-10-2016
    Real Estate Related

  6. Is housing bubble about to pop or is it just a correction?

    Foreign buyers tax, new mortgage rules, realtor reform among variables JOANNE LEE-YOUNGThe Vancouver Sun Metro Vancouver’s stratospheric real estate market is showing signs of slowing, as properties are sitting longer and some prices are falling even as official benchmarks hang onto their highs. One central bank economist predicts a six-month to year-long correction, after which […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-10-2016
    Real Estate Related

  7. Canada-wide forecast: What investors need to know

    Justin da RosaCanadian Real Estate Wealth One of the country’s largest brokerages has released a province-by-province forecast. What does the future hold for each housing market? British ColumbiaUncertainty is the adjective to use when describing Canada’s western-most province, according to Royal LePage. “New government taxation and regulations within the region have also introduced a great […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 14-10-2016
    Real Estate Related

  8. ‘Hope for the best, but expect the worst’ – financial advisor

    Ephraim VecinaMortgage Broker News Canadian consumers and home owners must brace themselves for the effects of the recently announced changes to federal mortgages rules, as these will directly affect the main drivers of dynamism in the country’s real estate sector. In a contribution piece for Maclean’s, renowned financial advisor and author Hilliard MacBeth noted that the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 14-10-2016
    Real Estate Related

  9. RBC report mirrors Chinese expectations for Vancouver

    Ephraim VecinaMortgage Broker News In the wake of Finance Minister Bill Morneau’s announcement of new federal rules governing mortgages, a fresh RBC Economics report offered a silver lining around current developments, reflecting in many ways Chinese would-be buyers’ optimism towards Canada’s priciest city. According to the report, once the market has adjusted to the regulatory changes, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 14-10-2016
    Real Estate Related

  10. Banks to monitor markets amid regulatory changes

    Ephraim VecinaMortgage Broker News With new federal rules setting tighter requirements set for borrowers, Canadian banks will be closely monitoring movement in the national markets, starting with updated data to be released today by the Canadian Real Estate Association (CREA). The Bank of America adjusted its initial Canadian real estate growth predictions of 1.6 per […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 14-10-2016
    Real Estate Related
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