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  1. Townhouse teardowns: Get used to the term

    For the first time, townhouse owners can more easily access the true value of their property Frank O’Brien REW This spring, an 88-year-old teardown house in Vancouver’s Point Grey sold for $9 million, more than one million dollars over the asking price.  Across most of Metro Vancouver, many older detached houses on even small lots […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-07-2016
    Real Estate Related

  2. Oak + Park Townhomes 7600 Oak Street 40 townhomes by Alabaster Homes

    Thousands register for new 40-unit project SHAWN CONNERThe Vancouver Sun Project name: Oak + Park Townhomes Project location: 7600 Oak Street Project size: 40 townhomes, 3-bed + den + flex Residence size: 1,280 — 1,600 square feet Price: from $1,100,000s Developer: Alabaster Homes Architectural design: Ciccozzi Architecture Interior design: Occupy Design Website: alabasterhomes.ca/oak-and-park Sales centre: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-07-2016
    Real Estate Related

  3. Home sales fall in June

    Justin da RosaREP Canadian home sales declined in June, according to CREA’s most recent stats. National home sales fell 0.9% month-over-month in June, according to the Canadian Real Estate Association. “June sales extended trends observed the previous month,” Gregory Klump, CREA’s chief economist, said. “As was the case in May, the monthly decline in national […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-07-2016
    Real Estate Related

  4. Vancouver housing market outstrips the rest of Canada – report

    Ephraim VecinaCanadian Real Estate Wealth Citing the results of a recent house price survey, real estate franchising giant Royal LePage announced that the growth and performance of the Vancouver housing market outpaced the rest of Canada by a significant margin. The study released on Wednesday (July 13) found that Greater Vancouver experienced a 24.6 per […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2016
    Real Estate Related

  5. Good news for investors outside Toronto and Vancouver

    Justin da RosaCanadian Real Estate Wealth Although those two markets continue to perform well, a number of additional markets are also showing considerable strength. Several Canadian real estate markets showed increased strength in May, according to Statistics Canada’s latest New Housing Price Index. “The New Housing Price Index (NHPI) rose 0.7% in May, following a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2016
    Real Estate Related

  6. Royal LePage projects 12.4% price growth by year’s end

    Ephraim VecinaCanadian Real Estate Wealth In its latest study, Canadian real estate franchiser Royal LePage predicted a staggering increase in Vancouver and Toronto home prices as well as sounded the alarm on the dangers of speculation in the two cities. According to the recently released “Q2 2016 National House Price Survey and Market Survey Forecast” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2016
    Real Estate Related

  7. Vancouver real estate market won’t cool soon, Royal LePage says

    The Vancouver Sun Realtor Royal LePage says the national average home price climbed 9.2 per cent during the second quarter compared to a year ago — the largest year-over-year gain in five years. In its latest report, the realtor says the national average home price grew to $540,223 during the quarter, fuelled by low borrowing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2016
    Real Estate Related

  8. Civil Resolution Tribunal (CRT) can order repair, payment

    OWNER WON?T PAY: Without bylaws, strata has no authority to maintain or fix the lot Tony GioventuThe Province Dear Tony:  What happens when an owner refuses to repair water damages to their strata lot?  Last year an owner had a pipe break in his strata lot resulting in $8,000 damages to the drywall and carpets. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2016
    Strata Information

  9. Prescott Commons 3323 151 Street Surrey 248 homes in a 4 storey building by Polygon Prescott Commons Ltd

    Young buyers attracted to old feel Mary Frances HillThe Province Prescott Commons Where: 3323 151st Street, Surrey What: 248 apartments – various one- and two-bedroom plans in a master-planned community with a total of 400 homes Residence sizes and prices: Between 642 and 969 square feet. Two-bedroom plans start at $299,900Developer and builder: Polygon Prescott Commons […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2016
    Real Estate Related

  10. Bank of Canada holds rates to tame ‘fire-breathing’ Vancouver housing market

    Joanne Lee-YoungThe Province The Bank of Canada has held on to its overnight interest rate in part because it doesn’t want to inadvertently add fuel to the Vancouver housing market.  It’s “right up there in terms of the leading reasons (the BOC is) extremely reluctant” to touch that benchmark, said Bank of Montreal chief economist […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2016
    Real Estate Related

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