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  1. Home Prices in Canada?s Biggest City Gain Most Since 1989

    Erik HertzbergREP May was the biggest month for Toronto new home prices in 27 years. Prices in Canada’s largest metropolitan area rose 1.9 percent in May, and were up 6.4 percent from a year earlier. Nationally, home prices rose 0.7 percent in May, the largest monthly increase since 2007, Statistics Canada reported Thursday. The data […]

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

  2. Tight Market Conditions Prevail Around the Province

    BCREAother The British Columbia Real Estate Association (BCREA) reports that a record 12,906 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 14.3 per cent from the same month last year. Total sales dollar volume was $8.97 billion in June, up 25.7 per cent compared to the previous year. The […]

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

  3. China Consumer?s will spend $56 Trillion in the next 8 years

    other You must have heard of that wise saying: ‘Don’t put all your eggs in one basket !’  Wise and successful entrepreneurs know that diversifying their revenue sources by expanding into different markets will ensure the health and continuous growth of their businesses, even during sluggish domestic economic conditions.   The exploding cross-border e-commerce markets offer […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2016
    Real Estate Related

  4. CMHC releases additional foreign ownership data

    Justin da RosaCanadian Real Estate Wealth The Canada Mortgage and Housing Corporation released information on foreign ownership in Montréal in a bid to address “data gaps.” Foreigners own 1.3% of homes in Montreal and 4.9% in downtown Montréal, according to the CMHC’s latest Housing Market Insight Report which focused exclusively on foreign investment rates in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2016
    Real Estate Related

  5. Brexit to Fuel Canada Home Prices in Highest Forecast Since 2000

    Katia DmitrievaMortgage Broker News Home prices across Canada are set to jump this year as interest rates are kept  near record lows by economic uncertainty from the U.K. referendum to leave the European Union, according to brokerage Royal LePage. The average house price will rise 12.4 percent from 2015 to C$563,000 ($434,000), the highest year-over-year […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2016
    Real Estate Related

  6. B.C.’s soaring housing starts trigger construction cheers, economists’ concerns

    Matt Robinson & Glen SchaeferThe Province Housing starts in B.C. are way up in the first six months of this year while the bulk of the country is flat or falling. That trend appears in the Canadian Mortgage and Housing Corporation’s most recent preliminary housing start data released this month. This news comes on the heels of recent data by the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2016
    Real Estate Related

  7. B.C. to allow Vancouver to tax vacant homes

    Cassidy OlivierThe Province The City of Vancouver is one step closer to introducing a vacancy tax that will target homes and condos that sit empty for the majority of the year after the provincial government on Monday committed to introducing the needed legislation in a rare summer sitting of the legislature.  Finance Minister Mike de Jong […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2016
    Real Estate Related

  8. Lakestone 9295 Okanagan Centre Road West, Lake Country 550 acres for single family homes and 12 duplex homes by Macdonald Development Corp

    Multi-level Lake Club adds to appeal of Okanagan development Michael BernardThe Vancouver Sun Project: Lakestone Project location: 9295 Okanagan Centre Road West, Lake Country Project size: Fully serviced lots on 550 acres providing for single-family homes ranging from 2,500 to 6,000 sq. ft. Also available for sale are 12 duplex homes and 10 single-family homes slated for construction Prices: Lots […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2016
    Real Estate Related

  9. Concord Brentwood 4756 Lougheed Burnaby 10 towers in development, phase I a 45-storey tower with 426 homes by Concord Pacific Developments Inc

    Concord goes green in Brentwood 4756 Lougheed Highway, Burnaby Michael Bernard The Vancouver Sun Project: Concord Brentwood Project location:  4756 Lougheed Highway, Burnaby Project size/scope: A total of 10 highrise towers, between 40 and 50 storeys. The first tower of 45 storeys in Phase 1 features 426 one-, two- and three-bedroom homes in a setting surrounded […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2016
    Real Estate Related

  10. Experts, investors see warning signs of real estate slowdown in Vancouver

    Bethany LindsayThe Vancouver Sun The end of another month means one thing in real estate-mad Vancouver: word that housing prices have hit another jaw-dropping high. But behind the figures for June are some statistics that could suggest the market is finally slowing down. While the benchmark price for typical single-family homes rose to $1.56 million, according to the Real Estate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2016
    Real Estate Related

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