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  1. Royal Bank ‘closely monitoring’ housing markets in Vancouver, Toronto: CEO

    Lenders have added more insurance on loan portfolios REP Royal Bank CEO David McKay says the lender is “closely monitoring” the real estate markets in Vancouver and Toronto, where home prices have been climbing at a breakneck pace. “The short supply of single-family homes in both cities coupled with strong demand fuelled by household formation, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-08-2016
    Real Estate Related

  2. Vancouver tax leaves housing market vulnerable says Fitch

    Steve RandallREP Three weeks after the 15 per cent tax on foreign home buyers was introduced in Vancouver, Fitch Ratings says it leaves the housing market vulnerable to rising unemployment. The report says that beyond cooling the market, data showing a slowdown in sales in the city suggest that, if unemployment was to rise, there […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-08-2016
    Real Estate Related

  3. Study: average Canadian family spent more on taxes than food and housing combined last year

    Canadian Real Estate Wealth VANCOUVER – The Fraser Institute calculates that the average Canadian family paid $34,154 in taxes of all sort last year, including “hidden” business taxes that are passed along in the price of goods and services purchased. The Vancouver-based think-tank estimates that the average bill for income taxes collected by governments was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-08-2016
    Real Estate Related

  4. Gellatly Place 4215 Gellatly Road West Kelowna 33 condos in phase 1 of three phases marketed by Fortune Marketing

    Gellatly Place balances rural living with all the amenities MICHAEL BERNARDThe Vancouver Sun Project: Gellatly Place Project size: A three-phased project with a total of 111 two- and three-bedroom condominiums in three buildings. In Building 1, the 33 homes range from 877 to 1,275 sq. ft. Prices: From $316,900 Architecture/Interior Design: BlueGreen Architecture Sales Centre: 4215 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-08-2016
    Real Estate Related

  5. Ravenswood 39289 Falcon Crescent Squamish 117 single family homes by Benchmark Homes

    Squamish development Ravenswood offers an idyllic mix of value and lifestyle SIMON BRIAULTThe Vancouver Sun Ravenswood Project location: 39289 Falcon Crescent, Squamish       Project size: 117 three- and four-bedroom homes, 1,913 — 2,411 square feet Developer: Benchmark Homes Architect: SuCasa Design Interior designer: Gannon Ross Designs Price: from $800,000 Sales centre: 39289 Falcon Crescent, Squamish Hours: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-08-2016
    Real Estate Related

  6. Concord Pacific sues city over False Creek land development

    Does Concord Pacific care about social housing the height of the building blocking views? TIFFANY CRAWFORDThe Vancouver Sun Vancouver developer Concord Pacific is suing the City of Vancouver, arguing the city plans to build highrise condos on land reserved for low-rise social housing in downtown’s Beach neighbourhood. In 1988, Concord bought 200 acres of land that had […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-08-2016
    Real Estate Related

  7. Is there a limit to social housing?

    Squeezed middle class has a right to ask where government?s priorities lie Pete McMartinThe Vancouver Sun In the circular world of the Downtown Eastside’s social welfare industry, where what goes around comes around again and again and again, last month’s little drama felt familiar: Protesters — in this case organized by VANDU, the Vancouver Area Network of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-08-2016
    Real Estate Related

  8. ?Warehousing? compromises safety

    RISKS: Take the right steps to ensure the security of residents is maintained Tony GioventuThe Province Dear Tony: We have an owner in our building who should never have been moved into a condo. There have been a number of fires in her suite, she is constantly giving strangers keys to our buildings and her […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-08-2016
    Strata Information

  9. The Crossing at 288 171 Street Surrey 67 townhomes by Gramercy Developments Ltd

    The Mill Design Group helps bring the funk to The Crossing by Gramercy Development Mary Frances HillThe Province The Crossing Where: 288 171 Street, South Surrey What: 67 townhomes, two, three and four bedrooms Residence sizes and prices: 1,301 — 1,948 square feet; from $489,900 Developer and builder: Gramercy Developments Ltd. Sales centre: 288 171 Street, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-08-2016
    Real Estate Related

  10. Vancouver rents on track to jump 20% in 2016

    Data from online listings show rent rates mirrored the steep increase seen in housing prices in 2016 Jen St. Denis Metro Vancouver rents are on track to rise a whopping 20 per cent this year, according to an economist at the University of British Columbia who has been tracking online rental listings. “On an annualized […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-08-2016
    Real Estate Related
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