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  1. Developers concerned about impact of new tax on cooperative ventures

    Ephraim Vecina Mortgage Broker News The new 15 per cent tax on foreign buyers of B.C. homes has made its shockwaves felt not only among overseas nationals, as even developers have expressed concerns about the possible impact of this new levy on cooperative ventures involving non-Canadian companies. Specifically, developers fear that even in a project […]

  2. Is Montreal the next big foreign buyers’ haven?

    The French language is a major deterrent for the Chinese to settle in Montreal Ephraim Vecina Mortgage Broker News While various analysts and observers have predicted a mass exodus of wealthy overseas nationals to markets outside Vancouver in the wake of B.C.’s imposition of a 15 per cent tax on foreign buyers, opinion remains divided […]

  3. SKAHA HILLS 501 Skaha Hills Drive Penticton 24 condos in the master planned community of 600 homes by Greyback Developments

    Latest phase of Okanagan development has spectacular sights MICHAEL BERNARDThe Vancouver Sun Project: The Vistas at Skaha Hills Project location: 501 Skaha Hills Dr., Penticton Project size: Third phase of 24 two-bedroom-and-den and three-bedroom condos overlooking Skaha Lake in the Okanagan. Part of a $250-million master-planned community of 600 homes on 550 acres with an […]

  4. McKinnon 2102 W 48th Avenue 40 homes in a 4 storey building by Cresssey Development Group

    Single family homeowners in tony community part of builder?s target market CLAUDIA KWANThe Vancouver Sun Project name: McKinnon by Cressey Project location: W. 48th Avenue & West Boulevard, Vancouver Project size: 40 homes in a four-storey concrete construction buildingResidence size: 2 — 3 beds, 970 — 2,400 sq. ft. Prices: from $1.3 million Developer: Cressey […]

  5. New tax on foreign buyers might induce price growth instead ? analysis

    The 15 per cent tax might instead only induce a home price increase Ephraim VecinaCanadian Real Estate Wealth The new tax on foreign buyers of residential properties in British Columbia was ostensibly meant to cool down the overburdened Vancouver market, but a long-time market observer noted that the levy will precisely have the opposite effect—at […]

  6. Real Estate Council of B.C. requires photo ID for applications after exam deception

    The Real Estate Council of B.C. is making changes to crack down on agents trying to game their procedures Michael MuiThe Vancouver Sun The Real Estate Council of B.C. is requiring government photo ID checks during licence applications for the first time after discovering an agent who scored 90 per cent on his licensing exam […]

  7. More high-tech = easier to steal

    Thieves can take your car in seconds, and some automakers don?t care David BoothThe Province This is all that an enterprising young — and digital-savvy — car thief has to do to steal your new, high-tech, it’s-computerized-so-it’s-got-to-be-luxury sedan. First, follow you into your favourite chic little boîte, wait for you to get nice and comfy […]

  8. Oak + Park 7600 Oak Street 40 townhouses by Alabaster Homes

    Simplicity within the home and exterior offers a ?modern classic? feel Mary Frances HillThe Province Oak + Park What: 7600 Oak Street Project size: 40 townhomes Residence sizes and prices: 3-bed + den + flex, 1,280 — 1,732 square feet, from $1,250,000 Developer and builder  Alabaster Homes Sales centre: 301 — 1788 W. Broadway Phone: 604-558-5851 […]

  9. Realtor rallies East Vancouver homeowners for $25-million land deal

    A strip of family homes in East Vancouver has become a $25-million dream, forming two land assemblies on a street the city says it has no plans to rezone. Nick EaglandThe Vancouver Sun Between the 2500-2600 block of Renfrew Street, 10 homes, most of them two-storey “Vancouver Specials,” are listed at $2.5 million each, more than double […]

  10. Tales of a Vancouver luxury broker in a transformed market

    Foreign property tax will have no effect on affordability Ephraim Vecina Mortgage Broker News Vancouver’s real estate boom has attracted a profusion of wealthy buyers eager to get their share of the market’s enormous gains, but by all accounts, the past decade has seen the focus shift to rich foreigners as the prime movers in […]