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  1. B.C.-esque tax in Toronto would be disastrous – lawyer

    Ephraim VecinaMortgage Broker News A foreign buyers’ tax similar to that implemented by the British Columbia government would prove fatal to the Toronto housing market, a renowned real estate lawyer cautioned. “So much of [Toronto’s real estate] is owned by foreign owners, and we welcome their investments,” Toronto-based law practitioner Bob Aaron told CBC News. “It’s important […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2016
    Real Estate Related

  2. B.C. numbers show drops in foreign property buyers since targeted tax

    The foreign buyers tax has resulted in a massive decline in foreign purchases REP VICTORIA _ Property purchase data released today by British Columbia’s Finance Ministry indicates a stampede by prospective foreign buyers to avoid paying a 15 per cent tax in the days before the Aug. 2 deadline. But the numbers also reveal the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2016
    Real Estate Related

  3. West End Community Plan

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    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2016
    Real Estate Legal Articles

  4. Confidence about Canadian housing at lowest levels since 2009

    Homeowners preparing for a decline in real estate value Ephraim VecinaMortgage Broker News The fraction of Canadians who are preparing themselves for a decline in the value of their real estate increased to 24.6 per cent on the week ending September 16, according to the latest poll by Bloomberg. In addition, the share of respondents predicting […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-09-2016
    Real Estate Related

  5. Confidence about Canadian housing at lowest levels since 2009

    Homeowners preparing for a decline in real estate value Ephraim VecinaMortgage Broker News The fraction of Canadians who are preparing themselves for a decline in the value of their real estate increased to 24.6 per cent on the week ending September 16, according to the latest poll by Bloomberg. In addition, the share of respondents predicting […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-09-2016
    Real Estate Related

  6. Household debt outstrips Canadian GDP for the first time

    Ephraim VecinaMortgage Broker News Canadian households’ debt load has surpassed the nation’s economic output for the first time in history, as credit-market debt (including mortgages) swelled to 167.6 per cent of income during the second quarter of the year. According to fresh data released by Statistics Canada on September 15, the ratio between household debt and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-09-2016
    Real Estate Related

  7. Commissioning of new building crucial for strata council

    Commissioning crucial first step Tony Gioventu other Dear Tony: We purchased our Burnaby condo in the spring and our strata is about to hold its first annual general meeting. One of the agenda items posed to the property manager is the requirement for commissioning of the building before the strata council takes over responsibility. We […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-09-2016
    Strata Information

  8. CIBC economist says Ontario will have to tax foreign buyers

    The government needs to take action to make borrowing harder Steve Randall Mortgage Broker News Ontario will have to follow BC in taxing foreign home buyers in order to cool the Greater Toronto Area housing market according to CIBC economist Benjamin Tal. In a client note, Tal said that as evidence is starting to reveal […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-09-2016
    Real Estate Related

  9. Proposals for cracking down on tax evasion in hot markets

    Ephraim VecinaMortgage Broker News Amid the federal and provincial governments’ current efforts to stamp out tax evasion in overheated real estate markets such as Vancouver and Toronto, various observers have offered their suggestions on what can be done to address the most pernicious effects of these illicit financial activities. Speaking to The Globe and Mail, Vancouver-based […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-09-2016
    Real Estate Related

  10. Money laundering in real estate needs more federal attention – observer

    Calls for federal intervention on housing situation intensify Ephraim Vecina Mortgage Broker News While much discussion has been revolving around the purported effect of foreign buyers on Canadian’s home prices, observers argued that another topic that merits increased federal attention is the proliferation of illicit financial activity in the country’s residential real estate segment. In a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-09-2016
    Real Estate Related

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