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  1. BC Housing Demand Remains Mixed in October

    BCREAother The British Columbia Real Estate Association (BCREA) reports that 7,272 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, down 16.7 per cent from the same month last year. Total sales dollar volume was $4.4 billion in October, down 24.2 per cent compared to the previous year. The average MLS® […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-11-2016
    Real Estate Related

  2. National sales up in October

    Justin da RosaREP This is how the new mortgage rules have impacted housing markets across the country. “First-time home buyers looking to get into the market before having to face tougher mortgage eligibility criteria had only two weeks to do so following the Finance Minister’s announcement of tighter mortgage regulations in early October,” said Gregory […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-11-2016
    Real Estate Related

  3. World?s Biggest Real Estate Frenzy Is Coming to a City Near You

    other If they were anywhere else in Beijing, the five young women in cowboy hats and matching red, white, and blue costumes would look wildly out of place. But here at the city’s biggest international property fair — a frenetic gathering of brokers, developers and other real estate professionals all jockeying for the attention of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-11-2016
    Real Estate Related

  4. Allwood Place 2800 Allwood Street Abbotsford 32 townhomes plus the Alder Club in the 1st phase of 224 townhouses total by The Onni Group

    Finding the right fit in Abbotsford ? MICHAEL BERNARDThe Vancouver Sun Project: Allwood Place Project location: 2800 Allwood St., Abbotsford Project size: A master-planned community of 224 townhomes, with the first phase of 32 two- and three-bedroom townhomes, and the Alder Club, an amenity building that includes a gym, a lounge area with kitchen, a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-11-2016
    Real Estate Related

  5. Realtors rush to East Vancouver hoping to parcel land and make big bucks for all

    East Vancouver area plan churns up ?rush of realtors? MATT ROBINSON The Vancouver Sun East Vancouver is open for business, with eager realtors amassing blocks of homeowners willing to cash out of their houses and make way for multi-unit developments. In Grandview Woodland, neighbouring homes along Nanaimo Street and East Broadway are listed at prices far greater than their assessed values. As expensive as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-11-2016
    Real Estate Related

  6. Leaving a home empty in Vancouver to cost at least $10,000

    Steve RandallREP The talk of an empty homes tax in Vancouver is to become a reality. The city council says that it will be introduced by January 1, 2017. “The City won’t sit on the sidelines while over 20,000 empty and under-occupied properties hold back homes for renters struggling to find an affordable and secure […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-11-2016
    Real Estate Related

  7. Vancouver sales downturn an omen of greater market hardship?

    Ephraim VecinaMortgage Broker News Fresh data from the Real Estate Board of Greater Vancouver revealed a massive 38.8 per cent year-over-year decline in home sales last month, a development that has provoked anxiety among observers wary of the effects of a recently-implemented foreign buyers’ tax and far-reaching changes to federal mortgage rules. Experts warned that the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2016
    Real Estate Related

  8. What Hong Kong?s tax change tells about Chinese property demand

    Hong Kong recently increased their stamp duty on foreign buyers from 15% to 30% Juwaiother This not only means it’s now more expensive for non-residents to buy property in the city, but also means that Chinese buyers – who long have considered Hong Kong a notable playground for them – will now be casting their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-11-2016
    Real Estate Related

  9. Ontario will outline plans next week to deal with rising home prices

    Keith LeslieCanadian Real Estate Wealth Ontario will take steps next week to deal with rising house prices in the Toronto area, but it will not follow British Columbia’s lead and impose a tax on foreign buyers. Finance Minister Charles Sousa said Tuesday that “something must be done” to deal with soaring home prices in Toronto, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-11-2016
    Real Estate Related

  10. FICOM releases disclosure guidelines

    Justin da RosaMortgage Broker News Starting June 30, 2017, brokers in BC will have to disclose what they earn to their clients. The Financial Institutions Commission (FICOM) released the Mortgage Broker Conflict of Interest Guidelines late Tuesday. Under the guidelines, every broker who works on a transaction will be required to disclose to borrowers the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-11-2016
    Real Estate Related

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