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  1. HBC to close $200m mortgage, consider sale of Vancouver flagship

    Steve RandallCanadian Real Estate Wealth Hudson’s Bay Co (HBC) is considering the sale of its flagship Vancouver store at 674 Granville Street. The company said Monday that its joint venture with RioCan Real Estate Investment Trust has appointed CBRE and Brookfield Financial Real Estate Group to investigate a potential sale. “We are exploring a sale […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-10-2017
    Real Estate Related

  2. Will OSFI regulations really strip consumers of choice with mortgage stress test?

    Neil Sharma Mortgage Broker News The Office of the Superintendent of Financial Institutions has been repeatedly excoriated by mortgage industry veterans for its intervention, but not everybody believes the lending regulations will spell doom and gloom. On the one hand, alternative lenders and mortgage investment corporations will see business surge, but on the other hand, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-10-2017
    Real Estate Related

  3. City of Vancouver reveals preliminary design plans for Arbutus Corridor Streetcar

    Kenneth Chan other The public now has a first glimpse of what the Arbutus Greenway and its future streetcar line could look like. Over the weekend, the City of Vancouver held a three-day long ‘Design Jam’ with 100 participants on the future of the Arbutus Corridor. As part of this public consultation process, the municipal […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-10-2017
    Real Estate Related

  4. New home sales down 48% in the GTA last month

    New home sales halved in the GTA last month Steve RandallREP Sales of new homes were down 48% in the Greater Toronto Area compared to a year earlier as low- and high- rise sectors saw large declines. High-rise sales fell 37% to 1,749, 3% below the 10-year average; and low-rise sales of just 352 was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-10-2017
    Real Estate Related

  5. The Canadian Mortgage and Housing report says affordability at heart of issues

    CMHC releases market outlook Neil SharmaREP The Canadian Mortgage and Housing Corporation released its Housing Market Outlook report, and affordability remains at the heart of issues plaguing Canada’s largest city. However, price growth is expected to moderate. Although Canada’s economy is expected to remain healthy, GDP growth by 2019 is expected to slow down. CMHC […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-10-2017
    Real Estate Related

  6. Report highlights next year’s real estate trends

    Neil SharmaCanadian Real Estate Wealth Housing affordability continues to dominate the conversation in the Greater Toronto Area’s housing market. A new report released by the Urban Land Institute in conjunction with PwC, called Emerging Trends in Real Estate described governmental regulation as likely to exacerbate the affordability problem. The laws of supply and demand lie […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-10-2017
    Real Estate Related

  7. Viridian 3618 150th Street Surrey 57 townhomes by Portrait Homes

    Quality on offer at Viridian ? Portrait Homes? 57-unit townhome development in South Surrey Simon Brault The Vancouver Sun Viridian Project location: 3618 150th St., Surrey Project scope: 57 homes, 2-3 bedrooms, 2,226 – 2,486 sq. ft. Prices: Between $919,900 and $1,158,200. Developer: Portrait Homes Ltd. Architect: Burrowes Huggins Architects Interior designer: 13 Design Group Sales […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-10-2017
    Real Estate Related

  8. Canadian housing market still highly vulnerable says CMHC

    Steve RandallCanadian Real Estate Wealth Moderate overvaluation and price acceleration continue to concern the CMHC which said Thursday that the Canadian housing market remains “highly vulnerable”. In two reports, the agency said that construction is set to slow down by 2019 after a boost in 2017, but the level will remain close to the average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2017
    Real Estate Related

  9. Last week’s OSFI Mortgage Rule Announcement has an impact, but not enormously dramatic.

    David Fordother Whenever OSFI is “considering” anything, it’s happening. Let’s be very alert not to hit the panic button. All this change does is level the playing field between qualifying for a Variable Rate and qualifying for a Fixed Rate Mortgage. Three years ago, OSFI passed legislation that anyone choosing a 4 Year Fixed Rate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2017
    Real Estate Related

  10. Stress Test – Government adds new qualifying requirements for uninsured mortgages

    OSFI is reinforcing a strong and prudent regulatory regime for residential mortgage underwriting other Effective January 1, 2018, home buyers who don’t require mortgage insurance — those with a down payment of 20 per cent or more — must qualify for their mortgage at a higher rate This new stress test won’t apply to people […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2017
    Real Estate Related

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