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  1. BC Home Sales Ratchet Higher in September

    BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,340 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 9.9 per cent from the same period last year. Total sales dollar volume was $5.8 billion, up 30.2 per cent from September 2016. The average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-10-2017
    Real Estate Related

  2. BC Home Sales Ratchet Higher in September

    BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,340 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 9.9 per cent from the same period last year. Total sales dollar volume was $5.8 billion, up 30.2 per cent from September 2016. The average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-10-2017
    Real Estate Related

  3. After 8 months, housing starts paused last month

    Steve RandallREP There was a decline in Canada’s housing starts in September, following eight months of trending upwards. CMHC reports that the six-month trend of starts slipped to 214,821 last month from 220,573 in August. “Housing starts are trending lower in September after increasing for eight consecutive months,” said Bob Dugan, CMHC’s chief economist. “Nevertheless, […]

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

  4. Government eyeing ‘all options’ to cool Vancouver housing market

    Natalie Obiko Pearson? With assistance by Tiffany Kary, and Erik HertzbergREP Vancouver’s million-dollar home prices aren’t just straining buyers, they’re holding back investment and businesses, said British Columbia’s finance minister, vowing to look at every option on the table to cool the market. “It’s become a bigger issue — it’s become an economic issue for […]

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

  5. Dual Agency Update

    More on dual agency Ross WilsonREM People have expressed concern that a sales rep cannot honestly represent the interests of two or more rival parties simultaneously. There may be some truth to this, for the risk of conflict of interest is certainly a possibility. But it all boils down to how the situation is handled. […]

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

  6. Federal tax agency takes developers to court over purchase contract assignments

    Ephraim VecinaMortgage Broker News After successfully bringing the companies behind Vancouver’s Marine Gateway and the Residences at West to court last July, the Canada Revenue Agency has obtained court orders against Westbank of the Telus Garden development and Concord Pacific of the One Pacific project. The cases are part of the CRA’s pursuit for more […]

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

  7. Mortgage carrying costs to rise 8% for new buyers says Scotiabank

    Steve RandallCanadian Real Estate Wealth Home affordability for first-time buyers is set to take another hit in the coming months as rising prices are exacerbated by rising mortgage costs. In its latest economic forecast, Scotiabank calls for an 8% rise in mortgage carrying costs for new buyers in 2018 with an additional 4% rise in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-10-2017
    Real Estate Related

  8. Second + Main 180 East 2nd Avenue 223 homes from 479 to 999 square feet in a 12 storey building by Create Properties

    Project from Create Properties has been attracting more than a little interest Simon Briault The Vancouver Sun Second + Main Project location: 180 East 2nd Ave., Vancouver Project size: 233 homes ranging in size from 479 to 999 square feet and price between the mid-$500,000s and $1.5 million. Home styles: studios, one-bedrooms, Micro 2 suites, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2017
    Real Estate Related

  9. Future of historic Gastown may include a car-free Water Street

    Scott Brown The Vancouver Sun A proposal to restrict vehicle traffic and turn Water Street into a “pedestrian priority” roadway is one of the ideas the city of Vancouver is hoping to get feedback on as it opens public consultation on a planned “major rehabilitation” of Gastown. The city aims to learn as much as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2017
    Real Estate Related

  10. Vancouver’s mayor makes move to give locals first crack at condo pre-sales

    Mayor moves to offer locals first crack at condo pre-sales Scott Brown The Vancouver Sun Mayor Gregor Robertson will introduce a motion at the next meeting of city council (Oct. 17) that he hopes will stop real estate developers from offering out-of-province buyers first-crack at condo pre-sale opportunities in Vancouver. In a statement released on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-10-2017
    Real Estate Related

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