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  1. Overseas buyers mainly responsible for Toronto, Victoria price growth

    Ephraim VecinaCanadian Real Estate Wealth The steady entry of foreign money is chiefly responsible for the continuous growth in Toronto and Victoria residential real estate prices, according to the Bank of Montreal. “We have enough history now to distinguish the clear divergence between Vancouver (down) and Toronto (still straight up),” BMO chief economist Douglas Porter wrote […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-01-2017
    Real Estate Related

  2. Toronto Agent supplying SOLD data hearing nearing conclusion

    Sold data ruling expected Justin da RosaREP The ongoing battle between the Toronto Real Estate board and a popular real estate website may be nearing its conclusion “The process continues and there’s no telling how long the three judge panel will take to make their decision but normally it’s within two months,” Fraser Beach, an […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-01-2017
    Real Estate Related

  3. Strong evidence of problematic conditions persists in real estate market: CMHC

    Canadian Real Estate Wealth Canada’s federal housing agency says strong evidence of problematic conditions continues to exist in the national housing market. Canada Mortgage and Housing Corporation says the most prevalent issues it has observed in the 15 markets it monitors are overbuilding and overvaluation, which occurs when house prices outpace economic fundamentals such as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-01-2017
    Real Estate Related

  4. Reverse mortgage sales soar for HomEquity

    Steve RandallCanadian Real Estate Wealth HomEquity Bank has reported a 26 per cent rise in reverse mortgage sales with a total of $459 million in 2016. The figures reflect a sharp rise in the firm’s mortgage broker business which increased 48 per cent year-over-year following the launch of its Mortgage Broker Direct service in September […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-01-2017
    Real Estate Related

  5. Strata budget hit hard by unexpected snowfall

    Snow removal pushes strata budget into red ? Tony GioventuThe Province Dear Tony:   I am the president of my townhouse strata in Surrey. The snowfall that we experienced over the Christmas season will result in our year-end budget being in a deficit and our council is not sure how to handle this. We budgeted for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-01-2017
    Strata Information

  6. Belmont at Heritage 22084 Fraser Highway Langley 55 condos in a four level wood frame building by Infinity Properties

    Designer for Belmont at Heritage complements angular spaces with soft touches Mary Frances HillThe Province Belmont at HeritageWhere: 22084 Fraser Highway, Langley What: 55 condominium homes ranging from one- to three-bedroom units in a four-level wood-frame building in Murrayville Residence sizes and prices: From $299,900 for units ranging from 717 to 1,529 square feet Developer and builder: Infinity […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-01-2017
    Real Estate Related

  7. Airbnb pays better than long-term rentals

    Vancouver property owners still don?t recoup their money nearly as fast as owners in other cities JENNIFER SALTMANThe Province The owner of a three-bedroom property in Vancouver could recoup their purchase price about 10 years faster if they do short-term rentals versus having a long-term tenant, according to a study released Tuesday. However, the study […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-01-2017
    Real Estate Related

  8. Vancouver near the bottom of global housing affordability rankings

    Ephraim VecinaMortgage Broker News The latest edition of an annual survey by global statistics consultancy Demographia found that Vancouver is the third least affordable metropolitan housing market in the world as of the beginning of 2017, coming right after Hong Kong and Sydney, Australia. With the median home price ($830,100) being over 11 times higher than […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-01-2017
    Real Estate Related

  9. Equifax unveils multi-million-dollar credit data platform

    Steve RandallCanadian Real Estate Wealth Mortgage lenders will have access to enhanced insights into customers’ credit profiles following the release of a new multi-million-dollar technology platform. Equifax Canada has announced that the first phase of its platform which is says will enable its clients to deliver a better end-consumer experience, faster service, and fair and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-01-2017
    Real Estate Related

  10. City of Vancouver Proposed Character Home Zoning Changes Petition

    other Download Document

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-01-2017
    Real Estate Related
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