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  1. Unintended disaster might arise from ill-advised government intervention

    Ephraim VecinaREP Stronger government intervention to address outsized home price growth in Canadian cities might have minimal impact at best and undesirable consequences at worst, according to Toronto-based lawyer Ike Awgu. In a recent contribution for The Huffington Post Canada Blog, Awgu cautioned that greater pressure from federal and provincial governments would only lead to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-04-2017
    Real Estate Related

  2. Toronto home sales up 18 per cent, prices up by a third

    Steve RandallREP The heat in the Greater Toronto Area’s housing market shows no signs of slowing with sales increasing year-over-year by 17.7 per cent in March to 12,077. Toronto Real Estate Board reports that listings were up 15.2 per cent year-over-year to 17,051 with detached homes seeing the biggest gains. However, the added supply did […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2017
    Real Estate Related

  3. Introduction of surveillance cameras requires owners? approval

    Extensive system installed without notifying strata council Tony GioventuThe Province Dear Tony: Our strata council has used money from our annual budget that was left over in our maintenance fund to purchase and install video cameras.  Without any notice to the owners, we suddenly have cameras in our elevators, lobbies, parking areas and our exercise […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2017
    Strata Information

  4. Toronto area home prices soar in March, average price in GTA hits $916,567

    Mortgage Broker News The cost of Toronto area real estate soared again in March, with the average price jumping 33.2 per cent from the same month last year and nearly five per cent from February. The Toronto Real Estate Board reported Wednesday that the average price in the area rose to $916,567 last month, up […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2017
    Real Estate Related

  5. Vancouver housing demand rebounds but there’s not much to buy

    Steve RandallREP Sales of homes in the Greater Vancouver market rebounded in March following a week previous month but supply issues remain restrictive. Although March sales (3,579) reported by the Real Estate Board of Greater Vancouver were 30 per cent below the record-breaking sales of a year earlier, they were 46 per cent up from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2017
    Real Estate Related

  6. Rogue mortgage brokers identified by new online portal

    Steve RandallCanadian Real Estate Wealth Mortgage brokers who have broken the rules will now be more easily identified by consumers through a new online portal. Launched by the Mortgage Broker Regulators’ Council of Canada, the database brings together information from provincial and nationwide regulators. “Mortgage brokers are regulated professionals who can help you find the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-04-2017
    Real Estate Related

  7. Banking head speaks out on Toronto real estate market

    Doug AlexanderMortgage Broker News Governments may have to impose more measures to cool Toronto’s housing market if prices remain “overheated” after the spring buying season, said Bank of Nova Scotia’s Canadian banking head James O’Sullivan. Toronto is the housing market of most concern in the country, with unsustainable and unhealthy price increases, O’Sullivan told reporters […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-04-2017
    Real Estate Related

  8. Banks Push Nonprime Mortgage-Bond Revival With Canadian Deal

    Allison McNeelyREP Banks are marketing what could be one of Canada’s first nonprime residential mortgage-backed securities deals since the global financial crisis. National Bank of Canada has held discussions with investors about a bond backed by a pool of residential mortgages just below prime-credit quality, Derek Norton, MCAP Corp.’s chief executive officer, said. The so-called […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-04-2017
    Real Estate Related

  9. Canadian laws allow real estate corruption says report

    Steve RandallREP Canada is one of four countries where loopholes in the law make it easy for corruption in the real estate markets according to a new report. Transparency International analyzed Canada, along with the US, UK, and Australia; and found several weaknesses in regulations and laws which allow money laundering and other issues related […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-04-2017
    Real Estate Related

  10. Court Ruling Increases Risks to Realtors and their Clients

    Deborah Uptonother   Based on a recent action by CRA and a BC Court decision, we need to make you aware of some important steps to take to protect yourself. Here is an excerpt from a media release about the recent BC Court ruling: “This ruling targets a weakness in Canadian laws that often leads foreign […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-04-2017
    Real Estate Legal Articles

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