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  1. BC?s Recreational Property Market Buoyed by Ripple Effect

    Sales and prices for recreational properties are up across BC, with overseas demand remaining steady Joannah Connolly REW The hot housing market in Greater Vancouver is spilling over into the BC-wide recreational property market, according to the 2017 Royal LePage Canadian Recreational Housing Report published June 20. The aggregate price of a recreational home in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-06-2017
    Real Estate Related

  2. Regulator tracks rise in mortgage fraud complaints in B.C. as house prices jump

    Mortgage fraud complaints in B.C. soar along with house prices Sam CooperThe Vancouver Sun A review of B.C. regulatory filings points to a growing number of mortgage fraud cases involving fake incomes, phoney offshore collateral, and false tax information in schemes allegedly connected to real estate professionals operating in B.C.’s growing shadow banking sector. Postmedia […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2017
    Real Estate Related

  3. BCSC alleges fraud against mortgage firms, individuals

    Steve RandallREP Three British Columbia residents and two mortgage investment corporations have been accused of committing fraud by the BC Securities Commission. DominionGrand II Mortgage Investment Corporation (DG Mortgage) and DominionGrand Investment Fund Inc. (DG Fund) are B.C.-based companies that held themselves out as mortgage investment corporations; controlled by Donald Bruce Edward Wilson, David Scott […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2017
    Real Estate Related

  4. Documentary ?Vancouver: No Fixed Address? explores the city?s housing crisis

    Diane SlawychREM A new documentary says Vancouver is experiencing a housing crisis so severe that many of its residents have been forced out into the streets. Some live in tents, others in vehicles. It’s not entirely surprising in a city where the average house price is $1.7 million and the minimum wage is $11 an […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2017
    Real Estate Related

  5. Mortgage rates to increase sooner than expected

    The future of mortgage rates REP Interest rates are expected to increase sooner than originally expected. “With economic growth coming in strong this year, inflation should turn the corner,” TD Bank said in its Quarterly Economic Forecast. “The Bank of Canada will look for confirmation, but is now expected to begin increasing its policy interest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-06-2017
    Real Estate Related

  6. Belpark 375 West 59th Avenue 120 homes in a 6 storey building by Intracorp

    Intracorp?s Belpark attracting plenty of interest from its immediate Vancouver area Simon BriaultThe Vancouver Sun Belpark Project location: 375 West 59th Ave Project size: 120 apartments. The project is already at least 80 per cent sold. The two-to-four-bedroom homes still available start at $1,877,900 and are between 1,426 and 2,312 square feet Developer: Intracorp Interior […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-06-2017
    Real Estate Related

  7. Risky mortgages, shadow bankers threaten Vancouver housing market’s stability

    Vancouver?s hot real estate market is plagued with another concern that shows similar characteristics to the fraudulent loans exposed in the U.S. in 2008, writes Sam Cooper Sam CooperThe Vancouver Sun Massive and risky home loans are increasing in number across Metro Vancouver, while mortgage fraud cases are also on the rise, connected to the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-06-2017
    Real Estate Related

  8. Homes sales decline ?sharply? in May

    Justin da RosaREP The Canadian Real Estate Board releases latest round of housing market stats. National home sales dropped 6.2% month-over-month from April to May, according to CREA. That represents the largest sales decline since August 2012. The most drastic sales decline occurred in the Greater Toronto Area, where the market experienced a 25.3% month-over-month […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2017
    Real Estate Related

  9. Home sales across Canada register biggest monthly decline in nearly 5 years

    The Vancouver Sun OTTAWA — Home sales across the country dropped sharply last month, driven by a plunge in the Greater Toronto Area (GTA) after the Ontario government imposed a tax on foreign buyers aimed at cooling the red-hot market. The number of residential properties sold nationwide fell by 6.2 per cent in May compared […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2017
    Real Estate Related

  10. Soho 16330 24th Avenue Surrey 170 two, three and four bedroom townhomes by Zenterra Developments

    Soho adds some style to south Surrey Mary Frances Hill The Province Soho Where:  24 Avenue and 163 Street, South Surrey What: A three-storey development of 170 homes with large rooftop patios. Located within easy reach of three shopping centres. Residence sizes and prices: Two-, three- and four- bedroom homes ranging from 1,477 to 2,034 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-06-2017
    Real Estate Related

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