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  1. Commercial-Broadway Safeway redevelopment drawings released

    Project renderings detail an ambitious multi-level public space in the vein of High Line Park in New York City Tanya Commisso Vancouver Courier Concept drawings for the Safeway site at East Broadway and Commercial Drive were revealed at an open house recently, unveiling plans for 649 condo units and more than 100,000 square feet of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2017
    Real Estate Related

  2. Toronto leads gain for new housing prices

    Steve RandallCanadian Real Estate Wealth Prices for Canada’s new housing were up 0.7% in May, driven by a 1.1% increase for Toronto. Statistics Canada says that the increase in Toronto was due to market conditions, a shortage of developed land and higher construction costs. Market conditions in other cities were also favourable and Vancouver saw […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2017
    Real Estate Related

  3. Banks waste no time in hiking rates

    Steve RandallCanadian Real Estate Wealth Canada’s banks have moved quickly to increase their base lending rates following the BoC’s decision Wednesday. RBC was the first of the Big Five to pass on the central bank’s 25 basis point rise to customers, increasing its rate from 2.70 per cent to 2.95 per cent. It was soon […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2017
    Real Estate Related

  4. Five things to know about the Bank of Canada’s interest rate hike

    Bank of Canada touts ?good news? rate hike Joanne Lee-YoungThe Vancouver Sun The Bank of Canada raised its benchmark interest rate for the first time in seven years on Wednesday, moving it 25 basis points from 0.5 per cent to 0.75 per cent. The country’s five largest banks all followed, hiking their prime rates from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2017
    Real Estate Related

  5. Bylaws not subjected to votes can’t be filed

    Filed bylaws must be voted on Tony GioventuThe Province Dear Tony: Thank you for your column that acknowledged that a strata corporation is not permitted to alter bylaws that have been approved by the owners for the purpose of filing in the Land Title Registry.  We are a new strata council and were given a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2017
    Strata Information

  6. Belpark 375 West 59th Avenue 120 homes in three buildings by Intracorp

    Belpark condos high on functionality Mary Frances HillThe Province Belpark What: A 120-home development of three buildings just east of Cambie Street on West 59th Avenue Where: 375 West 59th Ave., Vancouver Residence sizes and prices: Two-to-four-bedroom homes, 1,212 and 2,312 square feet, starting at $1,899,900 Builder and developer: Intracorp Sales centre address: 660 West 41st Ave (Oakridge Mall) […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2017
    Real Estate Related

  7. Three big banks raise prime lending rates following rate hike from Bank of Canada

    Canadian Real Estate Wealth Three of Canada’s biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank. Royal Bank of Canada (TSX:RY), the Bank of Montreal (TSX:BMO) and TD Bank (TSX:TD) all announced Wednesday they are increasing their prime rates to 2.95 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2017
    Real Estate Related

  8. BoC interest rate revealed

    Justin da RosaCanadian Real Estate Wealth The Central Bank raised its new target for the overnight rate to ¾% Wednesday, citing a confident financial outlook and above-potential growth. This despite softened inflation, which the bank judges to be temporary. “Governing Council judges that the current outlook warrants today’s withdrawal of some of the monetary policy […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2017
    Real Estate Related

  9. Stress tests are driving some to riskier lending says MPC

    Steve RandallCanadian Real Estate Wealth The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options. That’s the warning from Mortgage Professionals Canada which says that while the stress tests are a good idea they are based on a 4.64 per cent rate, far higher than […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2017
    Real Estate Related

  10. CMHC says annual pace of housing starts picked up in June

    Canadian Real Estate Wealth Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June. The seasonally adjusted annual rate of housing starts in June came in at 212,695 units, up from 194,955 units in May. Economists had expected tha annual rate to come in at 200,000, according […]

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

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