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  1. The tax hassles of owning and selling a cottage or second home

    The biggest tax problem associated with a vacation property is the potential for capital gains tax upon either the sale, or gift of the property, or the death of the owner JAMIE GOLOMBEKThe Vancouver Sun As summer winds down, and families prepare to congregate for one final long weekend at the cottage before the school […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-08-2017
    Real Estate Related

  2. Fight over nine-inch railings nails strata owners with big bill

    Prolonged dispute starting with $30,000 in renos ballooned into $200,000 in costs Ian MulgrewThe Vancouver Sun A strata dispute over about $30,000 in rooftop renovations has dragged through the courts and morphed into a bitter debate over $200,000 in legal and other costs. The neighbour-versus-neighbour battle exemplifies why such squabbles were moved out of the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-08-2017
    Real Estate Related

  3. Stratas tax exempt when not generating profits

    Exterior revenue sources may be taxable Tony GioventuThe Province Dear Tony: Do strata corporations pay income tax? Our strata negotiated an agreement with a communications provider to lease our rooftop for $50,000 a year, plus 25 per cent of any sublease agreements it negotiates. We are in year three of a 10-year agreement, and just […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-08-2017
    Strata Information

  4. Etoile 5345 Goring Street Burnaby 398 homes in two towers with 4 units per floor by Millennium Development Group

    Etoile to shine on Burnaby?s skyline Mary Frances HillThe Province It’s no wonder residential corner units are so coveted among homebuyers, considering all their possibilities. When only one wall is shared with a neighbour, two walls carry the potential for large windows, more natural light and great views. An entire building of corner units sounds […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-08-2017
    Real Estate Related

  5. Millennials to heavily impact real estate

    Canadian Real Estate Wealth Gen-Y is a massive cohort that is overwhelming interested in breaking into the real estate market – but will affordably challenges and impactful mortgage rules allow them to? “Facing challenges their baby-boomer parents never encountered, peak millennials are confronted with significant obstacles that vary depending on where they live,” Phil Soper, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2017
    Real Estate Related

  6. Vancouver Rents Soar in a Single Year, Topping Nation

    Joannah Connolly REW If ever there was a good reason to try to get into home ownership, the latest rental price data from PadMapper is surely it. Vancouver’s rents have soared in the past year, from high to astronomical, with one-bedroom units now going for an average rent of $1,990, according to the rental website’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-08-2017
    Real Estate Related

  7. Amount of Vancouver office space expected to become dire

    Office space demand in city may become dire Sam Cooper The Province Unprecedented demand for office space in Vancouver is expected to drive commercial real estate vacancies to the lowest rates ever, a new report says. The report from professional services firm JLL says a tight Vancouver commercial real estate market will be driven by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-08-2017
    Real Estate Related

  8. Real estate bonds the newest option in real estate investing

    Joe RosengartenCanadian Real Estate Wealth Don’t be concerned if you haven’t heard about real estate bonds yet, not many investors have. But as Canadian investors look for alternative ways to generate income, growth and maximize their tax savings on their investments, secured real estate bonds are destined to take off. Real estate bonds are different […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-08-2017
    Real Estate Related

  9. Summer Housing Market Continues to Sizzle

    BCREA Download Document

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2017
    Real Estate Related

  10. Mortgage rates are going up, according to a panel of experts

    Mortgage rate outlook REP Two of RateSupermarket.ca’s three expert panellists believe fixed mortgage rates will increase in the next 30-45 days. “Mortgage interest rates have increased, but not by as much as bond yields, so there is some room for fixed rate mortgage costs to increase, by as much as a quarter point from current […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-08-2017
    Real Estate Related

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