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  1. Toronto home sales see above average 12% monthly jump in October, board says

    Canadian Real Estate Wealth Toronto area home sales rebounded by 12 per cent from September to October, pointing to a stronger fall market after a policy-driven pullback from a frenzied market that peaked earlier this year. The Toronto Real Estate Board said Thursday that 7,118 homes were sold in October, up from the month before […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-11-2017
    Real Estate Related

  2. Metro Vancouver home sales involving foreign buyers increased in September

    Foreign buyers doubled share of Vancouver home deals Steve RandallCanadian Real Estate Wealth The number of home sales in Metro Vancouver which involved foreign buyers increased in the 6 months to the end of September. Data from the BC Ministry of Finance shows 6,105 property transfers in September with 5% involving foreign nationals, up from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-10-2017
    Real Estate Related

  3. Victoria Home Sales See “Controlled Levelling-Off”

    Benchmark prices remain robust as market cooldown slows, ‘illustrating stability,’ says board Joannah ConnollyREW Victoria homes sales continued to fall year-over-year in October, but at a slower rate of decline, indicating the market cooldown may be levelling off. There were 664 real estate sales in Greater Victoria in October, of which 633 were residential properties, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-10-2017
    Real Estate Related

  4. New tree takes root at top of West End Eugenia Place tower

    Crane lifts two-year-old pin oak to roof terrace of Eugenia Place, restoring a neighbourhood landmark Jan Zeschky Vancouver Courier The rumours that Leonard Nimoy once lived at Eugenia Place will forever be a part of Vancouver folklore. The claim that the Star Trek actor once occupied the penthouse of the distinctive West End tower with […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-10-2017
    Real Estate Related

  5. Canadian housing sector exhibiting overvaluation and price acceleration – CMHC

    Ephraim VecinaREP In its latest study, the Canada Mortgage and Housing Corp. reported that the nation’s housing markets remain “highly vulnerable” with evidence of moderate overvaluation and price acceleration. The Toronto, Hamilton, Vancouver, Victoria, and Saskatoon markets are also highly vulnerable, the national housing agency said in its quarterly housing market assessment released late last […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-10-2017
    Real Estate Related

  6. HBC to close $200m mortgage, consider sale of Vancouver flagship

    Steve RandallCanadian Real Estate Wealth Hudson’s Bay Co (HBC) is considering the sale of its flagship Vancouver store at 674 Granville Street. The company said Monday that its joint venture with RioCan Real Estate Investment Trust has appointed CBRE and Brookfield Financial Real Estate Group to investigate a potential sale. “We are exploring a sale […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-10-2017
    Real Estate Related

  7. Will OSFI regulations really strip consumers of choice with mortgage stress test?

    Neil Sharma Mortgage Broker News The Office of the Superintendent of Financial Institutions has been repeatedly excoriated by mortgage industry veterans for its intervention, but not everybody believes the lending regulations will spell doom and gloom. On the one hand, alternative lenders and mortgage investment corporations will see business surge, but on the other hand, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-10-2017
    Real Estate Related

  8. City of Vancouver reveals preliminary design plans for Arbutus Corridor Streetcar

    Kenneth Chan other The public now has a first glimpse of what the Arbutus Greenway and its future streetcar line could look like. Over the weekend, the City of Vancouver held a three-day long ‘Design Jam’ with 100 participants on the future of the Arbutus Corridor. As part of this public consultation process, the municipal […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-10-2017
    Real Estate Related

  9. New home sales down 48% in the GTA last month

    New home sales halved in the GTA last month Steve RandallREP Sales of new homes were down 48% in the Greater Toronto Area compared to a year earlier as low- and high- rise sectors saw large declines. High-rise sales fell 37% to 1,749, 3% below the 10-year average; and low-rise sales of just 352 was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-10-2017
    Real Estate Related

  10. The Canadian Mortgage and Housing report says affordability at heart of issues

    CMHC releases market outlook Neil SharmaREP The Canadian Mortgage and Housing Corporation released its Housing Market Outlook report, and affordability remains at the heart of issues plaguing Canada’s largest city. However, price growth is expected to moderate. Although Canada’s economy is expected to remain healthy, GDP growth by 2019 is expected to slow down. CMHC […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-10-2017
    Real Estate Related

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