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  1. Interest rate hikes cost average Canadian household $2,500

    BoC interest rate hikes causing concern Steve RandallCanadian Real Estate Wealth Recent interest rate hikes by the Bank of Canada have increased costs for Canadian households but they may not feel the full impact for some time. According to a blog post by Environics Analytics, the average cost of the hikes so far to average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-10-2018
    Real Estate Related

  2. Realty One Group enters Canadian real estate market

    Edmonton first for Realty One Group Mario ToneguzziREM Realty One Group, an established U.S. real estate brand, is aiming to expand aggressively across Western Canada. Shami Sandhu, formerly broker at Re/Max River City in Edmonton, has secured the rights to Realty One Group of Western Canada and plans to expand the brand to as many […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-10-2018
    Real Estate Related

  3. Flippers might not be the problem in Toronto and Vancouver

    Vancouver flippers play only a small part in home sales Ephraim VecinaCanadian Real Estate Wealth Often blamed for overheating in major markets, flippers actually represented only a minor proportion of home transactions in Toronto and Vancouver, according to a Bloomberg analysis that looked at Teranet Inc.’s land and housing registry. In Toronto, flipped condos represented […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-10-2018
    Real Estate Related

  4. These two demographics are impelling luxury condo sales

    Local buyers are driving demand for luxury condos going into 2019 Ephraim VecinaREP Two major demographics are mainly responsible for the current strength of the Canadian luxury condo sector, according to the 2018 RE/MAX Spotlight on Luxury Report. “Many Canadian Baby Boomers saw the strength of the real estate market over the past two years […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-10-2018
    Real Estate Related

  5. Ovation 813 Carnarvon Street New Westminster 204 homes in a 32 storey tower by Domus Homes

    Domus Homes: Ovation to rise 32 storeys and offer spectacular rooftop views Kathleen FreimondThe Vancouver Sun Ovation is a project in development from Domus Homes in New Westminster that will feature a luxurious common area on the 32nd floor for all tenants to enjoy. The Ovation, a 32-storey development in New Westminster, is designed to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-10-2018
    Real Estate Related

  6. New Consumer Protection Rules: Agency and Disclosure

    Professional Standards Manual other 2. Acting For Sellers (k) Advertising Requirements – View Entire Section (VI) Internet/Social Media Advertising One of the primary purposes of the Council’s advertising rules is to ensure that consumers accessing a licensee’s advertising are aware that they are dealing with a real estate licensee and know the name of the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2018
    Real Estate Related

  7. Overvaluation is easing but vulnerability remains says CMHC

    CMHC report shows a return to a stable market Steve RandallCanadian Real Estate Wealth Conditions of overvaluation are easing nationwide and there is improvement in the vulnerability of the hottest markets. CMHC has published its latest Housing Market Assessment and says that even in four markets where overvaluation is detected – Vancouver, Toronto, Victoria, and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2018
    Real Estate Related

  8. Housing market ‘vulnerable,’ despite slowing sales: CMHC

    Prices easing but Canada’s housing market still ‘highly vulnerable’: CMHC Joanne Lee-Young The Vancouver Sun Home sales and prices are coming down in Vancouver, but it is still an overheated market, according to a Canada Mortgage and Housing Corporation’s latest look at stability in real estate markets across the country. “Metro Vancouver’s housing market remains […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2018
    Real Estate Related

  9. Don’t get overwhelmed by lead generation technology

    Lead generation amounts to 10% of your business David GreenspanREM The roller coaster of marketing ideas continues to take over the real estate industry. As we search for new ways to get business, it seems that the easy answer is to spend money on a technology-based tool – such as a new website, social media, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-10-2018
    Real Estate Related

  10. Interest rate announcement left out an important word

    BoC to introduce another 3 rate hikes of 25 basis points Steve RandallCanadian Real Estate Wealth The Bank of Canada’s decision to increase interest rates to 1.75% Wednesday was not a surprise to many, but an omitted word is perhaps more so. Dr Sherry Cooper, chief economist of Dominion Lending Centres says it was interesting […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-10-2018
    Real Estate Related

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