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  1. Interest rate hikes are stoking Canadians’ fiscal fears

    Consumer Debt Index reported 1/3 of Canadians fear bankrupcy Ephraim VecinaREP The latest Consumer Debt Index by insolvency practice MNP LTD reported that 1/3 of Canadians are concerned that rising rates could push them towards bankruptcy. Over half (52%) of the study’s respondents also said that rate hikes will affect their ability to service their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-10-2018
    Real Estate Related

  2. Homebuilder, bank stocks plunge again

    Home stocks drop due to weakening real estate market Bloomberg Investors hoping for a respite in the pummeling of two of the stock market’s weakest sectors instead were treated to more pain. Financial stocks in the S&P 500 dropped 2.1 percent to a one-year low while homebuilders had their 12th decline in 14 days. Bearing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-10-2018
    Real Estate Related

  3. Toronto’s multi-residential segment sees record-high sales

    Multi-residential buildings sales fueled by high rents Ephraim VecinaCanadian Real Estate Wealth Multi-residential apartment buildings in Toronto yielded a record-breaking $1.2 billion in investments during the third quarter of 2018, according to the latest report from commercial real estate firm Avison Young Canada. Bill Argeropoulos, principal and practice leader of Canada research at Avison Young, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-10-2018
    Real Estate Related

  4. Toronto real estate slated for another boom

    Tech industry in Toronto about to explode Neil SharmaREP Thanks to the city’s thriving technology sector, Ron Sally believes real estate—and condos in particular—are going to be the hottest commodity in town. “Our tech industry in Toronto is about to explode,” said broker of record and owner of REMAX Millennium Real Estate. “It’s been slowly […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-10-2018
    Real Estate Related

  5. Would-be home buyers primarily use the internet for these purposes

    Mortgage info gathered online by buyers Ephraim VecinaMortgage Broker News The internet has clearly emerged as a preferred avenue of mortgage information among Canadian would-be home buyers, according to the CMHC’s wide-ranging annual Mortgage Consumer Survey. In fact, only around 1/4 of those surveyed conducted their research solely offline. Most Canadians now use devices such […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2018
    Real Estate Related

  6. Zillow to feature more than 50,000 Canadian listings

    Canadian listings on Zillow now live Ephraim VecinaMortgage Broker News Last week, U.S.-based online real estate marketplace Zillow announced that thousands of Canadian for-sale listings have finally gone live on its mobile app and website. Zillow’s data-sharing deals with multiple Canadian real estate firms represent more than 50,000 listings, and these will be rolled out […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2018
    Real Estate Related

  7. Take pride in owning Realtor.ca

    Realtor.ca the No.1 real estate website in Canada Barb SukkauREM You take pride in the things you own. Look no further than your house; you want people to be impressed the minute they walk in the front door. After all, you worked hard to get it and you work even harder at maintaining it. Well, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2018
    Real Estate Related

  8. Interest rate rise “a done deal” but impact is showing says TD

    TD forecasts slower pace in home activity Steve RandallCanadian Real Estate Wealth There is little dispute among economists that the Bank of Canada will increase interest rates again this week. Wednesday’s hike will be accompanied by explanation as to why this is necessary in the context of better-than-expected economic growth in the third quarter and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2018
    Real Estate Related

  9. Whittled down spec tax no longer worth it, says advisor

    BC?s speculation and vacancy tax another cash grab Neil SharmaREP British Columbia’s speculation and vacancy tax has become so whittled down that an advisor on the original proposal believes it no longer serves a purpose. “The original proposal called for municipalities to decide if they wanted to enact it or not, but there was no […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2018
    Real Estate Related

  10. Victoria sur le Parc estimated completiong 2023 will have 57 levels with 400 condos by Broccolini Development

    Montreal to build landmark condo tower in downtown core, with no foreign buyers? tax Ursula LeonowiczThe Vancouver Sun Starting at the bottom with its historic facade and 10-storey podium on St-Jacques Street and ending at the very top, 200 metres high in the air, Victoria sur le Parc is like nothing Montreal has ever seen, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-10-2018
    Real Estate Related

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