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  1. Flip rates in Vancouver, Toronto are much less than one would expect

    flippers accounted for only a minor fraction of residential sales Ephraim VecinaREP Government measures aimed at curbing housing speculation will fail to improve affordability in Vancouver and Toronto, according to a new Bloomberg analysis that culled data from Teranet Inc.’s land and housing registry. This is because flippers accounted for only a minor fraction of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-10-2018
    Real Estate Related

  2. Slower Toronto, Vancouver pull down national activity – CREA

    Vancouver sales experienced a 1.5% drop along with a 1.2% decrease in prices. Ephraim VecinaMortgage Broker News For the first time in nearly half a year, home sales activity across Canada declined, in large part due to the weaker performances of the Toronto and Vancouver markets. In its latest data release, the Canadian Real Estate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-10-2018
    Real Estate Related

  3. BCREA Welcomes Exemptions to Bill 45

    Province targets speculators and vacant homes, supports housing affordability BCREA The British Columbia Real Estate Association welcomes the Government of British Columbia’s inclusion of exemptions from the speculation and vacancy tax proposed as Bill 45 today, Tuesday, October 16, 2018. Some of the exemptions directly address concerns BCREA brought to the Province’s attention through its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-10-2018
    Real Estate Related

  4. Most landlords plan to ban cannabis use in rental units: Survey

    Ahead of legalization, most property owners believe cannabis use will decrease the value of their residential assets Tanya CommissoWestern Investor The majority of landlords polled in a new survey have responded negatively to cannabis use in rental units, going so far as to offer lower rent to tenants who agree to not smoking in units.  The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-10-2018
    Real Estate Related

  5. America’s largest home mortgage lender is coming to Canada

    Quicken Loans to open a new office in Canada Steve RandallCanadian Real Estate Wealth Quicken Loans, the largest home mortgage lender in the US, is to open a new office in Canada. The firm including its ‘Family of Companies’ is leasing more than 9,000 square feet of office space in the Old Fish Market Building […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-10-2018
    Real Estate Related

  6. B.C. government moves ahead with speculation tax on vacant homes

    Tax ranges from 0.5% on secondary homes left vacant by B.C. residents, to 2% on foreign-owned properties other B.C.’s finance minister has introduced legislation to move ahead with a controversial speculation tax on vacant or underutilized properties. The bill ends months of speculation about how the province planned to use the new levy to help […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-10-2018
    Real Estate Related

  7. B.C. government introduces legislation on speculation tax

    The legislation did not contain an opt-out clause requested by municipal governments, many of which are warning the tax will have the reverse effect and actually discourage development of new housing. Rob Shaw The Vancouver Sun Finance Minister Carole James introduced enabling legislation for the tax, eight months after it was first announced in February’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-10-2018
    Real Estate Related

  8. Tech giants driving hearty Vancouver activity

    The steady expansion of major tech companies main driver for commercial real estate Ephraim VecinaREP The steady expansion of major tech companies like Amazon and WeWork into Vancouver is a main driver of demand for the city’s commercial real estate, according to RE/MAX Western Canada regional executive vice president Elton Ash. These companies’ needs are […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2018
    Real Estate Related

  9. Beaufort Landing 5551 Admiral Way Ladner 124 three and four bedroom townhomes by Polygon Beaufort Landing Ltd

    Beaufort Landing the latest addition to Polygon?s ?seaside-inspired? Hampton Cove in Ladner Barbara Gunn The Vancouver Sun Beaufort Landing Project address: 5551 Admiral Way, Ladner Developer: Polygon Beaufort Landing Ltd. Architect: Ekistics Architecture Interior designer: Polygon Interior Design Ltd. Project size: 124 three- and four-bedroom executive townhomes; 36 four-bedroom homes have been released in the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2018
    Real Estate Related

  10. Vancouver residential inventory swells to 4-year high

    Metro Vancouver for sale properties growing Ephraim VecinaMortgage Broker News Metro Vancouver’s supply of residential properties for sale continued to inflate amid sustained noticeable weakness in demand, according to a new analysis by real estate portal VANCITYliving. Using September 2018 data from the Real Estate Board of Greater Vancouver, VANCITYliving noted that Metro Vancouver’s inventory […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-10-2018
    Real Estate Related

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