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  1. In Sweden, cash is almost extinct and people implant microchips in their hands to pay for things

    Cash in Sweden is being squeezed out quickly Liz Aldermanother Few countries have been moving toward a cashless society as fast as Sweden. But cash is being squeezed out so quickly — with half the nation’s retailers predicting they will stop accepting bills before 2025 — that the government is recalculating the societal costs of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-11-2018
    Other News Articles

  2. 12,000 BC rental homes could be stifled by regulation

    BC government may introduce rent controls Steve RandallCanadian Real Estate Wealth The introduction of new regulations in British Columbia could lead to a delay or cancellation of thousands of new rental homes. A total of 19,972 homes are currently in development across the province but two thirds – 12,000 – could be at risk if […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-11-2018
    Real Estate Related

  3. Landlords may allow tenants to run for council

    Owners may assign a tenant to council Tony Gioventu The Province Dear Tony: Is a tenant permitted to be elected to strata council? Our strata corporation has struggled to elect the minimum number of council members and at our AGM in October, two tenants came forward and offered to be elected to council. They provided written […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-11-2018
    Strata Information

  4. Belle Isle 88 stacked townhomes at 2060 Curling Road North Vancouver by Citimark

    Walkability key to the appeal of Belle Isle Simon Briault The Province Belle Isle What: 88 homes with one, two or three bedrooms; there are also three-bedroom plus den options available Where: : 2060 Curling Road, North Vancouver Residence size and prices: 534 — 2,182 square feet; $533,000 — $1,988,000 Developer: Citimark Sales centre: 101 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-11-2018
    Real Estate Related

  5. Notable weakness observed in Western Canada – CREA

    Western Canada experienced most declines in housing demand Ephraim VecinaMortgage Broker News Western Canada experienced the most notable declines in housing demand last month, according to new data from the Canadian Real Estate Association. The CREA’s October measurement of the nationwide sales-to-new-listings ratio, which illustrates demand by quantifying absorption during the same month, showed that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-11-2018
    Real Estate Related

  6. B.C.’s anti-laundering drive goes online

    Concerned citizens can report illegal laundering Ephraim VecinaMortgage Broker News As the latest step in its anti-money laundering initiative, the B.C. government has launched an anonymous tip platform available to concerned citizens who want to report on illegal funds funnelled through the province’s real estate, horse racing, and luxury car segments. Intended to collect on-the-ground […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-11-2018
    Real Estate Related

  7. B.C. gov’t has yet to make good on affordability commitments

    Home prices have gone down but affordability still an issue Ephraim VecinaCanadian Real Estate Wealth While B.C.’s home prices have shown signs of going down in recent months, a market observer has argued that firmer action from the government is still needed to fully address the city’s affordability crunch. Andy Yan, the director of the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-11-2018
    Real Estate Related

  8. Inventory glut and government intervention slow Vancouver

    Vancouver rentals below 1% Neil SharmaCanadian Real Estate Wealth Vancouver’s multifamily housing sector is experiencing a glut of inventory, but with low yields and high buy-ins, investors have taken a step back. A report from Marcus & Millichap showed the average cap rate compressed 40 basis points over the last year to 2-4%, but investors […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-11-2018
    Real Estate Related

  9. Commercial, multifamily originations pull back amid higher rates

    Borrowing and lending decrease 3% in Q3 Francis Monfortother Commercial and multifamily originations slowed during the third quarter on year-over-year and quarter-over-quarter bases amid a pullback in lending activity across most property types, according to the Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations released by the Mortgage Bankers Association (MBA). “Borrowing and lending backed by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-11-2018
    Real Estate Related

  10. BC makes it easier to report real estate money laundering

    B.C.’s anti-laundering drive goes online Steve RandallREP The war against those who use British Columbia’s real estate industry to launder illegally-gained funds has a new weapon. The province’s attorney general has announced an anonymous online portal to enable those with knowledge of money laundering operations to tip off the authorities. “British Columbians want their government […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-11-2018
    Real Estate Related

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