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  1. Subprime lending – as well as the risk that comes with it – is growing in Canada?s hottest real-estate markets

    Distress Sale: Borrowers Sinking Jen St. Denisother With its slightly kitschy but homey pine-panelled interior, stunning view of the ocean and backyard swimming pool, it’s easy to imagine a family living in the four-bedroom home on Russet Way in West Vancouver. But today the house is empty, a court notice affixed to the door, the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-11-2018
    Real Estate Related

  2. Province tackles housing crisis in 42 communities

    4,900 new units to be built over three years for renters from a range of income Amy SmartThe Province The B.C. government is funding 4,900 new affordable rental units to be built in the next three years as part of its efforts to tackle a housing crisis across the province. The units will include both […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-11-2018
    Real Estate Related

  3. Balanced Conditions Prevail in BC Housing Market

    Balanced conditions remain for BC markets BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in October, down 26.2 per cent from the same month last year. The average MLS® residential price in BC was $690,161, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-11-2018
    Real Estate Related

  4. Another Canadian city contemplates foreign buyer tax

    Montreal?s renters might suffer from a foreign buyer?s tax Neil SharmaCanadian Real Estate Wealth These days, Montreal is riding high—the city`s economy is surging and so is its real estate market—but that’s inevitably attracted interest from foreign buyers whom the mayor fears is driving unaffordability. Valerie Plante, elected mayor last year, wants to follow Vancouver […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-11-2018
    Real Estate Related

  5. Metro Vancouver’s industrial supply is lagging demand

    There is a high demand for industrial units in Metro Vancouver Steve RandallCanadian Real Estate Wealth High demand for industrial units in Metro Vancouver is outpacing new supply and driving rental rates higher. With an ongoing record low vacancy rate of less than 2%, even a 5% growth in inventory (more than 9.2 million square […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-11-2018
    Real Estate Related

  6. Downtown Vancouver has highest average price per square foot

    Vancouver No. 1 in most expensive area to buy a home Duffie OsentalCanadian Real Estate Wealth According to survey conducted by Century 21, Greater Vancouver comes up on top as Canada’s most expensive metropolitan area to buy a home. Vancouver has eight neighbourhoods in Canada’s top ten most expensive areas in price per square foot, […]

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

  7. Canadian Real Estate wealth’s Property Forecast issue will be out in December

    2019 forecast release in December Neil SharmaCanadian Real Estate Wealth Canadian Real Estate Wealth’s Property Forecast issue will be out in December, and after this year’s real estate market turbulence, readers will breathe easier next year. The theme that will likely carry through the year is cautious optimism, as market fundamentals throughout the country will […]

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

  8. B.C. sets up new condo registry

    Pre-sale agreements must be registered Duffie Osental Mortgage Broker News British Columbia is tackling tax evasion in condominium sales by setting up a registry that tracks a project’s pre-sales transactions and ownership history. According to a Bloomberg report, the information collected by the new online database, which will include the terms of such transactions and […]

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

  9. Tsawwassen Landing 4738 Hemlock Way 30 townhomes in phase one from 1,325 to 1,530 square feet by Onni Group

    Three-bedroom townhomes launch onni group?s master-planned tsawwassen landing community Simon Briault The Vancouver Sun Tsawwassen Landing Project location: 4738 Hemlock Way, Tsawwassen Project size and pricing: the 30 first-phase townhomes at Tsawwassen Landing start at $669,900 and top out at $785,900. They range in size from 1,325 to 1,530 square feet Developer: Onni Group Architect: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2018
    Real Estate Related

  10. BCREA is forecasting a better year ahead for BC sales

    Sales forecast to rise 12% in 2019, says BCREA Steve RandallCanadian Real Estate Wealth Home sales in British Columbia have been subdued during 2018 and are expected to end the year 23% lower than 2017 with 80,000. The figures from the British Columbia Real Estate Board (BCREA) reflect the tough year the province’s housing markets […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-11-2018
    Real Estate Related

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