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  1. Condominium market still ‘a lot better’ than normal in Vancouver suburbs

    The Fraser Valley, east of Metro Vancouver, has long been considered a more affordable haven for first-time homebuyers Laura KaneCanadian Real Estate Wealth A tempting bright-red advertisement for a new condo development in a Vancouver suburb circulated online this fall, sparking excitement from first-time homebuyers and concern among long-standing real estate observers. The developers of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-12-2018
    Real Estate Related

  2. Tax evaders now risk property seizure

    CRA can freeze assets of tax evaders including property Duffie OsentalCanadian Real Estate Wealth If you want to keep your real estate assets, you better think twice about dodging your taxes. The Canadian Revenue Agency (CRA) recently started freezing assets of tax evaders – and yes, that includes property. According to CBC News, CRA has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-12-2018
    Real Estate Related

  3. Builders are planning to increase housing supply

    Stats Canada shows a 4% increase in housing permits Steve RandallREP The value of residential building permits issued by Canadian municipalities in October was up 4.2% to $5.2 billion. The increase, reported by Statistics Canada, shows that the number of units for which permits were issued was up by a similar share (4.1%) to 20,017. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-12-2018
    Real Estate Related

  4. Montreal to be the star market for 2019 says Royal LePage

    Royal Lepage says market will continue to ease Steve RandallREP Following several years of rising prices – sharply rising in some cases – home price growth will continue to ease in 2019 according to a new report from Royal LePage. “Markets aren’t perfect. They overshoot and then they must correct,” said Phil Soper, President and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-12-2018
    Real Estate Related

  5. 13 and 4: Real estate’s unlucky numbers and what some cities are doing about it

    Buildings eliminate floors with unlucky numbers Linda Nguyen Mortgage Broker News It’s an open secret among real estate agents that in certain communities, condo units on the fourth floor can take longer to sell. “When I was younger, I didn’t believe any of these things. I thought it was just BS,” said Tina Mak, a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-12-2018
    Real Estate Related

  6. Court 2814 Gladwin Road Abbotsford 153 homes in two 6 storey buildings by Heinrichs Developments

    Court takes an amenity-rich Abbotsford location Simon Briault The Vancouver Sun Court Project location: 2814 Gladwin Road Project size: 153 homes ranging in size from approximately 600 to 1,750 square feet. There are studios, one- and two-bedroom homes and larger units with two bedrooms plus flex spaces. Prices start at $299,900 for one-bedroom homes and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-12-2018
    Real Estate Related

  7. Fraser Valley sales in line with historic averages

    Fraser Valley sales down 41% from 2017 Steve RandallCanadian Real Estate Wealth Home sales slipped back in the Fraser Valley last month but were broadly in line with historic averages for the time of year. A total of 1,028 sales were recorded through the MLS system of the Fraser Valley Real Estate Board, including 383 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-12-2018
    Real Estate Related

  8. Any owner eligible for council

    The Strata Property Act permits those with written assignment of the owner Tony Gioventu The Province Dear Tony: We are a mid-sized condo building in Penticton having a tough time getting people to sit on council. We would like to permit family members to be elected to our council, but our council president said it […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-12-2018
    Strata Information

  9. Vancouver sales, prices decelerating due to various pressures

    Slow activity has gradually decelerated home sales Ephraim VecinaMortgage Broker News Slower overall activity has spurred the gradual deceleration of both home sales volume and prices in Vancouver, according to the region’s real estate association. November’s sales numbers were 42.5% lower on a year-over-year basis, and 34.7% below the 10-year average, data from the Real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-12-2018
    Real Estate Related

  10. Vancouver sales slump continued in November

    Metro Vancouver at a 10-year low Steve RandallREP November was another lean month for the Vancouver residential real estate market. Home sales totaled 1,606 across the Metro Vancouver area, down 18.2% from October and down 42.5% year-over-year. The total is 34.7% below the 10-year average for November. “Home buyers have been taking a wait-and-see approach […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-12-2018
    Real Estate Related

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