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  1. The Conference Board of Canada predicted that housing starts will decline by 2.9% in 2018

    New housing construction to contract this year – report Ephraim VecinaMortgage Broker News In a new report released earlier this week, The Conference Board of Canada predicted that housing starts will decline by 2.9% in 2018, a development that will be spurred by considerable drops of 4.3% in Toronto and 6.5% in Vancouver. The report […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2018
    Real Estate Related

  2. Canada’s housing affordability improved except in Vancouver

    Housing affordability improves for first time in 2 years Steve RandallCanadian Real Estate Wealth There was an improvement in Canada’s housing affordability measure at the end of 2017. It was the first time in two years that RBC Economics Research’s Housing Trends and Affordability Report has shown a decrease in its aggregate measure, albeit just […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2018
    Real Estate Related

  3. RBC’s dire warning to Alberta deconstructed

    Albertans carry the heaviest debt loads Neil SharmaMortgage Broker News In light of RBC reporting claiming Alberta will be hit hardest by rising interest rates, not everybody believes the sky will fall. “Our research shows that Albertans would see the biggest increase in debt-service payments in Canada—more than $1,200 a year, on average—if interest rates […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2018
    Real Estate Related

  4. Metro Vancouver home sales down nearly 30 per cent in March

    March home sales slide in Toronto, Vancouver Tiffany CrawfordThe Vancouver Sun Home sales were down nearly 30 per cent in March in Metro Vancouver, as the region marked its lowest first-quarter sales volume in five years. The Real Estate Board of Greater Vancouver says home sales in the region totalled 2,517 in March 2018, a 29.7-per-cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2018
    Real Estate Related

  5. Lower Mainland condo prices soar but there are signs of softness at the top end

    Lower Mainland condo prices may soon hit a peak Joanne Lee-YoungThe Vancouver Sun Prices for condos are on a tear across the Lower Mainland but there are signs of an emerging peak at the top end of the market. The $1 million figure has earned a place in Vancouver real estate vernacular for being when […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2018
    Real Estate Related

  6. Stratas can’t ignore B.C. regulations

    Act applies to stratas throughout B.C. Tony GioventuThe Province Dear Tony: We purchased a Victoria condo in December and thought we did all of the right things. We requested copies of three years of minutes, the strata bylaws, an information certificate, copy of the strata insurance, and we read all of the documents, including the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2018
    Strata Information

  7. Landmark on Robson 237 suites in two high-rise towers at 1400 Robson Street by ASNA Robson Landmark Holdings

    Landmark on Robson towers designed with natural settings in mind Mary Frances HillThe Province Landmark on Robson What: At total of 237 suites in two concrete highrise towers of 34 and 32 storeys joined by a podium that houses the amenities, with views of Coal Harbour and English BayWhere: 1400 Robson Street Residence sizes and prices: One-bedroom and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-04-2018
    Real Estate Related

  8. Higher-priced house markets nailed by tax hike

    If the government plan was to gut sales in Metro Vancouver?s most expensive detached housing markets, it has been a spectacular success Frank O’BrienWestern Investor   A sustained attack on buyer demand in Vancouver’s detached housing market has decimated sales and is leading to “unbelievable” price reductions. If government plans were to crush sales in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-04-2018
    Real Estate Related

  9. Nanos Canadian Confidence Index continued to tumble in March

    Consumers reveal feelings about economy Theophilos ArgitisREP It’s been a dramatic reversal in sentiment for Canada’s consumers. The Bloomberg Nanos Canadian Confidence Index — a composite gauge based on survey questions — continued to tumble in March, dropping to the worst month-end reading in more than a year as households grow increasingly concerned about the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-04-2018
    Real Estate Related

  10. Detached home buyers need 53% down payment says DBRS

    Steve RandallCanadian Real Estate Wealth The still-rising prices of homes in many Canadian markets are making homeownership increasingly unaffordable and mortgages harder to secure. A report on the Canadian housing market in the fourth quarter of 2017 has been published by credit bureau DBRS and highlights the tough conditions facing first-time buyers in particular. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-04-2018
    Real Estate Related

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