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  1. Private lending becomes new normal

    Private lenders double their share of mortgages Neil SharmaMortgage Broker News Private lenders have doubled their share of Canadian mortgages since 2015. A Better Dwelling report revealed that private lenders originated over $2bln last year and currently have about 7.87% of the national mortgage market. In fact, the private channel has enjoyed six straight quarters […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-06-2018
    Real Estate Related

  2. IMF warns of multiple risks to Canadian real estate prices

    The International Monetary Fund sends warning Ephraim VecinaMortgage Broker News While the Canadian real estate market remains vigorous in large part due to robust market activity (especially in the higher-end segments), the International Monetary Fund has warned of potential headwinds that could affect housing values – and might even trigger a domino effect that would […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-06-2018
    Real Estate Related

  3. American firm could alleviate turbulence in Canadian real estate market

    Zillow partnering with Century 21 Neil SharmaREP Zillow, the American real estate database giant, is finally coming to Canada. Long rumoured but with sparse details, Zillow’s entry into the Canadian market will come by way of Century 21, which will have its listings featured prominently to Americans. Marcel Greaux, managing partner at Garrison Hill Developments, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2018
    Real Estate Related

  4. Housing starts decline as urban multi-family spike ends

    CMHC reports housing starts down in May Steve RandallCanadian Real Estate Wealth Canadian housing starts declined in May as overall multi-family construction in urban areas weakened. CMHC’s 6-month moving average shows 216,362 starts in May compared to 225,481 in April. “In May, the national trend in housing starts declined following several months of stability,” said […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2018
    Real Estate Related

  5. Courtenay 3101 Burfield Place West Vancouver 39 homes in a 7 storey building by British Pacific Properties

    Spectacular outlooks will be on offer at British Pacific Properties? Courtenay in West Vancouver Kathleen Freimond The Vancouver Sun Project: Courtenay Project address: 3101 Burfield Place Project city: West Vancouver Developer: British Pacific Properties Architect: Ramsay Worden Architects Interior designer: Insight Design Group Project size: 39 residences Bedrooms: one-bedroom; two-bedroom; two-bedroom and flex; three-bedroom; three-bedroom and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-06-2018
    Real Estate Related

  6. Affordability remains an ever-distant dream for Vancouver’s would-be buyers

    Sales volume below 10 year average Ephraim VecinaCanadian Real Estate Wealth The latest numbers from the Real Estate Board of Greater Vancouver showed that sales volume now stood considerably below the 10-year average – but those who are anticipating a subsequent increase in the availability of affordable homes in the market are bound to be […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-06-2018
    Real Estate Related

  7. Stratas required to have a form of rental inventory

    Rental numbers on buildings are available Tony Gioventu The Province Dear Tony:  We are looking to purchase a unit in Vancouver. Several of the buildings constructed since 2010 prohibit rental bylaws, but when we requested a count on the number of rentals, we were told by both the strata councils and the property manager there […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-06-2018
    Strata Information

  8. 1555 West Eighth the 20 three bedroom homes are at 1555 West 8th Avenue Vancouver by Kenstone Properties

    Display space at 1555 West Eighth uses colourful artwork and bright fabrics to give the look of a well-loved home Mary Frances Hill The Province 1555 West Eighth, Vancouver Project Address: 1555 West 8th Ave., Vancouver. Fifteen of the 20 completed homes in two concrete buildings of four and eight storeys were pre-sold with the remaining five […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-06-2018
    Real Estate Related

  9. Royal LePage forecasts vacation property prices

    By October recreational homes in BC expected to drop 2.8 per cent Canadian Real Estate Wealth British Columbia’s new speculation tax on out-of-province buyers will likely convince a wave of owners to sell their vacation properties, pushing down home prices, said a forecast from Royal LePage. By the end of September, the real estate company […]

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

  10. Bank of Canada identifies key risks to financial system

    Consumer indebtedness a concern for BoC Craig WongCanadian Real Estate Wealth OTTAWA _ Canada’s housing market and high levels of consumer indebtedness remain the top vulnerabilities for the financial system, but both have shown signs of easing, according to the Bank of Canada. The central bank said in a report Thursday that worries about the […]

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

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