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  1. Vancouver real estate – Supply of homes for sale hits three-year high

    Supply of homes for sale hits three-year high The Province The supply of homes in Metro Vancouver’s real estate market hit a three-year high as sales dipped below historical averages last month. The Real Estate Board of Greater Vancouver reports there were 2,425 home sales last month, a 37.7 per cent decline from June 2017. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2018
    Real Estate Related

  2. Housing affordability reaches crisis level in Vancouver, says RBC report

    About 87 per cent of income needed to cover expenses in Vancouver, setting new high: Report Ross MarowitsThe Province Housing affordability in Greater Vancouver reached a “crisis level” in the first quarter, with additional interest rate hikes expected to take another bite out of Canadian housing affordability in the months to come, according to a Royal Bank report. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2018
    Real Estate Related

  3. Engel & V?lkers reveals Chinese buyers? checklists

    Feng shui important for Chinese buyers Neil SharmaCanadian Real Estate Wealth Predominantly Chinese foreign buyers have stringent checklists for Canadian properties, whether they intend to live in them or not. “Feng shui is tied into it,” said Jennifer Chan, a broker with Engel & Völkers Toronto Central. “You can say it’s superstition, but it’s not; […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2018
    Real Estate Related

  4. Don’t delay when pests invade

    Infestations best handled by strata corporation Tony Gioventu Times Colonist Dear Tony: We are a small 18-unit low-rise building in the Greater Victoria area. Two owners have reported they have chronic problems with mice in their units. One owner is accusing the other of hoarding and causing the mouse problem and the other owner is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2018
    Strata Information

  5. British real estate disruptor heads to Canada

    Purple Bricks has agreed to acquire a commission-free network Steve RandallMortgage Broker News A real estate brokerage firm which has already launched in the UK, Australia and the US, is coming to Canada. Purple Bricks has agreed to acquire the commission-free networks DuProprio and Comfree (DPCF) for C$51 million with the deal expected to close […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2018
    Real Estate Related

  6. Real estate linked to B.C. opioid crisis

    Laundered money from illegal drugs used to bye real estate Mortgage Broker News Money-laundering operations through casinos are tied to British Columbia’s opioid crisis and the real-estate market, the attorney general said Wednesday as he released an independent report detailing how organized crime groups used the gaming industry to fuel the overdose crisis and skyrocketing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2018
    Real Estate Related

  7. Rate hike likely this month but then a pause?

    Higher mortgage rates coming Steve RandallCanadian Real Estate Wealth The Bank of Canada will meet to decide on its latest move on interest rates next week and many are expecting an increase. But once July’s hike is done, things become less clear as the economy is showing some mixed signals. Two economists from Canada’s big […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-07-2018
    Real Estate Related

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