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  1. Is the impact of the stress test starting to fade?

    CREA says Toronto less affected by stress test Steve RandallCanadian Real Estate Wealth National home sales improved in July with a 1.9% rise in sales compared to the previous month. CREA says that although sales have been trending higher over the past three months now, they are still running below the levels seen a year […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-08-2018
    Real Estate Related

  2. Ask plenty of questions about new fee schedules

    Ask questions about new fee schedules Tony Gioventu The Province Dear Tony: Our property manager has recently sent to all its clients an addendum that they wanted signed. I believe this is of concern to all strata councils as it can cause an increase in fees and in the event of major construction, imposes much […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-08-2018
    Strata Information

  3. Park West at Lions Gate 1633 Capilano Road North Vancouver 258 one, two and three bedroom condos by Keltic Development

    North Vancouver condos designed to provide occupants with a sense of peace and privacy Mary Frances Hill The Vancouver Sun Park West at Lions Gate Where: Capilano Road and Marine Drive, North Vancouver What: 258 one-, two- and three-bedroom condominium homes in two concrete towers of 19 storeys and 23 storeys Residence sizes and prices: Ranging from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 16-08-2018
    Real Estate Related

  4. There were fewer new mortgages in 2017 CMHC data shows

    Mortgage with new lenders down in Vancouver Steve RandallREP There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. The corporation says that it looked at new mortgages originated for new owners, repeat buyers, refinances, multiple mortgage holders, and renewals with […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 14-08-2018
    Real Estate Related

  5. Mortgage regs are still punishing BC real estate

    Stress Test limiting first time buyers Steve RandallCanadian Real Estate Wealth Home sales in British Columbia were down 23.9% in July compared to a year earlier. Data from the British Columbia Real Estate Association shows that there were 7,055 sales through the MLS system and the average MLS price was down 0.4% to $695,990. Total […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-08-2018
    Real Estate Related

  6. Inside a REALTOR owned product that provides true efficiency

    Digital services that create true efficiency REP When The Canadian Real Estate Association (CREA) was designing the latest update to its CREA WEBForms®, it had one fundamental aim: to make life easier for its 120,000 members. CREA WEBForms® is a hub that allows members to connect all the aspects of their real estate transactions using […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-08-2018
    Real Estate Related

  7. Condo segment should brace for over a million boomers – report

    Boomers looking at buying homes Ephraim VecinaREP The newly released Royal LePage Boomer Trends Survey reported that approximately 1.4 million Canadian baby boomers (those born between 1946 and 1964) have indicated a desire to purchase a home within the next 5 years. “Don’t count them out yet – baby boomers will impact Canada’s housing market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-08-2018
    Real Estate Related

  8. Boomers slated to enter market en masse; here’s what they’ll buy

    Latest report suggests boomers flooding the market Neil SharmaREP A new report from Royal LePage suggests the real estate market is going to get crowded in about five years’ time. According to the The Royal LePage Boomer Trends Survey, 1.4 million baby boomers are expected to buy and sell homes in the next half-decade. However, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-08-2018
    Real Estate Related

  9. Summer Home Sales Slow to a Simmer

    MLS sales across BC fall BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per cent decrease from the same month last year. The average MLS® residential price in BC was $695,990, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-08-2018
    Real Estate Related

  10. People love Canada which could mean higher interest rates

    Housing demand from new Canadians could have an impact on purchases Steve RandallCanadian Real Estate Wealth Last year, a record 380,000 people moved to Canada, outpacing the federal government’s immigration target of 300,000 per year set in 2016. But the positives of younger people joining the Canadian workforce as an aging population retires, are dampened […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-08-2018
    Real Estate Related
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