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  1. Non-Resident Buyers and Sellers of Real Estate

    There are certain legal and accounting issues that arise when a non resident of Canada acquires or sells property in Canada The Spagnuolo Groupother Non-Resident Sellers The Income Tax Act of Canada provides that whenever a non-resident disposes of property, the non-resident is required to pay the appropriate amount of taxes on any gain.  In […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 07-08-2018
    Real Estate Related

  2. Toronto, Vancouver headed in different directions

    Toronto sales stabilizing while Vancouver tumbles Canadian Real Estate Wealth Home sales in the Greater Toronto Area climbed significantly in July in a divergence from the latest numbers in Vancouver. Residential home sales were up 18.6 per cent in the GTA for the month compared with last July, the Toronto Real Estate Board said Friday. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 07-08-2018
    Real Estate Related

  3. Zillow enters the US mortgage market

    Zillow acquires Mortgage Lenders of America Steve RandallREP Zillow’s expansion across the residential real estate market has taken another turn as it plans to enter the mortgage industry. The group has announced that it will acquire Mortgage Lenders of America, a US national lender, which will enable it to provide home financing options for customers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 07-08-2018
    Real Estate Related

  4. SoHo 191 South Hollywood Road Kelowna 88 condos in a 5 storey building by Aristar

    SoHo complex located in southeast Kelowna, about a 10-minute drive from the city centre Michael BernardThe Vancouver Sun Project Address: 191 South Hollywood Rd. Kelowna Project Scope: Eighty-eight condo homes ranging from studios through three-bedroom units in 30 different floor plans in a five-storey wood frame building. Square footages range from 424 sq.ft. to 1,218 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 04-08-2018
    Real Estate Related

  5. Hunter at Lynn Creek 1401 Hunter Street North Vancouver 326 homes in two concrete towers of 27 and 16 storeys by Intergulf Development Group

    Hunter at Lynn Creek offers close proximity to shops, walking and biking trails Michael BernardThe Vancouver Sun Hunter at Lynn Creek, North Vancouver Project Address: 1401 Hunter St., North Vancouver Project Scope: A total of 326 units in two concrete towers of 27 and 16 storeys each located on 2.1 acres. Homes range from studios […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 04-08-2018
    Real Estate Related

  6. SoHo 191 South Hollywood Road Kelowna 88 condos in a 5 storey building by Aristar

    SoHo complex located in southeast Kelowna, about a 10-minute drive from the city centre Michael BernardThe Vancouver Sun Project Address: 191 South Hollywood Rd. Kelowna Project Scope: Eighty-eight condo homes ranging from studios through three-bedroom units in 30 different floor plans in a five-storey wood frame building. Square footages range from 424 sq.ft. to 1,218 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 03-08-2018
    Real Estate Related

  7. Fraser Valley inventory is growing as summer slowdown bites

    Fewer homes sales allowing a build up of inventory Steve RandallCanadian Real Estate Wealth Fewer home sales in the Fraser Valley is allowing a build up of inventory in the region. Sales of 1,290 units across all home types were recorded the Fraser Valley Real Estate Board’s MLS, down 33.4% year-over-year and down 11.2% month-over-month. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 02-08-2018
    Real Estate Related

  8. Vancouver’s recent price declines do not guarantee improved affordability

    Demand outpaces supply for lower priced homes Ephraim VecinaCanadian Real Estate Wealth A recent shrinkage in home prices across Metro Vancouver will not help improve the prospects of more affordable housing for first-time buyers, according to observers. This is because properties are staying in the market longer, which gives buyers of single-family estates “the luxury […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 02-08-2018
    Real Estate Related

  9. Here’s who Metro Vancouver residents blame for the housing crisis

    Who is to blame, 84% say it is foreign homebuyers Steve RandallREP Whatever the official data may show, residents of Metro Vancouver overwhelmingly believe that foreign buyers are contributing to the current housing situation in the region. A survey from Insights West asked residents if there is a housing crisis, 90% say there is including […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 02-08-2018
    Real Estate Related

  10. Metro Vancouver home sales hit 18-year low and 8 more facts about the city’s July housing market

    Metro Vancouver?s housing market is feeling the impact of a quieter summer Kerrisa Wilsonother Metro Vancouver’s housing market is feeling the impact of a quieter summer with home sales falling to an 18-year low for the month of July. Last month, 2,070 homes changed hands in the region — a 30 per cent drop from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 02-08-2018
    Real Estate Related
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