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  1. Stewart’s vows for Vancouver may not be enough – observers

    Not enough city land to achieve Stewart?s goal Ephraim VecinaMortgage Broker News Vancouver mayor-elect Kennedy Stewart has promised to build 85,000 new rental homes over the next decade, but Urban Development Institute chairperson Jon Stovell argued that this plan won’t do much to improve affordability in the red-hot market. “Without any land cost at all, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-10-2018
    Real Estate Related

  2. Luxury condo segment continuously drawing in buyers

    Millennials using inheritance to invest in luxury condos Ephraim VecinaCanadian Real Estate Wealth Toronto and Vancouver condo units in the $1-2 million price range have attracted a healthy proportion of buyers over the past few years, according to the 2018 RE/MAX Spotlight on Luxury Report. Christopher Alexander, executive vice president and regional director of RE/MAX […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-10-2018
    Real Estate Related

  3. Despite waning prices, housing market remains vulnerable

    Housing market vulnerable, despite slowing sales: CMHC Duffie OsentalCanadian Real Estate Wealth Real estate prices may be dropping, but the overall market is still exposed to a high degree of vulnerability. The Canadian Mortgage and Housing Corporation (CMHC) recently revealed this insight in their latest Housing Market Assessment (HMA) report for Q4. The findings indicate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-10-2018
    Real Estate Related

  4. Luxury condo sales are booming says RE/MAX

    Luxury condo sales in Vancouver up 6 per cent Steve RandallCanadian Real Estate Wealth Sales of homes in the $1-2 million price range are the focus of a new report from RE/MAX. It found that sales of luxury condos have increased in 2018 compared to 2017, especially in Canada’s large urban areas. In Toronto there […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-10-2018
    Real Estate Related

  5. New videos to help you prepare for the Rules of Cooperation changes

    REBGVother We’ve created three new videos to help you understand the changes to the Rules of Cooperation that’ll take effect on November 1. The changes range from minor modifications to new rules and a new form. The Rules of Cooperation govern members’ conduct and obligations to each other in their business. These changes are in response […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-10-2018
    Real Estate Related

  6. 1 in 3 fear rate rises could move them towards bankruptcy

    BoC expected to increase interest rates Steve RandallCanadian Real Estate Wealth With the Bank of Canada widely expected to increase interest rates Wednesday, a poll from debt advisors MNP shows rising concern over higher rates. The survey, conducted by Ipsos, found that 1 in 3 Canadians are worried that rising interest rates could push them […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-10-2018
    Real Estate Related

  7. Fall is in the Air…and Real Estate is in the Headlines

    Market Update August 2018 other With the recent cool down in the Metro Vancouver real estate market, the media is having a field day pumping out articles creating fear of an imminent crash and stalling some Buyers and Sellers from making a move. We understand that there are some of our clients who’ve jumped on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-10-2018
    Real Estate Related

  8. Chinese buyer interest in Metro Vancouver real estate soars again

    After a slump in inquiries, third quarter sees leap in Metro Vancouver searches on Chinese real estate portal Juwai.com Frank O’Brien Joannah Connolly Western Investor Nine months after the B.C. government raised the foreign-buyer tax on Metro Vancouver homes to 20 per cent of the property’s values, searches by potential buyers in China have surged […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-10-2018
    Real Estate Related

  9. Interest rate hikes are stoking Canadians’ fiscal fears

    Consumer Debt Index reported 1/3 of Canadians fear bankrupcy Ephraim VecinaREP The latest Consumer Debt Index by insolvency practice MNP LTD reported that 1/3 of Canadians are concerned that rising rates could push them towards bankruptcy. Over half (52%) of the study’s respondents also said that rate hikes will affect their ability to service their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-10-2018
    Real Estate Related

  10. Homebuilder, bank stocks plunge again

    Home stocks drop due to weakening real estate market Bloomberg Investors hoping for a respite in the pummeling of two of the stock market’s weakest sectors instead were treated to more pain. Financial stocks in the S&P 500 dropped 2.1 percent to a one-year low while homebuilders had their 12th decline in 14 days. Bearing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-10-2018
    Real Estate Related
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