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  1. Demand for condos is driving Victoria’s sustained affordability

    Newly constructed developments are driving strength in Victoria?s condo sector Ephraim VecinaCanadian Real Estate Wealth Condos have been enjoying a gradual increase in popularity in Victoria, which helped keep the market’s average housing price at a moderate level during the third quarter, according to Royal LePage. “Newly constructed developments are driving strength in Victoria’s condo […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2019
    Real Estate Related

  2. Big losers in federal election could be foreign homebuyers and homeowners

    Big losers in Canadian election could be foreign real-estate speculators Geoff Zochodne The Vancouver Sun The biggest losers of Monday’s federal election may not be a political party, but foreign homebuyers and homeowners, who are facing the possibility of new taxes levied on them by a Liberal minority government supported by the New Democrats. Prime […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2019
    Real Estate Related

  3. HPI – underlying upward trend, Vancouver prices should stabilize

    Home Price Index shows some key trends for Canadian home prices Steve RandallCanadian Real Estate Wealth The latest reading of the Teranet-National Bank National Home Price Index shows some key trends for Canadian home prices. The index gained just 0.1% in September, half of the 21-year average for the month, continuing the trend of the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-10-2019
    Real Estate Related

  4. Vancouver House’s elegant, expanding form dramatically adds to city skyline

    Angular condo adds drama to city skyline Kevin Griffin The Vancouver Sun Vancouver House is more than just another condo highrise, it’s become a building that almost everyone has an opinion about. Some love it for standing out in a sea of rectangular cuboid towers; others hate it as a symbol of the city’s real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2019
    Real Estate Related

  5. The most-anticipated recession in history is coming, and it’s tying investors in knots

    Here’s why a downturn’s relationship to investing is complicated Tom Bradley The Vancouver Sun I’ve been doing a lot of client reviews lately and the ‘R’ word has come up in every one. I’m referring to the next recession. Sometimes it is framed as a question, but often it’s delivered as a statement of fact […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  6. Canada’s reverse mortgage balance expands anew, exceeding $3.7B

    Seniors using reverse mortgage borrowing intensifies Ephraim VecinaMortgage Broker News Canada’s reverse mortgage balance continues breaking its own records, reaching a new high in July as seniors’ borrowing kept intensifying. The balance stood at $3.78 billion on that month, having increased by 26.24% annually and 0.98% from June, according to OSFI filings. While growth in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  7. Hoping for a change to B-20 regulations? Not so fast

    Voting with the hopes that those amendments will be drastically changed is wishful thinking Kimberly GreeneMortgage Broker News Early voting has already begun across the country and no doubt voters are looking out for their best interests when making their choices. Fresh in the minds of some would-be homeowners and mortgage professionals alike are the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  8. More Canadians using FinTech but 2 things are holding them back

    Trust in FinTech securing person data a concern Steve RandallREP FinTech services are gradually finding new customers in Canada but have two important barriers to overcome. As challengers work hard to disrupt payments solutions and other traditional financial transactions including mortgages, a new survey from EY shows that there has been a 32% rise in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  9. Toronto condo apartment sales up 11% in third quarter

    Bouyant economic conditions boosting Toronto condo sales Steve RandallREP The buoyant economic conditions in Toronto mean more people moving to the city for work and wanting the most affordable housing options. This has helped the condo apartment sales market in the third quarter, which gained 11.1% year-over-year according to new figures from the Toronto Real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  10. Strata fines never automatically imposed

    Review bank service agreement for consent to pay fees Tony GioventuThe Province Dear Tony: Several years ago, our strata corporation adopted a bylaw requiring owners to provide payments by automatic bank withdrawal. At the time, several owners raised concerns about the strata corporation having access to their banks accounts, but were assured it was only […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Strata Information

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