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  1. Ins and outs of vendor take-backs

    Mastering the ins and outs of financing is crucial to success Canadian Real Estate Wealth Brokers Dalia Barsoum and Enza Venuto explain the pros and cons of using vendor take backs. Whether you are starter or veteran investor, mastering the ins and outs of financing and getting the right advice is crucial to your continued […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-01-2019
    Real Estate Related

  2. Home prices trended lower in the second half of last year

    Canadian home prices slipped back in the second half of 2018 Steve RandallREP Canadian home prices slipped back in the second half of 2018 according to a leading measure of pricing trends. The Teranet-National Bank National Composite House Price Index was down 0.3% in December compared to the previous month, continuing a trend of most […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-01-2019
    Real Estate Related

  3. BC Home Sales Decline 25% in 2018

    BCREA Reports a Decline in Home Sales BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 78,345 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2018, a decline of 24.5 per cent from the 103,758 units sold in 2017. The annual average MLS® residential price in BC […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-01-2019
    Real Estate Related

  4. Montreal’s luxury market attracts outsized sales activity

    Luxury Homes in Montreal increase by 18 per cent Ephraim VecinaCanadian Real Estate Wealth While Montreal’s housing market is renowned for its relative affordability, especially when compared to powerhouses like Toronto and Vancouver, the city’s luxury segment proved to be no slouch as it boasted of remarkable sales growth last year. Transactions involving single-family properties […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-01-2019
    Real Estate Related

  5. Reverse mortgage demand hits 8-year high

    Demand for reverse mortgages grew for the eighth consecutive year Geraldine Grones Mortgage Magazine The Office of the Superintendent of Financial Institutions reported that, as of October, the outstanding reverse mortgage debt is at $3.425 billion, the highest level it has been in eight years. “Canadians sent the balance of reverse mortgage debt soaring,” Better […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-01-2019
    Real Estate Related

  6. US real estate brokerage disruptor to launch in Canada

    Redfin to launch in Toronto and Vancouver by March Steve RandallREP A tech-fueled real estate brokerage that has seen rapid expansion in the US has announced that it’s coming to Canada. Redfin, which styles itself as the ‘next generation real estate brokerage’ plans to launch in Toronto and Vancouver by March this year with further […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-01-2019
    Real Estate Related

  7. High cost of housing sparks exodus from Vancouver

    Vancouver lost 1200 people to other provinces in 2018 Canadian Real Estate Wealth Iain Reeve and his wife moved from rental home to rental home in Vancouver but their final solution for secure housing was to move to Ottawa and buy two houses one for them and another for his parents. He and his wife, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-01-2019
    Real Estate Related

  8. Canada’s home prices recovering from “significant correction”

    Canada?s home prices increased 4% year-over-year Steve RandallREP Canada’s home prices increased 4% year-over-year in the fourth quarter of 2018, a sign of the market recovering from “the most significant housing correction” since the financial crisis. That’s the conclusion of a report from Royal LePage which shows that the media price of a home in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-01-2019
    Real Estate Related

  9. Interest rates might remain flat until next year

    BoC might refrain from further tax hikes this year Ephraim VecinaREP The Bank of Canada’s decision last week to retain its trend-setting interest rate at 1.75% is indicative of the institution’s cautious stance that will keep rates flat until at least next year, according to money manager BlackRock Inc. The central bank will most likely […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2019
    Real Estate Related

  10. Vancouver office market’s strength at a record high

    Vancouver’s commercial property market best in Canada Ephraim VecinaCanadian Real Estate Wealth Investors in Metro Vancouver are in for a treat this year, as the area’s commercial property market – especially the office segment – is currently the best nationwide. In its analysis, commercial agency Devencore stated that vacancy rates for office space in the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2019
    Real Estate Related

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