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  1. Federal budget includes first-time buyer incentives

    Feds pick up a portion of first-time buyer?s mortgage Jordan PressCanadian Real Estate Wealth On the eve of a federal election this fall, the Liberal government is looking to help more Canadians buy their first homes by picking up a portion of their mortgage costs and increasing the amount they can borrow from their retirement […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2019
    Real Estate Related

  2. RE/MAX, Redfin announce referral relationship

    Redfin to refer only to RE/MAX in Canada Steve RandallCanadian Real Estate Wealth A strategic alliance has been announced between RE/MAX and Redfin in Canada and the United States. Building on an established 10-year relationship that the two real estate firms already have in the US, Redfin will refer customers to other brokerages where it […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2019
    Real Estate Related

  3. B.C. attorney general opens door to background checks for money transfer/exchange businesses

    Eby opens door to licensing system for money services Gordon Hoekstra The Vancouver Sun B.C. Attorney General David Eby is considering a B.C. licensing system for money transfer and foreign exchange businesses, which are vulnerable to money launderers. Eby was responding Monday to a Postmedia investigation that found two dozen money-services businesses in Vancouver, Richmond […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2019
    Real Estate Related

  4. 2019 housing starts to decline in Toronto, Vancouver

    Altus Group says housing starts will fall Neil SharmaMortgage Broker News Housing starts are expected to dip in two of Canada’s three largest this year amid stress test difficulties, higher renewal rates, and a slumping economy. According to an Altus Group report, Toronto and Vancouver are staring down another turbulent year in which housing starts […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2019
    Real Estate Related

  5. Altus report latest to forecast decline in B.C. housing starts

    New-housing construction is expected to slow but remain at relatively high levels Derrick Penner The Province A new report from the research firm Altus Group reinforces expectations that B.C. housing construction, particularly in Metro Vancouver, will decline under the influences of mortgage stress tests, new tax measures and a slowing economy. The report, released Monday, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2019
    Real Estate Related

  6. Regulators propose further changes to syndicated mortgage rules

    The framework governing syndicated mortgages changing Steve RandallCanadian Real Estate Wealth Canada’s securities regulators are implementing changes to the framework governing syndicated mortgages and have proposed further changes to improve investor protection. The Canadian Securities Administrators has published a second notice and invited comments on the further proposed changes, which build on those previously announced […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-03-2019
    Real Estate Related

  7. Housing market hit by the “bitter pill” of stress tests says CREA

    Canada’s housing market to remain subdued Steve RandallCanadian Real Estate Wealth Image credit: Canadian Real Estate Association Canada’s housing market likely to remain subdued this year but should see an uptick in 2020 as the impact of policy changes begin to ease. Sales are expected to remain weak amid lower access to mortgages caused by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-03-2019
    Real Estate Related

  8. Federal budget to introduce sweeping changes regarding housing

    Finance minister to tackle housing affordability Ephraim VecinaMortgage Broker News Among the main items in this week’s federal budget is a focus on wide-ranging changes aimed at making home buying more attainable, according to research by The Canadian Press. Finance Minister Bill Morneau has previously vowed that a particular area of concern that the budget […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-03-2019
    Real Estate Related

  9. Federal Budget Expected To Include Changes To Improve Housing Affordability

    Housing affordability main topic in federal budget Andy Blatchfordother The Trudeau government will take steps in Tuesday’s federal budget to make home-buying more affordable with changes affecting supply, demand and regulation, The Canadian Press has learned. Finance Minister Bill Morneau has promised the budget will focus on ways to help improve housing affordability for Canadians, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2019
    Real Estate Related

  10. Another American company enters Canadian real estate market

    ReferralExchange a lead generation management firm Neil SharmaREP Following in the footsteps of Zillow and Redfin, U.S.-based ReferralExchange has entered the Canadian real estate market. The real estate referral and lead generation management firm has begun operations in Toronto, Vancouver and Calgary to start, but already has plans for further expansion throughout the Great White […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2019
    Real Estate Related

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