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  1. Mortgage Stress Test Continues to Dampen Home Sales in February

    Homebuyers continue to be sidelined by stress test BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 4,533residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, a decline of 27per cent from the same month last year. The average MLS® residential price in the province was $678,625,adecline […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-03-2019
    Real Estate Related

  2. Vancouver’s high-rises enjoying sustained growth in value

    Average price of a new high-density condo rose by 39% Ephraim VecinaREP Vancouver’s high-rise condos have experienced a steady increase in value over the past few years, mostly due to rising construction and land costs. According to new research by Altus Group, an acre slated for a high-density residential project in Vancouver can be valued […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-03-2019
    Real Estate Related

  3. River District is Wesgroup’s master-planned community in Vancouver

    Master-planned communities touted as top investment Neil SharmaCanadian Real Estate Wealth Master-planned communities have the obvious advantage of elaborate planning that standalone developments don’t, and that makes them superior investments. “Master-planned communities have the advantage in that you know how the community will change over time,” said Brad Jones, VP of development at Wesgroup in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-03-2019
    Real Estate Related

  4. Housing report offers new insights into B.C.’s non-resident home ownership

    Report gives insights into B.C.’s non-resident home ownership Stephanie IpThe Province A new housing report offers detailed insight into how much of B.C.’s property market actually belongs to non-residents. Compiled by the Canadian Housing Statistics Program, the report outlines the differences between non-resident owners and non-resident participation in the B.C. housing market, and whether assessments […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-03-2019
    Real Estate Related

  5. Speculation and Vacancy Tax – BC 30 point report

    Speculation and Vacancy Tax – BC 30 point report other Download Document

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-03-2019
    Real Estate Related

  6. Real estate disruptor ranks Canadian cities for public transport

    Redfin has launched a new ranking system Steve RandallCanadian Real Estate Wealth One of the newest names in Canadian real estate has launched a new ranking to help homebuyers find the best cities for convenient public transportation. Redfin firm Walk Score’s inaugural Transit Score rankings put Toronto, Vancouver, and Montreal at the top of the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-03-2019
    Real Estate Related

  7. Multi-family starts predominant in the hottest markets

    CMHC said multi-family complexes major construct starts Ephraim VecinaCanadian Real Estate Wealth In recent months, more multi-family buildings were constructed than any other housing type in Canada’s hottest markets, according to a new report by the Canada Mortgage and Housing Corporation. “The national trend in housing starts resumed its downward trajectory in February while still […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2019
    Real Estate Related

  8. Commercial property market heavily leans upon tech companies

    Suburban locations ideal for commercial investments Ephraim VecinaCanadian Real Estate Wealth The tech segment now serves as a vital bedrock of the Canadian commercial real estate sector, according to a new analysis by Marcus & Millichap. In its newly released 2019 Commercial Real Estate Canada Investment Forecast study, Marcus & Millichap noted that tech firms’ […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2019
    Real Estate Related

  9. Metro Vancouver residential land prices may have already peaked

    Land Prices have peaked Frank O’BrienWestern Investor Take a good look at the prices paid for residential development land in Metro Vancouver last year, as Colliers International did in its annual LandShare Report, because it could be a while before you see them any higher. In 2018, Metro residential land sales hit $627 million, which […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2019
    Real Estate Related

  10. B-20 Stress Test Needs Revision to Improve Housing Affordability

    BC government needs to revise stress test BCREA The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of homeownership. Mortgage lending rules, known as the B-20 stress test, have eroded housing affordability by reducing the purchasing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2019
    Real Estate Related

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