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  1. New regulations might benefit Vancouver long-term rental supply

    300 homes have returned to the market?s long-term rental supply Ephraim VecinaCanadian Real Estate Wealth In the four months since Vancouver’s new real estate regulations came into effect on September 2018, a little over 300 homes have returned to the market’s long-term rental supply, after previously being used as full-time Airbnb units. The new study […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-06-2019
    Real Estate Related

  2. Slower growth for new condo prices in Q1 says StatsCan

    Q1 new condo prices easing Steve RandallCanadian Real Estate Wealth Growth in the price of new condos eased in the first quarter of 2019 as continued strength in Vancouver and Ottawa was offset by weaker growth in Toronto and Victoria. Statistics Canada’s Experimental Condominium Apartment Index gained 0.7% in Q1 2019 compared to 2.3% in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-06-2019
    Real Estate Related

  3. Investment in multifamily construction reaches new heights

    The residential construction sector led the gains for overall Canadian construction investment in April Steve RandallREP The residential construction sector led the gains for overall Canadian construction investment in April, the latest month of figures released by Statistics Canada. The 3.6% increase for the residential sector took investment to $10.6 billion for the month, while […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2019
    Real Estate Related

  4. Political unrest in Hong Kong is bad news for Vancouver millennials

    Upheaval in Hong Kong could have people moving to Vancouver Neil SharmaMortgage Broker News With political upheaval in Hong Kong, which has seen millions take to the streets to protest an extradition law with Mainland China, speculation is rampant that a rush of new residents will make their way to Vancouver. If that happens, there […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2019
    Real Estate Related

  5. AutoProp is now available to 18,000 realtors – a MyLTSA product

    Real estate boards sign up for BC property info solution Steve RandallREP Property research and analysis technology owned by the Land Title and Survey Authority of British Columbia has been adopted by another three real estate boards. The Fraser Valley Real Estate Board, the BC Northern Real Estate Board and the Chilliwack and District Real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2019
    Real Estate Related

  6. Owners aren”t actually present in nearly half of Vancouver’s condos

    Almost half of Vancouver condo units are not occupied by owners Ephraim VecinaCanadian Real Estate Wealth Vancouver’s condominium market has been a hotbed of activity and price growth over the past few years, but Simon Fraser University academic Andy Yan has just confirmed many hopeful home buyers’ worst fears: Almost half of the city’s condo […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2019
    Real Estate Related

  7. Magnum Projects’ new development Soleil in White rock offers 8% return on down payments

    Development offers 8% returns on down payments Neil SharmaCanadian Real Estate Wealth As Vancouver’s real estate market continues sputtering, developers are coming out with all kinds of incentives, one of which is an 8% annual return on a preconstruction down payment. A condo called Soleil White Rock Living, located in the retirement community of White […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2019
    Real Estate Related

  8. Purplebricks poised to expand in Canada

    A real estate brokerage providing fixed-fee real estate services, coming to Canada Mario ToneguzziREM Purplebricks, a real estate brokerage providing fixed-fee real estate services, is poised to expand its presence in the Canadian market despite some challenges it has faced with the concept in Australia and the United States. Lukas Lhotsky, COO and general manager […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-06-2019
    Real Estate Related

  9. Owner of $24 million Point Grey home goes to court to fight $249,000 vacancy tax bill

    Yi Ju He claims that her home on Belmont Avenue should be exempt from the city’s vacancy tax because she is rebuilding it Keith Fraser The Vancouver Sun In a petition filed in B.C. Supreme Court, Yi Ju He, the owner of the home at 4749 Belmont Ave., says she bought it in October 2015 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-06-2019
    Real Estate Related

  10. Facebook co-founder says Libra could shift monetary clout to private companies

    other Facebook Inc’s Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company’s co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday. “If global regulators don’t act now, it could very soon be too late,” Hughes said. Hughes also said […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-06-2019
    Technology Related Articles

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