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  1. Toronto, Vancouver tied for lowest office vacancy rate in NA

    Toronto, Vancouver tied for tightest office markets in NA Steve RandallCanadian Real Estate Wealth Demand for offices in Toronto and Vancouver has squeezed the vacancy rates of both, making them the joint tightest markets in North America. CBRE Canada says that Vancouver’s office vacancy rate dropped to 2.6% in the second quarter of 2019, from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2019
    Real Estate Related

  2. Sold data availability causing surge of exclusive listings

    Exclusive listings preferred to ensure data privacy Neil SharmaREP Nearly a year after the Toronto Real Estate Board lost its appeal to the federal Competition Bureau over the issue of sold data, it turns out its privacy concerns were valid. Sotheby’s International Realty Canada’s 2019 Mid-Year Real Estate Report revealed a 19% year-over-year sales decline […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2019
    Real Estate Related

  3. Toronto among fastest-growing flexible workspace markets

    Co-working, serviced, and hybrid centres, shows that Toronto has seen the largest percentage increase Steve RandallCanadian Real Estate Wealth The shift towards flexible working has been changing the demand of office tenants over recent years and a new report shows the strength of the market. An analysis of the top 18 global markets for space […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2019
    Real Estate Related

  4. Almost two out of five Toronto condos are not owner-occupied

    Nearly four out of 10 condos in Toronto are not owner-occupied Ephraim VecinaMortgage Broker News Nearly four out of 10 condos in Toronto are not owner-occupied, according to the latest Statistics Canada data. As much as 39.7% of the city’s condo units were found to be either vacant, rented out, or used as second properties […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2019
    Real Estate Related

  5. Fraud, real estate laundering are exploiting the same vulnerabilities

    Businesses lose around $3 billion to fraud annually Ephraim VecinaMortgage Broker News Canada’s porous justice system is promoting the rapid growth of fraud as a business, a former RCMP top investigator has warned. These criminal enterprises are using the same systemic vulnerabilities that foster the prevalence of money laundering in Canada’s largest housing markets, according […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2019
    Real Estate Related

  6. The Impact of the B20 Stress Test on BC Home Sales in 2018

    Home sales across Canada plummeted to start 2018 BCREA Home sales across Canada plummeted to start 2018. The near-coincident implementation of several new federal and provincial housing policies designed to temper BC housing demand has given rise to competing explanations for what ultimately caused the downturn. Was it the B20 mortgage stress test? Higher interest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-07-2019
    Real Estate Related

  7. Launch date and other info about First Time Home Buyer Incentive

    FTHBI available September 2019 Steve RandallCanadian Real Estate Wealth The federal government’s plan to boost Canadian homeownership among middle class families now has an expected launch date. The First Time Home Buyer Incentive is set to be available from September 2, 2019, Jean-Yves Duclos, the minister responsible for CMHC has announced. The incentive will allow […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-07-2019
    Real Estate Related

  8. Even starter condos are tough to sell in Vancouver right now

    Studio condo sales decreased 27% in june Josh ShermanLivabl It looks like the Vancouver housing market’s collapse is as wide as it is deep. While the market’s slowdown is perhaps most apparent in the detached-home segment, it’s even struggling to sell a starter home in Canada’s priciest city for real estate. Realtor Steve Saretsky notes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-07-2019
    Real Estate Related

  9. The News 34375 Gladys Avenue Abbotsford 282 homes in two 6 storey buildings by Elevate Development Corp

    The News takes an iconic Abbotsford location Kathleen FreimondThe Vancouver Sun The News Project address: 34375 Gladys Avenue, Abbotsford Developer: Elevate Development Corp. Architect: Atelier Pacific Architecture Interior designer: BAM Interior Project size: 282 units (two six-storey buildings and a three-storey amenity building) Bedrooms: One to three bedrooms, Two bedroom + lock-off Unit size: one-bedroom: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-07-2019
    Real Estate Related

  10. Vancouver council continues Vision’s crisis management of development

    Vancouver was established on a grid pattern to serve separate and distinct neighbourhoods Elizabeth Murphy The Vancouver Sun Vancouver was established on a grid pattern of arterials for streetcars (replaced by trolley buses) to serve separate and distinct neighbourhoods across the city. Each neighbourhood was designed to be walkable and transit oriented, with a commercial […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-07-2019
    Real Estate Related

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