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  1. Victoria council eyes rezoning 500 buildings into forever rentals

    Responds David Hutniak, CEO of Landlord B.C.: ‘This is a down-zoning. Some of our members call it expropriation.’ Bill CleverleyThe Vancouver Sun A sweeping zoning change under consideration by Victoria council to ensure purpose-built rental buildings remain rental is being met with dismay by landlords and developers. “This is a non-starter,” said David Hutniak, CEO […]

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

  2. Advances in mortgage tech should keep humans in the loop

    Future technology should always incorporate the personal element Ephraim VecinaMortgage Broker News While technology has proven to be a massive boon to the mortgage industry, Dominion Lending Centres accredited mortgage professional Eitan Pinsky recently noted that significant challenges remain. In his piece published at DLC’s online portal, Pinsky noted that due to the very nature […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2019
    Real Estate Related

  3. The owner of 1138 Matthews Avenue fighting vacancy tax bill

    Owner of $12.5-million Shaughnessy home goes to court to fight $128,000 vacancy tax bill Keith FraserThe Vancouver Sun Sau Po Wong, a retired businessman, says that in February 2018, he completed and submitted to the city his property status declaration form for 2017. He said that because he had lived at the property, a single-family […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2019
    Real Estate Related

  4. Home sales remain well below historical levels in the Fraser Valley

    Fraser Valley home sales lowest since 2000 Steve RandallCanadian Real Estate Wealth Home sales in the Fraser Valley totaled 1,306 in June, the second lowest for the month since 2000. It meant that sales lagged the 10-year average for June by 29.3% and were down 13.9% month-over-month and down 10.1% year-over-year according to a new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2019
    Real Estate Related

  5. Victoria’s residential market posts a subdued performance in June

    June sales lower the May in Greater Victoria Ephraim VecinaCanadian Real Estate Wealth Despite stronger sales on an annual basis, Victoria’s real estate market performance last month remained muted in the greater scheme of things. Overall sales volume in June was 4.5% higher year-over-year, but was 12.7% below May 2019 levels. “June has trended lower […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2019
    Real Estate Related

  6. Blockchain for real estate is taking very slow steps to success

    FIBREE slow to be embraced for real estate Steve RandallREP Blockchain is being hailed as the future of everything from legal services to healthcare but while some industries are already embracing the technology, real estate is taking things slowly. This is the key finding of a new report from the non-profit FIBREE – the Foundation […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2019
    Real Estate Related

  7. The $22.5 billion drop: Figures show Vancouver real estate coming ‘back to reality,’ realtor says

    Vancouver’s housing market has been on ‘on a bender,’ professor says, ‘and after that bender will come a hangover.’ Dan FumanoThe Vancouver Sun With the first half of 2019 in the books, local realtor Barry Magee reviewed sales data from the Real Estate Boards of Greater Vancouver and the Fraser Valley. He said he expected […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-07-2019
    Real Estate Related

  8. The mansion owner at 1138 Matthews Avenue, listed by Sonja Pedersen of Remax Crest Realty, is fighting the vacant home tax

    Mansion owner claims he missed $128K empty homes tax bill because he was out of the country Jason Proctor CBC Radio The owner of a multi-million dollar Vancouver mansion claims he missed a deadline to fight a $128,310 empty homes tax bill because he was out of the country when the city tried to contact […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-07-2019
    Real Estate Related

  9. Toronto condo apartment rentals up 15% in June

    Q2 apartment rental listings up Steve RandallREP The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity. Toronto Real Estate Board reports a 14.9% year-over-year increase in condo apartment rental transaction in the second quarter of 2019 to a total of 9,749. Supply eased with a 28.8% increase […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-07-2019
    Real Estate Related

  10. Vancouver home sales post weakest June in almost 20 years

    Home sales still weak for June in Metro Vancouver Steve RandallMortgage Broker News Home sales remain weaker than usual in the Metro Vancouver with June posting its lowest total since 2000. The Real Estate Board of Greater Vancouver says that sales in the month lagged the 10-year average by 34.7% with 2,077 total sales. That’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-07-2019
    Real Estate Related

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