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  1. Metro Vancouver office vacancy reaches lowest levels since 2007

    Commercial vacancy rate at 4.3% Ephraim VecinaMortgage Broker News A combination of growing demand from global tech giants and lengthy development times has led to record-low office vacancy levels in Vancouver, according to Avison Young. As of mid-year 2019, the Metro Vancouver region’s vacancy rate was 4.3%, while the downtown market’s reading was 2%. The […]

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

  2. Home prices increase in 91% of metro areas in second quarter

    Single-family home prices increased in Q2 Kimberly Greeneother Single-family median home prices increased year-over-year in 91% of measured markets in the second quarter, according to the latest quarterly report from the National Association of Realtors (NAR). The median price for a previously owned single-family house increased 4.3% from a year earlier to $279,600. Prices climbed […]

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

  3. Strata corporations must file a formal address

    Strata councils must ensure they follow proper procedures when enforcing bylaws Tony GioventuThe Province Every day hundreds of emails and calls are managed by Condominium Home Owners Association advisors from strata councils, property managers, owners, tenants, and commercial users. Most complaints relate to matters involving relationships and conflicts between occupants. Most of these issues are […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-08-2019
    Strata Information

  4. Monument 2485 Larch Street, 22 one, two, and three bedroom homes by Epta Development

    Monument to take its place in the desirable Vancouver neighbourhood Kathleen FreimondThe Province The Greek community’s long history in Vancouver’s Kitsilano neighbourhood has a special connection for Epta Development Corporation, the developer behind the 22-unit Monument project on Larch Street. “The Greek community is inextricably linked to the fabric of the neighbourhood,” notes Epta principal […]

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

  5. Critics pan glass buildings as developer envisions world’s tallest wooden tower in Vancouver

    Critics shatter allure of glass buildings Joanne Lee-YoungThe Province Vancouver, the City of Glass, known for its tall condo towers and their walls of floor-to-ceiling windows, is being asked to reassess its namesake form of building. It comes as more architects, energy analysts and even politicians criticize such buildings for being among the biggest producers […]

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

  6. Toronto home sales rebounded in July as pent-up demand grows

    Toronto housing sales jumped 24% over a year ago Steve RandallCanadian Real Estate Wealth July brought some good news for the Toronto housing market as sales bounced 24.3% higher than a year ago. Toronto Real Estate Board reported 8,595 sales through its MLS system, a 5.1% month-over-month gain after preliminary seasonal adjustment. Sales outpaced new […]

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

  7. Foreigners were the largest segment paying BC’s speculation tax

    Foreign home owners paid speculation and vacancy tax Ephraim VecinaCanadian Real Estate Wealth Majority of those who were penalized by BC’s speculation and vacancy tax in its first year were foreign home owners, according to the finance ministry. Of the 12,029 taxpayers who remitted by July 2, as much as 4,485 were foreign nationals. This […]

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

  8. RE/MAX anticipating sustained strength for the rest of 2019

    Q2 2019 performance good for RE/MAX Ephraim VecinaMortgage Broker News After a robust Q2 2019 performance despite some road bumps in Canada and the U.S., real estate brokerage RE/MAX is looking towards sustained strength in all metrics for the full year. Overall agent count grew by 3.2% year-over-year, to a total of 127,020 agents. Canada […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-08-2019
    Real Estate Related

  9. BC speculation and vacancy tax nets $115M in its first year

    Vacancy tax to be used to improve housing access Ephraim VecinaMortgage Broker News British Columbia’s speculation and vacancy tax generated an estimated $115 million in its first year, the provincial ministry reported last month. The figure was considerably higher than the initial $87-million estimate cited in the 2019 provincial budget. Said revenue came about partly […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-08-2019
    Real Estate Related

  10. Metro Vancouver home sales bucked the usual July trend

    July sales in Metro Vancouver up Steve RandallCanadian Real Estate Wealth Home sales in Metro Vancouver saw an increase in July, a month that is usually quieter. The Real Estate Board of Greater Vancouver reported 2,557 residential sales, up 23.5% from a year earlier, and a 23.1% increase from the previous month. It meant that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-08-2019
    Real Estate Related

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