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  1. BCREA: stress tests limiting impact of falling rates

    B-20 mortgage will see the qualifying rate hold steady Steve RandallCanadian Real Estate Wealth Mortgage rates are expected to remain at roughly their current level through to the end of 2020 according to a new forecast. The British Columbia Real Estate Association’s Economics team says that, notwithstanding any major changes to the economic landscape, the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-09-2019
    Real Estate Related

  2. Alberta augmented reality platform to facilitate easier buy-and-sell

    Reality platform is promising to make buying and selling homes in Alberta easier Ephraim VecinaREP A just-launched augmented reality platform is promising to make buying and selling homes in Alberta easier and more streamlined. Bōde Canada has recently announced the inauguration of its portal in Calgary and Edmonton. The platform, which will eventually cover the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-09-2019
    Real Estate Related

  3. Does the stress test need to be amended?

    Should the stress test have been introduced in the first place? Neil SharmaMortgage Broker News Andrew Scheer proposed extending amortizations for first-time homebuyers, loosening the stress test and eliminating it for renewals, but that might be unwise, say experts. The Canada Mortgage and Housing Agency’s CEO Evan Siddall previously noted that B-20 brought housing prices […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-09-2019
    Real Estate Related

  4. Avalanche of apartment buildings for sale hitting Metro Vancouver market

    ‘Unprecedented’ listings reflect landlord frustration with rent caps, soaring property taxes and regulations Frank O’BrienWestern Investor In the past few weeks, landlords have besieged Mark Goodman, a multi-family specialist with Vancouver’s Goodman Commercial Inc., wanting to list their properties for sale, including rare portfolios in Vancouver’s hottest rental neighbourhoods. “This is unprecedented,” said Goodman, who […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-09-2019
    Real Estate Related

  5. Industry weighs in on Scheer’s proposed amortization, B-20 amendments

    If interest rates climb as high as 5.5%, the stress test would effectively decimate the market Neil SharmaMortgage Broker News If elected, Andrew Scheer promises to raise amortizations to 30 years for first-time buyers. But if interest rates go up as expected, amortization periods may need to increase for all Canadians. “If you look at […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-09-2019
    Real Estate Related

  6. Vancouver prices suffer decline while much of Canada goes up

    Vancouver defied the national housing price trend in August Ephraim VecinaMortgage Broker News Vancouver defied the national housing price trend in August, being the only major market to have seen an annual decline during that month. The latest edition of the Teranet – National Bank of Canada House Price Index indicated that Vancouver’s average housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-09-2019
    Real Estate Related

  7. Edgestone 62 four and five bedroom single-family homes at 165B Street and 21st Avenue Surrey by Foxridge Homes

    Customized finishes on offer at Foxridge’s Edgestone Kathleen FreimondThe Vancouver Sun Edgestone Project address: 165B Street and 21st Avenue, Surrey Developer: Foxridge Homes Architect: Foxridge Homes (in house) Interior designer: First Impression Design Project size: 62 four- and five-bedroom single-family homes Unit size: +3,000 square feet Price: From $1.47 million Sales centre and show home: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-09-2019
    Real Estate Related

  8. Canadian Retail Sales

    Sales increased by 0.4% in July BCREA Canadian retail sales increased by 0.4% in July to $51.5 billion, driven largely by new auto sales. Retail sales were up in 6 of 11 sub-sectors, representing 71% of sales. In July, 6 of 10 provinces reported an increase in retail sales with the highest gain reported in Ontario […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-09-2019
    Real Estate Related

  9. Alberta makes housing trends data readily accessible online

    AREA launched interactive portal on province’s housing trends Ephraim VecinaCanadian Real Estate Wealth In Alberta, market players and hopeful home owners alike will now have easy online access to more than 18 years of the province’s housing trends and sales data, all presented in a readily comprehensible format. Last week, the Alberta Real Estate Association […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-09-2019
    Real Estate Related

  10. Strata Parking May Get Simpler

    Legally Speaking Parking Strata Properties Mike ManganBCREA In its newest report (the “Report”), the British Columbia Law Institute’s formidable committee of strata experts (the “Committee”) recommends more changes to the Strata Property Act (the “Act”). If adopted, these changes will make it easier for a REALTOR® to confirm how strata parking is designated. Background Depending […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-09-2019
    Real Estate Related
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