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  1. The most-anticipated recession in history is coming, and it’s tying investors in knots

    Here’s why a downturn’s relationship to investing is complicated Tom Bradley The Vancouver Sun I’ve been doing a lot of client reviews lately and the ‘R’ word has come up in every one. I’m referring to the next recession. Sometimes it is framed as a question, but often it’s delivered as a statement of fact […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  2. Canada’s reverse mortgage balance expands anew, exceeding $3.7B

    Seniors using reverse mortgage borrowing intensifies Ephraim VecinaMortgage Broker News Canada’s reverse mortgage balance continues breaking its own records, reaching a new high in July as seniors’ borrowing kept intensifying. The balance stood at $3.78 billion on that month, having increased by 26.24% annually and 0.98% from June, according to OSFI filings. While growth in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  3. Hoping for a change to B-20 regulations? Not so fast

    Voting with the hopes that those amendments will be drastically changed is wishful thinking Kimberly GreeneMortgage Broker News Early voting has already begun across the country and no doubt voters are looking out for their best interests when making their choices. Fresh in the minds of some would-be homeowners and mortgage professionals alike are the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  4. More Canadians using FinTech but 2 things are holding them back

    Trust in FinTech securing person data a concern Steve RandallREP FinTech services are gradually finding new customers in Canada but have two important barriers to overcome. As challengers work hard to disrupt payments solutions and other traditional financial transactions including mortgages, a new survey from EY shows that there has been a 32% rise in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  5. Toronto condo apartment sales up 11% in third quarter

    Bouyant economic conditions boosting Toronto condo sales Steve RandallREP The buoyant economic conditions in Toronto mean more people moving to the city for work and wanting the most affordable housing options. This has helped the condo apartment sales market in the third quarter, which gained 11.1% year-over-year according to new figures from the Toronto Real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  6. Strata fines never automatically imposed

    Review bank service agreement for consent to pay fees Tony GioventuThe Province Dear Tony: Several years ago, our strata corporation adopted a bylaw requiring owners to provide payments by automatic bank withdrawal. At the time, several owners raised concerns about the strata corporation having access to their banks accounts, but were assured it was only […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Strata Information

  7. The Heights on Austin 344 homes in two towers – East Tower 1045 Austin – West Tower 505 Nelson by Beedie Living

    The Heights on Austin to comprise two 25-storey towers Simon BriaultThe Province The Heights on Austin, a project from Beedie Living, will include 344 homes. Spectacular outlooks will be on offer at The Heights on Austin Bathrooms will be fitted with custom mirrors, porcelain floor tiles and undermount sinks Kitchens will have LED under-cabinet lighting […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2019
    Real Estate Related

  8. Colliers makes landmark sale of Vancouver multifamily asset

    Surrey Gardens Apartment complex sold Steve RandallMortgage Broker News Colliers International is celebrating the sale of one of the largest multifamily investment assets in Vancouver. With 3 wood-framed apartment buildings, 223 residential units, 11,000 square feet of retail, and all set in around 5.9 acres, the Surrey Gardens Apartment Portfolio sale was the first since […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-10-2019
    Real Estate Related

  9. September home sales surge signals the real estate market is returning to equilibrium

    In September were up in both Toronto and Vancouver, housing prices presented a different picture Murtaza Haider and Stephen Moranis The Vancouver Sun Housing markets in Toronto and Vancouver appear to be on the mend, as both gained strength over the summer and have posted a record increase in sales in the fall. September housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-10-2019
    Real Estate Related

  10. New home prices rise for the first time in more than a year

    There is slight increase in the price of new housing nationally Steve RandallMortgage Broker News There was a slight increase in the price of new housing nationally in August. Prices were up 0.1% from July, the first increase since July 2018, led by notable increases in the Sherbrooke (2.1%), Montreal (1.1%), and Trois-Rivieres (0.5%) CMAs […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-10-2019
    Real Estate Related

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