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  1. 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
    23-09-2019
    Real Estate Related

  2. 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
    23-09-2019
    Real Estate Related

  3. 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
    21-09-2019
    Real Estate Related

  4. 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
    19-09-2019
    Real Estate Related

  5. 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
    19-09-2019
    Real Estate Related

  6. 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
    19-09-2019
    Real Estate Related

  7. RE/MAX launches video series showing real homebuyers’ journeys

    HomeGoals series to launch in October Steve RandallCanadian Real Estate Wealth A new series of videos will go behind-the-scenes of Canadian homebuying and feature real homebuyers’ conversations as they prepare for their biggest purchase decision. RE/MAX’s #HomeGoals series will be hosted by YouTuber and social media personality Ashley Bloomfield and is scheduled to launch in […]

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

  8. Canadians’ wealth reduced as real estate gains are erased

    Canadian household worth less in 2018 Steve RandallCanadian Real Estate Wealth The average Canadian household was worth less in 2018 than in the previous year. The average net worth of $678,792 was down $7,594 (1.1%) in 2018 according to a study by Environics Analytics. While real estate values gained $6,336 (1.6%) other factors erased this […]

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

  9. Condo Smarts: Aging receivables should be routinely reviewed

    Aging receivables should be routinely reviewed Tony GioventuThe Province Dear Tony: We are a mid-sized condo building of 55 units. Our units are mostly retired owner-occupied as we have a very desirable location. At our annual meeting, we routinely have at least 50 per cent or more of the owners in attendance. This year at […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-09-2019
    Strata Information

  10. Buyers of new GTA homes face $222K in government charges

    New single-family home buyers pay higher taxes Steve RandallMortgage Broker News Buyers of newly constructed homes in the Greater Toronto Area pay some of the highest government charges in North America according to a new study. The analysis of taxes, fees, and other government charges across several North American metros shows that buyers of new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-09-2019
    Real Estate Related

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