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  1. Rental apartment market appears to be on rebound

    Investors? search for yield outweighs effect of more restrictive legislation EVAN DUGGANThe Vancouver Sun Investors’ appetite to buy rental apartments in the Vancouver region appears to be bouncing back after a first half to 2019 that saw many buyers waiting on the sidelines amid uncertainty in the market, one brokerage house says. Demand for apartment […]

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

  2. CREA Updates Forecast as August Home Sales and Prices Improve

    The national August housing numbers are in Penelope Grahamother The national August housing numbers are in, and they’re looking rosy; the latest data from the Canadian Real Estate Association points to sustained improvement across the country with sales up for a sixth consecutive month, prompting the board to improve its forecast for the remainder of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2019
    Real Estate Related

  3. August saw more Canadian home sales as rates, prices ease

    August home sales improved from July Steve RandallMortgage Broker News There was an increase in Canadian home sales in August with a 1.4% improvement compared to July. New data from the Canadian Real Estate Association also shows an increase in actual (not seasonally adjusted) activity of 5% year-over-year. This puts sales 17% above the six-year-low […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2019
    Real Estate Related

  4. Home sales expected to rebound in 2019, 2020 but only to average

    Low interest rates and employment growth stimulate home sales Steve RandallMortgage Broker News Canada’s population and employment growth, coupled with an expectation of enduring low interest rates, means home sales are forecast to improve over the next year or so. An updated forecast from the Canadian Real Estate Association calls for 482,000 unit sales in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2019
    Real Estate Related

  5. Commercial sales in the Lower Mainland slower than last year

    The Lower Mainland saw a slide in commercial real estate sales in Q2 Steve RandallREP The Lower Mainland saw a slide in commercial real estate sales in the second quarter compared to a year ago. The Real Estate Board of Greater Vancouver reported 407 commercial sales in Q2 2019 compared to the 604 sales of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2019
    Real Estate Related

  6. Liberals if voted in will raise first time home buyers program mtg amount from $480K to $780K + add a 1% nation wide speculation tax

    ‘If you don’t vote for us, there’s nothing to help you.’ Neil SharmaMortgage Broker News Justin Trudeau announced his Liberal Party would expand the First-Time Home Buyer Incentive if elected—as well as implement a non-resident speculation tax nationwide—but it begs the question, why now? “I don’t know that anyone will object to it, but with […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2019
    Real Estate Related

  7. BC?s housing market continues its steady recovery as summer ends

    August home sales up 4.9% from last year Josh ShermanLivabl The stress test requires borrowers to either qualify for their mortgages at the Bank of Canada’s benchmark rate — an average of the Big Six banks’ posted rates — or 200 basis points above the borrowers’ contract rate, whichever is higher. Similar testing had been […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2019
    Real Estate Related

  8. Ariva 1770 Old Ferry Wharf Road Westbank Kelowna 37 condos in first phase by Barry & Kevin Johnson-Ariva Resorts

    Amenity-packed Ariva project overlooking Okanagan Lake aimed at active downsizers Kathleen FreimondThe Vancouver Sun “If you were busy before, you’ll be even busier and have more fun at Ariva,” says developer Barry Johnson of Barry and Kevin Johnson-Ariva Properties. Johnson says some baby boomers don’t downsize from large homes because a small condo or townhouse […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-09-2019
    Real Estate Related

  9. Ebb & Flow 109 homes at Lions Gate Village 1944 Fullerton Avenue North Vancouver by Woodbridge Homes and Citimark

    Ebb & Flow takes a location near urban amenities, minutes from North Shore?s natural draws Simon BriaultThe Vancouver Sun Easy access to nature has always been one of Metro Vancouver’s most appealing traits. For as long as anyone can remember, homebuilders have touted the ability of residents to live and work in a modern, cosmopolitan […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-09-2019
    Real Estate Related

  10. Vancouver property investment has significantly slowed down this year

    CBRE data shows real estate investors avoiding Vancouver Ephraim VecinaCanadian Real Estate Wealth Market and economic uncertainty has proven to be a damper on real estate investor activity in Vancouver, according to data from CBRE. These factors have compounded the pressure from a lower number of renovictions and strict government policies – the Residential Tenancy […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-09-2019
    Real Estate Related

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