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  1. BCREA 2019 Q3 – 75,000 sales in 2019 YTD, 23,000 realtors, Average sale price )$718,000, 11 real estate boards

    BC Homes Sales Set to Normalize in 2020 BCREA The British Columbia Real Estate Association (BCREA) released its 2019 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 5 per cent to about 75,000 units this year, after recording 78,505 residential sales in 2018. MLS® […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  2. Metro Vancouver sales return to more typical levels

    Metro Vancouver home sales up this summer Steve RandallREP Home sales in Metro Vancouver increased in double digits year-over-year in August. Total sales of 2,231 reported by the Real Estate Board of Greater Vancouver was 12.7% below the July total but was 15.7% higher than in August 2018. Sales were 9.2% below the 10-year average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  3. Toronto Real Estate Board says home sales up in August

    TREB releases latest home sales data Mortgage Broker News The Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4 per cent compared with a year ago. The board say there were 7,711 home sales through its MLS system in August, up from 6,797 sales reported in August […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  4. Big increases have hit strata insurance customers

    Delinquent repairs could lead to high insurance deductibles Tony GioventuThe Province Dear Tony: Our strata corporation is an older wood-frame condo. In the past three years we have experienced a number of water claims on our insurance. Two claims this year were failures of pipes, and last year leaks were owner caused as a result […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Strata Information

  5. Winston Terraces 19624 56 Avenue Langley 26 two, three and four bedroom townhomes by Quadstar Development

    Winston Terraces homes feature huge roof decks that will make for stylish outdoor living Kathleen FreimondThe Province As Langley continues to grow – according to Statistics Canada, the municipality’s population has increased by 12.6 per cent since 2011 – developers are responding to the demand for housing with a range of new multi-family homes. One […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  6. Housing rental increase in B.C. set at 2.6 per cent in 2020

    Housing rental hike pegged at maximum of 2.6% for 2020 in the province Tiffany CrawfordThe Province If you rent your home in B.C. you could be paying as much as 2.6 per cent more next year. That’s the most that landlords are allowed to hike rent in 2020 as set by the B.C. government Wednesday. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  7. Metro Vancouver home sales up this summer

    Sales were up in all types of housing in August, according to the Real Estate Board of Greater Vancouver Tiffany Crawford The Province Home sales in Metro Vancouver were slightly up this summer compared with last year, according to the Real Estate Board of Greater Vancouver. There were 2,231 residential properties sold in August, a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-09-2019
    Real Estate Related

  8. First-Time Home Buyer Incentive is live, but industry is skeptical

    The first-time home buyer incentive falls short for Vancouver buyers Steve RandallCanadian Real Estate Wealth As Canadians enjoyed the Labour Day holiday, a new government scheme was officially launched that aims to help more people get on the housing ladder. But the First-Time Home Buyer Incentive may not be the panacea for potential new entrants […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-09-2019
    Real Estate Related

  9. Vancouver pre-sale units are seeing less launches and transactions

    Pre-sale units fewer this year due to late or cancelled developments Ephraim VecinaMortgage Broker News Launches of pre-sales in the Greater Vancouver region have seen a drastic decline over the past year, as developers are reacting to sluggish absorption rates by deferring the release of new supply. Data from MLA Canada showed that the market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-09-2019
    Real Estate Related

  10. Here’s what you need to know about the First-time Home Buyer Incentive

    The government’s First-Time Home Buyer Incentive (FTHBI) comes into effect today Sarah Turnbull other The program, aimed at making it easier for young people to buy their first home by lowering new buyers’ monthly mortgage payments. According to the program, which was introduced by the Liberals in their 2019 budget, the federal government will absorb […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2019
    Real Estate Related

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