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  1. Condos are also expected to underperform other segments in Canada due to pandemic

    CONDO CONUNDRUM Steve Kupfermanother Until recently, a condominium apartment in Toronto was a near- foolproof investment. And then came March 2020, and COVID- 19. Since the start of the pandemic, resale condos in Toronto and other Canadian cities have tended to stagnate in value, even as prices of other housing types have stabilized or surged. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-12-2020
    Real Estate Related

  2. B.C will be the leading in construction expenditures in 2021 by 5 percent

    B.C. will lead West in 2021 construction pace Frank O?BrienWestern Investor A surge in private development and ongoing mega-projects in the resource arena will rank British Columbia as a leader in construction spending growth into 2021, according to a national study by BTY Group. The international consulting firm predicts B.C. will post at least a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-12-2020
    Real Estate Related

  3. 32.1 % Home sales for the month of November lesser than November 2019 sales

    ousing Market Snapshot for Novermber 2020 BCREABCREA

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-12-2020
    Real Estate Related

  4. B.C Housing market remains healthy through 2021

    B.C. housing market to remain vibrant through the new year: report Brian YuThe Vancouver Sun  A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. Photo by Ashley Fraser/Postmedia News files A company that supports hundreds […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-12-2020
    Real Estate Related

  5. Central 1 Credit Union 2021 forecast for Canadian housing market still strong

    Housing market will continue to defy gravity: Central 1 Frank O’BrienWestern Investor  Vancouver-based Central 1 Credit Union is among those forecasting that the “exceptionally strong” 2020 housing market in B.C. will continue to surge, with average prices rising 5.6 per cent in 2021 and a further 4 per cent in 2022. The outlook is in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-12-2020
    Real Estate Related

  6. Condo insurance cost increase up to 40 percent factors includes earthquake, wildfires and flooding

    Risk of catastrophic events linked to rising condo insurance costs Camille BainsThe Province A Crown corporation that regulates British Columbia’s private-sector insurance companies says an average 40 per cent increase in condo insurance premiums resulted from various factors including risks that insurers face from earthquakes, wildfires and flooding. The B.C. Financial Services Authority said in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-12-2020
    Real Estate Related

  7. Waterfront District plan with 26 storey office tower at 555 Cordova Street

    Big urban waterfront opportunity for City Lance BerelowitzThe Vancouver Sun  Lance Berelowitz is an urban planner, writer on urban issues, and award-winning author of Dream City: Vancouver and the Global Imagination. He is the principal of Urban Forum Associates.   LANCE BERELOWITZ The 555 Cordova site downtown has the potential to be a true urban […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-12-2020
    Real Estate Related

  8. Condo insurance cost increase up to 40 percent factors includes earthquake, wildfires and flooding

    No easy solutions to complex problem of high condo insurance premiums: B.C. report Camille BainsThe Vancouver Sun The B.C. Financial Services Authority says risks related to catastrophic events, some involving climate change, have put additional pressure on insurance companies’ profitability, impacting premiums and deductibles in parts of Canada and globally. A Crown corporation that regulates […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-12-2020
    Real Estate Related

  9. Canadians spending money more on real estate than before pandemic

    Consumer spending and real estate boost B.C.’s financial outlook Rob ShawThe Vancouver Sun  VICTORIA — British Columbians are spending significantly more money on things like food, electronics and real estate than they did before COVID-19 started, one of many hopeful signals the province’s finance minister cited Thursday as evidence the worst of the pandemic may […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-12-2020
    Real Estate Related

  10. One of Canada’s notorious mortgage fraud to be documented

    One of Canada’s most outrageous mortgage scandals to be focus of new documentary Clayton JarvisMortgage Broker News  In Capitalisms, an in-the-works docuseries planned for online release, filmmaker Bryan Bakker aims to explore how extreme wealth, or the similarly profound lack of it, distorts the way justice is served in Canada. Its intended first target is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-12-2020
    Real Estate Related

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