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  1. Vancouver eyes better amenities without impacting housing costs

    The City’s Community Amenity Contribution (CAC) Policy has being updated Steve RandallCanadian Real Estate Wealth The City of Vancouver wants to ensure greater and efficacy of a key development contribution policy without adding burden to housing costs and taxpayers. Community Amenity Contributions are in-kind or cash contributions provided by property developers as part of the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-01-2020
    Real Estate Related

  2. More data, more problems: Canadian execs unsure about data

    Financial companies are quickly amassing vast volumes of data, but executives are increasingly challenged by the fractured nature of existing systems Kimberly GreeneMortgage Broker News Almost all financial services executives are challenged by high volumes of data, but continue to ramp up their data collection despite it being difficult to put that data to its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-01-2020
    Real Estate Related

  3. Canadian Retail Sales (Nov) – Jan 24, 2020

    Seasonally-adjusted Canadian retail sales rose by 0.9% BCREA Seasonally-adjusted Canadian retail sales rose by 0.9% in November to $51.5 billion, driven by higher sales at motor vehicle and parts dealers, and at food and beverage stores. This marks the strongest monthly increase since March 2019 (1.3%). Higher sales were reported in 6 of 11 sub-sectors, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-01-2020
    Real Estate Related

  4. Developers paint bleak picture of Metro Vancouver’s future under status quo

    Region can embrace global status or become a “museum city,” says industry panel at forecast event Joannah ConnollyWestern Investor Metro Vancouver is at a crucial fork in the road — does it become a global city, embracing change and growth, or does it continue down its current path and become a “museum city”? At least, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-01-2020
    Real Estate Related

  5. Big tech fish migrating to ‘small pond’ Victoria

    Rising number of international companies are opening offices in B.C.’s capital Tyler OrtonWestern Investor When Matt Celuszak’s London-based firm embarked on the hunt for a city in which to launch its global research centre for artificial intelligence, many global metropolises entered into the conversation. But after passing on Melbourne and Singapore, the team at Element […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-01-2020
    Real Estate Related

  6. Bylaw on deductible won’t benefit insurance renewal

    Beware of bylaws that limit or restrict insurance claims Tony GioventuThe Province Dear Tony: Our strata corporation has consulted with a lawyer and our property manager and have been advised that if we approve a bylaw that limits the amount an owner would have to pay if they were responsible for a claim, it would […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-01-2020
    Strata Information

  7. 5 Financial Benefits Only Available for Homeowners

    There are many financial incentives available to homeowners not available to renters Catherine MusgroveREW Sure, renting has its perks, but did you know there are some great financial incentives only available to homeowners? If you currently own or are thinking about buying, make sure you take full advantage of these. 1. Possible Tax Breaks and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-01-2020
    Real Estate Related

  8. Metro Vancouver’s apartment building sales drop despite tight rental market

    Multi-family property owners have seen value of assets eroded, finds Goodman Commercial Peter MithamWestern Investor According to Simon Fraser University associate professor Josh Gordon, the biggest driver of rental vacancies in any given market is economic activity. “The low vacancy rate is a product of a high economy – nothing more, nothing less,” he said […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-01-2020
    Real Estate Related

  9. Go Big: Multi-family and commercial projected for continued strong growth in 2020 says new report

    New report by Morguard Corp. paints a positive picture for multi-suite residential sectors Clayton JarvisCanadian Real Estate Wealth Earlier this month, Mississauga, Ontario-based real estate management company Morguard Corporation released its Economic Outlook and Market Fundamentals report. In its exploration of the trends driving Canada’s commercial, industrial, office, retail and multi-suite residential sectors, the report […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-01-2020
    Real Estate Related

  10. Demand for rental units outstrips supply

    National rental vacancy rate at 2.2% Gerv TacadenaCanadian Real Estate Wealth The demand for rental apartment units continued to outshine the housing supply in 2019, leading to the third consecutive annual decline in the national vacancy rate to 2.2%, according to the recent figures from the Canada Mortgage and Housing Corporation (CMHC). The national vacancy […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-01-2020
    Real Estate Related

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