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  1. Canadian housing starts trended lower as 2019 ended

    December housing starts across Canada were down Steve RandallREP There was a decline in the 6-month moving trend in Canadian housing starts in December. New figures from CMHC show a trend of 212,160 units, down from 219,921 in November. “The national trend in housing starts decreased in December,” said Bob Dugan, CMHC’s chief economist. “The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2020
    Real Estate Related

  2. Canadian buyers increasingly worried about qualifying for mortgage

    Qualifying for a mortgage one of the barriers to home ownership Kimberly GreeneMortgage Broker News Ninety-two percent of Canadians see at least one barrier to home ownership, and two of the top concerns are related to the mortgage process, according to a recent survey from Zillow and Ipsos. Canadians report feeling pressured by stricter mortgage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2020
    Real Estate Related

  3. Demand for condos not quieting down any time soon

    Condos most in-demand across Canada Ephraim VecinaMortgage Broker News Condos continue their reign as the most in-demand housing type across Canada, having shown the fastest appreciation over the last year. In Royal LePage’s latest “Market Survey Forecast” released last month, condominiums saw their median price grow by 3.3% annually, up to $487,525. As has been […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2020
    Real Estate Related

  4. BoC says housing market at risk of “froth” but debt is less risky

    Canada’s housing market strengthening Steve RandallREP Canada’s housing market is showing renewed strength as economic conditions and population growth drive demand. BC, Ontario, and Quebec are seeing the largest shares of immigration. But the governor of the Bank of Canada says that this demand is not being met by supply and there are risks in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2020
    Real Estate Related

  5. Metro Vancouver rental market had a remarkable boom year

    Vacancy rate of 1.1% in Metro Vancouver Ephraim VecinaMortgage Broker News Rental housing in Metro Vancouver saw notable growth in 2019, amid cooling home ownership and falling property values. Over the last year, property values in the city fell by as much as 15% in several cases. Meanwhile, the market’s rental segment is expected to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2020
    Real Estate Related

  6. Polling ballots will force decisions to be disclosed

    Strata removed secret ballots from bylaws Tony GioventuThe Province Dear Tony: In August, we held a third special general meeting to approve a special levy to replace the piping in our 30-year-old building. Once again, an owner showed up with enough proxies — 28 — to defeat the special levy. She always demands a secret […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2020
    Strata Information

  7. 3535 Princeton 27 three and four bedroom townhomes at 3535 Princeton Avenue Coquitlam by Nordel Developments

    Private rooftop patios key to the appeal of 3535 Princeton Burke Mountain Simon BriaultThe Province A highlight of the homes at 3535 Princeton may be the patio, but the developer has also not held back on the interior finishes. Nordel Developments is building a collection of townhomes on Coquitlam’s Burke Mountain. Rod Byrnell and wife […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2020
    Real Estate Related

  8. Which Canadian cities are people moving to right now?

    North Vancouver biggest migration destination Steve RandallCanadian Real Estate Wealth A new report reveals the cities that are seeing the strongest immigration currently; and those that are seeing the most exits. U-Haul’s migration trends report for 2019 shows that North Vancouver, BC, is the No.1 U-Haul Canadian Growth City, posting the largest net gain of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2020
    Real Estate Related

  9. BC lowers value threshold for tax grant

    The property value threshold is now $1.525M Gerv TacadenaREP The British Columbia government has decided to lower the property-value threshold for the province’s tax grant, allowing more homeowners to qualify for a full claim. The property-value threshold for 2020 is now set at $1.525m, down from $1.65m last year. The provincial government said this decision […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-01-2020
    Real Estate Related

  10. Why the next few months are the best time to put homes on sale

    Timing is crucial when selling a home Gerv TacadenaREP Timing is a crucial consideration when selling a home. A study by RE/MAX said it is ideal to put properties on sale during the months of February, March, and April. RE/MAX said while the weather is not ideal during February, the month allows home sellers to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-01-2020
    Real Estate Related

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