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  1. 5 Reasons Why 2020 is The Year To Buy Real Estate

    Lower mortgage rates, lower home prices, and the rise in buyer confidence means a busy year ahead for realtors Catherine MusgroveREW Thinking of buying a home? Well, 2020 could be your year! Real Estate experts across the country are optimistic this year will see an upswing in the market, and more first-time homebuyers will have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-02-2020
    Real Estate Related

  2. Commercial Activity Declined in 2019 Q4

    BCREA commercial indicator fell for second straight month BCREA The BCREA Commercial Leading Indicator (CLI) fell forthe second straight month to 134.3 in the fourth quarter of 2019. Compared to the same time last year, the index is up by 0.3 per cent. Provincial economic activity continued to slow in the fourth quarter of 2019, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-02-2020
    Real Estate Related

  3. What BCREA wants the government to do about money laundering

    BCREA – more cooperation between federal and provincial organizations Steve RandallCanadian Real Estate Wealth The Cullen Commission inquiry into money laundering in British Columbia began this week as the provincial government seeks a solution to the use of real estate and gambling industries by tax evaders and organized crime gangs. The British Columbia Real Estate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-02-2020
    Real Estate Related

  4. Destressing the 2020 Mortgage Stress Test

    Understanding the changes to Canada’s new Mortgage Stress Test, coming to a home near you in April 2020. Catherine MusgroveREW Agents and economists agree that the recently announced tweaks to Canada’s Mortgage Stress Test bring positive change to the housing industry. The new changes take effect on April 6, 2020, and will apply to insured […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-02-2020
    Real Estate Related

  5. Berkshire Hathaway Home Services is coming to Canada

    International real estate firm being established in Toronto Steve RandallCanadian Real Estate Wealth The internationally-renowned real estate brand Berkshire Hathaway Home Services is coming to Canada next month as a Toronto-based firm joins the network. Blue Elephant Realty will begin operating as Berkshire Hathaway HomeServices Toronto Living Realty, marking the first Canadian franchise in a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-02-2020
    Real Estate Related

  6. Canada poised to break record for commercial property investment

    Canada could potentially break the record for commercial real estate investment Gerv TacadenaCanadian Real Estate Wealth Canada could potentially break the record for commercial real estate investment this year, hitting the $50bn mark, according to the latest market outlook by CBRE. Paul Morassutti, vice chairman of CBRE Canada, said macroeconomic tailwinds, supportive immigration policies, and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-02-2020
    Real Estate Related

  7. Plan budget, contingency inputs to anticipate future risks

    Is a strata corporation permitted to amend their budget part way through the fiscal year Tony GioventuThe Province Dear Tony: Our strata corporation is one of the properties where our deductible has gone from $25,000 to $100,000 dollars as a result of two claims last year.  We approved our annual budget in December and now […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-02-2020
    Strata Information

  8. Aristotle 20203 84 Avenue Langley 173 homes in a 6-storey building by ML Emporio Properties

    Aristotle development from ML Emporio Properties puts the focus on families in Langley Simon BriaultThe Province If you bought at the right time, it’s no secret that there has been money to be made from owning — and then selling — a residential property in the Lower Mainland. Developers know this well and have been […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-02-2020
    Real Estate Related

  9. Here’s What First-Time Home Buyers Will Pay in Closing Costs Across Ontario

    First-time home buyers – how much money you need on closing day Penelope Grahamother The closing date of a real estate transaction is typically much anticipated – not only is the ownership of the property officially legally transferred from the seller to the buyer, but it brings an end to what can be an anxious […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-02-2020
    Real Estate Related

  10. Stress test adjustment will have a minor impact at best – CIBC?s Tal

    Mortgage qualification rules increased by 3% Ephraim VecinaMortgage Broker News The latest changes to mortgage qualification rules increased Canadians’ home purchasing power by a mere 3%, according to CIBC’s deputy chief economist. In a client note late last week, Benjamin Tal wrote that the recent adjustment to the stress test means that average-income Canadians will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-02-2020
    Real Estate Related

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