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  1. Properly: Valuable tool or formidable opponent?

    A tech company/real estate brokerage simplifies the buying process Clayton JarvisREP Launched in 2018 and steadily gaining traction in Ottawa and Calgary, Properly is a tech company/real estate brokerage that promises to simplify the homebuying process. It’s a nifty enough business model: If a user agrees with the company’s valuation of their home, Properly will […]

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

  2. Mount Pleasant industrial site goes for $344 per buildable square foot

    Prime light industrial site sold for $2.75 million, $210K above its assessed value Stuart Wright Nick GouletWestern Investor Breakdown: Property type: Light industrial Location: 275 West 6th Avenue, Vancouver Property size: 1,947 square feet Lot size: 2,662.52 square feet Zoning: I-1 (light industrial) Floor space ratio: FSR 3 BC Assessment value: $2.54 million List price: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-02-2020
    Real Estate Related

  3. BCREA Calls for Increased Federal-Provincial Cooperation to Tackle Money Laundering in BC

    BCREA & The Commission of Inquiry Into Money Laundering Trevor HargreavesBCREA This morning, the British Columbia Real Estate Association (BCREA) makes our opening statement to the Cullen Commission of Inquiry into Money Laundering in British Columbia. As this process gets underway you should expect to see increased amounts of media coverage in coming days.   To […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-02-2020
    Real Estate Related

  4. Changing the stress test may raise credit risk for banks says Fitch

    Credit risk to banks may be affected by stress test changes Steve RandallCanadian Real Estate Wealth The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big banks. That’s according to Fitch Ratings which says that the lower threshold for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-02-2020
    Real Estate Related

  5. Is British Columbia’s condo industry about to fall off a cliff?

    Condo Insurance rate rise could see the downfall of condo buildings Clayton JarvisCanadian Real Estate Wealth For the last five years, there has been an incessant whisper at the margins of the real estate industry that has kept the idea of crashing markets and popped real estate bubbles in the public consciousness. Overextended buyers, overheated […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2020
    Real Estate Related

  6. Is Toronto in a housing bubble?

    Majority of Torontonians thinks city has inflated housing prices Gerv TacadenaCanadian Real Estate Wealth Around four in five Canadians in Toronto perceive the city to be in a housing bubble, according to the latest study by Zillow and Ipsos. Eighty percent of Canadians living in Toronto think the city has inflated housing prices and is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2020
    Real Estate Related

  7. Investment on apartment construction up in 2019

    StatsCan says residential construction increased in 2019 Gerv TacadenaCanadian Real Estate Wealth The investment in residential construction increased last year, with a stronger focus on apartments and row homes, according to the latest figures from Statistics Canada (StatsCan). Over the year, the value of investment toward residential construction went up by 2.3% to $123.9bn, mainly […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2020
    Real Estate Related

  8. Metro Vancouver’s luxury home prices forecast to slip further

    Luxury home price not rising like condo prices Joannah ConnollyWestern Investor Although Metro Vancouver’s MLS home sales and prices have been recovering from their recent downturn since last summer, it’s a different story when looking at the luxury sector in isolation, according to a new report by Royal LePage. The national brokerage issued a forecast […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2020
    Real Estate Related

  9. Metro Vancouver developers slash condo presale launches as demand drops

    The number of condo presale units released for sale in 2019 fell sharply, as developers responded to plummeting demand Joanne Lee-YoungThe Vancouver Sun The number of condo presale units released for sale in 2019 fell sharply in Metro Vancouver, as developers responded to demand that fell off a cliff. Developers put 7,588 units up for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2020
    Real Estate Related

  10. This real estate market shows how fast things can change

    Asian housing markets vulnerable due to covid-19 Steve RandallCanadian Real Estate Wealth Real estate frequently follows trends but occasionally there will be a bolt from the blue that changes things fast. The US saw it a decade ago when subprime mortgage lending buckled and the housing markets collapsed. Now, it is Asian housing markets that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2020
    Real Estate Related
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