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  1. Bank of Canada enacts another overnight rate cut

    For the third time this month, the Bank of Canada cut to the overnight rate Phil HallMortgage Broker News For the third time this month, the Bank of Canada cut to the overnight rate, this time slashing off 50 basis points to a new level of .025%. The Bank Rate is correspondingly 0.50% and the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-03-2020
    Real Estate Related

  2. Feds roll out new measures to help small, medium-sized businesses weather COVID-19 storm

    Ottawa is increasing the payroll support for employers to 75 per cent Kirsten Clarke Western Investor The federal government has increased the payroll support and introduced new measures, including loans and tax deferrals, to help small- and medium-sized businesses weather the storm of COVID-19. The previously-announced wage subsidy – designed to help employers cover their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  3. B.C.?s new rental support measures leave landlords in lurch

    Tenant advocates are openly wondering if it even makes sense to pay rent Frank O’BrienWestern Investor A B.C. emergency-response rental package that could balloon above $1 billion over the next 90 days will leave landlords exposed to huge losses, according to agents and LandlordBC. Tenant advocates are openly wondering if it even makes sense to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  4. Mortgage rates to go upward until the market reaches a ‘new normal’

    Canadian mortgages will reach a new normal plateau Ephraim VecinaMortgage Broker News Canadian mortgage rates will likely climb higher until the market achieves relative stability amid the global COVID-19 outbreak, according to James Laird of Ratehub.ca. “With Canadians losing their jobs, lenders are building a bit higher of a risk premium into their mortgage rate,” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  5. COVID-19 is Impacting the Market – Here’s What the Bank of Canada is Doing About It

    BoC is adding a third emergency rate cut, bringing it to 0.25% Catherine MusgroveREW In a bold move on Wednesday (March 4, 2020), the Bank of Canada slashed its key interest rate by 50 basis points to 1.25%, in an attempt to keep the economy moving. But it didn’t stop there. On March 13, 2020, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  6. Online data shows real estate activity plummeting

    Prospective homebuyers are taking COVID-19 seriously. Canadian Real Estate Wealth Before going any further, CREW would like to first say this: STAY. HOME. And if you can’t do that: KEEP YOUR DISTANCE. The sooner everyone begins following the suggestions of the world’s best-informed health experts and avoiding the kind of contact that all but guarantees […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  7. Luxury home market still a bright spot

    Top-tier residences had sales growth in first two months of 2020 Gerv TacadenaCanadian Real Estate Wealth Top-tier residential properties recorded substantial sales growth over the first two months of the year, particularly in the Greater Toronto Area (GTA), Vancouver, and Montreal, according to the latest market update from Sotheby’s International Realty Canada. In GTA, residential […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  8. Do we have to continue paying strata fees in these tough times?

    No contingencies for a strata to defer fees Tony GioventuThe Province Dear Tony: Our strata council has been contacted by several owners asking if the strata corporation can defer strata fees until people can get back to work. We are not sure what options we have. Is this something the council has the authority to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Strata Information

  9. Skagen 606 Foster Avenue Coquitlam 52 three and four bedroom townhomes by Eighth Avenue Development Group

    Spacious townhomes, passive house design on offer at Skagen in Coquitlam Michael BernardThe Province As Metro Vancouver’s residential market continues to evolve, developers face the constant challenge of identifying and building new housing product that meets the needs of young families who have outgrown a condo but don’t want the maintenance or costs of a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2020
    Real Estate Related

  10. How May COVID-19 Impact Real Estate Prices?

    COVID-19 and Real Estate: How Home Prices changed During the 2008-2009 Recession Penelope Grahamother The last two weeks have ushered in a time of financial and public health uncertainty that’s unprecedented for many Canadians. As governments enact measures to keep the public safe from COVID-19 community spread, with the closing of schools, small businesses, and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2020
    Real Estate Related

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