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  1. Quarter-acre East Vancouver land parcel assembled for $6.6M

    Parcel in Little Mountain area has potential for more than 35,000 square feet of multi-family development Stanley Chiu Howard Mak Gammon Western Investor A 0.25-acre land assembly in the Little Mountain area of East Vancouver, zoned for increased density, has been bought for $6.6 million, reports Gammon International Real Estate Corp. The parcel has potential […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  2. Some buyers plan to be big fish in a smaller pool of competition

    With less competition some buyers are looking for advantages Steve RandallREP With disruption to the Canadian real estate market due to the coronavirus crisis, some buyers are seeing an opportunity. An expected slowdown in activity means less competition for those still keen to buy, although for sellers it may mean some tough tactics being deployed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  3. Canadian consumer confidence takes unprecedented slump

    Index of Consumer Confidence slumped 32 points Steve RandallREP A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. The Conference Board of Canada’s Index of Consumer Confidence slumped 32.0 points this month, an unprecedented decline. There were no positives, with every region posting double-digit decreases and each question […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  4. Investor demand for apartments heightens in Vancouver

    Multi-family homes on investor radar Gerv TacadenaThe Vancouver Sun The investor demand for multi-family homes in Metro Vancouver appears to have surged after the recent lending-rate cuts, according to Western Investor. The sudden interest in apartment buildings came amid the growing concerns about the potential impacts of the COVID-19 outbreak on the economy, said Mark […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  5. Open houses in the time of COVID-19

    Online transactions and a “no open house” policy will be in effect until the end of the pandemic Duffie OsentalMortgage Broker News As new cases of COVID-19 increase across Canada, health officials are urging people to practice “social distancing” by keeping around two metres away from others, causing many real estate agencies to cancel open […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  6. RE/MAX to continue working with mortgage brokers during COVID-19 pandemic

    Real estate agents will be limiting contact with mortgage brokers Duffie OsentalMortgage Broker News RE/MAX has announced that it will, as of now, remain open for business during the COVID-19 pandemic and will continue to work with mortgage brokers. However, it will also be taking several precautions in line with recommendations from various health agencies […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  7. CIBC: Central bank’s medicine is a salve for credit markets

    BoC makes sure banks can still lend money Mortgage Broker News The Bank of Canada has escalated its efforts to make sure the country’s banks can still lend during the coronavirus crisis. It’s working, according to a CIBC strategist. “The potency of the measures introduced is so strong because we have yet to see strains […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  8. Trudeau unveils $82 billion COVID-19 stimulus

    Prime Minister announces initiative to help during COVID-19 crisis Phil HallMortgage Broker News Prime Minister Justin Trudeau has announced an $82 billion initiative to help individuals and businesses weather the economic tumult created by the COVID-19 pandemic. “The measures we are announcing today will provide up to $27 billion in direct support to Canadian workers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  9. February home prices up 0.4%

    The composite house price index saw a 0.4% increase in February home prices Phil HallMortgage Broker News The latest data from the Teranet-National Bank Composite House Price Index found home prices in February were up 0.4%, which is double the average rise of the last 10 months of February. The component indexes were up for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Real Estate Related

  10. Managing through a crisis

    Large gatherings are prohibited, how do we make decisions? Tony GioventuThe Province Dear Tony: Our strata corporation is 125 units and we have an upcoming annual general meeting that is going to be critical as we need to approve a significant increase in our budget to cover our insurance. We do have a common room […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2020
    Strata Information

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