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  1. A discussion with OREA’s new president, Sean Morrison

    On February 25, Sean Morrison was named the new president of the Ontario Real Estate Association Clayton JarvisREP On February 25, Sean Morrison was named the new president of the Ontario Real Estate Association. Prior to his election as president, Morrison, who is also broker and manager for Coldwell Banker Momentum Realty and a member […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-03-2020
    Real Estate Related

  2. Mortgage stress test changes are on hold until further notice

    OFSI defers all financial changes to a later date Steve RandallMortgage Broker News The planned change and review of the mortgage stress test has slipped down the priority list for the Canadian government due to the COVID-19 coronavirus crisis. Until the outbreak, it was expected that Office of Financial Sanctions Implementation (OFSI) would consider changes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2020
    Real Estate Related

  3. How much do rental, leasing, and property management firms make?

    Canadian property management firms collected $115B Steve RandallMortgage Broker News Canadian residential and non-residential leasing and property management firms generated operating revenues of $115 billion in 2018, the latest year of stats released. Statistics Canada revealed the figures Friday showing that residential leasing generated $46.6 billion, up 5.6% year-over-year with operating expenses up 4.8% to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2020
    Real Estate Related

  4. Buy a home on an American floodplain and you’ll overpay

    Canadian real estate investors may be tempted to buy south of the border Steve RandallMortgage Broker News Canadian real estate investors and snowbirds may be tempted to buy south of the border now, as prices are climbing. But a new study warns that millions of US homes that are built on flood plains are overvalued, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2020
    Real Estate Related

  5. B.C. union calls for suspension of mortgage and rent payments until COVID-19 crisis ends

    BC government employees union wants to protect workers during crisis Jen St. Denis other A B.C. union is calling for the immediate suspension of mortgage and rent payments until the COVID-19 pandemic is over. Stephanie Smith, president of the BC Government Employees’ Union, said the demand is part of the union’s mission to protect workers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-03-2020
    Real Estate Related

  6. Emergency Bank of Canada rate cut will add fuel to housing sales

    Some variable-rate mortgage holders will be paying rates as low as 1.95 per cent Frank O’BrienWestern Investor A dramatic 0.50 per cent reduction in the Bank of Canada overnight lending rate on March 13 –  the second such cut in nine days – in response to the COVID-19 virus pandemic will “add fuel to the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-03-2020
    Real Estate Related

  7. Fed rate cut drives increase in loan applications on blockchain platform

    Mortgage applications jumped 300% Duffie Osentalother Tech firm Figure Technologies reported that loan applications through its Provenance blockchain platform increased by a whopping 300% since the Federal Reserve cut interest rates by half a percentage point last Tuesday. Last week’s rate cut was meant to prop up the US economy in the face of a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  8. Union Park 20712 82nd Avenue Langley 589 homes in four 6-storey buildings by Polygon

    Private amenities and a neighbouring park on offer at Polygon?s Union Park in Langley Simon BriaultThe Province UNION PARK Project location: 20712 82nd Avenue, Langley, B.C. Project size: 590 homes with between one and three bedrooms ranging in size from 540 to 1,080 square feet. One bedrooms priced from $339,900 and Twobedroom homes priced from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  9. Plaza of Nations landowner sues Concord Pacific president for $245M over alleged conspiracy

    Oei Hong Leong claims damages in alleged conspiracy to tie up prime Vancouver waterfront site in litigation and hamper development Darryl Greer Western Investor Singaporean billionaire tycoon Oei Hong Leong is suing Concord Pacific president Terry Hui over an alleged conspiracy to tie up valuable downtown waterfront property in litigation to hamper efforts to develop […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Real Estate Related

  10. Discuss insurance options in advance of renewal time

    Strata council has right to negotiate insurance Tony GioventuThe Province Dear Tony: Our strata corporation has just renewed our insurance policy. As part of the renewal our increases were 150 per cent for premiums, deductibles increased from $25,000 to $100,000, we have a loss limit now that covers only 35 million of our 55 million […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-03-2020
    Strata Information

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