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  1. Office and industrial tenants seek fewest rent relief

    Less than 20 per cent of tenants seek rent relief Frank O’BrienWestern Investor Office and industrial sectors saw the fewest tenants seeking rent relief in April, while requests for rental help is exploding among retail tenants due to COVID-19 closures, according to a national survey released May 1. Colliers Real Estate Management Services (REMS) undertook […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2020
    Real Estate Related

  2. Don’t cut corners to accommodate hardships

    A strata council doesn’t have the authority to undo a decision Tony GioventuThe Province Dear Tony: Our strata council has decided to defer strata fees for several months during the COVID-19 restrictions. Of the seven council members, five are people who are off work for the short term, but the remainder of owners who are […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2020
    Strata Information

  3. The Hillcrest 188 West King Edward 17 stacked townhomes by Vertex Developments

    Family-friendly townhomes with chef-inspired kitchens at The Hillcrest Michael BernardThe Province The developers of The Hillcrest knew they wanted the kitchens in their 17-unit townhouse complex in central Vancouver to be the most efficient they could build, so they called in award-winning chef David Robertson to review their initial designs. Robertson, whose Dirty Apron restaurant […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2020
    Real Estate Related

  4. More Listings Now Showing Price History on REALTOR.ca

    Sold data now available on CREA other On April 15, the Kamloops and District Real Estate Association (KADREA) and the Kootenay Association of REALTORS® (KAR) became the first real estate boards in British Columbia to display historical sold prices on REALTOR.ca. Consumers, boards and members have been asking to see historical sold data on REALTOR.ca […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2020
    Real Estate Related

  5. COVID-19 brings Canada’s commercial mortgage market to a halt

    Commercial mortgages flattened with bank withdrawal of loans Ephraim VecinaMortgage Broker News The Canadian commercial mortgage market’s enviable run of stability has hit a wall with the advent of the coronavirus pandemic, according to a recent report by CMLS Financial. “After two quarters of nearly flat commercial mortgage spreads, March saw the largest shift in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-04-2020
    Real Estate Related

  6. House prices will fall 10% before recovery: Moody’s

    Western markets will take worst hit, but some analysts see a rebound as early as June Frank O’BrienWestern Investor Housing sales, prices and starts across Canada will plunge this year and stay muted for at least a year, with Western provinces taking the worst hit, according to Moody’s Analytics. Other analysts, however see a more […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-04-2020
    Real Estate Related

  7. Scotiabank preparing for widespread post-pandemic changes

    Bank of Nova Scotia will have a ?new normal? Ephraim VecinaMortgage Broker News The Bank of Nova Scotia is not expecting a return to the “old normal” once the global coronavirus outbreak subsides. Scotiabank said that the resumption of its operations will depend largely on how Canada fares after the crisis. “Re-entry plans will differ […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-04-2020
    Real Estate Related

  8. Manufacturers swivel to arm front-line workers

    At least a dozen Surrey firms now making masks, shields and sanitizer for virus battle Frank O’BrienWestern Investor At least a dozen Surrey manufacturers, including a brewery, have retooled to produce essential medical and personal protective equipment (PPE) during the pandemic. The companies have the capacity of producing up to 32,000 face shields, 40,000 reusable […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-04-2020
    Other News Articles

  9. Reduced purchasing power more apparent in Canada’s largest markets

    Unemployment biggest impact on housing market Ephraim VecinaCanadian Real Estate Wealth Unemployment has a disproportionate impact on the country’s largest housing markets, according to new Statistics Canada figures. Across Canada, the employment sector declined by 5.3% from February to March, representing more than 1 million lost jobs. The unemployment rate rose to 7.8%, spurred by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-04-2020
    Real Estate Related

  10. Small landlords bear brunt of chaotic rental scene

    Across Canada tenants miss pay rent Frank O’BrienWestern Investor As the COVID-19 pandemic continues to devastate the Canadian economy, small landlords – who account for the majority of rental units in western cities – are being hammered particularly hard. With evictions banned, up to 45 per cent of B.C. tenants in some buildings did not […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-04-2020
    Real Estate Related

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