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  1. Staying out of Negative Territory: BoC holds policy rate at .25%

    BoC held the interest rate at 0.25 percent Nicole McKnightother The Bank of Canada held the policy rate to .25% today. This hold was widely expected after the BoC emergency rate cut on March 27, when Stephen Poloz communicated that .25% is the effective lower bound. All 12 economists on Finder’s Bank of Canada interest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-04-2020
    Real Estate Related

  2. Pandemic Halts Sales Activity in March

    BCREA reports pre-pandemic sales up BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 6,717residential unit sales were recorded by the Multiple Listing Service®(MLS®) in March2020, an increase of 17.2per cent from March2019. The average MLS® residential price in BC was $789,548, a15.1per cent increase from $685,892recorded the previous year. Total […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-04-2020
    Real Estate Related

  3. Vancouver is seeing fewer home buyers from China

    Pandemic slows foreign home buyers Ephraim VecinaCanadian Real Estate Wealth The influx of Chinese home buyers in Vancouver has noticeably thinned over the past month, according to a recent RE/MAX analysis. “With the closing of national and international borders as a response to the pandemic, real estate players within the metro Vancouver market have noticed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-04-2020
    Real Estate Related

  4. Challenges Ahead – Read My Latest Market Update

    April 2020 – Latest Market Update Tony Iannetti other Home buyer demand continued to outpace supply up until halfway into March and then levelled off significantly since then.   Inventory levels were and continue to be below the seasonal averages and home prices were on a steady rise.  The impact on the demand from the COVID-19 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-04-2020
    Real Estate Related

  5. National Home Sales and Listings Drop Sharply in March: CREA

    National sales and new listings were stifled in March The Vancouver Sun National sales and new listings were stifled in March, as home buyers and sellers across the country remained on the sidelines in the second half of the month in reaction to healthcare and economic measures to combat COVID-19.  Although sales crept up 7.8 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-04-2020
    Real Estate Related

  6. Royal LePage forecasts ‘remarkably stable’ home prices during pandemic

    Low sales and low inventory has stabilized the market REM Royal LePage is forecasting that if COVID-19 stay-at-home restrictions are eased during the second quarter, house prices will finish the year up by one per cent year-over-year, to an aggregate value of $653,800. If the restrictions continue through the summer, the negative economic impact is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-04-2020
    Real Estate Related

  7. Bank of Canada interest rate forecast report

    Economists weigh in on negative rates, Fiscal measures, Housing affordability other The Bank will hold the overnight rate on April 15, according to economists on Finder’s BoC Interest Rate Forecast panel; a decision 92% or 11 of 12 agree with. Just one panellist, Professor of Economics at Concordia University, Moshe Lander, thinks the Bank should […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-04-2020
    Real Estate Related

  8. House of Commons passes $73 billion wage subsidy bill

    The Trudeau government and opposition have passed the wage subsidy bill Joan BrydenThe Province  The House of Commons has approved a massive $73-billion wage subsidy program aimed at helping businesses and workers survive the economic ravages of the COVID-19 pandemic. A bill to implement what Prime Minister Justin Trudeau called the most significant economic program […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-04-2020
    Real Estate Related

  9. House of Commons passes $73 billion wage subsidy bill

    The Trudeau government and opposition have passed the wage subsidy bill Joan BrydenThe Province  The House of Commons has approved a massive $73-billion wage subsidy program aimed at helping businesses and workers survive the economic ravages of the COVID-19 pandemic. A bill to implement what Prime Minister Justin Trudeau called the most significant economic program […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-04-2020
    Real Estate Related

  10. Dust off your cybersecurity toolkit

    Last Pass… other Dust off your cybersecurity toolkit With an increased amount of time being spent online, it’s more important than ever to get up to speed on the cybersecurity routines that will keep you and your family secure. So let’s freshen up on some best practices that should be top of mind throughout every […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-04-2020
    Technology Related Articles

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