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  1. Re/Max challenges CMHC home price projections

    Canadian real estate prices will remain stable Ephraim VecinaCanadian Real Estate Wealth Housing industry players are opposing Canada Mortgage and Housing Corporation’s dire forecast of an 18% decline in home prices over the next 12 months, claiming that demand remains elevated and inventories continue to hover near record lows. “Assuming that demand continues its current […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-05-2020
    Real Estate Related

  2. Nanos – Consumer confidence in housing market still low

    Nanos Canadian Confidence Index Ephraim VecinaCanadian Real Estate Wealth While Canadian consumer confidence is steadily recovering, the same cannot be said about the public’s views towards the housing market, according to the latest Bloomberg Nanos Canadian Confidence Index. Polling found that 48.54% of respondents are anticipating a decline in home prices within the next few […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-05-2020
    Real Estate Related

  3. Heritage home spurs bidding war amid pandemic real estate slump

    Bidding war erupts for heritage home during the pandemic John Mackie The Province Real estate listings, and sales, have plunged during the COVID-19 crisis. But some properties are still selling. Realtor David Richardson recently listed a handsome heritage home at 2120 East Pender for $1.588 million. Open houses have been nixed during the crisis, so […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-05-2020
    Real Estate Related

  4. Stress test 2.0? What a 10% minimum down payment requirement would mean for Canadian buyers

    A 10 percent minimum down payment would have a chilling effect on business Ephraim VecinaMortgage Broker News Canadian Mortgage and Housing Corporation CEO Evan Siddall’s recent address to the Standing Committee on Finance contained a plethora of negative projections, from housing prices falling by 18 percent to one-fifth of all Canadian mortgages being in arrears […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-05-2020
    Real Estate Related

  5. Expect rapid post-pandemic recovery – BoC’s Poloz

    Quick recover expected post pademic Ephraim VecinaMortgage Broker News Despite multiple headwinds and the continuous ravages of COVID-19, Canadian market activity and purchasing power will be able to recover quickly after the outbreak eases, according to outgoing Bank of Canada Governor Stephen Poloz. “We have to be able to manage the risks around those things, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-05-2020
    Real Estate Related

  6. Who will buy Vancouver housing in a time of COVID-19?

    Metro real estate in for a wake-up call Douglas ToddThe Vancouver Sun More condominiums and houses are under construction in Metro Vancouver than ever before. But who is going to buy them — let alone live in them — in an era mutated by COVID-19? Who will come forward when a global lockdown has pummelled […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-05-2020
    Real Estate Related

  7. Why it’s time for companies to change or be changed

    Shifting landscape won’t necessarily be devastating, Kevin Carmichael writes Kevin CarmichaelThe Vancouver Sun It’s a bad time to be a maker of expensive clothes – just ask a maker of expensive clothes. “Tailored clothing is probably going to be near the bottom of people’s priorities,,, said Stephen Granovsky, chief executive of Toronto-based Luxury Men’s Apparel […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-05-2020
    Other News Articles

  8. Some business better off staying closed

    This crisis isn?t over for BC businesses Western Investor Some Metro Vancouver businesses could be better off staying closed than risk re-opening during the second phase of the B.C.’s government’s plan to safely and gradually re-open the economy. “This crisis isn’t over for BC businesses. You can go out of business much faster with a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-05-2020
    Real Estate Related

  9. Key trends indicate slower housing market for rest of 2020

    Housing may decrease due to reduced immigration Ephraim VecinaMortgage Broker News Flagging immigration numbers along with much-reduced purchasing power will pull down market activity for the rest of the year, according to the latest Teranet-National Bank of Canada House Price Index. The steep climb in national unemployment numbers – from February’s 5.6% to 13% in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-05-2020
    Real Estate Related

  10. Why does CMHC’s Evan Siddall think Canada is headed for a ‘deferral cliff’?

    One in five mortgages could be in arrears by September Clayton JarvisMortgage Broker News In comments delivered to the Standing Committee on Finance on Tuesday, Canadian Mortgage and Housing Corporation CEO Evan Siddall laid out a potentially bleak scenario for the country’s homeowners. Siddall told parliamentarians that by September, if Canada’s economic recovery fails to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-05-2020
    Real Estate Related

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