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  1. Household debt growth outstripping all other debt types

    BoC analysis makes Canadian household debt most vulnerable Ephraim VecinaMortgage Broker News Over the last few decades, household debt growth accelerated faster than every other debt class, according to real estate information portal Better Dwelling. Citing data from the Bank of Canada, the analysis said that the trend “makes Canadian households [among] the most vulnerable” […]

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

  2. Bank of Canada to drop qualifying rate

    BoC to reduce the qualifying rate ten basis points Clayton JarvisMortgage Broker News The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent, sources tell Mortgage Broker News. After the decrease, which is expected to be announced by Monday, the five-year fixed mortgage rate will have […]

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

  3. What if your staff isn’t comfortable working from home?

    Working from home can create new anxieties Clayton JarvisMortgage Broker News Working from home isn’t for everybody. But with the country only gradually reopening and COVID-19 still a threat to both public health and the economy, mortgage companies will be forced to consider keeping their work-from-home structures in place for the foreseeable future. For brokers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-05-2020
    Real Estate Related

  4. Virtual home staging thrives during pandemic

    Virtual staging has blossomed during the pandemic Diane SlawychREM Every industry has been affected by COVID-19 in one way or another. And while the fallout has mostly been negative, one niche business that has experienced a positive impact is that of virtual staging. For Young Kim, founder of Vancouver-based Bella Staging, business had been ramping […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-05-2020
    Real Estate Related

  5. How the pandemic will reshape the rental market

    Post-COVID-19 could bring about some changes Paul DanisonREM How long has it been since we began hearing these words every day: COVID-19, coronavirus, pandemic? How long before we try to forget them? Who knows – it could be awhile. But the new words will probably change us – change the way we live, play and work, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-05-2020
    Real Estate Related

  6. Conservative MPs urge feds to eliminate First-Time Homebuyer Incentive

    First-Time Homebuyer Incentive inadequate Clayton JarvisMortgage Broker News On May 12, two Conservative MPs addressed their concerns over the federal First-Time Homebuyer Incentive in an open letter addressed to Canada Mortgage and Housing Corporation CEO Evan Siddal and Minister of Families, Children and Social Development, Ahmed Hussen. The letter’s authors, Tom Kmiec and Stephanie Kusie, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2020
    Real Estate Related

  7. COVID-19 will create new real estate winners

    A shift to work from home helps to improve productivity Conor SenBloomberg The coronavirus is going to change the way we work whether we like it or not — at least for the short term and maybe longer. To take just one example: Twitter said it would let employees work from home even after the Covid-19 crisis has passed. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2020
    Real Estate Related

  8. Redfin co-founder sues company

    Violated patents basis of law suit Ryan Smithother Online real estate brokerage is being sued by one of its own co-founders, who says the company has violated his patents for years. Redfin co-founder David Eraker is suing the company, claiming that its alleged violations of his patents has cost him millions of dollars, according to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2020
    Real Estate Related

  9. Make updates and reduce risks to tame rising insurance cost

    Reduce risks, make updates to curb rising insurance cost Tony GioventuThe Province Dear Tony: Our Langley condo renewed our insurance policy in April and the maximum amount of coverage we can obtain is only 70 per cent of our replacement value with a $500,000 deductible. I admit we are an older building and have some […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-05-2020
    Strata Information

  10. Altus 1526 Finlay Street White Rock 126 homes in a 13 storey building by Oviedo Properties Ltd

    Altus homes in White Rock highlight views of the ocean and mountains Michael BernardThe Province Sometimes you have to have patient money to end up with the best of all worlds, even in a highly desirable place like the popular seaside community of White Rock. Kanwar Dhamrait spent six years assembling a parcel of seven […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-05-2020
    Real Estate Related

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