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  1. COVID-19 might kill the rental property industry

    The net profit from a rental property is minimal Chris SeepeREM The financial situation of every rental property is as different as a fingerprint. Every operator applies their level of experience, understanding, operating sophistication and personal values of what’s most important to them in owning and operating a rental property. Therefore, the numbers below can […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  2. What’s fuelling Canadians’ demand for reverse mortgages?

    Cash strapped owners seeking reverse mortgages in the land of COVID-19 Clayton JarvisMortgage Broker News As ready as Canadians are to move on from the past two months of COVID-19 coverage, disruption and distress, there are few signs that a return to normal is imminent. The Canadian Federation of Independent Business is predicting “tens of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  3. CMHC braces for multi-year impact of the coronavirus outbreak

    Any long-term predictions will be inherently unreliable – CMHC Ephraim VecinaMortgage Broker News As the COVID-19 pandemic continues to wreak havoc on global markets, Canada Mortgage and Housing Corporation (CMHC) said that the housing sector will see pre-recession prices only after three years, at the earliest. CMHC Chief Economist Bob Dugan said that any long-term […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  4. Reverse Mortgages being used as a financing option to aid family in the wake of COVID-19

    Millennials are feeling the burn from COVID-19 due to lost jobs Kasi Johnston Mortgage Broker News In one way or another, we have all been impacted by the coronavirus. In fact, almost two-thirds of Canadian households suffered from loss of income due to job losses or temporary layoffs and furloughs. While negative impact is recognized […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  5. Distressed landlords are flocking to the alternative sector – analyst

    Alternative lenders sought by landlords in distress Ephraim VecinaMortgage Broker News The alternative lending sector is seeing a growing contingent of landlords seeking help as banks are turning them away amid the COVID-19 pandemic, according to analysts. With the economic situation unlikely to normalize over the next few quarters, the market should brace itself for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  6. Moving in the midst of COVID-19

    The moving experience has changed exponentially Connie AdairREM Moving is stressful at the best of times, but for residential and business clients who have the added pressure of worrying about COVID-19 and associated restrictions, it can take a toll. Being able to relate what the moving experience might look like, and how to go about […]

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

  7. Real estate market to rebound due to Pent up demand in Last Qtr Defying COVID-19 pressures, average prices might climb – Altus Group

    Defying COVID-19 pressures, average prices might climb Ephraim VecinaMortgage Broker News Canada’s home prices are still likely to see a 5%-10% annual gain by year-end, according to Altus Group chief economist Peter Norman. In an interview with The Financial Post, Norman said that despite the COVID-19 travel restrictions that have ground the entry of wealthy […]

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

  8. Airbnb owners will be forced to sell – COVID-19 immigration to weigh upon Vancouver prices

    COVID-19 immigration to weigh upon Vancouver prices – analyst Ephraim VecinaMortgage Broker News The single most important factor that would affect Vancouver’s sky-high housing prices is the coronavirus pandemic’s impact on immigration, according to veteran markets observer Douglas Todd. With immigration accounting for roughly 85% of Metro Vancouver’s population increase in recent years, the global […]

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

  9. Reduced selling will propel post-COVID-19 recovery – TD Economics

    Listings mirror sales by dropping in the near term Ephraim VecinaMortgage Broker News A vital component of the Canadian housing sector’s post-coronavirus recovery phase is homeowners refraining from selling their assets, according to TD Economics. “Absolutely key to our forecasts is the assumption that listings mirror sales by dropping substantially in the near term and […]

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

  10. Housing will bear the full impact of COVID-19 by next year – CIBC

    The impact of the coronavirus outbreak on the value of Canadian housing will fully manifest by next year Ephraim VecinaMortgage Broker News The impact of the coronavirus outbreak on the value of Canadian housing will fully manifest by next year, according to economists with the Canadian Imperial Bank of Commerce (CIBC). “The expected volatility in […]

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

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