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  1. COVID-19 to push the housing sector on a downward slope – Moody’s

    Market growth and activity in the Canadian housing sector will trend downward this year Ephraim VecinaMortgage Broker News Market growth and activity in the Canadian housing sector will trend downward this year amid the sustained economic impact of the coronavirus outbreak, according to a recent study by Moody’s Analytics. In its “Canada Housing Market Outlook: […]

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

  2. Survey says majority of realtors expect COVID-19 to shrink business by at least 50%

    Point2 Homes survey shows realtors very worried Clayton JarvisMortgage Broker News In news that will do little to calm the nerves of antsy mortgage professionals, data released by Point2 Homes on Monday finds sentiment among real estate agents around COVID-19’s impact on their businesses to be one of pessimism and extreme concern. The survey, which […]

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

  3. Metro Vancouver home sales hit 38-year low in April, prices hold steady

    Last month’s home sales were 62.7 per cent below the 10-year April sales average Scott Brown The Province COVID-19 social-distancing measures led to April home sales dropping to a 38-year low in Metro Vancouver, according to the Real Estate Board of Greater Vancouver. April home sales totalled 1,109, which is a 39.5 per cent decrease […]

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

  4. REBGV 2019 Annual Report

    Information on REBGV activities and accomplishments REBGV Our annual report is dedicated to informing you on the activities and accomplishments of your professional association over the last year. Last year was the REBGV’s 100th year in business. While 2019 was an occasion to celebrate our centennial and honour our history, our primary focus was on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-05-2020
    Real Estate Related

  5. Toronto Region Homes Sales in Steep Double-Digit Decline Due to COVID-19: TRREB

    Toronto homes sales declined 67% other With provincial and public health safety measures in full effect, COVID-19 expectedly slowed down housing market activity across the Toronto Region this April. Home sales across the region declined 67 per cent, with 2,975 residential transactions taking place throughout the month, according to the latest report from the Toronto […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-05-2020
    Real Estate Related

  6. COVID-19 crisis set to hammer Metro housing prices

    REBGV maintains real estate market will rebound Douglas ToddThe Vancouver Sun The official, optimistic message from the Real Estate Board of Greater Vancouver at first sounds plausible. The REBGV maintains with confidence that “pent-up demand” for housing, combined with low interest rates, will re-energize Metro Vancouver’s dormant real estate market once the COVID-19 lockdown ends […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2020
    Real Estate Related

  7. Missed mortgage payments will be disastrous for Vancouver

    Property tax delinquency a possibility Ephraim VecinaMortgage Broker News Vancouver might run into a significant budget deficit soon, as only 55% of homeowners said that they would be able to pay their mortgages in full this month, according to Mayor Kennedy Stewart. Citing a recent online survey by the municipal government, Stewart said that only […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2020
    Real Estate Related

  8. There’s no such thing as a balanced market

    It is either a seller’s market or a buyer’s market Paul MarangerREM You can’t dance at two weddings at the same time. In terms of real estate, I would say this saying could refer to a balanced market. Is there even such a thing as a long-term balanced market? I would suggest that the short […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2020
    Real Estate Related

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