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  1. Top 5 reasons Canadians are confident about housing market

    Five reasons Canadians have little reason to fear a housing crash Clayton JarvisMortgage Broker News Whether they take place during a pandemic-fuelled recession or during a period of sustained economic expansion, record-shattering home sales in Canada always seem to be accompanied by the same phenomenon: talk of the country’s “inevitable” housing crash. Questioning the logic […]

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

  2. Top 5 reasons Canadians are confident about housing market

    Five reasons Canadians have little reason to fear a housing crash Clayton JarvisMortgage Broker News Whether they take place during a pandemic-fuelled recession or during a period of sustained economic expansion, record-shattering home sales in Canada always seem to be accompanied by the same phenomenon: talk of the country’s “inevitable” housing crash. Questioning the logic […]

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

  3. Federal government mandates rental extension

    CECRA extended for the last time Ephraim VecinaCanadian Real Estate Wealth The Liberal administration will be extending its pandemic fiscal assistance program for small businesses to help beleaguered ventures cover September rent costs. Initially slated to end back in June, the Canada Emergency Commercial Rent Assistance (CECRA) mandates governments to shoulder 50% of rent, while […]

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

  4. Rents extends ban on small business eviction, Ontario government

    Ontario government extends ban on small business evictions Ephraim VecinaCanadian Real Estate Wealth The Ontario government has announced the extension of its ban on small business evictions, which expired on Aug. 31. The policy was put in place to assist businesses who have been struggling under the worst economic impacts of the COVID-19 pandemic. “We’re […]

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

  5. Canadians have around 500,000 mortgage on payment deferral with the Big Six

    Canadians have more than 500,000 payment deferrals with the Big Six Ephraim VecinaCanadian Real Estate Wealth At the Big Six banks alone, Canadians have around 510,530 mortgages on payment deferral as of the quarter ending July 31, falling by 17.53% from the previous quarter. Royal Bank of Canada accounted for the largest slice of the […]

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

  6. BC’s Housing Market remains strong amidst Covid-19 Pandemic-BCREA

    “The Unusual World of Pandemic Economics? ? Why BC?s Housing Market Remains Strong Despite COVID-19 BCREABCREA Vancouver, BC – September 9, 2020. The British Columbia Real Estate Association’s (BCREA) latest Market Intelligence report, The Unusual World of Pandemic Economics, points to uneven job losses across sectors, an increase in many households’ rate of savings, swift […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2020
    Real Estate Related

  7. Canadian housing market price increases faster than anyone predicted

    Home price increases: A temporary shock for Canadian buyers? Kasi JohnstonMortgage Broker News The Canadian real estate market is recovering much faster than anyone predicted. The average price of a Canadian resale home in June was $539,000, up from 6.5% the year before, according to the Canadian Real Estate Association. Home sales in June rebounded […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2020
    Real Estate Related

  8. Covid-19 heading Canada to a recession, painting worst case scenario- wealth manager

    Current recession exceeds BoC’s worst-case scenario ? wealth manager Ephraim VecinaMortgage Broker News

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2020
    Real Estate Related

  9. Dr. Bonnie Henry issued effective immediately liquor ban 10 p.m onwards and nightclubs close

    Dr. Bonnie Henry issues last call for nightclubs WI StaffWestern Investor B.C. Provincial Health Officer Dr. Bonnie Henry announced that, effective immediately, all liquor sales in bars must end by 10 p.m., and all nightclubs must close   After more than 400 new cases of COVID-19 were confirmed in a four-day period across B.C., new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2020
    Real Estate Related

  10. Landlords are allowed to raise rents up to 1.4 percent starting December 2020, B.C

    B.C. rents can rise just 1.4 per cent after freeze ends Glen KorstromWestern Investor Residential rental rate freeze ends in December but landlords will have to keep rental increases at low level into next year, province says The B.C. government plans to end its freeze on rent increases starting in December, 2020. Starting in 2021, landlords […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2020
    Real Estate Related

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