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  1. Pre-construction condo investors need to be vigilant both seller and buyer

    Careful, pre-construction condo investors. Lenders don’t like funding assignments Clayton JarvisMortgage Broker News Readers of Mortgage Broker News will be all too familiar with the pitch from realtors who specialize in pre-construction condo sales: Put down your deposit, sit back and watch as that piece of paper appreciates faster than any completed condo unit in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-10-2020
    Real Estate Related

  2. Vancouver housing market sales up nearly 54% in mid-October as recovery continues

    Vancouver home sales up nearly 54% in mid-October as recovery continues Sean MacKayLivabl As of the middle of October, 1,741 homes have changed hands in the Vancouver region, up nearly 54 percent from the first half of the month last year. It’s a strong signal that the region’s housing market will deliver more remarkable figures […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-10-2020
    Real Estate Related

  3. First prime 40 storey luxury high rise tower in Burnaby

    Akimbo is Redefining the Skyline in Brentwood Michelle HopkinsREW Burnaby’s first super prime tower offers a new level of luxuryBrentwood has really grown up. Today, this is a sought-after neighbourhood with great outdoor cafes, fabulous shopping, parks, trails, recreational amenities, and a historic business district, all within walking distance. This is where family-owned developer IMANI […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-10-2020
    Real Estate Related

  4. Multi level retail/office sold for $31.2 million in Vancouver

    Vancouver 0.21-acre commercial site sells for $31.2 million Lee & AssociatesWestern Investor Off-market deal involves multi-level retail/office building on West Hastings Street.   Type of property: Retail Location: 475 West Hastings Street, Vancouver Size of property: 9,360 square feet Land size: 0.21 acres Zoning: DD (Downtown district) Sale price: $31.25 million Type of deal: Off-market transaction Date of sale: August 29, 2020 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2020
    Real Estate Related

  5. Immigration plunge affecting Vancouver’s rental market

    Vancouver rents fall as immigration goes negative Frank O’BrienWestern Investor  — East Vancouver 16-suite rental building sold for $5 million.| Goodman Commercial Net immigration to British Columbia has gone negative, plunging 111 per cent in the first half of this year compared to the first six months of 2019, adding to concerns in the rental […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2020
    Real Estate Related

  6. Travel industry is among the highest affected industry in Covid-19

    WestJet drops most Atlantic Canada flights after demand ‘obliterated’ by travel restrictions Barbara Shecterother Eliminates almost 80 per cent of seat capacity from the Atlantic region — after airline boosted routes thereWestJet president and CEO Ed Sims: The demand for travel has been “severely limited by restrictive policies and third-party fee increases” on top of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2020
    Real Estate Related

  7. Canadian housing market facing a biggest housing bubble risk

    Canada, home of North America?s biggest housing bubble risk, defies pandemic with price hikes across the country Ari Altstedterother Median home price expected to reach $693,000 by the end of the year, a 7 per cent increase from the end of 2019he median home price in Canada is expected to reach $693,00 by the end […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2020
    Real Estate Related

  8. Stunning architectural design of a 55-storey condo tower approves by Vancouver council

    Vancouver council approves 55-storey condo tower WI StaffWestern Investor Artist rendering of curvy 535-foot tower. | Jyom Architecture Vancouver council has approved a 55-storey condo tower that will be the fourth-highest tower in the city. The September 30 decision approved the slender, curvy 535-foot tower that is set to be the second bookend for a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2020
    Real Estate Related

  9. Vancouver housing market is now shifted back into seller’s market territory

    Vancouver housing is now firmly in seller?s market territory Sean MacKayLivabl What a difference a year makes. Last October, it was buyers who were calling the shots in the Vancouver region’s housing market as higher detached home inventory tipped the balance away from sellers. Now, after an anxiety-ridden spring and a remarkable summer bounce back, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2020
    Real Estate Related

  10. Covid-19 challenge the real estate market will this be an indication of slow real estate market?

    Will a pause in open houses slow Ontario’s raging real estate market? Clayton JarvisMortgage Broker News  On Friday, the Ontario Real Estate Association called on the province’s realtors to put a temporary halt to open houses. The recommendation came just hours before the province announced that it had recorded 939 new COVID-19 infections, smashing the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-10-2020
    Real Estate Related

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