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  1. Will the new CMHC plan on Rapid Housing Initiative can stimulate the economic recovery?

    New CMHC initiative to focus on rapid creation of new housing supply Ephraim VecinaMortgage Broker News The Canada Mortgage and Housing Corporation has announced its new Rapid Housing Initiative (RHI), which is intended to address urgent housing needs and stimulate further economic recovery through the rapid creation of new housing units. Complementing the National Housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2020
    Real Estate Related

  2. Pandemic increases industrial properties interest

    Soaring industrial land prices define a strong sector Frank O?BrienWestern Investor A 2.4-acre vacant industrial site in Port Coquitlam didn’t last long on the market this September when it was listed by Cushman & Wakefield at $9.9 million. “Our purchaser actually saw the for-sale sign being installed, and immediately called us,” said Nick Goulet of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2020
    Real Estate Related

  3. CMHC predicted home prices could fall 18 percent due to pandemic

    Short-term real estate prices in Canada to be “flat to ten percent lower” ? LowestRates.ca CEO Clayton JarvisMortgage Broker News According to a recent report by mortgage comparison site LowestRates.ca, the rocket the Canadian real estate market has been strapped to for the past four months will soon be subject to the multiple gravities of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-09-2020
    Real Estate Related

  4. Canadian Millennials are more optimistic purchasing home despite of Pandemic

    Scotiabank: Millennials hopeful about buying homes despite COVID-19 Ephraim VecinaThe Vancouver Sun Compared to other demographics, Canadian millennials are more optimistic about purchasing a home during the COVID-19 pandemic, according to a new survey by the Bank of Nova Scotia. The 2020 Scotiabank Housing Poll found that around 18% of young Canadians in the 18-34 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-09-2020
    Real Estate Related

  5. Renters are facing the threat of eviction during Pandemic

    East Vancouver tenants threatened with eviction by indebted developer Ephraim VecinaMortgage Broker News Tenants in East Vancouver are being pushed out to make way for a residential project, but the developer is allegedly saddled with hundreds of millions in unpaid loans. Renters in the area’s Connacher House and The Carolina apartments are facing the threat […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-09-2020
    Real Estate Related

  6. Mayor Kennedy Steward viable plan for affordable homes in Vancouver

    A look at Mayor Kennedy Stewart’s plan for creating affordable homes in Vancouver Clayton JarvisMortgage Broker News On Monday, Vancouver mayor Kennedy Stewart announced an ambitious plan intended to “make Vancouver affordable for the middle class.” The Making HOME (Home Options for Middle-income Earners) initiative would allow for a single-family home to be redeveloped into […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-09-2020
    Real Estate Related

  7. 34-storey condo tower in downtown Kelowna

    Kelowna condo tower looks like investor play Frank O?BrienWestern Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-09-2020
    Real Estate Related

  8. Fed would keep near 0% rates for the foreseeable future

    Fed could keep rates near zero through 2023 Ryan Smithother

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-09-2020
    Real Estate Related

  9. BC Real Estate investment decline to its lowest level since 2015

    Avison Young: BC real estate investment at its lowest since 2015 Ephraim VecinaMortgage Broker News Investment in British Columbia’s commercial real estate in the first half of 2020 declined to its lowest level since 2015, bringing an end to a strong four-year run, according to a new report by Avison Young. A total of 84 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-09-2020
    Real Estate Related

  10. CREA: Home price shot up by 18.5%

    Royal LePage CEO: Supply shortage pushed home prices up 18.5% Ephraim VecinaMortgage Broker News Inventory shortages in major urban markets triggered an “unhealthy” spike in home prices in August, according to Phil Soper, chief executive officer of Royal LePage. Latest figures from the Canadian Real Estate Association showed that at present, it would only take […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-09-2020
    Real Estate Related

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