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  1. Canadian inflation rate remains firm in August

    Annual inflation rate unchanged in August Ephraim VecinaMortgage Broker News The Canadian annual inflation rate was static at 0.1% in August, with rising food prices counteracted by weakening gasoline costs, according to Statistics Canada. An earlier poll by Reuters predicted that the rate would stay at 0.1%, essentially unchanged from the July reading. This was […]

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

  2. As Pandemic goes on, what should Canadians strategic plan with their U.S. properties?

    As COVID-19 drags on, what should Canada’s snowbirds do with their U.S. properties? Clayton JarvisMortgage Broker News

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

  3. B.C Economic Recovery Plan fails to offer help for small businesses

    B.C. economic recovery plan misses Main street: CFIB WI StaffWestern Investor Province’s $1.5 billion pitch falls short on the immediate needs of many small businesses, says Canadian Federation of Independent Business any B.C. retailers forced to close during pandemic: Chung Chow The B.C. Economic Recovery Plan, introduced September 17, includes $1.5 billion in new spending, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2020
    Real Estate Related

  4. 200 rental apartments with industrial and offices soon to rise at Main Street and East First Avenue

    First tri-mix building underway in False Creek Flats WI StaffWestern Investor  Vancouver’s first real estate development considered a ‘tri-mix,’ combining residential apartments with offices and industrial space has launched in the False Creek Flats. Hungerford Properties and QuadReal Property Group say the new, ultra-mixed-use project at the corner of Main and East 1st Avenue offers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2020
    Real Estate Related

  5. B.C Multi-family rental building insurance increase while raise rents is frozen

    Landlords squeezed as insurance premiums skyrocket Frank O’BrienMortgage Broker News

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2020
    Real Estate Related

  6. Opendoor a distruptive online marketplace for buying and selling houses

    Palihapitiya finds next ?10x idea? with $4.8 billion SPAC deal for real estate start-up Opendoor Leslie Pickerother  Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisition companies — an idea he’s called “IPO 2.0.”  After his first iteration of doing so last year with space-tourism company Virgin Galactic, he’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2020
    Real Estate Related

  7. Equifax’s new mortgage inquiry process guidelines started effectively today

    It’s here: Equifax’s new inquiry process begins today Clayton JarvisMortgage Broker News Unless you’re one of those unique Mortgage Broker News readers who has been living in a hole for the past five months – and, considering the state of the world, who can blame you if you were? – you are likely aware that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-09-2020
    Real Estate Related

  8. CMHC: Mortgage payment will significantly increase once deferral program end this fall.

    CMHC: Around $1bn in mortgage payments have been deferred each month during pandemic Ephraim VecinaMortgage Broker News Approximately $1 billion in mortgage payments were deferred every month during the COVID-19 pandemic, according to the Canada Mortgage and Housing Corporation. In its annual residential mortgage industry report released late last week, CMHC said that the average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-09-2020
    Real Estate Related

  9. CMHC: Canada’s housing activity peak to its highest level since 2007

    CMHC: Housing starts activity reaches highest point in 13 years Ephraim VecinaMortgage Broker News A surge in multiple-unit home construction boosted Canada’s housing starts activity to its highest level since 2007, according to new data from the Canada Mortgage and Housing Corporation. Nationwide, housing starts increased by almost 7% month over month in August, with […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2020
    Real Estate Related

  10. Mortgage stress rest must be updated to reflect market realities? economist

    Stress test must be revised to reflect market realities ? economist Ephraim VecinaMortgage Broker News Improved purchasing power will stem from the mortgage stress test being updated to reflect the sub-2% rates currently available in the market, according to economist Will Dunning. The disparity is particularly jarring when one considers that new borrowers are tested […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2020
    Real Estate Related

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