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  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. Federal government extending Canada Emergency Commercial Rent Assistance (CECRA) rent for one month

    Commercial rent relief extended one month Emma Crawford HempelWestern Investor The federal government is extending the Canada Emergency Commercial Rent Assistance program for small businesses by one month.   The federal government announced September 8 that it is extending the Canada Emergency Commercial Rent Assistance (CECRA) program for small businesses by one month. Deputy Prime […]

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

  7. Arrears might go high as 0.53% in Q2 2021 if mortgage payment deferral aren?t extended- analyst

    Arrears rate might double without deferral extension ? analysts Ephraim VecinaMortgage Broker News Canada’s arrears rate might double to a level higher than that seen during the Great Financial Crisis if mortgage payment deferrals aren’t extended, according to veteran markets observers Murtaza Haider and Stephen Moranis. With the recent restarts, sustained support from the government […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2020
    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 This year, Canada has entered a recession that is at least as bad as the worst-case scenario predicted by the central bank last year, according to wealth manager Hilliard MacBeth. In a recently released client note, MacBeth said that by every measure, […]

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

  9. Nearly 10 acres sells for $64.5 million, Delta B.C

    Delta?s Trenant Park Square sells for $64.5 million JLL CanadaWestern Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-08-2020
    Real Estate Related

  10. Vancouver?s Trump Hotel has permanently closed

    Vancouver’s Trump hotel closes doors for good Joanne Lee-YoungThe Vancouver Sun

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-08-2020
    Real Estate Related

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