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  1. Teranet-National Bank data report that housing market will slowdown

    Despite recent sales activity, fresh Teranet-National Bank data points to decline in home prices David KitaiMortgage Broker News Despite prices swelling in a number of Canadian markets, the most recent Teranet-National Bank National Composite House Price Index, released yesterday, claims Canada’s housing market has hit a slowdown. The Index says that nationwide, house prices in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-07-2020
    Real Estate Related

  2. Mass-timber methods call for designs to be drawn using sophisticated 3-D computer models.

    Mass timber gains momentum with construction sector as province starts on promotion Derrick PennerThe Vancouver Sun A building named Crest is rising six stories above Lonsdale Ave. in North Vancouver to add 179 units of housing to the neighbourhood, but it is also something of a billboard for British Columbia’s ambitions for construction in mass […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-07-2020
    Real Estate Related

  3. Some economist predicting those near zero-rates still continue

    Near-zero lending rates will continue Nelson Bennett & WI StaffWestern Investor Multi-family financing five-year funding at unprecedented 1.3 per cent and and “we could slide further into uncharted depths” if downturn persists The Bank of Canada is holding the overnight interest rate to 0.25 per cent, and several economists are predicting those near-zero rates to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-07-2020
    Real Estate Related

  4. Buyers agency exclusive contract explanation

    Understanding the Buyer’s Agency Exclusive Contract BCREA When working with buyers in a real estate transaction in BC, REALTORS® may choose to use the Buyer’s Agency Exclusive Contract. BCREA has created this video for Realtors to share with their clients to help them better understand the purpose of this common standard form and its contents. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2020
    Real Estate Related

  5. Another platform has announced for AirBnB investors

    A new option for struggling Airbnb investors: REW.ca Ephraim VecinaMortgage Broker News Online marketplace Real Estate Wire (REW.ca) has announced the addition of more than 10,000 rental listings to its platform, which is accessible to Canadians everywhere. The decision to place these listings on the platform stemmed from a long-running market trajectory, said Simon Bray, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2020
    Real Estate Related

  6. PM Trudeau announced the extended wage subsidy program

    Trudeau extends CEWS program until December Ephraim VecinaMortgage Broker News The federal government has announced that it will be extending its wage subsidy program – which has proven instrumental to the continued survival of many households and businesses – to companies severely affected by the COVID-19 pandemic until at least December.   Earlier this week, Prime Minister […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2020
    Real Estate Related

  7. BC Housing Markets Bounce Back in June

    BCREA shows housing market revitalized Brendon OgmundsonBCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,166 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2020, an increase of 16.9 per cent from June 2019. The average MLS® residential price in BC was $748,155, a 9.1 per […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2020
    Real Estate Related

  8. BC Housing Markets Bounce Back in June

    BCREA shows housing market revitalized Brendon OgmundsonBCREA The British Columbia Real Estate Association (BCREA) reports that a total of 8,166 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2020, an increase of 16.9 per cent from June 2019. The average MLS® residential price in BC was $748,155, a 9.1 per […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2020
    Real Estate Related

  9. Reverse mortgage as an exit strategy is a good idea?

    Using a reverse mortgage as an exit strategy Kasi JohnstonMortgage Broker News Qualifying for a mortgage in Canada is no easy feat. In fact, over half of Canadians see it as a barrier to homeownership. On July 1, the Canadian Mortgage and Housing Corporation (CMHC) rolled out their new underwriting guidelines with three changes, including […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2020
    Real Estate Related

  10. Rural retreats beckon buyers as B.C. opens up

    Buyers are looking for safe retreats since the outbreak of COVID-19 Frank O’BrienWestern Investor Nearly 10 acres of island waterfront for less than $750,000; luxury lakefront residences at Whistler and Tofino on the spectacular west coast of Vancouver Island and Sunshine Coast; and Cariboo lakefront resorts are among the exclusive listings that Western Investor will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2020
    Real Estate Related

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