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  1. Airbnb slashes nearly 2,000 jobs, scales back investments

    25% of Airbnb workforce slashed Ryan Smithother Short-term rental giant Airbnb has announced that it is slashing about 25% of its global workforce – nearly 1,900 jobs. The news came in a note sent this week by Airbnb co-founder and CEO Brian Chesky to employees. “Today, I must confirm that we are reducing the size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-05-2020
    Real Estate Related

  2. Electronic meetings under emergency orders

    Remember, electronic meetings aren’t a quick fix solution Tony GioventuThe Province Dear Tony: What happens when an electronic meeting has to adjourn as a result of technical issues and voting problems? We held our annual meeting last week via Zoom conference. The meeting was confusing from the beginning. No one had planned how the registration […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-05-2020
    Strata Information

  3. Carson 2328 167A Street Surrey 40 three bedroom or three bedroom and a den townhomes by Royale properties

    Carson shows off family-friendly credentials Simon BriaultThe Province What do young families look for in a new home? With its latest townhome project in the Grandview Heights neighbourhood of South Surrey, Royale Properties is betting on these key components being near the top of the list: a friendly neighbourhood close to shops, restaurants and schools; […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-05-2020
    Real Estate Related

  4. What real estate will look like post-COVID-19 – The old normal, now normal and new normal

    COVID-19 crisis has changed real estate procedures Richard RobbinsREM What will real estate look like post-COVID-19? Richard Robbins takes a look at how the crisis has changed real estate procedures and how to prepare now for the post-COVID-19 future. The “new normal” of the real estate business is likely to be much different than the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  5. From Hong Kong to New York, luxury properties are getting cheaper

    Luxury property prices fell in the first quarter as COVID-19 takes it toll Bloomberg Luxury property prices in some of the world’s most popular cities fell in the first quarter as Covid-19 began to take its toll on the real estate sector. High-end homes in New York, London, Hong Kong, Vancouver and Singapore saw their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  6. COVID-19 might kill the rental property industry

    The net profit from a rental property is minimal Chris SeepeREM The financial situation of every rental property is as different as a fingerprint. Every operator applies their level of experience, understanding, operating sophistication and personal values of what’s most important to them in owning and operating a rental property. Therefore, the numbers below can […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  7. What’s fuelling Canadians’ demand for reverse mortgages?

    Cash strapped owners seeking reverse mortgages in the land of COVID-19 Clayton JarvisMortgage Broker News As ready as Canadians are to move on from the past two months of COVID-19 coverage, disruption and distress, there are few signs that a return to normal is imminent. The Canadian Federation of Independent Business is predicting “tens of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  8. CMHC braces for multi-year impact of the coronavirus outbreak

    Any long-term predictions will be inherently unreliable – CMHC Ephraim VecinaMortgage Broker News As the COVID-19 pandemic continues to wreak havoc on global markets, Canada Mortgage and Housing Corporation (CMHC) said that the housing sector will see pre-recession prices only after three years, at the earliest. CMHC Chief Economist Bob Dugan said that any long-term […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  9. Reverse Mortgages being used as a financing option to aid family in the wake of COVID-19

    Millennials are feeling the burn from COVID-19 due to lost jobs Kasi Johnston Mortgage Broker News In one way or another, we have all been impacted by the coronavirus. In fact, almost two-thirds of Canadian households suffered from loss of income due to job losses or temporary layoffs and furloughs. While negative impact is recognized […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

  10. Distressed landlords are flocking to the alternative sector – analyst

    Alternative lenders sought by landlords in distress Ephraim VecinaMortgage Broker News The alternative lending sector is seeing a growing contingent of landlords seeking help as banks are turning them away amid the COVID-19 pandemic, according to analysts. With the economic situation unlikely to normalize over the next few quarters, the market should brace itself for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-05-2020
    Real Estate Related

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