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  1. Moving in the midst of COVID-19

    The moving experience has changed exponentially Connie AdairREM Moving is stressful at the best of times, but for residential and business clients who have the added pressure of worrying about COVID-19 and associated restrictions, it can take a toll. Being able to relate what the moving experience might look like, and how to go about […]

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

  2. Real estate market to rebound due to Pent up demand in Last Qtr Defying COVID-19 pressures, average prices might climb – Altus Group

    Defying COVID-19 pressures, average prices might climb Ephraim VecinaMortgage Broker News Canada’s home prices are still likely to see a 5%-10% annual gain by year-end, according to Altus Group chief economist Peter Norman. In an interview with The Financial Post, Norman said that despite the COVID-19 travel restrictions that have ground the entry of wealthy […]

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

  3. Airbnb owners will be forced to sell – COVID-19 immigration to weigh upon Vancouver prices

    COVID-19 immigration to weigh upon Vancouver prices – analyst Ephraim VecinaMortgage Broker News The single most important factor that would affect Vancouver’s sky-high housing prices is the coronavirus pandemic’s impact on immigration, according to veteran markets observer Douglas Todd. With immigration accounting for roughly 85% of Metro Vancouver’s population increase in recent years, the global […]

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

  4. Reduced selling will propel post-COVID-19 recovery – TD Economics

    Listings mirror sales by dropping in the near term Ephraim VecinaMortgage Broker News A vital component of the Canadian housing sector’s post-coronavirus recovery phase is homeowners refraining from selling their assets, according to TD Economics. “Absolutely key to our forecasts is the assumption that listings mirror sales by dropping substantially in the near term and […]

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

  5. Housing will bear the full impact of COVID-19 by next year – CIBC

    The impact of the coronavirus outbreak on the value of Canadian housing will fully manifest by next year Ephraim VecinaMortgage Broker News The impact of the coronavirus outbreak on the value of Canadian housing will fully manifest by next year, according to economists with the Canadian Imperial Bank of Commerce (CIBC). “The expected volatility in […]

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

  6. COVID-19 to push the housing sector on a downward slope – Moody’s

    Market growth and activity in the Canadian housing sector will trend downward this year Ephraim VecinaMortgage Broker News Market growth and activity in the Canadian housing sector will trend downward this year amid the sustained economic impact of the coronavirus outbreak, according to a recent study by Moody’s Analytics. In its “Canada Housing Market Outlook: […]

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

  7. Survey says majority of realtors expect COVID-19 to shrink business by at least 50%

    Point2 Homes survey shows realtors very worried Clayton JarvisMortgage Broker News In news that will do little to calm the nerves of antsy mortgage professionals, data released by Point2 Homes on Monday finds sentiment among real estate agents around COVID-19’s impact on their businesses to be one of pessimism and extreme concern. The survey, which […]

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

  8. Metro Vancouver home sales hit 38-year low in April, prices hold steady

    Last month’s home sales were 62.7 per cent below the 10-year April sales average Scott Brown The Province COVID-19 social-distancing measures led to April home sales dropping to a 38-year low in Metro Vancouver, according to the Real Estate Board of Greater Vancouver. April home sales totalled 1,109, which is a 39.5 per cent decrease […]

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

  9. REBGV 2019 Annual Report

    Information on REBGV activities and accomplishments REBGV Our annual report is dedicated to informing you on the activities and accomplishments of your professional association over the last year. Last year was the REBGV’s 100th year in business. While 2019 was an occasion to celebrate our centennial and honour our history, our primary focus was on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-05-2020
    Real Estate Related

  10. Toronto Region Homes Sales in Steep Double-Digit Decline Due to COVID-19: TRREB

    Toronto homes sales declined 67% other With provincial and public health safety measures in full effect, COVID-19 expectedly slowed down housing market activity across the Toronto Region this April. Home sales across the region declined 67 per cent, with 2,975 residential transactions taking place throughout the month, according to the latest report from the Toronto […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-05-2020
    Real Estate Related

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