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  1. COVID-19 crisis set to hammer Metro housing prices

    REBGV maintains real estate market will rebound Douglas ToddThe Vancouver Sun The official, optimistic message from the Real Estate Board of Greater Vancouver at first sounds plausible. The REBGV maintains with confidence that “pent-up demand” for housing, combined with low interest rates, will re-energize Metro Vancouver’s dormant real estate market once the COVID-19 lockdown ends […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2020
    Real Estate Related

  2. Missed mortgage payments will be disastrous for Vancouver

    Property tax delinquency a possibility Ephraim VecinaMortgage Broker News Vancouver might run into a significant budget deficit soon, as only 55% of homeowners said that they would be able to pay their mortgages in full this month, according to Mayor Kennedy Stewart. Citing a recent online survey by the municipal government, Stewart said that only […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2020
    Real Estate Related

  3. There’s no such thing as a balanced market

    It is either a seller’s market or a buyer’s market Paul MarangerREM You can’t dance at two weddings at the same time. In terms of real estate, I would say this saying could refer to a balanced market. Is there even such a thing as a long-term balanced market? I would suggest that the short […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-05-2020
    Real Estate Related

  4. Office and industrial tenants seek fewest rent relief

    Less than 20 per cent of tenants seek rent relief Frank O’BrienWestern Investor Office and industrial sectors saw the fewest tenants seeking rent relief in April, while requests for rental help is exploding among retail tenants due to COVID-19 closures, according to a national survey released May 1. Colliers Real Estate Management Services (REMS) undertook […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2020
    Real Estate Related

  5. Don’t cut corners to accommodate hardships

    A strata council doesn’t have the authority to undo a decision Tony GioventuThe Province Dear Tony: Our strata council has decided to defer strata fees for several months during the COVID-19 restrictions. Of the seven council members, five are people who are off work for the short term, but the remainder of owners who are […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2020
    Strata Information

  6. The Hillcrest 188 West King Edward 17 stacked townhomes by Vertex Developments

    Family-friendly townhomes with chef-inspired kitchens at The Hillcrest Michael BernardThe Province The developers of The Hillcrest knew they wanted the kitchens in their 17-unit townhouse complex in central Vancouver to be the most efficient they could build, so they called in award-winning chef David Robertson to review their initial designs. Robertson, whose Dirty Apron restaurant […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2020
    Real Estate Related

  7. More Listings Now Showing Price History on REALTOR.ca

    Sold data now available on CREA other On April 15, the Kamloops and District Real Estate Association (KADREA) and the Kootenay Association of REALTORS® (KAR) became the first real estate boards in British Columbia to display historical sold prices on REALTOR.ca. Consumers, boards and members have been asking to see historical sold data on REALTOR.ca […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-04-2020
    Real Estate Related

  8. COVID-19 brings Canada’s commercial mortgage market to a halt

    Commercial mortgages flattened with bank withdrawal of loans Ephraim VecinaMortgage Broker News The Canadian commercial mortgage market’s enviable run of stability has hit a wall with the advent of the coronavirus pandemic, according to a recent report by CMLS Financial. “After two quarters of nearly flat commercial mortgage spreads, March saw the largest shift in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-04-2020
    Real Estate Related

  9. House prices will fall 10% before recovery: Moody’s

    Western markets will take worst hit, but some analysts see a rebound as early as June Frank O’BrienWestern Investor Housing sales, prices and starts across Canada will plunge this year and stay muted for at least a year, with Western provinces taking the worst hit, according to Moody’s Analytics. Other analysts, however see a more […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-04-2020
    Real Estate Related

  10. Scotiabank preparing for widespread post-pandemic changes

    Bank of Nova Scotia will have a ?new normal? Ephraim VecinaMortgage Broker News The Bank of Nova Scotia is not expecting a return to the “old normal” once the global coronavirus outbreak subsides. Scotiabank said that the resumption of its operations will depend largely on how Canada fares after the crisis. “Re-entry plans will differ […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-04-2020
    Real Estate Related

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