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  1. Redevelopment of a 67-year-old centre motel in Vancouver

    City Centre Motel on Main Street in Vancouver sold for over $60 million Kenneth Chanother City Centre Motel at 2111 Main Street, Vancouver. (Google Maps) It was inevitable that the 67-year-old City Centre Motel in Vancouver’s Mount Pleasant neighbourhood would eventually be acquired for the purpose of pursuing its redevelopment potential. The 35,000 sq ft […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-10-2021
    Real Estate Related

  2. Speed up the mortgage process and make things more straightforward for all parties | Allen

    Is the mortgage industry set for a blockchain revolution? Fergal McAlindenother An industry CEO believes NFTs and other developments will profoundly transform the mortgage space Following the announcement of a new collaboration to allow mortgage documentation to be minted through non-fungible tokens (NFTs), a prominent executive has predicted that further revolution of the mortgage industry […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-10-2021
    Real Estate Related

  3. Global economic recovery is progressing amidst pandemic

    Bank of Canada announces latest overnight rate target Ephraim Vecinaother The central bank will be moving into a new phase following the end of its QE program The Bank of Canada has announced that its target for the overnight rate will remain at the effective lower bound of 0.25%, with the bank rate at 0.5% […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2021
    Real Estate Related

  4. Unveiling changes aimed at increasing housing supply | Provincial Government

    Dan Fumano: As both Vancouver and B.C. look to speed up housing, expect debate Dan Fumano The Vancouver Sun Opinion: Changes proposed by both Vancouver and the province are “heading in the same direction,” says Vancouver housing official. They’re also likely to be controversial, especially at the civic level. Photo showing a detached house in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-10-2021
    Real Estate Related

  5. The bank of Mom and Dad – $10B gifted home buyers

    Thanks, Mom: Over $10 billion gifted to home buyers over last year Michelle McNallyLivabl Amidst rising prices and dwindling inventory, it’s no secret that buying a home in Canada has become increasingly difficult, particularly for first-time buyers looking to get their foot on the property ladder. Hoping to help their loved ones set down roots […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-10-2021
    Real Estate Related

  6. Real Estate industry trends indicators of the overall health of the economy in 2021

    Real Estate Statistics: The Latest Trends in the Housing Market (2021) Matthew Speakmanother The housing market has significant importance for the broader economy, accounting for 17.5% of the U.S. GDP in 2020. 4.2% of the GDP impact is the spending on construction. The other 13.3% includes other spendings on homes such as rent, utilities, and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2021
    Real Estate Related

  7. Growth in condo market share across the Canadian real estate market in 2021

    Canadian Real Estate Report: 2021 Housing Impacts to Condo Sector RE/MAX Staffother  Staggering gains in detached housing values have sent condominium sales soaring throughout the first eight months of 2021 in major Canadian real estate markets, according to a new report by RE/MAX Canada The RE/MAX Canada 2021 Condominium Report, which examines trends and developments […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2021
    Real Estate Related

  8. CREA and RECO issued a notice about steering to over 93,000 real estate agents

    Real estate agents caught on hidden camera breaking the law, steering buyers from low-commission homes Tiffany Foxcroftother  A CBC Marketplace investigation has found that some real estate agents are breaking the law by steering unwitting buyers away from low-commission homes.  Posing as homebuyers and sellers, Marketplace tested if real estate agents are engaging in this […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2021
    Real Estate Related

  9. Canadians hoping to enter the housing market to homeownership for qualified first-time buyers

    Can the First-Time Home Buyer Incentive be salvaged? Fergal McAlindenother It remains to be seen whether proposed tweaks can revive the much-maligned federal program  On paper, it seemed a welcome break for Canadians hoping to enter the housing market: a federal incentive program aimed at reducing the monthly mortgage burden and easing the passage to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2021
    Real Estate Related

  10. Discover in Surrey the New Bristol Estate transforming its neighborhood includes 6.27 acre property

    New Bristol Estates in Surrey includes over 2,000 homes Peter Meisznerother The owners of Bristol Estates in Surrey are planning a major redevelopment of the low-rise rental apartment complex, with towers up 48 storeys and over 2,000 new homes.ZGF Architects is working on the concept for the redevelopment, tentatively called “Landmark Bristol.” A rezoning application […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2021
    Real Estate Related

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