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  1. Scotiabank ended the year with a much higher net income compared last year amidst pandemic

    Scotiabank releases Q4 results Ephraim Vecinaother Find out how the Canadian banking giant fared Spearheading the Q4 2021 round of earnings announcements, Scotiabank today reported net income of $2.559 billion in the quarter ending October 31, much higher than the $1.899 billion during the same period last year. Diluted earnings per share stood at $1.97, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-11-2021
    Real Estate Related

  2. Aggregate price of a home will grow 15% in Q4-2021 compared to the same period last year

    Vancouver home prices projected to jump 15 per cent annually by end of the year: Royal LePage Michelle McNallyLivabl The cost of homes in Greater Vancouver are expected to keep rising through the rest of 2021. In its House Price Survey for Q3-2021, Royal LePage forecasted that the aggregate price of a home in Greater […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-11-2021
    Real Estate Related

  3. Canadian home sales record-holding levels logged in 2020

    Canadian home sales set new record, beating 2020 Michelle McNallyLivabl  The year is not even over yet and Canada has posted the most home sales on record, surpassing previous record-holding levels logged in 2020. In its monthly national market report for October, the Canadian Real Estate Association (CREA) stated property sales grew from September to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-11-2021
    Real Estate Related

  4. New real estate legislation for B.C. this spring

    Review of blind-bidding in B.C. real estate market to look at rules elsewhere Jaonne Lee-YoungThe Province   B.C.’s Ministry of Finance is studying options for legislation on real estate sales that it plans to introduce next spring. Photo by Gerry Kahrmann /PNG The provincial government is expected to study other real estate markets and their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-11-2021
    Real Estate Related

  5. Canadian housing and rental market increase due to inflation data

    Pandemic trends reduce housing supply, heat up rental markets Ryan GarnerLivabl  Looming interest rate hikes have spurred sales and reduced inventory, heating up housing and rental markets on both sides of the border. Zonda chief economist Ali Wolf outlined the latest economic and housing trends from the COVID-19 pandemic in a Nov. 11 webinar. She […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-11-2021
    Real Estate Related

  6. How does a mortgage professional start their own company?

    How to build a mortgage brokerage from scratch Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2021
    Real Estate Related

  7. Bank of Canada implement three rate increases in 2022 beginning in April by RBC Economics

    How many Bank of Canada rate hikes are likely in 2022? Ephraim Vecinaother The central bank might be wavering on its rate-freeze commitment given inflationary pressures Amid sustained inflationary pressures and supply-chain issues, the Bank of Canada will likely implement three rate increases in 2022 beginning in April, according to a new report by RBC […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-11-2021
    Real Estate Related

  8. First-time buyers increasingly seeking assistance from their parents for a down payment

    The growing influence of the Fergal McAlindenother New buyers are increasingly relying on family assistance for down payments. What does it mean for the industry?  Considering the well-documented struggles of new entrants to an increasingly unaffordable Canadian housing market, the news that first-time buyers are increasingly seeking assistance from their parents for a down payment […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-11-2021
    Real Estate Related

  9. Canada housing market remains little risk of a crash despite of lingering concerns

    How likely is a Canada housing crash? Fergal McAlindenother Executive from Scotiabank delivers verdict Despite lingering concerns from the Canada Mortgage and Housing Corporation (CMHC) and others about the precarious nature of the country’s housing market, there remains little risk of a crash, according to Scotiabank vice president and head of capital markets economics Derek […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-11-2021
    Real Estate Related

  10. Metro Vancouver continued hitting the market to fall in line with long-term averages

    Demand for Vancouver homes outpaces new supply in September Michelle McNallyLivabl  Home buying and selling activity remains at a high in Metro Vancouver, while the pace of new properties hitting the market has continued to fall in line with long-term averages. For the month of September, the quantity of sales decreased on a yearly and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-11-2021
    Real Estate Related

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