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  1. B.C extend freeze rent till 2021 due to pandemic

    B.C. to extend rent freeze to end of 2021, increase protections against ‘renovictions’ CBC StaffCBC Radio  Tenants can disregard any notice of a rent increase they’ve received that would have taken effect before Jan. 1, 2022. Starting next year rent hikes will be capped at the rate of inflation. (Rafferty Baker/CBC) The British Columbia government says it […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-02-2021
    Real Estate Related

  2. Bank of Canada has observed excess exuberance in Canada’s housing market

    Vancouver real estate: home across Trout Lake listed $1.7 million, sells $870,000 over asking for $2.6 million Carlito PabloThe Georgia Straight The Straight has previously reported about homes selling over $500,000 on top of their listed price. If some thought nothing is ever going to beat that, here’s a surprise. A home in East Vancouver […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-02-2021
    Real Estate Related

  3. Jack Chow well-known Chinatown figure has died at the age of 90

    Businessman and well-known Chinatown figure Jack Chow dies at 90 CBC StaffCBC Radio  Jack Chow was known for operating his business out of the historic Sam Kee building on Pender Street in Vancouver’s Chinatown. (asdf) Jack Chow, known for his contributions to Vancouver’s Chinatown neighbourhood, has died at the age of 90. His family confirmed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-02-2021
    Real Estate Related

  4. Metro Vancouver more than 4 million office space vacant due to COVID-19

    ‘Massive’ security concerns surround vacant space Frank O’Brien?Western Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2021
    Real Estate Related

  5. RBC helps Canadian investors explore their investments outside the country

    Low interest rates, favourable exchange turn U.S. into hotspot Neil SharmaCanadian Real Estate Wealth Savvy Canadian real estate investors have, for years now, known about real estate hotspots south of the border, and with the pandemic catalyzing interest rate cuts courtesy of both the Bank of Canada and the Federal Reserve, there’s arguably never been […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2021
    Real Estate Related

  6. Canadians are spending more money on extravagant homes despite of crisis

    Despite pandemic, Canadians spending extravagantly on homes Neil SharmaCanadian Real Estate Wealth Purchasers are spending money on more expensive homes in Canada’s biggest cities and it’s trickling down the ladder, making housing more prohibitive for the people most affected by the pandemic. “Existing home sales have shifted towards more expensive housing types in Vancouver, Toronto, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2021
    Real Estate Related

  7. Does SPACs is ready for a pre – IPO company?

    Tom Bradley: SPACs are being billed as a better way for pre-IPO companies to go public, but better for who? Tom Bradleyother  SPACs are mostly a U.S. phenomenon whereby high-profile investment managers, rock star executives and actual rock stars raise money based on reputation alone. Photo by Carlo Allegri/Reuters files We’re taught at an early […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2021
    Real Estate Related

  8. The pros and cons of purchasing the upgraded condo building compare to the newly build one

    Upgraded building infrastructure slashes maintenance fees Neil SharmaCanadian Real Estate Wealth Empty nesters transitioning to vertical living often make the mistake of moving into older condominium buildings because the units are bigger and, on a dollar per square foot basis, they’re priced competitively. “People can get 1,500 sq ft not realizing they may be buying […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-02-2021
    Real Estate Related

  9. Whats the effect of the five year fixed mortgage rates to Canada’s economy?

    Are the days of low interest rates coming to an end for Canadian homebuyers? Ephraim VecinaMortgage Broker News  If the opinions of various observers are to be believed, five-year fixed mortgage rates will likely be on their way up if inflation pressures south of the border intensify. Writing for Move Smartly, independent mortgage planner David […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2021
    Real Estate Related

  10. Q1 net income increase compare to previous quarter

    RBC reveals Q1 financial results Ephraim VecinaMortgage Broker News  Sustained strength is the running theme in Royal Bank of Canada’s (RBC’s) fiscal first quarter results, which show that net income grew by 10% annually to $3.847 billion. The quarter ending January 31 saw net income increase by $601 million over the previous quarter, boosted by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-02-2021
    Real Estate Related

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