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  1. Real estate hot market activity seems significant long term risk

    CIBC’s Tal: Red-hot activity posing significant long-term risks to housing Ephraim VecinaMortgage Broker News

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-03-2021
    Real Estate Related

  2. Possible Canadian housing market starting slow down in the next Q2-Q3

    Canadas housing market set for “significant cooldown” after homebuying frenzy: TD Sean MacKayLivabl The current furious pace of homebuyer activity, along with rapidly accelerating price increases seen since mid-2020, are unlikely to last into 2022. While the Canadian housing market’s strength was a major contributor to the country’s economic recovery following the devastation experienced last […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-03-2021
    Real Estate Related

  3. Legal and real estate professionals play a critical role in preventing title fraud

    Fraudster gets away with transferring title for B.C. home using forged passport Susan LarazukThe Vancouver Sun Fraudsters impersonated owners of B.C. residential properties to steal the homes’ titles and one of the con artists got away with it, according to the agency in charge of keeping title transfers secure. The Land Title and Survey Authority […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-03-2021
    Real Estate Related

  4. Bank of Canada Governor “Worrying”sign in Canada’s hot housing market to increase level of debt

    Mounting debt ‘worrying’ as Canadians stretch to chase rising home prices, says Bank of Canada governor Bianca Bhartiother  Bank of Canada Governor Tiff Macklem said he’s seeing “worrying” signs in Canada’s hot housing market, in which households are taking on increasing levels of debt to chase rising prices. The central bank had largely stayed quiet […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-03-2021
    Real Estate Related

  5. Canadian retailers experience biggest decline since 2009 recession – Statistics Canada

    Bricks-and-mortar stores anchor B.C.’s biggest developments Frank O’BrienWestern Investor — Oakridge Centre makeover includes 1 million square feet of retail. | Chung Chow Don’t look up from your shopping screens, but bricks-and-mortar retail is now the foundation for B.C.’s biggest real estate developments and more than $600 million in investments, a year after the start […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-03-2021
    Real Estate Related

  6. Vancouver condo sales increase 52.2 % month-to-month from January 2021

    Downtown Vancouver condo sales rebound after 2020 slump Michelle McNallyLivabl   Nearly one year after condo sales sunk at the onset of the COVID-19 pandemic, new data shows that buyers have been returning to downtown Vancouver’s high-rise market. According to recent research and reporting by The Georgia Straight, 105 condo properties were sold in Downtown […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-03-2021
    Real Estate Related

  7. Wealthy families with more cash in bank are the main drivers of purchasing properties during this pandemic

    Affluent millennials and wealthy families sitting on a pile of cash are the latest drivers of high-end Canadian real estate Avery MullenThe Vancouver Sun  Sales of homes valued at $4 million or more in the Greater Toronto Area saw a 157 per cent jump in activity. Photo by Tyler Anderson/National Post The rise of affluent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-03-2021
    Real Estate Related

  8. Two male real estate agents terminated effective immediately after allegations of sexual assault

    Two Victoria real estate agents fired after online accusations of sexual assault Louise DicksonThe Province  The Agency Victoria, a luxury real estate brokerage and lifestyle company, says it has terminated its relationship with two agents, effective immediately, after allegations of sexual assault. Photo by CHEK NEWS /Times Colonist Warning: This story contains details of sexual […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2021
    Real Estate Related

  9. Marpole multi-family unit sells for $10.5 million located at Laurel Street, Vancouver

    Vancouver 33-suite rental building sells at full list price of $10.5 million Goodman Commercial Inc.Western Investor — Goodman Commercial Inc., Vancouver, for Western Investor Property type: Multi-family rental Location: 8755 Laurel Street, Vancouver Number of units: 33 Lot size: 19,310 square feet Lot size in acres: 0.44 acres Zoning: RM-3A List price: $10.5 million Sale […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2021
    Real Estate Related

  10. Agriculture Land sells for $1.70 million located at Hamilton Road, Agassiz, B.C. for future development

    Agassiz 47 acres with riverfront sells $1.4 million over assessment Re/Max Nyda RealtyWestern Investor — Group, Re/Max Nyda Realty, Agassiz, B.C., for Western Investor Property type: Land Location: 920 Hamilton Road, Agassiz, B.C. Land size: 47 acres Zoning: RR1 (rural residential) Potential: Residential development BC Assessment value (2020): $304,000 List price: $1.94 million Sale price: $1.70 million Brokerage: 3A Group, Re/Max Nyda Realty, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2021
    Real Estate Related

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