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  1. The impact of the constricted financial condition

    Affordability challenges show little sign of easing, says banking giant Ephraim Vecina other Pandemic savings will only partly mitigate the impact of reduced purchasing power, according to economist Borrowing costs across North America are not likely to fall any time soon, according to Sal Guatieri, senior economist and director at BMO Capital Markets. While the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 08-11-2022
    Real Estate Related

  2. Boosting housing development in the province’s far-flung areas

    Feds, NB government to fund affordable housing development organization Ephraim Vecinaother Housing market challenges are especially pronounced in the province’s rural areas, officials say The federal government and New Brunswick authorities have announced that they are jointly funding an organization focused on boosting housing development in the province’s far-flung areas. The non-profit organization, which will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 07-11-2022
    Real Estate Related

  3. Most signs can be seen in the current debt-to-disposable-income ratios of both economies

    Burst housing bubble would be ‘significantly worse’ in Canada than US: economist Ephraim Vecinaother Canadian market ‘extremely exposed’ on a relative basis Based on current trends, a housing bubble burst would be significantly worse in Canada than in the United States, said David Rosenberg, president and chief economist of Rosenberg Research. The most prominent danger […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 06-11-2022
    Real Estate Related

  4. Canada’s mortgage market surged at the onset of the COVID-19 pandemic

    Where are brokers focusing their attention as purchase market cools? Fergal McAlindenother More brokers getting training and coaching on mortgage creditor insurance, says executive  As Canada’s mortgage market surged at the onset of the COVID-19 pandemic, brokers and agents found themselves dealing with unprecedented volume and purchase activity – meaning they were required to place […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 03-11-2022
    Real Estate Related

  5. 24,209 sqft. office retail in Parksville sells for $4.5 million

    Parksville 24,209-sq.-ft medical centre sells for $4.5 million William Wright CommercialWestern Investor The Vancouver Island office-retail complex includes two buildings, 10 tenants including Shopper’s Drug Mart and professionals, and a 65-stall parking lot in downtown Parksville. Property type: Office-retail Location: 154 Memorial Avenue, Parksville, B.C. Number of tenants: 10 Number of buildings: 2 Property size: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 02-11-2022
    Real Estate Related

  6. REBGV reports that October residential home sales were down to 45.5 percent

    Metro home sales, prices in a six-month downward spiral Western Investor staffWestern Investor October transactions down 45.5 per cent from a year earlier as Greater Vancouver housing prices continue to slip lower month-to-month  Benchmark home price has fallen 9.2 per cent in six months. | Western Investor A month-over-month sales rally in Greater Vancouver’s housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 01-11-2022
    Real Estate Related
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