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  1. Miscommunication leads to wrong assumptions

    Signs installed advertising condos while tenants still living on Vancouver property Joanne Lee – YoungThe Vancouver Sun Tenants were caught off-guard recently when giant signs advertising The Cut, a new townhome development project, were suddenly plopped in their front yard. Charity Justrabo in front of her home at Nanaimo Street and Grandview Highway in Vancouver […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-02-2022
    Real Estate Related

  2. Home buyers have limited choice in the market today

    Pressure on Vancouver house prices continues Ephraim Vecinaother The trend inflames competition, real estate industry association says A consistent dearth of supply applied upward pressure on home prices across Metro Vancouver in January, according to the region’s real estate industry association.Data from the Real Estate Board of Greater Vancouver showed that 4,170 homes were newly […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-02-2022
    Real Estate Related

  3. Rental demand increase faster with the return of economic growth

    Metro Vancouver’s rental vacancy rate has been chopped in half Stefan LabbeWestern Investor The region has the highest average rent in Canada with a two-bedroom unit at $1,824 and a two-bedroom condo at $2,498. Rental vacancy rate now 1.2 per cent. | Thomas Winz, Getty Images The region has the highest average rent in Canada […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-02-2022
    Real Estate Related

  4. economic growth

    Metro Vancouvers rental vacancy rate has been chopped in half Stefan LabbWestern Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-02-2022
    Real Estate Related

  5. Future of the work from home model due to pandemic

    How will a return to the office impact the mortgage market? Fergal McAlindenother Lenders could increasingly seek clarification on whether work-from-home arrangements are indeed permanent As Canada edges towards a tentative reopening and easing of COVID-19 restrictions across the country, one of the most intriguing trends to follow will be the future of the work-from-home […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-02-2022
    Real Estate Related

  6. Canada real estate market remains overheated despite interest rate hikes anticipated in 2022

    In an overheated real estate market, this Calgary development is a good investment Western Investor StaffWestern Investor  Mission District land assembly already has excellent holding income A new, unique development opportunity is available in Calgary’s trendy Mission district.Photo via Land Professionals. Mission District land assembly already has excellent holding income Despite the interest rate hikes […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-02-2022
    Real Estate Related

  7. Vancouver’s facing “significant challenges” finding units that they can afford

    Vancouver continues to be most expensive city in Canada to rent, as vacancy rates drop: reports Tiffany CrawfordThe Vancouver Sun A Rentals.ca report says last month the average rent for a one-bedroom home in Vancouver was $2,163 while a two-bedroom place cost $3,003.  Rental costs continue to soar in Vancouver, according to a couple of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 18-02-2022
    Real Estate Related

  8. Reza Sabour: Toronto is expected to enter the spring with “crazy pent-up demand”

    Toronto housing market set for turbulent spring Ephraim Vecinaother The “tornado market” is showing no signs of stopping The Toronto housing sector is slated for a more expensive, more competitive spring market with an unprecedented scarcity of supply, according to industry players speaking with the National Post. “We’ve been in a tornado market since about […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 17-02-2022
    Real Estate Related

  9. Bank of Canada will be forceful if necessary in using monetary policy tools

    Bank of Canada senior official on how soon rate hikes might take place Ephraim Vecinaother The Bank of Canada is likely on track to hike interest rates in less than two weeks, according to a senior official. The central bank has scheduled its next policy rate decision on March 2. “We will be nimble – […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 17-02-2022
    Real Estate Related

  10. Tight supply and strong demand pushed the median price of a home sold in January

    January home sales jump 6.7% despite a record low supply Diana Olickother Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3% lower compared with January 2021. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 17-02-2022
    Real Estate Related
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