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  1. Vancouver city council to decide whether to increase empty homes tax to five per cent

    Owners of empty homes will pay more in Vancouver Kendra Mangioneother It will soon cost more to be the owner of an empty residential property in Vancouver, as a motion for another tax hike is approved. The city’s Empty Homes Tax – charged to owners who don’t live in or rent out their properties – […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-04-2022
    Real Estate Related

  2. Townhouse decreasing to 22.6 percent compared to other property types.

    GTA home prices cool from February highs heading into spring Michelle McNally Livabl Homebuyers looking in the Greater Toronto Area are no stranger to high prices. Since the COVID-19 pandemic started more than two years ago, prices in Toronto alone have increased over 20 per cent. Yet, as the market hits peak springtime, communities across […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-04-2022
    Real Estate Related

  3. 2022 budget commitments on improving the housing situation | FHSA

    Poll: FHSA impact on first-time buyers’ purchases will likely be muted Ephraim Vecina Western Investor Many Canadians say they will not be able to muster enough funds for the federal government’s tax-free savings program  More than seven out of 10 Canadians (72.07%) who do not yet own a home, but want to eventually, think that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-04-2022
    Real Estate Related

  4. An aggregate 25.1% increase year on year on housing prices | Royal LePage

    House prices soaring amid continued low supply-high demand Micah Guiaoother The first quarter saw the highest gain on record since the index began Canadian house prices saw an aggregate 25.1% year-on-year increase to $856,900 in Q1 2022, marking the highest gain on record since the index began, according to the Royal LePage House Price Survey. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-04-2022
    Real Estate Related

  5. 10-storey office and retail building coming to No. 3 Road and Leslie Road corner

    Richmond office developer eyes smaller spaces despite density bonus Maria RantanenWestern Investor Pandemic has changed office demand in the Richmond market, developer claims  Bene (No. 3 Road) Development wants to subdivide the upper floors of a proposed office tower in Richmond despite having received bonus density for large floorplates. / Submitted Richmond wants developers to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-04-2022
    Real Estate Related

  6. Report finds “missing middle” solution to Metro Vancouver housing crisis

    Census on Metro Vancouver housing shows shift of missing middle families continues unabated Derrick PennerThe Vancouver Sun Young families continue to move where more spacious housing is being built, while apartments take over as the housing type in the city core  COVID-19 accelerated Metro Vancouver’s migration of younger families from urban centres to the suburbs, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-04-2022
    Real Estate Related

  7. Some ideas of what options for investing in real estate

    How to invest $500k in real estate Corben GrantCanadian Real Estate Wealth  When it comes to real estate, the more money you have, the more options you can find for investing. For those with less money even, there are still options to take advantage of the real estate market to grow your wealth, however, it […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-04-2022
    Real Estate Related

  8. Sustained sales strength and inventory shortfalls in March | Altus Group

    GTA housing market – Robust sales, low supply Ephraim Vecina other However, signs of a generalized market slowdown are looming, observers warn  The GTA new home market saw sustained sales strength and inventory shortfalls in March, according to the latest data from Altus Group and the Building Industry and Land Development Association. A total of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-04-2022
    Real Estate Related

  9. The cheapest and most expensive Vancouver detached homes, townhomes and condos sold over the past month

    Real estate: Most expensive and least expensive homes sold in Vancouver over the past month Staff ReporterThe Vancouver Sun The price range for home purchases in Vancouver over the past 30 days was between $295,000 and $17 million.The most expensive detached home sold in the past 30 days was at 2958 West 45th Avenue in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-04-2022
    Real Estate Related

  10. Bank of Canada to weigh new 50 basis-point hike

    BoC considering another 50-basis-point hike: Macklem Fergal McAlindenother The governor says the central bank is prepared to act “forcefully” to tackle the inflation crisis The Bank of Canada is weighing up another oversized rate hike for its next policy rate announcement in June, according to the central bank’s governor Tiff Macklem. Speaking with the federal […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-04-2022
    Real Estate Related
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