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  1. Westbank and Squamish nation to build 6000 units next to Burrard Bridge

    ‘This is just the beginning’: First Nations’ real estate mega projects game-changing for Metro Vancouver Dan FumanoThe Vancouver Sun Indigenous developers to build 25,000 new homes in Metro Vancouver  Wilson Williams is an elected councillor with the Squamish First Nation, photographed at the site of the planned Sen̓áḵw development. Photo by Francis Georgian /PNG Standing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2022
    Real Estate Related

  2. Buyers qualify both primary and secondary residences at 2%, without rental income | Deb White

    Rules are different when buying your second home Shawn ConnerThe Vancouver Sun What buyers should know before financing a recreational propertyIt’s important to know the local short-term rental bylaws when purchasing a recreation property to rent out. Photo by Stephen Bridger /Getty Images/iStockphotoVernon-based mortgage specialist Deb White sees many people buying secondary properties in her […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2022
    Real Estate Related

  3. Home prices posted their largest monthly decrease | CREA

    Canada home prices see biggest drop since at least 2005 Fergal McAlindenother Another significant monthly decline was posted in June  Canadian home prices posted their largest monthly decrease since at least 2005 in June, according to new figures released by the Canadian Real Estate Association (CREA). The national benchmark price of a home slipped by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2022
    Real Estate Related

  4. BoC raises key interest rate to 2.5%, compared with 1.75% ahead of the COVID-19 recession

    Bank of Canada issues shock rate hike in effort to crush inflation Kevin Carmichaelother  Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa The Bank of Canada delivered a jolt to Bay Street, raising its benchmark interest rate a full percentage point, the biggest one-time increase since August 1998, when […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-07-2022
    Real Estate Related

  5. Bank’s policy rate had grown after Canada’s inflation rate recently hit a 39-year high

    Bank of Canada announces huge rate hike Fergal McAlindenother The central bank’s rate increase is even higher than had been widely anticipated The Bank of Canada has announced a supersized rate hike, increasing its policy rate by 1% in a bid to stave off rampant inflation and curb sharp increases in consumer price growth.The move […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2022
    Real Estate Related

  6. Banks policy rate had grown after Canadas inflation rate recently hit a 39-year high

    Bank of Canada announces huge rate hike Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-07-2022
    Real Estate Related

  7. Canadian home price expected to drop 19% by 2023

    Will there be a Canada housing market crash? Fergal McAlindenother TD economist outlines what the future holdsTD’s latest Provincial Housing Market Outlook, released at the end of June, projected that home prices in Canada are set for a further fall in the current rising-rates environment, with a 19% peak-to-trough decline anticipated between the first quarter […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2022
    Real Estate Related

  8. Bank of Canada has raised its benchmark interest rate from 1.5% to 2.5%

    What the Bank of Canadas’ full percentage point hike means for the housing market and your mortgage Stephanie HughesThe Vancouver Sun Surprise 100-basis-point increase will likely put the squeeze on homeowners’ budgetThe Bank of Canada has hiked its benchmark lending rate to 2.5 per cent from 1.5%. It’s expected an increase of this size will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2022
    Real Estate Related

  9. BoC raises key interest rate by 1 percentage point, the biggest increase since 1998

    Bank of Canada interest rate hike turns up heat on Metro Vancouver rental market Derrick PennerThe Vancouver Sun “The Vancouver market was already in crisis. This (rate increase) just heightens it even more.” – Paul Danison, content director Rentals.ca. “The Vancouver market was already in crisis. This (rate increase) just heightens it even more.” — […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2022
    Real Estate Related

  10. Canada needs 3.5M additional homes to achieve any level of affordability | CMHC

    Peter McCartney: Millions of new homes could make or break response to climate crisis Peter McCartneyThe Vancouver Sun Opinion: Regulators need to be willing to set strict green building codes that come into effect now, not after these millions of new homes already exist Construction cranes tower above condos under construction near southeast False Creek […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-07-2022
    Real Estate Related

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