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  1. A set of guidelines that protect Canadians who are facing exceptional circumstances related to meeting their mortgage payments

    Federal budget: Will it provide any relief for Canadian homeowners and buyers? Fergal McAlindenCMP The announcement contained protections for mortgage holders and updates on the tax-free first-home savings account Amid a flurry of new policies in Tuesday’s federal budget were a couple of announcements that may have caused mortgage professionals to sit up and take […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-03-2023
    Real Estate Related

  2. Fed reiterate its commitment to, among other things, improving housing access and affordability across Canada

    Scotiabank’s Holt blasts federal spending plans Ephraim VecinaCMP Economist describes “divisive” budget as “an assault on relatively wealthy folks” Through its latest budget, the federal government reiterated its commitment to, among other things, improving housing access and affordability across Canada – but Derek Holt of Scotiabank condemned Budget 2023 as a “divisive” plan that represents […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-03-2023
    Real Estate Related

  3. Average home price below national in 14-out-of-20 regional housing markets

    These Canadian housing markets have home prices below the national average Hilary PunchardCTV News Home prices have fallen below the national average in 14-out-of-20 regional housing markets, according to a report by Zoocasa. In a release on Thursday, the real estate brokerage said it analyzed 20 housing regions across Canada and found 14 markets where […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2023
    Real Estate Related

  4. Fed housing minister made amendments to regulations on foreign purchases of residential property

    CMHC amends ‘illogical’ foreign homebuyer ban to help boost housing supply growth Denise PaglinawanFinancial Post Changes will allow non-Canadians to purchase a residential property in certain circumstances Changes have been made to the foreign homebuyer ban to ease some restrictions on purchasing. Photo by Getty Images/iStockphoto The federal housing minister has made amendments to regulations […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2023
    Real Estate Related

  5. Bank of Canada is keeping an eye on the Silicon Valley Bank crisis and global banking stresses

    Bank of Canada ready to act against banking turmoil, deputy governor Toni Gravelle says Stephanie HughesFinancial Post Silicon Valley Bank crisis will factor in the central bank’s next monetary policy report The Bank of Canada in Ottawa. Photo by David Kawai/Bloomberg files Bank of Canada deputy governor Toni Gravelle said the central bank stands “ready […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2023
    Real Estate Related

  6. Housing construction in B.C. needs to increase 25% above its historical average level over the next five years | BCREA

    BC needs significantly accelerated housing construction, says real estate board Ephraim VecinaCMP The next half-decade will be a crucial period for the province’s housing supply To compensate for further depletion of housing supply, the rate of housing construction in British Columbia needs to increase by at least 25% above its historical average level over the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2023
    Real Estate Related

  7. Lowering price growth so incomes can catch up to prices is integral to improving housing affordability in B.C. | Brendon Ogmundson

    Unprecedented construction needed in B.C. to offset record immigration: Report The Canadian PressThe Vancouver Sun The B.C. Real Estate Association says the province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability. Houses and townhouses are seen in an aerial view in Langley, B.C., […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2023
    Real Estate Related

  8. Lowering price growth so incomes can catch up to prices is integral to improving housing affordability in B.C. | Brendon Ogmundson

    Unprecedented construction needed in B.C. to offset record immigration: Report The Canadian PressThe Vancouver Sun The B.C. Real Estate Association says the province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability. Houses and townhouses are seen in an aerial view in Langley, B.C., […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2023
    Real Estate Related

  9. The federal budget will be closely watch as a key indicator of Canada’s economic future

    ‘Rising economic uncertainty’ facing Canada: RBC Miko PagaduanCMP Despite resilience, headwinds from aggressive rate increases are gathering The announcement of Canada’s federal budget will take place against a backdrop of “rising economic uncertainty” with the impact of interest rate increases becoming increasingly clear, according to new analysis from RBC. A report by economists Nathan Janzen […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2023
    Real Estate Related

  10. B.C. real estate investment total $3.9B in 2022, despite a sharp drop in the second half of the year as rising interest rates put the brakes on deal-making

    BC real estate investment deals hit $3.9 billion in 2022 Peter MithamWestern Investor Rising interest rates dampened activity, but investors are returning as 2023 hits its stride Meadow Crossing in Burnaby was the most expensive industrial property to change hands last year, with Beedie Group purchasing it from Hungerford Properties in December for $83 million.Hungerford […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-03-2023
    Real Estate Related
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