New figures coming out this week will show Canada’s GDP is growing at more than 3%, according to a Statistics Canada forecast – and the Organization for Economic Cooperation and Development has expressed concerns over the rate of growth, especially in the real estate sector in Toronto and Vancouver. The ...Continue Reading
Finish off a great summer with a bang! Join us at the marquee tent for drinks and appetizers and enjoy Shakespeare under the Stars! Contact me to enter the draw for two VIP tickets to see Much Ado About Nothing! Email: Farid@FaridEntezari.com ...Continue Reading
Just as Toronto’s housing market is beginning to slow down, Vancouver’s is roaring back to life. New home prices in Canada’s most-expensive market jumped 1.5 per cent in June, and have gained five per cent since March, data released Thursday by Statistics Canada show. That is the biggest three-month increase since ...Continue Reading
North Vancouver City Council has approved a new waterfront neighborhood on Harbourside Drive, bordered to the south of North Shore Auto Mall. The vote on the re-submitted rezoning proposal came down to a 5-2 vote that gave the mixed-use development the green light, go-ahead. Image: Concert Properties Image: Concert Properties The ...Continue Reading
Here’s a brief history of foreign buying of Vancouver real estate: There’s nothing like Vancouver real estate anywhere else in the world. You might think your city has foreign buyers, but it’s nothing like Vancouver. It’s almost as if the world’s most powerful people had a meeting, and decided to ...Continue Reading
For the first time ever, the benchmark price of a typical home was set above $1 million in the Greater Vancouver!
As Greater Vancouverites focused on warm weather and summer vacations, the region clocked in just 2,960 home sales in July 2017, according to the latest market statistics released August 2 by the Real Estate Board of Greater Vancouver. Home prices did not similarly slow, however, with the composite benchmark price ...Continue Reading
The Vancouver foreign homebuyer tax is one year old, The tax had “zero impact” on affordability! What Canada can learn from Vancouver?
It’s been a year since British Columbia’s 15 per cent surtax on foreign homebuyers in Metro Vancouver took effect. The measure came into effect on Aug. 2, 2016, as the government of then-Liberal Premier Christy Clark pledged to tackle the city’s affordability crisis ahead of the 2017 provincial election. Fast-forward ...Continue Reading