New mortgage lending rules have made it tougher for borrowers to finance their real estate dreams. With tighter policies, the mortgage qualification criteria are stricter than ever, and this directly impacts the homebuyer market. With a higher qualifying rate, an environment of increasing interest rates, a slowing home sale market, and more stringent lender policies, … Read more
I want to wish you and your family a blessed and wonderful Holiday Season, and a happy, healthy, and peaceful New Year 2019! If you need any assistance from Chris Jung during the holiday season, feel free to get in touch with me by clicking here.
Vancouver is considering allowing duplexes in most areas of the city currently restricted to single-family homes, and the plan has prompted a lengthy public hearing that is far from over. The city clerk says 73 people signed up to speak at the hearing that began early Tuesday evening and adjourned hours later with 34 speakers … Read more
David Rosenberg, chief economist and strategist at Gluskin Sheff + Associates, joins BNN Bloomberg to weigh in on Canada’s latest jobs data, the Bank of Canada’s next moves and his outlook for markets as rates rise.
TORONTO — A new report says Canadian commercial real estate transactions hit a record high in the second quarter, driven by two major deals and continued strength of the Toronto and Vancouver markets. The report by CBRE Canada says deals totalled $16.5 billion, up 38 per cent from the previous high of $12 billion reached … Read more
Though Vancouver’s industrial market cooled slightly during the second quarter, its performance since the beginning of 2017 has made it one of the hottest industrial markets in the world this year, according to CBRE data.
A new housing project in Port Moody will give local tenants a chance to become homeowners in the development. Thirty of the 358 units to be constructed at 50 Electronic Avenue are going to be rent-to-own homes. Affordability is expected to be achieved through two measures. One is that rents will be charged below market … Read more
The unprecedented momentum in Canada’s leading commercial real estate market will carry it well into 2018 and likely further, Vancouver analysts say. Vancouver has Canada’s lowest office vacancy rate, and new office towers are pre-selling space at record-shattering prices. The largest industrial developments in Metro Vancouver’s history are underway as industrial lease rates increase and … Read more
