04Jul

Brexit vote could heat up Canadian real estate market

[ Source:  The Globe and Mail, July 4, 2016 ] Realtors in Toronto and Vancouver are pitching Canadian cities as relatively safe property havens now that London, for years one of the world’s leading targets of foreign capital, suddenly looks a lot riskier. Blame it on Brexit. “Brexit’s good for us, not for them,” said Anita Springate-Renaud, owner of Engel & Volkers’ brokerage in Toronto, who expects to field calls from clients seeking to redirect their investments. “We are a safe bet.” If [...]

International Influence, Vancouver Real Estate
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03Jul

Revitalization deals floated as way to slow pace of Vancouver’s heritage house teardowns

[ Source:  Vancouver Sun, July 3, 2016 ] Michael Bruce used to build new homes on the west side as a way to keep busy after retiring. But these days, the Point Grey resident has gone in a completely different direction — to the east side of Vancouver renovating heritage homes. “I used to build Craftsman-style houses that were copies based on these houses. But over time, I found it to be more profitable and more interesting to me not to be building [...]

Vancouver Real Estate
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30Apr

2nd Quarter 2016 Canadian Economic Update – Your Dollars & Sense

QUARTERLY HIGHLIGHTS Q2 – APRIL 2016 - VERICO’s Economic Consultant, Michael Campbell helps us to understand the contributing factors to the strong performance of the Canadian Economy and what foreign investment really means for housing prices in Vancouver and Toronto. – A VERICO Exclusive. INTEREST RATE HIKE? The Bank of Canada (BOC) says there will be no interest rate hikes in 2016. There’s no need for one as there's no inflationary pressure or demand pressure. The manufacturing sector may be recovering but it's not expanding – [...]

Quarterly Economic Update, Vancouver Real Estate
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