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All posts by Freddy Marks

Province to introduce cooling-off periods for home buying

“We’re not sure what ­problem they are trying to solve with this,” says Victoria Real Estate Board president2 days ago By:  Andrew Duffy The province’s ­announcement that it plans to impose a ­cooling-off period on home purchases took the industry by surprise and solves a ­“problem” that doesn’t exist, says the president of the Victoria Real Estate […]

Top western towns for real estate investors 2021-22

Western Investor’s annual forecast of top investor towns looks at five centres that are riding out the pandemic and look solid for investors into 2022Nov 3, 2021 12:01 PM By:  Frank O’Brien PreviousNext1 / 5 Victoria: industrial strata, such as this new project by PC Urban, is perhaps the best investor play in B.C.’s capital region. | PC UrbanExpand No. […]

Mortgage defaults remain very low, lenders say

Canadian Bankers Association says only 0.18 per cent of Canadian homeowners are underwater, despite record-high home high prices and mortgage debt 2 days ago By:  Frank O’Brien When COVID-19 led to business lockdowns and layoffs early in 2020, there was widespread concern of a looming spike in mortgage defaults.  Yet, despite a record rise in Canadian mortgage debt […]

Housing-market risk jumps to high in Canada government rating

Canada’s housing agency said the country is now at high risk of a sharp correction in home valuations as the continued appreciation in prices becomes unmoored from economic fundamentals. The Canada Mortgage and Housing Corp. raised its market risk assessment to high from moderate on Tuesday, in a report showing both activity and prices remain near record […]

Billionaires battle over False Creek land deal

Billionaires battle over False Creek land deal Vancouver’s Concord Pacific squares off in court against Singapore-based investor Oei Hong LeongSep 23, 2021 7:15 AM By:  Chuck Chiang, Business in Vancouver The legal battle over the former Expo ’86 lands continued this month, when developer Concord Pacific Group appealed a court decision that awarded “special costs” in the […]

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