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You are here: BC > Burnaby South > Central Park BS > 5655 Inman Ave > North Parc
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You are here: BC > Burnaby South > Central Park BS > 5655 Inman Ave > North Parc
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Building & Condo information

North Parc

5655 Inman Ave, Burnaby South, V5H 2M2VBSCP - Central Park BS

Official Website: www.northparchomes.ca Marketers Website: suttoncentrerealty.com
  • Levels: 3
  • Suites: 41
  • Status: Completed
  • Built: 2012
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: BCP45330
  • Management company:  
  •  Bldg#: 5185

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Building Info

North Parc - 5655 Inman Avenue, Burnaby, BC V5H 2M2, Strata Plan No. BCP45330, 3 levels, 41 units, estimated completion 2012 - located at the corner of Kingsway and Inman Avenue in Central Burnaby. Developed by well established European builder Melrose Development Ltd., North Parc is a brilliant collection of 41 Craftsman-style condos featuring one and two bedroom homes. Located in Central Park neighborhood, North Parc homes feature spacious balconies, 9 foot ceilings, elegant hardwood laminate flooring in the kitchen, dining and living areas, durable stain resistant carpeting in the bedrooms, full wrap around European cabinetry with decorative wood grain accents, granite countertops with tiled backsplashes, stainless steel Whirlpool appliances, and spa inspired bathrooms with brushed stain nickel finishing. The building also has a car wash facility, lush landscaped green space area, underground storage, bike lock up area, and secured gated underground parking.

Being right adjacent to Burnaby Central Park is one of the huge Wow Factors, and Patterson Skytrain Station is at your doorstep - 20 minutes away from Downtown Vancouver, Vancouver International Airport, and 15 minutes away from New West and Lougheed Centre. Also North Parc is steps away from Metrotown Shopping Center, Crystall Square Mall, Burnaby Public Library, Station and the Kingsway diversity of services & shop - North Parc 's central location puts you in control.


Sales Centre: suttoncentrerealty.com
Official Website: www.northparchomes.ca
Phone: 604-889-7008
Email: aalves@sutton.com
Sales Address: 4093 Kingsway Avenue Burnaby
Strata Sub Categories: Strata

North Parc Technical Info

Building Name North Parc
Address 5655 Inman Ave
City Burnaby South
Neighborhood Central Park BS
Listing Price Range N/A
Floors 3
Units in Development: 41
Units in Strata:41
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2012
Developer Melrose Developments Ltd.
Official Website www.northparchomes.ca
Restrictions Details
Strata Plan BCP45330
Title to Land Freehold Strata

North Parc MLS® Listings And/Or Area MLS® Listings

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Other Buildings in Complex and/or Area

  1. Central Park Place - 5663 INMAN AVE - NWS3102
  2. Parkview Place - 5674 JERSEY AVE - NWS2842
  3. Amble Green - 5565 INMAN AVE - NWS3342
  4. Cameray Gardens - 5715 JERSEY AVE - NWS289
  5. Clarke House At Central Park - 3895 SANDELL STREET - BCS2392
  6. Sheffield Court - 5635 PATTERSON AVE - NWS3084
  7. Orchard Court - 5575 PATTERSON AVE - NWS2840
  8. Decorus - 5588 PATTERSON AVE - BCS3355
  9. Central Park Place - 5652 PATTERSON AVE - NWS429
  10. Patterson Court - 5400 PATTERSON AVE - NWS3153
  11. Cottonwood South - 5667 SMITH AVE - LMS2923
  12. Cottonwood Grove - 5577 SMITH AVE - LMS2151
  13. Aldynne on the Park - 5808 Patterson AVE -
  14. Sardis Court - 4155 SARDIS STREET - LMS1575
  15. Central Park Place - 4160 SARDIS STREET - NWS429

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(Note: We are not rental agents, please contact poster of each Ad.)

# Address Building City BD BA Rate Area Type F/UF F/P AVAIL SRC Map it BNB
1 4132 Halifax St Marquis Grande Bur 2 2 $2,100 - - UF - 09-29 FS Map it BNB
2 6632 Bainbridge - Bur 3 2 $1,700 - - UF - 10-01 FS Map it BNB

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Important note to Users :
Dear potential renters, we want to advise all our website visitors that we do not do rentals, we simply post rentals from different internet feeds (as a courtesy to potential renters that visit either BCCondos.net & RentCan.ca).These feeds are all automatic feeds from different rental sites like Padmapper,Craigslist,1st Service Residential, VRBO, Vancouver Relocations and others. We have nothing to do with what is posted. It is on the user to verify the identity of the suite renter.

Click on the map to go to LIVE map of Burnaby South.

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Housing Market Update for August 2016

BCREA Housing Market Update September 2016)

BC residential sales increased by 1.5% in August compared to last year.

Housing Market Update for July 2016

July had 3,226 home sales, down 26.7% from last month. 8,351 homes available in July, up 7% from last month.

BCREA Housing Market Update (August 2016)

Update: What BCREA’s Doing About the IAG Recommendations

BCREA Housing Market Update (July 2016)

9,900 sales across the province in July, down 4.3% from last year. Listings across the province are down 26%.
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Real Estate Related News Articles(Sun and Province) Search News  

# Article Publish Date Source
1 AirBnB and Other Short-Term Rentals to Require Business Licence: City
AirBnB short term rentals are being attacked by the City of Vancouver in an effort to get more long term rentals available.
Mayor’s office announces next step in attempt to improve rental supply with
2016/09/29 REW
2 Sunstone at 10500 Delsom Crescent Delta by Delsom Developments
Sunstone Village by Delsom Estates is featured
The master planned community includes more than 200 homes within a fairy-tale-
2016/09/29 The Province
3 Fairwinds at Hampton Cove 147 townhomes at 5550 Admiral Way Ladner by Polygon Fairwinds homes Ltd
The design and features of the display home at Fairwinds is outlined
Fairwinds at Hampton Cove combines calm seaside theme with fun details and gro
2016/09/29 The Province
4 Wise for stratas to review agreements where air space parcels are involved
Tony outlines the different 'sections' within a mix use strata and explains air space parcels.
Air space parcel agreements worth auditing
2016/09/29 The Province
5 Metro Vancouver housing prices to double in 25 years: Economist
Economists predict that a million people with move here by 2041. The geographically constrained Metro Vancouver will be hard pressed to supply housing for this increase in populating.
More people and lower supply will affect the cost of housing #LesTwarog
2016/09/28 The Province
6 Before you buy a house: Feng Shui Checklist
Five essential tips to 'Feng Shui' your home
5 steps to ensure your new home has good feng shui #LesTwarog
2016/09/28 other
7 Feng Shui - Developers can improve sales by using feng shui before building
Feng shui is the interaction of form, light, and balance.
For a quicker sale, or for wealth and happiness in your new home #LesTwarog
2016/09/28 The Province
8 Landmark West End hotel likely to be demolished to make way for condo development
The Empire Landmark Hotel at 1488 Robson street will be demolished and replaced by 2 towers with 280 dwelling units, 57 of them social housing.
Vancouver's Empire Landmark hotel facing demolition #LesTwarog
2016/09/24 The Vancouver Sun
9 Regulator Tightens Capital Rules for Canada Mortgage Insurers
The new rules are to allow insurers to withstand severe but plausible losses. The new regulations take effect January 1, 2017
CMHC, Genworth and Canada Guaranty Mortgage Insurance Co. are in the forfront
2016/09/23 Bloomberg
10 B.C. numbers show drops in foreign property buyers since targeted tax
The latest results of the tax show that 55% of all residential property deals in Greater Vancouver were foreign buyers.
The foreign buyers tax has resulted in a massive decline in foreign purchases
2016/09/22 REP
11 Foreign Purchases of Local Homes Hit Brakes after Tax Introduction: New Data
Figures for how much foreign purchases of real estate has dropped in Greater Vancouver is revealed.
New figures from BC finance ministry reveal flood of sales to foreign buyers i
2016/09/22 REW
12 Cascade at the Pier – Cascade West (175 Victory Ship Way) Cascade East (185 Victory Ship Way) a total of 201 homes by Pinnacle International
Twin buildings mark the Cascade at the Pier in North Vancouver. Amenities and features are outlined in the article.
Big outlooks on offer at Cascade at the Pier
2016/09/22 The Vancouver Sun
13 Virtuoso at 3581 Ross Drive 106 homes by developer Adera Developments
Extraordinary designs at Virtuoso display home shows what the building is all about.
UBC-AREA DEVELOPMENT: Neutral interiors provide backdrop to Virtuoso’s surro
2016/09/22 The Province
14 West Vancouver wins 'locals first' sales plan from condo developer
Westbank Corp. and the Sewells have rezoning approval for a condo project in Horseshe Bay.
Residence who work or own businesses in West Vancouver preferred purchasers #L
2016/09/22 The Province
15 New sales figures show dramatic drop after B.C. foreign buyer tax
A drop of 97% in the number of foreign buyers in Vancouver. The government lost $2.2B in taxable sales in the process.
An almost total collapse in foreign buyers since August #LesTwarog
2016/09/22 The Province
16 B.C.-esque tax in Toronto would be disastrous - lawyer
Foreign ownership in the Toronto real estate market is discussed.
There are more foreign owner in Toronto than in Vancouver #LesTwarog
2016/09/22 Mortgage Broker News
17 Feds finally tackle real estate issues
Weak inflation and other economic indicators have kept the interest rate at current levels.
The Federal Reserve held interest rates steady #LesTwarog
2016/09/21 Mortgage Broker News
18 Commissioning of new building crucial for strata council
Commissioning entails getting all records and documents from the developer. Tony outlines the importance.
Commissioning crucial first step #LesTwarog
2016/09/21 other
19 Confidence about Canadian housing at lowest levels since 2009
A survey was conducted asking homeowners how confident they were in real estate values go up or down.
Homeowners preparing for a decline in real estate value #LesTwarog
2016/09/21 Mortgage Broker News
20 Household debt outstrips Canadian GDP for the first time
Canadian households' debt and percentage increase is outlined
Canadian household debt soars to record-high level in Q2 2016 #LesTwarog
2016/09/21 Mortgage Broker News
21 CIBC economist says Ontario will have to tax foreign buyers
Benjamin Tal says Toronto needs to follow Vancouver's initiative and tax foreign buyers.
The government needs to take action to make borrowing harder #LesTwarog
2016/09/20 Mortgage Broker News
22 Money laundering in real estate needs more federal attention - observer
The issue of money laundering in the real estate market is looked at.
Calls for federal intervention on housing situation intensify #LesTwarog
2016/09/20 Mortgage Broker News
23 Proposals for cracking down on tax evasion in hot markets
Different solutions to the tax evasion on investment real estate are outlined.
Richard Kurland argued that it’s high time for stronger intervention #LesTwarog
2016/09/20 Mortgage Broker News
24 Exodus to Toronto and Seattle underway
Purchase inquiries for Vancouver properties fell 81% in August. The foreign buyers tax has pushed the foreign buyers to other areas like Toronto and Seattle.
Luxury home market slips in Vancouver, but picks up in Toronto #LesTwarog
2016/09/20 Mortgage Broker News
25 Canadians cool on home buying despite low interest rates
Most Canadian home buyers are waiting to see what the real estate market will do in the next few months before the commit to a purchase.
Buyers optimistic of a Vancouver, Toronto bargain #LesTwarog
2016/09/19 Mortgage Broker News
26 Canadian home sales decline for 4th consecutive month
The average Canadian home prices decline is discussed.
The average real estate price dropped #LesTwarog
2016/09/19 Canadian Real Estate Wealth
27 Canadian anti-money laundering measures still have ‘significant gaps’ – regulators
Loop-holes in the anti-money laudering regulations are discussed.
Observers question government’s commitment to rooting out B.C. tax evasion #
2016/09/19 Canadian Real Estate Wealth
28 Canada regulator sets out stricter mortgage rules for banks
Canada's financial regulator outlines the new proposed guidelines for mortgage lenders.
Proposal reflects ‘changing risks’ in home-loan market #LesTwarog
2016/09/19 REP
29 Huge tax windfall highlights B.C. economy's dangerous dependence on real estate
The economy of BC is dependent on the real estate industry. De Jong explains why.
BC's Economy Dangerously Addicted to Real Estate #lesTwarog
2016/09/17 The Vancouver Sun
30 Intracorp EXTRA Magazine Fall 2016
Stories, new projects, past developments, success stories
An online magazine of Intracorp activities
2016/09/17 other
31 BCREA Mortgage Rate Forecast
BCREA outlines the 2017 mortgage outlook.
Lower Forever? #LesTwarog
2016/09/17 other
32 ‘Locals first’ plan pitched for West Vancouver condo project
At the proposed 6 building development in West Vancouver purchasers of condos have to sign a declaration that they will live in the units.
Developers say they will ask buyers to sign declaration they intend to live in
2016/09/16 other
33 Canadian home sales drop 3% as Vancouver market ‘brakes more abruptly than anticipated’
A report from the Canadian Real Estate Association.
Home sales in Vancouver that dropped 18% after the foreign-buyer tax was broug
2016/09/15 The Vancouver Sun
34 Western Investor : Digital edition
Commercial real estate magazine
Vancouver, Lower mainland, Vancouver Island Commercial Real Estate #LesTwarog
2016/09/15 Western Investor
35 Housing activists eye provincial election to push for affordable housing
an outline of what HALT is, who is involved and who is affiliated with it.
Housing Action for Local Taxpayers HALT
2016/09/15 Vancouver Courier
36 Canadian Home Sales Take a Vacation in August – Led by Lower Mainland: CREA
CREA analysis the real estate sales comparing year-to-year statistics.
Sales activity down month-over-month in 60 per cent of Canadian markets – an
2016/09/15 REW
37 Kings Crossing by Cressey at 7350 Edmonds Street Burnaby 779 homes in three towers
Describing the design and flow of Kings Crossing in Burnaby
BURNABY: Planned Kings Crossing development caters to cooks, no matter how man
2016/09/15 The Province
38 Home sales fall further in August: CREA
A report by CREA on the decline of homes sales.
Nationally home sales have declined for the 4th month #LesTwarog
2016/09/15 Canadian Real Estate Wealth
39 Vancouver’s Vacant Home Tax to Start in 2017, With Many Exemptions: Mayor
The vacant house tax is outlined
Gregor Robertson reveals more details of proposed new vacant home tax, which i
2016/09/14 REW
40 Vancouver prepares to enact empty homes tax
An explanation of the empty house tax.
Plan is to put tax in place by 2017 and tax 10,800 homes #LesTwarog
2016/09/14 Vancouver Courier
41 Safety concerns start with police
Tony talks about the legality of where a sex offender can live.
Sex offender has a right to live in strata #LesTwarog
2016/09/14 other
42 Vancouver's empty homes tax to be self-declared, up to 2 per cent of value
New details of the tax released.
The empty homes tax to be in place in 2017
2016/09/14 Canadian Real Estate Wealth
43 Vancouver's empty homes tax to be self-declared, up to 2 per cent of value
The purpose of the tax is to encourage owners of vacant homes to put them up for rent.
The empty homes tax to be in place in 2017 #LesTwarog
2016/09/14 Mortgage Broker News
44 BC housing ‘Demand remains strong’
An explanation for the average sale prices of real estate declining.
The ‘average’ price has dropped due to fewer high-end home sales #LesTwarog
2016/09/14 REP
45 Fintrac found 'significant' deficiencies at nearly 500 real estate firms
Federal anti-money laundering and anti-terrorist financing laws require real estate firms to identify their clients, keep records and report large cash deals and other suspicious transactions to Fintrac.
Canada’s anti-money laundering agency conducted on-site examinations between
2016/09/14 Mortgage Broker News
46 Financial veteran spotlights hot markets
Hillard MacBeth suggests that it isn't a lack of supply that is driving the high prices of real estate. He gives info on a posible real estate bubble about to burst.
Buckle up, brokers, you may not agree with this hot take #LesTwarog
2016/09/13 Mortgage Broker News
47 National revenue minister asks CRA to investigate B.C. real estate speculators
The article by the Globe and Mail has the CRA taking action toward real estate speculators
A newspaper investigation of real estate speculators A newspaper investigatio
2016/09/13 Canadian Real Estate Wealth
48 Crack down on real estate tax cheats BC minister urges CRA
The CRA is looking into the practice used by speculators when they flip houses.
Real estate speculators pay little on no tax flipping houses #LesTwarog
2016/09/12 Mortgage Broker News
49 Out of the shadows
A Vancouver Real Estate Broker flips homes he buys. These Speculators cheat homeowners out of 1,000s of dollars.
Loopholes and lax oversight are making it easy for a network of local and fore
2016/09/10 The Globe and Mail
50 1151 Sunset Drive a Kelowna development by Kerkhoff Construction, a 21-storey tower with 117 condominiums
Kelowna looks like the new residential area for baby boomers and young professionals. 1151 Sunset a 21-storey tower might be just the answer.
New dawn on Sunset #LesTwarog
2016/09/10 The Vancouver Sun
51 Fairwinds at Hampton Cove at 5550 Admiral Way Ladner 147 townhomes by Fairwinds Polygon Homes Ltd
Describing one person's experience at Fairwinds by Polygon
Polygon's Fairwinds at Hampton Cove fits the bill for home-hunting pair #LesTwarog
2016/09/10 The Vancouver Sun
52 Foreign buyers are not what’s driving the Vancouver housing bubble, economist says
On economist says there was a 27% drop in home sales in July compared to the previous year.
The foreign buyers tax had very little impact
2016/09/10 The Vancouver Sun
53 Negotiating a fair deal for strata management
Tony outlines what the management company is expected to do for the strata.
Be clear on strata management #LesTwarog
2016/09/08 other
54 Ravenswood at 39289 Falcon Crescent Squamish 106 three and four bedroom homes by Benchmark Homes
Outlining the homes at Ravenswood in Squamish.
WELCOMING FEEL: Every room is set up to appeal to a wide variety of needs and
2016/09/08 The Province
55 Cease and desists letter sent to agent sharing sold data
The dispute is over allowing the public to view sold data.
A website that shares Toronto’s sold data with subscribers has been “tempo
2016/09/08 REP
56 Time of Change for BC Real Estate
BCREA Bulletin outlining current real estate issues.
What Will Happen Next In BC Real Estate Market? #LesTwarog
2016/09/08 other
57 Mahogany at 2108 Gladwin 26 storey tower by Quantum Properties
Mahogany at Mill Lake Abbotsford will be completed in 2018. The building has the first 3-storeys as commercial space.
Hot market fuels rise of Abbotsford's tallest tower #LesTwarog
2016/09/07 The Vancouver Sun
58 Strong housing making Vancouverites millionaires - in theory
WealthScapes a marketing service firm, Environics Analytics explains why Vancouver is becoming a city of millionaires.
WealthScapes analyses Vancouver real estate #LesTwarog
2016/09/07 Canadian Real Estate Wealth
59 Investor responds to criticism about popular housing investment type
The Rent-to-own real estate option is discussed.
RTO is an excellent opportunity for buyers as well as sellers #LesTwarog
2016/09/07 Canadian Real Estate Wealth
60 Canadians starting to get anxious about housing sector’s stability – poll
Bloomberg Nanos Canadian Confidence index poll is showing an uncertainty in the real estate market.
Nanos index shows instability #LesTwarog
2016/09/07 REP
61 Potential regulation for Airbnb rentals
Airbnb a short term rental company were home owners can register their property for short term rentals is discussed.
The Condominium Act should be addressing specifically the use of short-term re
2016/09/07 REP
62 Bank of Canada makes rate announcement
Second quarter economy shrank slightly, but will bounce back by the end of the year.
Target rate held at ½% on Wednesday #LesTwarog
2016/09/07 Canadian Real Estate Wealth
63 Vancouver’s August sales plunge to 4-year record low
The Real Estate Board of Greater Vancouver announced the stats for August.
Lower prices in Vancouver could hurt major banks #LesTwarog
2016/09/06 Mortgage Broker News
64 Vancouver sales return to “historical normal” levels
August sales were down 26% from the same month last year.
August was hit hard with low home sales #LesTwarog
2016/09/06 REP
65 Metro home sales slide in August as prices climb
Facts on home sale figures for August Released on September 2.
Is Vancouver's housing market losing its sizzle? Some facts on August home sal
2016/09/04 The Province
66 Virtuoso 3581 Ross Drive UBC 106 homes in a 6 storey building by Adera Development
Adera's new project, Vituoso at UBC is outlined.
Virtuoso marks Adera’s 10th project in amenity-rich UBC neighbourhood #LesTwarog
2016/09/03 The Vancouver Sun
67 Collapsing or cooling? Vancouver real estate market data's mixed messages
The real estate board says sales are down but prices are up. A real estate consultant says there is a rapid deflation of an overvalued market.
Statistics present widely divergent pictures of the Vancouver housing market
2016/09/03 The Vancouver Sun
68 Industry self-interest clouding discourse around B.C. tax – analysis
A report for the Globe and Mail suggests the BC government acted on the foreign buyer's tax for votes.
Majority of foreign buyers buying luxury homes #LesTwarog
2016/09/02 REP
69 Vancouver searches plunge on Chinese real estate site
The Chinese language site juwai.com normally has 3,000 residential listings from BC. Last week there were only 300.
Inquiries for luxury homes dropped 55 per cent after foreign tax introduced #L
2016/09/02 Vancouver Courier
70 RECENT REGULATION REGARDING ASSIGNMENTS
The article outlines the regulation and the changes
Flipping concerns led government to amend the assignment of Contracts of Purch
2016/09/02 other
71 Sale of your principal residence
Information from the government of Canada on when capital gain on your property have to be paid.
Capital gain payable on non-principal residence #LesTwarog
2016/09/02 other
72 Number of home sales fall in Metro Vancouver after tax
According to Nancy Beaton, the president of SnapStats, preliminary numbers indicate that sales of single family detached homes have dropped by 47 to 54 per cent in Vancouver, Richmond, Burnaby and Surrey.
But prices haven't dipped much and it's too early to call it a trend, says ind
2016/09/01 other
73 Tax shows no sign of slowing luxury condo market as Bosa's Cardero project sets new high price
The price per square-foot of $1,750 surpasses that of Trump International Hotel and Tower. Only the larger two and three bedroom units are unsold.
Real-estate tax shows no sign of slowing Vancouver's luxury condo market #LesTwarog
2016/09/01 The Vancouver Sun
74 The cost of borrowing money
Tony talks about financing projects and service agreements.
Borrow from contingency fund to avoid loan charges #LesTwarog
2016/09/01 The Province
75 Cardero at 1575 W. Georgia 184 homes in a 26 level tower by Bosa Properties
The new inspiring tower by Bosa Properties is highlighted.
Inspiration from Milan guides style decisions for Bosa Properties #LesTwarog
2016/09/01 The Province
76 Strong BC Economy Fuels Growth in Commercial Real Estate
BCREA report on the Commercial Real Estate leading indicator (CLI)
The CLI increased 1.7 index points #LesTwarog
2016/09/01 other
77 Home buyer's resource guide
A magazine by REAL ESTATE WEEKLY for the home buyer.
Essential advice and checklists for every step of home buying #LesTwarog
2016/09/01 REW
78 Fifth Dimension - A comprehensive analysis of the multifamily real estate market in Metro Vancouver
Second quarter report on the real estate performance in Metro Vancouver.
Record Breaking Year Projected Despite Tax Hang Over #LesTwarog
2016/09/01 other
79 Fortress Real Developments speaks out
Explanation of the lawsuit between mortgage providers and Fortress development.
The Collier Centre in Barrie is almost complete #LesTwarog
2016/08/31 REP
80 Canada’s housing in “extreme bubble” says ex-Lehman exec
Debt-to--income ratio is at 165% for most Canadian households.
Financial institutins say they are prepared for a price correction #LesTwarog
2016/08/30 REP
81 Changes coming to BC real estate industry
Christy Clark's government is to take over the BC Real Estate Council's regulation of member REALTORS
A new superintendent of real estate to take over rule-making authority
2016/08/30 Mortgage Broker News
82 Condo Hotels and Mixed Apartment Hotels: Are They Worth the Investment?
A discussion on the benefits and downside of condo investments.
Tempted by a brand name and great facilities for your unit? Atrina Kouroshnia
2016/08/29 REW
83 Record slump in Canadian house price confidence
Bloomberg Nanos Canadian Confidence Index is outlined on real estate, income and spending.
Surging Bets on Canadian Home-Price Decline Dent Confidence #LesTwarog
2016/08/29 Mortgage Broker News
84 Next steps for real estate board amalgamation announced
REALATORS vote on the idea of amalgamation in December.
Participants in the vote are BC Northern Real Estate Board, Fraser Valley Real
2016/08/29 REP
85 Trump Tower impacted by 15 per cent Vancouver tax
The tax, in the long run, might not hurt the market going forward. It's the retroactive deals that are harmful.
Foreign buyers of units in Holborn Properties’ Trump Tower in Vancouver coul
2016/08/29 Mortgage Broker News
86 Realtor suspended over association with Chinese website
Alban Wang paid referral commissions to an unlicensed real estate company, vanfun,com, which was originally started in Richmond but based in China.
Alban Wang paid $208,881 out of his commissions by 17 deals referred to him fr
2016/08/29 other
87 Kings Crossing 7350 Edmonds Street Burnaby 779 homes in 3 buildings by Cressey Development Group
Kings Crossing a new complex development by Cressey, in the beautiful neighbourhood of Edmonds in Burnaby.
Cressey’s Kings Crossing ready to make regal mark #LesTwarog
2016/08/27 The Vancouver Sun
88 Realtor accepted referrals from unlicensed website
Wang completed 17 property transactions on leads from the Chinese referral company.
B.C. realtor suspended for accepting referrals from unlicensed brokerage websi
2016/08/26 The Vancouver Sun
89 Airbnb offering $250 for new hosts in rental-squeezed Vancouver
Airbnb has 4,200 listings in the Vancouver area and wants more.
SHORT-TERM RENTALS: Promotion coincides with report to be delivered by city st
2016/08/26 The Province
90 Too soon to judge tax on foreigners, B.C. says as house sales stall
The government is playing it cool towards the drop of single family homes in Metro Vancouver
MLS figures show house sales in Metro Vancouver have slowed dramatically #LesTwarog
2016/08/26 The Province
91 Bridal Falls Resort
Cottages, lots, RV parking all available at Bridal Falls.
Cottages and lots at spectacular value #LesTwarog
2016/08/26 REW
92 High credit scores reduce risk in hottest markets says CIBC
CIBC not worried about default on most of its mortgages
Serious arrear rates are low in Vancouver
2016/08/26 Mortgage Broker News
93 MLS data shows major correction ongoing in most of Metro Vancouver
The average home price in Vancouver dropped by 24% in the last quarter.
Vancouver might be cooling even prior to new tax #LesTwarog
2016/08/26 Canadian Real Estate Wealth
94 BC Home Sales to Climb 10.4% in 2016 Despite Vancouver Slowdown: BCREA
Analysis of the 2016 real estate market to date.
Provincial association predicts record transactions and continued rising price
2016/08/25 REW
95 House sales plunge on Vancouver's West Side
Sales are are down in Richmond and Vancouver as much as 71% over the same period last year.
Higher-end markets in Vancouver, Richmond see house prices reverse for first t
2016/08/25 Vancouver Courier
96 Debt type determines ways to collect
Tony explains the types of debts and how to go about collecting.
BC has progressive and effective legislation for strata corporations to collec
2016/08/25 The Province
97 McKinnon 2102 West 48th Avenue 40 homes in a 4-storey building by Cressey
The Kerrisdale development, designed by Scott Trepp, displays 'personality'.
FOCAL POINT: Each room has one piece that acts as a conversation starter for a
2016/08/25 The Province
98 Metro house sales plummet after offshore tax introduced
Sales of detached houses fell off a cliff in Metro after the tax on foreign buyers kicked in. Numbers for Aug. 1 to 15 were as much as 86% below the period last year
SUMMER SLUMP #LesTwarog
2016/08/25 The Vancouver Sun
99 Real estate association releases Q3 forecast
The article outlines the latest stats from the BCREA.
Stats from BCREA 3Q for 2016 #LesTwarog
2016/08/25 REP
100 Record BC Home Sale Forecast Despite Vancouver Slowdown
The latest BC Real Estate Association stats for real estate sales and listings for BC.
BCREA 20 1 6 Third Quarter Housing Forecast Update #LesTwarog
2016/08/25 other
101 Risks present in Canada's hottest housing market, according to one agency
Vancouver's housing market is showing signs of cooling, which started before the foreign buyer's tax was implemented.
Was the foreign buyer’s tax necessary? #LesTwarog
2016/08/24 Canadian Real Estate Wealth
102 Over 70 agents owed more than $1M after company closure
Calgary real estate agents face hard times as brokerage firm closes. The real estate council do not insure commissions and failure of a brokerage to pay is not protected.
Discover Real Estate Brokerage closed leaving their agents unpaid
2016/08/24 REP
103 Royal Bank 'closely monitoring' housing markets in Vancouver, Toronto
The short supply of single family homes and the strong demand is fueling the rapid increase in house prices in Toronto and Vancouver.
Lenders have added more insurance on loan portfolios #LesTwarog
2016/08/24 REP
104 Stimulus Stockpile Means Trudeau Isn’t in a Rush to Double Down
Stimulus money is not being used as it should be.
Signs show Trudeau in no rush for stimulus #LesTwarog
2016/08/24 The Vancouver Sun
105 Study: average Canadian family spent more on taxes than food and housing combined last year
The Study was carried out by The Fraser Institute. They brake down what the average Canadian pays for taxes on health, sales, liquor and imports.
What does the average Canadian family pay in taxes? #LesTwarog
2016/08/23 Canadian Real Estate Wealth
106 Vancouver tax leaves housing market vulnerable says Fitch
The Report suggests adverse conditions due to the foreigner buyer's tax.
The 15% tax could lead to rising unemployment
2016/08/23 REP
107 Gellatly Place 4215 Gellatly Road West Kelowna 33 condos in phase 1 of three phases marketed by Fortune Marketing
Gellanty Place in beautiful West Kelowna, affordable for now. West Kelowna Yacht Club is about half a kilometre away.
Gellatly Place balances rural living with all the amenities #LesTwarog
2016/08/20 The Vancouver Sun
108 Ravenswood 39289 Falcon Crescent Squamish 117 single family homes by Benchmark Homes
Squamish is a short commute to Vancouver and offers a lifestyle that is relaxed and peaceful.
Squamish development Ravenswood offers an idyllic mix of value and lifestyle #
2016/08/20 The Vancouver Sun
109 Concord Pacific sues city over False Creek land development
Concord Pacific bought 200 acres of Expo 86 land in 1988 then gave the city a portion for social housing. Now the city is selling the land for commercial residences in a high rise.
Does Concord Pacific care about social housing the height of the building blo
2016/08/20 The Vancouver Sun
110 Is there a limit to social housing?
58 West Hastings vacant lot proposed to be 100% social housing. Low income earners are constantly looking for affordable housing.
Squeezed middle class has a right to ask where government’s priorities lie #
2016/08/20 The Vancouver Sun
111 Real-time sales numbers show a decline in 'average' Vancouver home prices
Zolo, a real estate brokerage firm has been monitoring home sales over the past year. They say that home prices are dropping in 'real time'.
Average price of home in Vancouver dropped 21.4 per cent in past month #LesTwarog
2016/08/19 The Vancouver Sun
112 MORE SUPPLY WON’T MAKE HOUSING ANY CHEAPER
Elections are a coming .... promises are in the air.
And transit plans must suit our city, not the reverse #LesTwarog
2016/08/19 The Vancouver Sun
113 ‘Warehousing’ compromises safety
'Warehousing' the act of family buying or renting a condo / apartment to house their elderly parent(s), leaving the care to someone else.
RISKS: Take the right steps to ensure the security of residents is maintained
2016/08/18 The Province
114 The Crossing at 288 171 Street Surrey 67 townhomes by Gramercy Developments Ltd
The Crossing townhouses are away from the hustle of main town Surrey in a peaceful setting, yet close enough to all amenities.
The Mill Design Group helps bring the funk to The Crossing by Gramercy Develop
2016/08/18 The Province
115 Vancouver rents on track to jump 20% in 2016
Rents in 2014 and 2015 rose by 4.3%. Rents in 2016 rose 20%, due to the increase in house prices.
Data from online listings show rent rates mirrored the steep increase seen in
2016/08/18 Metro
116 Equifax releases latest country-wide delinquency stats
Delinquency rates for seniors declined in the last year. All others increased.
Delinquency rates by Millenials in on the rise #LesTwarog
2016/08/18 REP
117 Langley home for sale again
The rancher at 19877-46A Ave. hasn't been lived in for months, but it is on the market for the 4th time in six months.
Are you flipping kidding me? #LesTwarog
2016/08/17 The Province
118 Chinese agents miffed by B.C.’s new tax
The liberal government's foreign tax of 15% is quoted as a 'political' move for votes not for home prices.
How can a foreigner trust Canada if they feel that Canada wants to punish them
2016/08/17 Canadian Real Estate Wealth
119 How the new foreigner tax is affecting Canadian homeowners
Homeowners left with loosing their down payment and being sued for not completing a purchase after their house failed to sell because of the new tax
In transition state homes are in status quo mode #LesTwarog
2016/08/17 REP
120 Vancouver to build 400 new affordable homes to stem housing 'crisis'
The City of Vancouver is going ahead with building rental housing on government owned land.
Vancouver’s housing ‘crisis’ births plan to develop city-owned lots #LesTwarog
2016/08/16 The Vancouver Sun
121 Canadian Real Estate Association says home sales volume down 1.3% in July
It appears that the Vancouver real estate market was slowing down before the foreign buyers tax took effect.
Vancouver Leads Third Straight Fall in Canada Home Sales #LesTwarog
2016/08/15 other
122 SOVEREIGNTY ‘SLIPPING’
Free-market worldview, the unrestricted movement of money and migrants. The 15% tax, lobbyists say, contravenes the North American Free Trade Agreement. The NAFTA, some say, is affecting Canadian Sovereignty.
Housing debate shows erosion of nation states like Canada #LesTwarog
2016/08/13 The Vancouver Sun
123 Lakepoint One 1311 Lakepoint Way Langford 46 condos in a six storey building by Westhills Land Corp
Westhills community is a 500 acre development 30 minutes northwest of Victoria. The community has single family homes and condo units.
Westhills community in Langford expands its offerings #LesTwarog
2016/08/13 The Vancouver Sun
124 Cardaro at 1575 West Georgia 119 homes in a 26 storey tower by Bosa Properties
A description of the show suite at Cardero residences designed by Henriquez.
Cardero development sets high bar for sophistication #LesTwarog
2016/08/13 The Vancouver Sun
125 Chinese Envoy Challenges Vancouver Home Tax as Fallout Spreads
The foreign buyer's tax is affecting foreign students as well as Canadian sellers. Thousands of deals are in jeapardy and legal action is expected.
Liu Fei is latest critic to question rationale behind real estate levy #LesTwarog
2016/08/13 The Vancouver Sun
126 CIBC expert warns that housing market curbs could hit economy
The rising house prices do not boost the economy as many have to scrimp and save to afford the downpayment.
Housing markets do not have to see a boom and bust cycle, if the right policie
2016/08/12 REP
127 Vancouver real estate: Doubts about foreign-buyer tax leave Trudeau in bind
Attacks to contain Vancouver and Toronto rising real estate costs could trigger a decline in the rest of the economy. Prices have been rising at +10% a year, the Federal government feels that 15% isn't enough.
Foreign-buyer tax puts the ball in Ottawa’s court #LesTwarog
2016/08/12 The Vancouver Sun
128 Ottawa in bind over new Vancouver tax
The fight over densification and sprawling suburbs is have a great effect on the real estate market and the plowing over farm land.
Feds concerned about effectiveness of real estate levy and overall economic im
2016/08/12 The Province
129 Premier’s new foreign ownership tax involved fire, aim, ready
Again the flip flop of the government on the real estate issue. First it was not important, then is was a rush job to make a foreign tax law.
B.C. housing fix no more than a knee-jerk muddle #LesTwarog
2016/08/12 The Province
130 B.C. strips rights of condo investors, according to investor
Hycroft Towers has a 1 rental unit allowed for the 158 units in the building. The strata council won an appeal to the bylaw.
An investment without appreciating the bundle of rights attached to the invest
2016/08/12 Canadian Real Estate Wealth
131 ‘Memorial garden’ disrupts needed repairs
The Strata Corporation will have to respect the cremated remains, but the repairs have to be made. Compromise is necessary.
Garage work disrupts memorial garden #LesTwarog
2016/08/11 The Province
132 Residence at Gateway 33553 Marshall Road Abbotsford 48 homes in a 6 storey wood frame building by Boulevard Group
For people who are looking to downsize without giving up needed storage, Residences at Gateway should be your choice.
Single-level living a big draw at the Residences at Gateway #LesTwarog
2016/08/11 The Province
133 Housing Market Slows to a Simmer in BC
The less frenetic pace of sales provides a boost to the inventory of homes for sale.
BCREA reports a drop in sales in July #lesTwarog
2016/08/11 other
134 Sales down in B.C.
House demand is moderate providing a needed boost in inventory of homes.
Residential unit sales fell 3.4% in July #LesTwarog
2016/08/11 REP
135 A number of sellers willing to sell below value
A debate is ongoing with the Vancouver Home Project where homeowners willing to sell below market value are paired with buyers, and the conventional way real estate is transacted.
Vancouver Home Project – connecting sellers with buyers #LesTwarog
2016/08/10 Canadian Real Estate Wealth
136 Point Grey cube house 'will be stunning' when finished, realtor promises
The Point Grey home designed by Tony Robins is not for everyone. The unique house is estimated to sell between $8.5 and $10 million.
Prospective buyers are making calls about criticized Point Grey home #LesTwarog
2016/08/09 The Vancouver Sun
137 Realtors send grieving man business cards
Realtors in Surrey recently sent a sympathy card to a family who lost a loved one. Included in the card was there business card and solicitation to help with their real estate needs.
Daughter lashes out at two agents who tried to drum up her father’s business
2016/08/09 The Province
138 Wave of stratas could disband, sell whole buildings to developers after new legislation
About 24 stratas across Metro Vancouver are debating on whether to dissolve their stratas and sell the entire building to developers.
Stratas poised to disband and sell off condo buildings #LesTwarog
2016/08/08 The Vancouver Sun
139 Options for millennials seeking their own detached homes
Millennials have a decision to make in their home buying, detached home, condo, urban, suburban.
Millennials’ delicate balancing act between education and ownership #LesTwarog
2016/08/08 Canadian Real Estate Wealth
140 Markets hot and cold
Everyone in Seattle wants to rent, which makes it a great place to invest. Hamilton is coming around as a good place to invest.
The markets to target and avoid, according to one investment veteran #LesTwarog
2016/08/08 Canadian Real Estate Wealth
141 Leave ethnicity out of real estate debate
Why blame foreign immigrants for the rise in real estate prices when the problem is a lack of homes for sale.
We must work together to solve affordability crisis #LesTwarog
2016/08/08 The Vancouver Sun
142 Is Montreal the next big foreign buyers' haven?
Montreal real estate market is not as hot as Toronto or Vancouver. Foreign buyers will seek investments outside BC.
The French language is a major deterrent for the Chinese to settle in Montreal
2016/08/08 Mortgage Broker News
143 Prices in GTA up by more than 20 per cent in July
Toronto is having the same problem that Vancouver is having. Demand is high and inventory is low.
Toronto Real Estate Board says prices in the Greater Toronto Area are up #LesTwarog
2016/08/08 Mortgage Broker News
144 Developers concerned about impact of new tax on cooperative ventures
A debate is rising over development company investors and the impact that will have on new projects.
A development company who has foreign investors would be hit with the 15% tax
2016/08/08 Mortgage Broker News
145 Scuttled Home Purchases, Legal Risks Mount From Vancouver Tax
Like dominos falling in a row real estate deals are falling apart because of the new foreign buyers tax.
More than 400 deals reported to face collapse after new tax #LesTwarog
2016/08/07 other
146 MILLENNIALS WON’T WAKE FROM DETACHED DREAMS
The real estate industry says provincial regulations encouraging density and choking off developable land has created the imbalance between supply and demand.
Despite record high prices and big risks, gen Y chasing hot homes #LesTwarog
2016/08/06 The Vancouver Sun
147 Foreign buyers tax a threat to the rule of law
The Urban Development Institute estimates that as many as 3,000 pre-sale deals involving foreign buyers are affected by the new tax.
Failing to exclude existing deals injects uncertainty into investment climate
2016/08/06 The Vancouver Sun
148 Vancouver leads world again in property value increases
House prices rose 36% over the past year making it the highest in the world.
Canada's national housing agency rang more alarm bells about Vancouver's real
2016/08/06 The Vancouver Sun
149 SKAHA HILLS 501 Skaha Hills Drive Penticton 24 condos in the master planned community of 600 homes by Greyback Developments
The 24 homes are divided in 2 buildings overlooking Skaha Beach. The homes have an open concept with lots of natural light.
Latest phase of Okanagan development has spectacular sights #LesTwarog
2016/08/06 The Vancouver Sun
150 McKinnon 2102 W 48th Avenue 40 homes in a 4 storey building by Cresssey Development Group
Kerrisdale residents who are downsizing and want to stay in the same area are moving to large condominiums. McKinnon is the ideal place.
Single family homeowners in tony community part of builder’s target market #
2016/08/06 The Vancouver Sun
151 Foreign buyer study not a waste: province
The study, which will be finished by the end of the year, is a complex issue. The opposition thinks othewise.
Incomplete government study on foreign buyers now a waste of money: Opposition
2016/08/05 The Vancouver Sun
152 B.C. NEGLECTED NAFTA WHEN APPLYING NEW TAX
B.C. legislators passed into law a tax bill that deprives Americans of their NAFTA opportunities and protections. B.C. MLAs have thus put British Columbians and all Canadians with U.S. residential real estate at risk of U.S. retaliatio
Levy on foreign buyers could hurt Canadians with U.S. property #LesTwarog
2016/08/05 The Vancouver Sun
153 Real Estate Council of B.C. requires photo ID for applications after exam deception
The change for photo ID required to write the real estate license comes into effect September 1, 2016 after it was revealed someone wrote the exam for the person wanting their license.
The Real Estate Council of B.C. is making changes to crack down on agents tryi
2016/08/05 The Vancouver Sun
154 New tax on foreign buyers might induce price growth instead – analysis
Chinese billionaires look at the 15% tax as a rounding figure. Vancouver might serve as a test case for other markets.
The 15 per cent tax might instead only induce a home price increase #LesTwarog
2016/08/05 Canadian Real Estate Wealth
155 Tales of a Vancouver luxury broker in a transformed market
Foreign buyers with money will continue to buy. The sale price will just get higher.
Foreign property tax will have no effect on affordability #LesTwarog
2016/08/04 Mortgage Broker News
156 Realtor rallies East Vancouver homeowners for $25-million land deal
10 homes on Renfrew Street are the center of a land assembly project that appears to be speculative, suggesting commercial at ground level and market rentals above.
A strip of family homes in East Vancouver has become a $25-million dream, form
2016/08/04 The Vancouver Sun
157 Forms can help dispute claims
Costly problems can result from not requesting the Form F disclosure before buying a strata residence.
FINANCES: Stratas must disclose details on Form F Payment Certificate #LesTwarog
2016/08/04 The Province
158 Oak + Park 7600 Oak Street 40 townhouses by Alabaster Homes
The sales centre has a cross-section of the layout as shown in the picture on the right. Read more about the unique features of the townhouses.
Simplicity within the home and exterior offers a ‘modern classic’ feel #LesTwarog
2016/08/04 The Province
159 Mayor promises social housing on West Hastings lot
Gregor Robertson wants to crack down on the slumlords in the single-room occupancy buildings. He also is pressing the BC government to raise shelter rates in order to end homelessness.
Mayor Gregor Robertson vowed Tuesday to expedite the rezoning and development
2016/08/03 The Vancouver Sun
160 Canada beholden to housing boom
Canada's economy is reliant for growth on bank lending and the hot Vancouver and Toronto housing markets.
Real estate and financial services account for 20 per cent of economy #LesTwarog
2016/08/03 The Vancouver Sun
161 Home Sales in the Fraser Valley Fall but Demand Stays Strong: FVREB
Fraser Valley Real Estate (FVREB) sales stats for July
Transactions in July are first this year to fail to break monthly records, rep
2016/08/03 REW
162 Metro Vancouver Home Sales Plunge – But Prices Continue to Soar: REBGV
REBGV sales analysis for July
Number of residential properties changing hands returns to “more normal” J
2016/08/03 REW
163 Foreign buyers tax fallout seals thousands of deals, sinks others: realtors
More than 9,200 transactions were filed on Friday July 29 to beat the August 3 implimentation of the 15% foreign buyers tax.
Metro Vancouver realtors are saying deals are collapsing because of the new 15
2016/08/03 The Vancouver Sun
164 Mike Stewart Vancouver agent under investigation for advocating tax evasion
The Real Estate Council is investigating the actions of Stewart, with the government looking on to make sure justice is done.
Vancouver agent under investigation for advocating tax evasion #LesTwarog
2016/08/03 Canadian Real Estate Wealth
165 NDP demand probe of real estate agent's knowledge of B.C. foreign property tax
Bob Rennie knew of the new foreign tax weeks before it was announced by the government.
The government told the press they were looking at slowing foreign investment
2016/08/03 Mortgage Broker News
166 Metro Vancouver home sales plunge in July
Even though sales were down, prices continue to rise. Are normal market trends on the horizon?
July home sales fell 18.9% compared to year previous and 26.7% from last month
2016/08/03 Vancouver Courier
167 Real Estate Deals Collapse as Foreign Buyer Tax Takes Effect: Local Agents
Foreign buyers have backed out of signed deals, walking away from their deposits due to the new tax that will add 1000s of dollars to the original purchase price.
As new tax on overseas buyers of Metro Vancouver real estate is launched, agen
2016/08/02 REW
168 Can we have a correction please say Vancouverites
90% of Vancouverites agree with the new tax and 87% back the proposed vacant homes tax. Three quarters of respondents to the poll believe foreign buyers will find a loop hole.
A market correction is the only way prices will come down #LesTwarog
2016/08/02 REP
169 Vancouver’s new residential tax on foreigners starts Tuesday, here’s what to expect next
Heavy traffic at the Land Tile and Survey Authority over the weekend as agents tried to close deals before the new tax took affect today.
Legal woes, lost deals feared as tax begins #LesTwarog
2016/08/02 The Vancouver Sun
170 B.C. foreign buyer tax won't make big dent in housing affordability, experts say
The next 4 to 6 months will show how much the 15% tax has impacted the real estate market. Supply is down and demand is high. House prices are not likely to drop any time soon
Experts are expressing doubt a property transfer tax on foreign buyers that ta
2016/08/02 The Vancouver Sun
171 Markets see US Fed rate hike unlikely before 2017
The Federal Reserve Bank of Dallas is closely watching the financial market. A weak growth rate makes a rate increase unlikely in September.
Rate increase is possible even after second-quarter weak growth #LesTwarog
2016/08/01 Mortgage Broker News
172 A way to provide new homes to working families
A proposal of how to get families living within the area that they work by having the company supplying the houses.
Bring back employee housing, architect urges #LesTwarog
2016/07/30 The Vancouver Sun
173 George Gibsons Marine Resort and Residences Gower Point Road Gibsons 39 waterfront condos by Klaus Fuerniss Enterprises Inc.
The new development in Gibsons in named after George Gibson, a former British naval officer who landed here in 1886.
SUNSHINE COAST PROJECT HAS HOTEL, CONDOS, SPA #LesTwarog
2016/07/30 The Vancouver Sun
174 The Crossing 288 171 Street South Surrey 67 townhomes by Gramercy
A 67 townhouse development in South Surrey completion date 2017.
Spacious townhomes close to nature and U.S. border #LesTwarog
2016/07/30 The Vancouver Sun
175 LAND CRUNCH WILL MAKE NEW MALLS A RARE SIGHT
Introducing the new Tsawwassen Mills Mall.
High prices for Metro property hurt case for such projects #LesTwarog
2016/07/30 The Vancouver Sun
176 Metro Vancouver foreign buyer tax: New poll shows high support
An Angus Reid poll says that Lower Mainlanders agree with the new transfer tax.
An overwhelming majority of Lower Mainland residents believe the B.C. governme
2016/07/30 The Vancouver Sun
177 B.C. property law vulnerable to challenge, says prominent lawyer
A prominent lawyer on constitutional and tax law is challenging B.C.'s new tax on foreign homebuyers. He says, "Foreign buyers are not criminals."
Tax on foreign homebuyers under fire #LesTwarog
2016/07/30 The Vancouver Sun
178 Foreign buyers rush to beat B.C. implementation of new tax
A couple from London who bought in Richmond frantically re-negotiated the closing date from November 1 to July 30.
Real estate levy set to kick in Tuesday sparks panicked closure #LesTwarog
2016/07/30 The Vancouver Sun