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Building Info
San Remo Court - 1859 Spyglass Place, Vancouver, BC, V5Z 4K6,Canada. Strata plan number VAS2402. It has 4 levels and 49 suites, built in 1990. Crossroads are Cambie Sreet and Commodore Road. Close to Seawall, Hinge Park, Habitat Island, William Davis Centre for Actor's Study, Vancouver Sailing Club, Global Village English Centres, Budget Foods, Save-On-Foods and Urban Fare. The complex has excellent recreation facilities including a gym, indoor pool, sauna and jacuzzi. Developed by Westbank Projects Corporations.
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CMHC previous prediction about home price is no longer applies despite of pandemic
Sherry Cooper, chief economist at Dominion Lending Centres, also called the CMHC predictions “overly pessimistic” considering that Canada’s average home price went up by 1.5% in August.
Helmut Pastrick, chief economist at Central 1, echoed Cooper’s assessment, saying that prices are actually on the rise overall and that historically low mortgage rates will impel a more dynamic market, leading to further price growth.
CMLS Financial appointee expects demand for multifamily properties and developable land to remain strong
Rather than seeing his new duties as an uphill battle against the destabilizing forces of COVID-19, Taylor says now is an opportune time for commercial real estate brokerages to expand their reach.
“It’s times like this, when you have economic uncertainty, that advisory in the real estate finance market is ripe to accelerate and become more valuable to both borrowers and to lenders,” Taylor says.
Bank of Canada is still not doing enough to guide the nation out of recession-Economist
Despite the multiple measures taken during the pandemic, a majority of economists said that the Bank of Canada is still not doing enough to guide the nation out of recession, according to a new survey by Finder.
Canada’s housing market sales history in a closer look
As manyMortgage Broker Newsreaders are aware, there is no “Canadian housing market”, just a collection of distinct housing markets that happen to be in Canada. With that in mind, let’s take a look at where the action took place.
Front Yard, second largest single family landlord closed deal in $2.4 Billion Deal
Wall Street has been plowing money into the single-family rental industry in recent months, betting on the demand for homes with more space in the suburbs. While record-low mortgage rates have fueled a housing rally, that’s driven up prices, possibly pushing homeownership out of reach for many.
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