National Equity Lending Corp.
849 Homer Street V6B 2W2 Vancouver, BC, Canada

Proceeds from the sale of the property at 1081 Burrard Street will go towards funding the construction of the new St. Paul’s Hospital in the False Creek Flats neighbourhood.

That testing rate has already been lowered twice in this pandemic, first in mid-March when it dropped 15 points from 5.19 per cent to 5.04, and then again in May when it dropped another 10 points to 4.94 per cent.

Home sales in the Greater Vancouver area are starting to return to more typical levels after dipping to four-decade lows in April, while prices continue to edge up from 2019.

The phenomenon is not limited to Vancouver. Prices of houses and condos in Toronto were also higher in May than they were in February.

Led by land sales and the multi-family rental sector, the total dollar value of commercial real estate transactions in the Lower Mainland soared to $2.15 billion in the first three months of 2020, a 37.2% increase from the $1.57 billion recorded in the first quarter (Q1) of 2019.

The central bank said Wednesday its target for the overnight rate will remain at 0.25 per cent. It said the impact of the pandemic on the global economy appears to have peaked, although uncertainty about how the recovery will unfold remains high.

The reason why housing prices didnt plummet in April, despite sales dropping by more than half, is that supply and demand declined together, says Marc Desormeaux, a senior economist at Scotiabank.

Ontario-based Skyline Commercial Real Investment Trust (REIT) http://ow.ly/owdI50zQN4C has acquired a Class A, four-site industrial portfolio in Calgary for $132 million. The deal closed on March 25.

CREA economist Shaun Cathcart on how the overheated markets before the crisis could become a source of strength after

Home prices are holding up during the coronavirus pandemic despite lockdowns. The most recent sign of resiliency comes from the Teranet-National Bank House Price Index for April, a composite of 11 major markets, is up 5.3 per cent from a year earlier.

The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent, sources tell Mortgage Broker News.

The worlds biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities created by the pandemic. With economies around the world sputtering, commercial real estate prices are expected to come down. How much theyll fall is the key question.

Bank of Nova Scotia, for example, is no longer allowing home buyers to use funds from a home equity line of credit for a down payment on a rental property, according to a memo the bank sent to mortgage brokers.

87 percent of Canadians were able to pay rent in full last month, according to Angus Reid Institute poll

Watch out for Sept. 1, indebted Canadians thats when the creditors will come calling

Despite the effects of the pandemic, the market seems to be balanced overall. Its still a sellers market for condos under $700,000 and detached homes around $1.6 million, with bidding wars still occurring for these property types. The market for more expensive homes, however, appears to be favouring buyers. https://www.point2homes.com//whats-in-store-for-vancouver-

The average cost to rent a one-bedroom Vancouver apartment decreased 2.3% month-over-month in April, according to new PadMapper data.

Because the economic slowdown wasnt based on real estate or true economic factors, this was health-related. So I mean, that is the big question mark. How quickly can the economy start to go again, but with the reduction of interest rates by the Bank of Canada, the pent up demand in the Greater Vancouver area is all pointing to a significant return to a strong market once things start to return to some kind of normal.

Ottawa trio unleashes rate cuts, $10B stimulus and lowered buffers.

A judge in Ontarios Superior Court of Justice has ordered a trio of Bank of Montreal subsidiaries to disgorge profits generated on $102.9 million in undisclosed fees charged to about 200,000 holders of registered accounts such as RRSPs, RESPs and tax-free savings accounts over a 10-year period.

Bank of Canada lowers its key interest rate by 50 basis points to 1.25 per cent

The TransUnion incident is much more limited than the high-profile data hack at credit monitoring agency Equifax Inc. in 2017...

According to the Canadian Real Estate Association, national home prices have increased for six consecutive months. The national home price index is up by 0.9 per cent since August 2019.

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Real estate associations representing nearly three-quarters of the realtors in Canada have called for federal parties to commit to ease mortgage rules as the election campaign gets underway.

The Bank of Canada maintained its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 percent.

There is a good chance you know someone who loves In-N-Out Burger and wonders why the American burger chain has yet to open any locations in Canada.

Anthony Hitt, President and CEO of Engel & Volkers Americas talks to the Financial Posts Larysa Harapyn about how he is bullish on all of Canadas markets, even Vancouver.

Stoked by the expansion and arrival of international and luxury retailers, Vancouvers retail market continues to perform as a gem in the regions commercial property market, according to an international property data company.

Homes sales across Canada rose for the fifth consecutive month and recorded a double-digit increase compared to a year ago in part aided by interest rates, according to the Canadian Real Estate Association.

The program is aimed at making it easier for young people to buy their first home by lowering new buyers monthly mortgage payments.

Victoria residents have the highest scores on average at 780, followed closely by Vancouverites at 776.

While Metro Vancouvers residential sector struggles, its commercial real estate market is holding firm, with vacancy rates extremely low, according to a monthly analysis by commercial market intelligence company CoStar Group.

If youre in the market for a luxury condo in Downtown Vancouver, youve got a lot of choice. There are 15 condos for sale at Trump Tower on 1151 West Georgia St., priced from $1.298 million to $5.88 million.

Vancouver also had the second-highest average rent per square foot for condo and apartment rentals in July...

he Canadian annual inflation rate came in at two per cent in July to hit the Bank of Canadas ideal target for a second straight month.

Moody said this has been compounded by B.C.s speculation tax and amortization issues which have cooled housing demand and weakened consumer confidence.

With its Canadian arm in full bloom, U.S.-based real estate marketplace Zillow has announced its alliances with more than 250 partner brokerages and franchisors.