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Blog by Micah Verceles

Perfect Productive Workspace – Minimal Office + Desk Tour

August 30th, 2019
To do our best work, we need three things: clear goals, time to focus, and a distraction-free space. In this video, I'll share my perfect productive workspace, which I use for writing, editing, and designing. I'll also share a few of the tools and processes I use to stay focused.

You can find everything featured in the space here https://kit.com/MatthewEncina/the-per...
You find out more abou ...

Everything you need to know about Canada's new First-Time Home Buyer Incentive

August 29th, 2019
The new federal First-Time Home Buyer Incentive (FTHBI) will officially come into effect as of September 2 this year.

Designed to alleviate mortgage costs for first-time home buyers, the FTHBI will provide shared equity loans of 5% toward the down payment of a resale home, and 5% or 10% for newly-built homes.

The idea is that by boosting the size of buyers’ down payments, the FTHBI whittles d ...

Vancouver Real Estate Falls To Bottom Of The List For Demand, Ottawa Tops

August 28th, 2019
Canada’s fast moving real estate market is still seeing demand shift to the East Coast. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio improved in July. On the national level, there was only a small increase. However, that’s because large gains in the East, are being weighed down by large drops in the West.

Sales To New Listings Ratio (SNLR)

The sales to new ...

HouzzTV: 80 Year Old Barn Conversion | Medina, Ohio

August 26th, 2019
As a kid playing in the hayloft of his parents’ dusty 80-year-old barn in Medina, Ohio, Andrew Towne never imagined that one day he would convert the space into a stunning modern home for himself and his then elementary school friend Crystal Madrilejos. But decades later, that’s exactly what happened.

See how this family of four converted nan 80-year-old barn into a warm, cozy home with a one ...

Vacancy taxes prompt sale of luxury condos in Downtown Vancouver

August 23rd, 2019
If you’re in the market for a luxury condo in Downtown Vancouver, you’ve 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.

Across the street at the Living Shangri-La at 1128 West Georgia St. and 1111 Alberni St., there are 17 condos for sale, ranging from $950,000 to $5.788 million.

There are 13 listings in ...

A sunny July, but ominous clouds on the horizon

August 22nd, 2019
The July home sales numbers from the Canadian Real Estate Association are offering some encouragement. Sales posted their fifth straight month of increases, up 3.5% from June and up 12.6% from a year ago. They are up 15% from the six-year low posted in February.

The national average price for housing (all types) rose 0.6% in July, compared to June – the biggest increase in two years. Compared ...

Housing market will drag on B.C. economy, offset by major projects: forecast

August 20th, 2019
A slowdown in residential construction investment will be a drag on the B.C. economy over the next year or two, but this will be offset by a boom in non-residential building, according to a forecast released August 16 by Central 1 Credit Union.

Housing starts in the province are currently high, supported by presales in the active markets of the past few years. But this will slow down along wi ...

New data shows parents are helping their kids pass Canada’s mortgage stress test

August 19th, 2019
Much has been written about the Bank of Mom and Dad — a term often used to describe parents who help their children buy homes.

From sympathetic portraits to Millennial hit pieces, the trend has become media fodder.

Yet most coverage skews toward the anecdotal: numbers are harder to come by.

But new research from Teranet provides a deeper look at the phenomenon in the Greater Toronto Area and ...

The ups and downs of unemployment and interest rates

August 16th, 2019
Canadian employment took an unexpected hit in July and that has market watchers turning to the Bank of Canada to see if there will be a response. There are a few forecasters predicting a rate cut by the bank in October, but they are in the minority at this time.

Economists will tell you that job numbers are notoriously hard to predict on a month by month basis, so it makes more sense to look ...

Residential Market Commentary - BoC not reacting to U.S. interest cut

August 15th, 2019
As was widely predicted the U.S. Federal Reserve has gone ahead with an interest rate cut. It is the first reduction by the American central bank since the financial collapse more than a decade ago.

The Fed trimmed a quarter-point off its benchmark rate bringing it to a range of 2.0% to 2.25%, and a step closer to the Bank of Canada’s policy rate of 1.75%. It remains unlikely the BoC will be ...

Brookfield to take control of Canadian mortgage insurance giant in $2.4 billion deal with Genworth

August 13th, 2019
Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for $2.4 billion as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group Co.

Brookfield Business Partners LP will purchase 48.9 million shares, or a 57 per cent stake, at $48.86 apiece in Genworth MI Canada Inc., giving it majority control of Canada’s largest privat ...

Towers of trouble: Toronto's condo market has no rule book | Doc Zone

August 12th, 2019
The Condo Game examines the forces at play behind the fastest moving condo market in North America – Toronto - and discovers that the glittering glass hides a sea of troubles. The first startling revelation for many people will be how very much the condo market is focused on investor profit, not affordable housing. One expert even says that it’s really not a housing market but a commodities p ...

The Real Estate Board of Greater Vancouver - July 2019 Stats

August 7th, 2019
Home buyer demand picked up across Metro Vancouver* last month, making July, a traditionally quieter month in real estate, the second highest selling month so far this year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,557 in July 2019, a 23.5 per cent increase from the 2,070 sales recorded in July 2018, and a 23.1 per cent in ...

CMHC sees 'moderate overvaluation' in Canada's housing market, but little vulnerability overall

August 6th, 2019
Quarterly report finds pockets of concern, but overall lower level of risk

After waving a red flag of warning about Canada's housing market for more than two years, Canada's national housing agency says the overall level of vulnerability has inched down from high to moderate over the past six months.

That's one of the main takeaways of a quarterly report from the Canada Mortgage and Housing ...

The Fed's Quarter-Point Rate Cut Not the Start of Something Big

August 1st, 2019
The Federal Open Market Committee (FOMC) cut the overnight target rate by 25 basis points as expected today. Chairman Jerome Powell, however, said it was designed to "insure against downside risks" rather than to signal the start of multiple rate cuts. President Trump called for "large" rate cuts on Twitter and has for months pressured the Fed to ease monetary policy. It is very unusual for t ...