A 23-storey residential tower is being proposed for the Central Londsale neighbourhood of North Vancouver, following City Council's decision to bring the development to public hearing in the fall. 

The 166-unit development would be located at 1441 St. Georges Avenue, just west of the 14-storey Royal George rental building, which has stood in the area since 1968. The Royal George would be refurbished and be brought up to modern building codes as a part of the development. Nine additional rental units would also be added to the existing building. 

http://www.rew.ca/news/23-storey-residential-tower-proposed-for-north-vancouver-1.21496704

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While residential real estate transactions continue to drop on a weekly basis as summer deepens, condo sale prices remain robust, increasing again during the week of July 24-30.

There were 323 home sales registered as sold last week, as of August 3, in the area covered by the Real Estate Board of Greater Vancouver. Of those, 197 units were condos, 58 were townhomes, row houses or duplexes, and the remaining 68 were detached houses (including float homes and manufactured homes).

http://www.rew.ca/news/condo-sale-prices-defy-summer-market-slowdown-1.21590780

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Owning real estate is a privilege, and in doing so, you are committing not only to serving your own personal interest, but potentially that of your family for years to come. A success story is increasingly possible, and for many of us real estate is our single most important asset when it comes to retaining value. When managed well, the rights in land associated with the building on it, not only maintain their value while factoring in inflation, but increase in value. The key to retaining your home’s value while ensuring comfort is good maintenance and a few simple upgrades.

http://www.rew.ca/news/how-to-maintain-the-value-of-your-biggest-asset-1.21248389

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The Vancouver real estate market, far from reaching its peak in terms of unaffordability and lack of housing, is merely “dancing on the edges of a massive problem,” according to one leading development marketer.

Speaking to a packed audience at the Urban Development Institute luncheon on new home marketing at the Fairmont Hotel Vancouver June 8, Cameron McNeill of MLA Canada added, “We ain’t seen nothing yet.”

http://www.rew.ca/news/vancouver-housing-market-ain-t-seen-nothing-yet-1.20508243

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Affordability continues to be a "major vulnerability" in Vancouver's housing market, as the effects of the 15% foreign buyer tax implemented last year seem to be waning, according to RBC's Canadian Housing Health Check. The report, published July 27, measures affordability by examining the cost of home prices as a percentage of household income. 

The report found this ratio to be 79% in Vancouver, over 30% higher than the national average of 45.9%. The report states that anything above 45.1% poses a major risk.

http://www.rew.ca/news/affordability-still-a-major-vulnerability-in-vancouver-housing-market-1.21446622

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Over $40,000 has been raised by real estate agents across Metro Vancouver for the Red Cross BC Fires Appeal, in an effort to aid victims of the ongoing wildfires affecting communities across British Columbia. 

Through the REALTORS Care® initiative, members of the Real Estate Board of Greater Vancouver (REBGV) donated $10,000 to the cause, with the BC Real Estate Association (BCREA) matching the donation and Board members continuously raising money by organizing fundraising events around the province. 

 

http://www.rew.ca/news/local-real-estate-industry-comes-together-to-aid-wildfire-victims-1.21707642

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