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  1. House prices gain by smallest amount in almost 10 years

    Canadian home prices still sluggish Steve RandallCanadian Real Estate Wealth Canadian home prices have lagged inflation over the past year according to a leading index. The Teranet-National Bank Composite House Price Index gained just 0.44% in the 12 months to July 2019 and gained 0.72% from the previous month. The 12-month increase was the smallest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-08-2019
    Real Estate Related

  2. Zillow announces expansive Canadian network

    REMAX Condo Plus on Zillow platform Ephraim VecinaREP Real estate marketplace Zillow has announced that it has cemented agreements with over 250 Canadian brokerages and franchisors to display housing listings on its online platform and mobile app. Among the platform’s latest brokerage partners include iPro Realty, RE/MAX Condo Plus, and Living Realty. The announcement came […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-08-2019
    Real Estate Related

  3. Commercial construction permits in BC surge

    Metro Vancouver commercial construction booming Neil SharmaCanadian Real Estate Wealth While residential market activity in Vancouver is markedly slower than in years past, the commercial sector is on fire. “There’s a significant amount of commercial activity going on within Metro Vancouver, with 2.8 million square feet of office product under construction,” said Kirk Kuester, Colliers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-08-2019
    Real Estate Related

  4. Metro Vancouver sees 12th month without a residential price increase

    Metro Vancouver has gone a year without an increase in its house price index. Hayley WoodinWestern Investor Metro Vancouver has gone a year without an increase in its house price index. The latest report from Teranet and National Bank shows the region’s house price index fell one per cent from June to July. It was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-08-2019
    Real Estate Related

  5. Vancouver luxury market is weakest among global cities

    Vancouver luxury market ranks 46 in global research Steve RandallCanadian Real Estate Wealth A global ranking of luxury housing markets has highlighted the divergence of Canada’s two largest markets. Vancouver remains at the bottom of the table of 46 cities worldwide compiled using Knight Frank’s global research network while Toronto ranks 13th. The Prime Global […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-08-2019
    Real Estate Related

  6. Office, industrial and retail sectors proving robust in Metro Vancouver

    Vacancy rates are tight and lease rates have risen across all three sectors, reports market intelligence firm CoStar Group Joannah ConnollyWestern Investor While Metro Vancouver’s 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. The group […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-08-2019
    Real Estate Related

  7. Woodfibre LNG poised to proceed with $1.6-billion project within weeks

    Woodfibre LNG on the cusp of a contract Geoffrey Morgan The Province In a few short weeks, Woodfibre LNG is poised to become the second liquefied natural gas export project to break ground on Canada’s West Coast even as other advanced Canadian LNG proposals have been delayed yet again. Woodfibre LNG, a subsidiary of Singapore-based […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-08-2019
    Real Estate Related

  8. Toronto mixed-use developments the world’s envy

    Toronto’s mixed-use developments booming Neil SharmaMortgage Broker News Toronto is experiencing one of the world’ s largest building booms, but it’s the city’s mixed-use developments that have become the world’s envy. One such development is Union Park, a sprawling 4.3 million square foot, $3.5 billion office, residential and retail complex in the city’s core. Not […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2019
    Real Estate Related

  9. Be wary of Vancouver market rebound

    The Lower Mainland beginning to recover Neil SharmaCanadian Real Estate Wealth In the throes of a housing correction, British Columbia’s Lower Mainland might be witnessing the beginnings of recovery. According to an economic outlook report from Central 1 Credit Union, the signs of recovery are there, however, its deputy chief economist still calls for tapered […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2019
    Real Estate Related

  10. The Canadian ‘ghost towns’ where vacant homes are rising

    Vancouver had 25,000 vacant homes in 2016 Steve RandallMortgage Broker News The share of Canadian homes that are unoccupied has been steadily rising according to a new report. Point2Homes says that in 2016, 8.7% of Canadian homes were vacant, up from 8.4% in 2006 and 7.8% in 2001. The analysis of government data on vacant […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2019
    Real Estate Related

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