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  1. Commercial real estate sales down from last year’s pace

    Lower Mainland commercial real estate down in Q2 REBGV Sales activity in the Lower Mainland’s commercial real estate market declined in the second quarter (Q2) of 2019 compared to the more active market experienced in the region last year.   There were 407 commercial real estate sales in the Lower Mainland in Q2 2019, a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-09-2019
    Real Estate Related

  2. Has BC speculation tax helped lower home prices?

    Some credit went to the speculation tax in lowering prices REP Finance Minister Carole James is giving some credit to the speculation and vacancy tax for lowering home prices and easing rental vacancies in British Columbia. James said Thursday she is cautiously optimistic about easing prices in the real estate market after announcing the province […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-09-2019
    Real Estate Related

  3. Metro Vancouver land deals claim a greater share of investment sales in Q2

    Boom in strata industrial is biggest story in Lower Mainland, but less so across B.C. Peter MithamWestern Investor While the tally of investment sales greater than $1 million in Metro Vancouver has dropped significantly this year, the second quarter saw a greater volume of land deals. According to the latest figures from Altus Group, residential […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-09-2019
    Real Estate Related

  4. Housing Demand Continues to Recover in August

    August home sales up 4.9% from last year BCREA The British Columbia Real Estate Association (BCREA) reports that a total of 7,093 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, an increase of 4.9 per cent from the same month last year. The average MLS® residential price in the province […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2019
    Real Estate Related

  5. Cyrus hill 40 three and four bedroom townhomes at 11268 72 Avenue Delta by Bassi Properties

    Cyrus Hill townhomes will have plenty of room on offer Simon BriaultThe Province A typical floor plan in a new townhome development in the Lower Mainland can sometimes be a somewhat narrow affair, with perhaps two or three bedrooms and a maximum size of about 1,600 square feet. But the townhomes at Cyrus Hill are […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2019
    Real Estate Related

  6. Century 21 survey reveals steep decreases in home prices

    Pricing trends vary across communities and types of property Steve RandallREP A new report shows disparity in home price trajectories across Canada, including some large decreases. The CENTURY 21 analysis of home prices reveals that some communities have seen some steep decreases in price per square foot in the past year, most notably in British […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2019
    Real Estate Related

  7. B.C. residential sales ‘continue to recover’ from policy shock: BCREA

    BCREA also reported that the average residential price in the province was $685,575 last month, an increase of 2.6 per cent from August 2018. The increase in both prices and activity last month meant that total sales dollar volume was $4.86 billion, a 7.6 Joannah ConnollyWestern Investor Residential resale transactions across B.C. “continue to recover” […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2019
    Real Estate Related

  8. All strata-lot owners should ensure they have adequate insurance

    Ensure strata lots have adequate insurance Tony GioventuThe Province Dear Tony: You mention in your Sept. 5 article that discusses the $75,000 water damage incident to three units where the deductible is $100,000 that “each strata-lot owner will be responsible for the repairs to their own units.” Are you saying that the three impacted owners […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2019
    Strata Information

  9. Building permits rise led by commercial and multifamily

    Canadian municipalities registered and increase in building permits Steve RandallREP Canadian municipalities issued $8.3 billion worth of building permits in July according to new figures from Statistics Canada. The 3% gain month-over-month and 0.7% increase from a year earlier was driven by gains in the multifamily and commercial property types. Residential permits totaled $5.1 billion, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-09-2019
    Real Estate Related

  10. Residential REITs: Hungry, active and leading the pack

    Canadian REITs weighted to housing have posted an average 18.6 per cent return in the past year and are still prowling for quality acquisitions Frank O’BrienWestern Investor Residential real estate investment trusts (REITs) are leading the REIT sector this year and apparently see opportunity in the Metro Vancouver market that has spooked most residential investors […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2019
    Real Estate Related

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