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  1. Commercial sector to become more valuable after COVID-19 ? CBRE

    Investment in commercial real estate a good choice Ephraim VecinaMortgage Broker News Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investment after the coronavirus pandemic, according to CBRE. This will be particularly apparent in Toronto, CBRE’s recently released “Q1 2020 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  2. Home sellers to wrestle with persistent low price points

    Sellers losing significant value in their homes Ephraim VecinaMortgage Broker News Sellers losing significant value in their homes will be a prominent feature of the market over the next few months, said Stephen Brown, Capital Economics senior Canada economist. “Given the huge rise in unemployment and the cash flow problems that restrictions on tourism have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  3. Risks to household finances will remain after COVID-19 – experts

    After the pandemic households will have more debt Ephraim VecinaMortgage Broker News The risks to Canadian finances will remain pronounced even during the recovery phase once the coronavirus crisis passes, according to Deloitte Chief Economist Craig Alexander. “One of the great legacies of the current crisis is that after the pandemic has passed, we’re going […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Real Estate Related

  4. Canadian Inflation (Mar) – April 22, 2020

    Consumer Price Index (CPI) rose by 0.9 per cent in March BCREA Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.9 per cent in March year-over-year, down from a 2.2 per cent increase in February. This marked the largest decline in the CPI since the measure began in 1992. Energy prices […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2020
    Other News Articles

  5. Canadian Retail Sales (Feb) – April 21, 2020

    BCREA Seasonally-adjusted Canadian retail sales were up by 0.3% in February at $52 billion The rise in February was driven by auto dealers and general merchandise stores. Sales were up in 6 of 11 sub-sectors, representing 63% of retail sales. Some retailers reported that both the rail blockades and COVID-19 negatively impacted their sales in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2020
    Other News Articles

  6. Recession’s on its way. How bad will it be?

    Upcoming 2020-21 recession should be uncomfortable but hardly unbearable Clayton JarvisMortgage Broker News In its most recent Market Intelligence report, released yesterday, the British Columbia Real Estate Association shared its preliminary projections on how the historic economic disruption sparked by COVID-19 will play out in the provincial housing market for the next two years. In […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2020
    Real Estate Related

  7. Calgary office market: Heading for disaster?

    Office space almost at 100% vacancy Ephraim VecinaMortgage Broker News Calgary’s office sector has a long road of recovery ahead of it, with perennial vacancy and COVID-19’s economic damage placing the market’s short- and medium-term prospects in doubt. An aggravating factor is the dramatic oil price decline of more than 80% since the start of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2020
    Real Estate Related

  8. Housing sales could plunge 40%

    All of B.C. will be hit but quick recovery seen, says BC Real Estate Association Carla Wilson Western Investor B.C.’s housing market will take an initial a sharp dive due to the coronavirus-driven recession, but it is expected to recover next year, according to the B.C. Estate Association (BCREA). Sales throughout the province are forecast […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-04-2020
    Real Estate Related

  9. Is It Different This Time? Recessions and the BC Housing Market

    BCREA Market Intelligence Report BCREA Summary Findings: The 2020 COVID-19 driven recession willbe deep, though the duration may be shorter than past recessions We expect that home sales will post an initial sharp decline as households and the real estate sector adhere to social distancing As measures implemented to mitigate the spread of COVID-19 are […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-04-2020
    Real Estate Related

  10. Four-building Beach Avenue portfolio transfers for $305 million

    601-unit MF share deal was completed between existing owners in 2019 Western Investor The landmark Beach Avenue four-building portfolio in Vancouver’s English Bay has been transferred between existing owners of an investment trust in a $305 million agreement, according to Mark Goodman who brokered the arrangement with fellow Goodman Commercial Inc. principal Cynthia Jagger. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-04-2020
    Real Estate Related

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