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  1. 1.6 acres zoned for Single-family residential sells $1 million over ask

    Surrey 1.6 acres zoned for houses sells $1 million over ask Varing Marketing Group / Abbotsford Western Investor The South Surrey infill site, zoned for single-family residential development, sold for $6.5 million.   Property type: Residential Land Location: 15624 24 Avenue, Surrey Land size: 69,696 square feet Land size in acres: 1.6 acres Zoning: Single-family […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-09-2020
    Real Estate Related

  2. Marriott suffered the worst market decline in 2020

    Marriott market cap plunged 31 per cent this year WI StaffWestern Investor Major Western Canada hotel developer has suffered the worst decline in market capital among world’s largest hotel chains during coronavirus crisis. Marriot Hotels, which has been on a branding and building blitz in Western Canada over the past two years, has suffered the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2020
    Real Estate Related

  3. High numbers of CERB recipients will crash out once CERB ends

    Number of Canadians without support “disturbingly high” once CERB ends Ephraim VecinaMortgage Broker News

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2020
    Real Estate Related

  4. Helping Tenants and Small Businesses Act passed, big help for Canadian family regarding rent prices throughout 2021

    Ontario implements moratorium on residential rent prices Ephraim VecinaMortgage Broker News The Ontario government has announced that it will be freezing the province’s residential rent prices throughout 2021.Premier Doug Ford said late last week that Ontario’s roughly 1.7 million renters will benefit from manageable rent prices from Jan. 1 to Dec. 31 next year if […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2020
    Real Estate Related

  5. Multi-family real estate in Canada are exceptionally strong

    The state of multi-family real estate in Canada Clayton JarvisMortgage Broker News If any readers are friendly with commercial real estate junkies, they’ll already have heard an earful about how industrial and multi-family properties are where the smart money is being spent by CRE investors. But with unemployment still over 10 percent in August, and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2020
    Real Estate Related

  6. Will the new CMHC plan on Rapid Housing Initiative can stimulate the economic recovery?

    New CMHC initiative to focus on rapid creation of new housing supply Ephraim VecinaMortgage Broker News The Canada Mortgage and Housing Corporation has announced its new Rapid Housing Initiative (RHI), which is intended to address urgent housing needs and stimulate further economic recovery through the rapid creation of new housing units. Complementing the National Housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2020
    Real Estate Related

  7. Pandemic increases industrial properties interest

    Soaring industrial land prices define a strong sector Frank O?BrienWestern Investor A 2.4-acre vacant industrial site in Port Coquitlam didn’t last long on the market this September when it was listed by Cushman & Wakefield at $9.9 million. “Our purchaser actually saw the for-sale sign being installed, and immediately called us,” said Nick Goulet of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2020
    Real Estate Related

  8. CMHC predicted home prices could fall 18 percent due to pandemic

    Short-term real estate prices in Canada to be “flat to ten percent lower” ? LowestRates.ca CEO Clayton JarvisMortgage Broker News According to a recent report by mortgage comparison site LowestRates.ca, the rocket the Canadian real estate market has been strapped to for the past four months will soon be subject to the multiple gravities of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-09-2020
    Real Estate Related

  9. Canadian Millennials are more optimistic purchasing home despite of Pandemic

    Scotiabank: Millennials hopeful about buying homes despite COVID-19 Ephraim VecinaThe Vancouver Sun Compared to other demographics, Canadian millennials are more optimistic about purchasing a home during the COVID-19 pandemic, according to a new survey by the Bank of Nova Scotia. The 2020 Scotiabank Housing Poll found that around 18% of young Canadians in the 18-34 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-09-2020
    Real Estate Related

  10. Renters are facing the threat of eviction during Pandemic

    East Vancouver tenants threatened with eviction by indebted developer Ephraim VecinaMortgage Broker News Tenants in East Vancouver are being pushed out to make way for a residential project, but the developer is allegedly saddled with hundreds of millions in unpaid loans. Renters in the area’s Connacher House and The Carolina apartments are facing the threat […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-09-2020
    Real Estate Related

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