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  1. CMHC rates five country’s major markets having a “high degree of vulnerability”

    Toronto housing market raised to “high risk” Ari AltstedterMortgage Broker News  Canada’s housing agency raised its risk assessment for the Toronto market to high, while also warning of overheating at the national level as the pandemic-driven surge in home prices shows no signs of slowing. The Canada Mortgage and Housing Corp. now rates five of the country’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2021
    Real Estate Related

  2. 32-storey office tower located at 1166 West Pender Street in downtown Vancouver

    New 32-storey office tower set for Vancouver Frank O’BrienWestern Investor — New tower for 1166 West Pender opens in 2024 or 2025. | Reliance Properties Reliance Properties of Vancouver has teamed with Texas-based Hines, one of the largest private real estate developers in the world, to announce a new 32-storey office tower at 1166 West […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2021
    Real Estate Related

  3. Business sectors like tourism, hospitality and management are among the hard-hit businesses that be having difficulty this 2021

    More than half of ‘hard-hit’ businesses will not survive 2021 Elana ShepertWestern Investor — Many pubs and restaurants have already closed.| Chung Chow While many businesses in Vancouver and across Canada closed in the early months of the coronavirus (COVID-19) pandemic, many others continue to struggle financially.  Now, the Coalition of Hardest Hit Businesses says the findings […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2021
    Real Estate Related

  4. Canadian home sales MLS system dropped by 2.3% last month compared Q4 2020 – CMHC

    Metro Vancouver real estate market at ‘moderate’ degree of vulnerability: CMHC Cheryl ChanThe Province The Canadian Real Estate Association says Canadian home sales through its multiple listing service system dropped by 2.3 per cent last month compared with October. Photo by Richard Buchan/The Canadian Press Metro Vancouver has a “moderate” degree of vulnerability in its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-03-2021
    Real Estate Related

  5. Metro Vancouver rental apartments increase up to 34% in Q1 2021 despite freeze on rental rates

    B.C. rental builds up despite freeze on rental rates Wl StaffWestern Investor  — Telus and Omicron are co-developers on 178-unit Nanaimo rental project. | Omicron British Columbia’s restrictive rental environment, which includes a freeze on rental increases this year, and rising vacancy rates for new rentals has apparently had little effect on multi-family developers. As […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-03-2021
    Real Estate Related

  6. Toni Gravelle provided insight into how the central bank plans to pare back its main government bond purchasing program

    Bank of Canada lays out plans for quantitative easing Shelly HaganMortgage Broker News  The Bank of Canada provided the greatest guidance yet into how it plans to slow purchases of government bonds as the economic recovery accelerates, fueling expectations it could begin doing so as soon as April. In a speech on Tuesday, Deputy Governor […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-03-2021
    Real Estate Related

  7. Company’s growth into a mortgage giant from coast to coast by Butler Mortgage

    Butler Mortgage CEO talks new role Fergal McAlindenMortgage Broker News For Dave Butler (pictured), there are few things more important in business than branding. As CEO of Butler Mortgage, the industry veteran has overseen the company’s growth into a mortgage giant from coast to coast. Now, he has his sights on developing another of its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-03-2021
    Real Estate Related

  8. $10 million donated by Teck Resources to build an emergency room at new St. Pauls Hospital

    Teck Resources donates $10 million to help build emergency room at new St. Paul’s Hospital Tiffany CrawfordThe Province A rendering of the new St. Paul’s Hospital at the False Creek Flats. Teck Resources Limited has donated $10 million to help build an emergency room at the new $2 billion St. Paul’s Hospital at the Jim […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2021
    Real Estate Related

  9. 1.05-acre industrial land at West Abbotsford sold for $2,988,800

    Abbotsford industrial listings drew 99 calls in first day Frank O’BrienWestern Investor — Abbotsford realtor Bob Edwards: “It was nuts.”| Submitted Veteran Fraser Valley commercial real estate agent Bob Edwards got a lesson in the industrial real estate demand February 26 when he listed a 1.05-acre parcel that has the potential to be zoned industrial […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-03-2021
    Real Estate Related

  10. Vancouver hit the highest monthly listing record as of March 15 by REBGV

    Listings avalanche hits March Metro housing market Wl StaffWestern Investor  — Greater Vancouver listings and sales on record pace. | Western Investor Early March data shows that homeowners have rushed off the sidelines, pushing a record number of homes for sale onto the Real Estate Board of Greater Vancouver’s (REBGV) Multiple Listing Service. As of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-03-2021
    Real Estate Related

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