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  1. 0.44 acres multi-family rental in White Rock sells for $8.5 Million

    White Rock, B.C., 31-unit multi-family rental trades at $8.5 million Western Investor StaffWestern Investor Built in 1976 on a 19,395-square-foot lot, the four-storey apartment building sold at $288,710 per door at a 3 per cent capitalization rate.   Goodman Commercial Inc., Vancouver, for Western Investor   Property type: Multi-family rental Location: 1558 Fir Street, White […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2022
    Real Estate Related

  2. Housing starts in Metro Vancouver decline 23% in the first half of 2022 compared in 2021

    Rentals dominate Metro Vancouver housing starts Frank O’BrienWestern Investor Condo starts, in comparison, have fallen 36 per cent so far in 2022 from a year earlier Rendering of new project with 200 rentals planned for East Vancouver. | GBL Architects Housing supply has been top-of-mind across Vancouver for many months as housing advocates, politicians and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2022
    Real Estate Related

  3. Inventory and sales activity is down in many markets across the country

    Despite Rate Hikes, 60% of Potential Buyers Are Still Planning to Buy: Survey Patti Cosgareaother

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-10-2022
    Real Estate Related

  4. First Nation in northern B.C. is getting down to business

    Blueberry River FN launches new resource business in B.C’s north Frank O’ BrienWestern Investor Armed with $65 million awarded following court victory on land claim, small First Nations has formed Blueberry River Resources  Blueberry First Nations’ successful land claim overlaps part of the Montney gas basin near Dawson Creek, B.C. | Canada’s ARC Resources Ltd. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-10-2022
    Real Estate Related

  5. Vancouver’s luxury real estate market seeing balanced conditions after an era of “pandemic over-exuberance”

    Vancouver’s luxury real estate market returns to balanced conditions Claire WilsonWestern Investor After two years of ‘over-exuberance,’ the luxury market is seeing a slow down that represents a return back to normalAccording to Sotheby’s, Vancouver’s luxury home market is experiencing balanced conditions this fall.Photo by priceypads.com.Vancouver’s luxury real estate market is seeing balanced conditions after […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2022
    Real Estate Related

  6. 6.56 acres manufactured home park in Sicamous sells for $3.35 Million

    Sicamous, B.C., 41-pad manufactured home park sells for $3.3 million Western Investor StaffWestern Investor The park is on 6.56 acres and close to two lakes in the Okanagan, about a 4.5-hour drive from Vancouver.   William Wright Commercial, Langley, B.C., for Western Investor   Property type: Manufactured Home Park Location: 501 Kappel Street, Sicamous, B.C. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2022
    Real Estate Related

  7. 4,176 square feet multi-family rental in North Vancouver sells for $2.56 Million

    North Vancouver four-unit multi-family sells for $2.5 million Western Investor StaffWestern Investor Small townhouse rental complex near central Lonsdale Avenue has development potential under OCP approval for higher density Colliers, Vancouver, for Western Investor   Property type: Multi-family rental Location: 131-137 West 23rd Avenue, North Vancouver Number of units: 4 Size of property: 4,176 square […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2022
    Real Estate Related

  8. Canada’s metropolitan areas decline 5% in housing starts in the first half of 2022

    Home building slumps as construction costs soar up to 30%, says CMHC Shantae CampbellThe Vancouver Sun Rising costs threaten to make housing affordability even worse A big part of the decline in home construction was apartment starts which fell nine per cent in the first half of the year. Photo by Tyler Anderson/National PostCanada’s metropolitan […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2022
    Real Estate Related

  9. An “astonishing” increase in investment transactions in the first half of 2022 had broad underpinnings in Q2

    Broad-based activity spurs Calgary investment sales higher in Q2 Peter MithamWestern Investor   Multifamily deals underscored strength outside the office sector Concert Properties Ltd. acquired 111 Lowes Road in Balzac, Alta., from Highfields Investment Group in April 2022 for $133.8 million.Concert Properties An “astonishing” increase in investment transactions in the first half of 2022 had […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-10-2022
    Real Estate Related

  10. Scotiabank is now expecting growth to slow from 3.2% in 2022 to 0.6% in 2023

    Scotiabank: Canada to see “technical recession” in 2023 Ephraim Vecinaother This will particularly affect the Bank of Canada’s rate-hike trajectory, Scotiabank says A potent combination of internal and external factors is likely to trigger a “technical recession” in Canada next year, according to Jean-François Perrault, senior vice president and chief economist at Scotiabank. “Lower commodity […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-10-2022
    Real Estate Related

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