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  1. Canada annual inflation rate slows to 6.9% in September

    Canada’s inflation rate falls again Fergal McAlindenother September’s yearly price growth was still stronger than economists had expected Canada’s annual rate of inflation was 6.9% in September, marking a third consecutive monthly decline but still coming in higher than most economists had anticipated. The figure, reported by Statistics Canada on Wednesday, saw the consumer price […]

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

  2. Canadas’ annual rate of housing starts surges 11% in September

    Pace of housing starts surges 11% amid concerns of supply shortage Shantae CampbellThe Vancouver Sun Hits highest monthly level in almost a year Canada’s annual rate of housing starts jumped 11 per cent in September. Photo by Michelle Berg/PostmediaCanada’s annual rate of housing starts jumped 11 per cent to 299,589 units in September from 267,443 in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2022
    Real Estate Related

  3. Two-building purchase worth $91 million in the second quarter of 2022

    Edmonton investment sales rebound in first half of 2022 Peter MithamWestern Investor Slower times ahead but steady economy draws in buyers Nexus REIT acquired 11250 189th Street NW, Edmonton, home to MTE Logistix, as part of a two-building purchase worth $91 million in the second quarter of 2022.MTE Logistix Strong demand for industrial assets gave […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2022
    Real Estate Related

  4. Canada’s houses crisis on a shortage of homes

    Is there a shortage of homes in Canada? Jonathan RussellWestern Investor Factors that are affecting Canada’s housing crisisWhile it has been common to blame Canada’s houses crisis on a shortage of homes, there are reasons to believe that is not the case. One thing that is certain is there is a lack of affordable housing. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2022
    Real Estate Related

  5. Development land in Surrey sells for $6.5 Million

    Less than acre of Surrey multi-family land sells for $6.5 million Western Investor StaffWestern Investor The 0.97-acre parcels is in the Fleetwood area, close to the planned 152 Street SkyTrain station. Frontline Real Estate Services, Surrey, B.C., for Western Investor   Property type: Development land Location: 15316 88 Avenue, Surrey Zoning: Designated residential multifamily Sale […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2022
    Real Estate Related

  6. Vancouver elects first Chinese-Canadian mayor

    Sim elected new mayor of Vancouver in a landslide vote Frank O’BrienWestern Investor Ken Sim, a novice politician, is the first Chinese-Canadian elected as mayor of Vancouver. Ken Sim thanks supporters in his election victory speech Oct. 15 in Vancouver. | CTV screen shot Ken Sim was elected the new mayor of Vancouver in a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2022
    Real Estate Related

  7. CMHC predict housing prices continue to drop in 2023

    CMHC makes huge house price drop prediction Tara Deschampsother However, the fall will do little to improve affordability Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability. Patrick Perrier, the housing agency’s deputy chief economist, said in a report Thursday that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2022
    Real Estate Related

  8. Home sales fell by 3.9% in September compared to the previous month | CREA

    Canada home prices fall again Fergal McAlindenother   September marked the seventh successive month of declining prices Canadian home prices were down again in September, marking a seventh consecutive month of decline as they dropped nearly 9% below their March peak. New data from the Canadian Real Estate Association (CREA) showed that the benchmark price […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2022
    Real Estate Related

  9. Home sales fell by 3.9% in September compared to the previous month | CREA

    Canada home prices fall again Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2022
    Real Estate Related

  10. B.C.’s lost 58% of paper production capacity and 13% of pulp mill capacity | David Elstone

    B.C.’s once-mighty pulp and paper industry faces ruin Nelson BennettWestern Investor Government, industry have 90 days to turn around an industry worth $3.9 billion to provincial economy, experts warn The Powell River mill, once the largest in B.C., shut down December 2021 and two other pulp and paper mills have closed since. | Paper Excellence […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2022
    Real Estate Related

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