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  1. Edmonton real estate market has experienced a cooldown in sales volume this fall

    Edmonton Condo Prices On the Upswing As Demand Surges for More Affordability Peter MithamZOOCASA The Edmonton real estate market has experienced a cooldown in sales volume this fall after a relatively strong summer, driven by strong oil prices and greater affordability of homes. Prices of single-family, condo, and duplex/row homes experienced marginal changes month-over-month in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-11-2022
    Real Estate Related

  2. Development of a four-storey housing complex offering 40 affordable rental homes at 571 Shaw Road

    $15m funding announced for more BC housing supply Ephraim Vecinaother A new affordable housing complex is set to arise in Gibsons, BC Federal and provincial governments have announced an investment of over $15 million to construct a new tranche of affordable rental homes in Gibsons, British Columbia. The funding, which will go towards the development […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-11-2022
    Real Estate Related

  3. Development of a four-storey housing complex offering 40 affordable rental homes at 571 Shaw Road

    $15m funding announced for more BC housing supply Ephraim Vecinaother A new affordable housing complex is set to arise in Gibsons, BC Federal and provincial governments have announced an investment of over $15 million to construct a new tranche of affordable rental homes in Gibsons, British Columbia. The funding, which will go towards the development […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-11-2022
    Real Estate Related

  4. Calgary region now has a tight industrial vacancy rate of 2.2 per cent

    Cadillac Fairview, Hopewell acquire 146-acre Calgary industrial park Western Investor StaffWestern Investor Joint venture eyes future development of 2.3 million square feet of industrial at the Rosemount Business Park in Balzac Cadillac Fairview (CF), of Toronto, has announced the purchase of the 146-acre Rosemont Business Park in Balzac, Alberta through a joint venture with Calgary-based Hopewell Development LP […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-11-2022
    Real Estate Related

  5. Calgary region now has a tight industrial vacancy rate of 2.2 per cent

    Cadillac Fairview, Hopewell acquire 146-acre Calgary industrial park Western Investor StaffWestern Investor Joint venture eyes future development of 2.3 million square feet of industrial at the Rosemount Business Park in Balzac Cadillac Fairview (CF), of Toronto, has announced the purchase of the 146-acre Rosemont Business Park in Balzac, Alberta through a joint venture with Calgary-based Hopewell Development LP […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-11-2022
    Real Estate Related

  6. Unprecedented sale and price increases since the pandemic began two years ago

    B.C. home sales to fall a further 11.4 per cent in 2023: BCREA Frank O’ BrienWestern Investor Real estate association forecast says record-setting market is “unwinding” British Columbia home sales will fall 34.4 per cent this year from the record-setting pace of 2021 and stumble down a further 11.4 per cent in 2023, according to the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-11-2022
    Real Estate Related

  7. Hoteliers looking to build on the lessons of the past three years as a recession looms

    B.C. hotel operators hopeful after successful season Peter MithamWestern Investor Despite labour shortages, cost pressures and a still-slow conference trade, rising occupancies and revenues point to a “remarkable recovery “  Most B.C. hotel sales this year are in outlier markets, such as the Kanata Hotel & Conference Centre, Kelowna, which sold in June for what […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-11-2022
    Real Estate Related

  8. Owners of Vancouver-area homes with a median value of $3.7 million pay income taxes of just $15,800

    Douglas Todd: Luxury homeowners in Metro Vancouver pay low income taxes, says UBC study Douglas Todd The Vancouver Sun Analysis: The owners of Greater Vancouver homes with a median value of $3.7 million pay income taxes of just $15,800 – which is exceedingly low for North American cities UBC’s Paul Boniface Akaabre, Craig Jones and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 08-11-2022
    Real Estate Related

  9. Activity remains well below pre-pandemic levels in most markets

    RBC: Prolonged housing market deceleration in the offing Ephraim Vecinaother The central bank’s rate hikes served as significant headwinds to the market this fall All current signs are pointing to a “generally soft” market over the next few months, according to Robert Hogue of RBC Economics. The central bank’s recent substantial rate hikes have played […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 08-11-2022
    Real Estate Related

  10. 10 multi-family rental in Kerrisdale sells for $4.08 million

    Kerrisdale 10-unit multi-family rental sells for $4 million Colliiers Vancouver for Western InvestorWestern Investor Apartment building in the heart of Vancouver’s Kerrisdale sold unconditionally for $408,000 per suite at a 2.35 per cent capitalization rate. Property type: Multi-family rental Location: 5607 Yew Street, Vancouver Number of suites: 10 Sale price: $4.08 million Cap rate: 2.35 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 08-11-2022
    Real Estate Related
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