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  1. 86.7-acres waterfront development sites in Fraser Valley

    Massive waterfront parcel in Fraser Valley listed for sale Frank O’BrienWestern Investor Mission 86.7-acres on the Fraser River is open to bids as a ‘large-scale development site’ with OCP already in place for a variety of uses  Mission waterfront site is preloaded and shovel ready. | Goodman Commercial. Mission 86.7-acres on the Fraser River is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-02-2022
    Real Estate Related

  2. 0.79 acres in New Westminster sells for $27.5 million

    29-storey mixed-use development land located in 618 Sixth Street, New Westminster, B.C Marcus & MillichapWestern Investor High-density mixed-use development in Uptown could host 27 to 29 storeys of residential under current zoning. Property type: Development land Location: 618 Sixth Street, New Westminster, B.C Size of land: 34,801 square feet Land size in acres: 0.79 acres […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-02-2022
    Real Estate Related

  3. B.C. real estate industry announced plans to implement a “cooling-off period”

    Taming the housing market: Real estate industry at odds with B.C. government https://rem.ax/3M7t3y5The Vancouver Sun B.C. Real Estate Association is pushing back against province’s plan to allow homebuyers to back out of a sale within a “cooling period” of seven days.  The B.C. real estate industry and provincial Finance Minister Selina Robinson are at odds […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-02-2022
    Real Estate Related

  4. 8.99 acres industrial home in Richmond sells for $60.58 million

    Richmond industrial deal closes at $6.7 million per acre CBRE VancouverWestern Investor Near nine-acre site near SkyTrain sells for $60.58 million in one of the city’s largest industrial transactions to date Property type: Industrial Location: 9800 Van Horne Way, Richmond Property size: 112,019 square foot (warehouse) Land size: 319,604 square feet Land size in acres: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2022
    Real Estate Related

  5. Proposed new terminal port will significantly increase Canadian trade in the market

    Prince Rupert Port plans second container terminal Western Investor StaffWestern Investor The potential expansion would double the annual capacity at Canada’s third-largest port Proposed new terminal at Port of Prince Rupert would double container capacity to four million twenty-foot equivalent units (TEUs) of annual capacity. | Prince Rupert Port Authority The potential expansion would double […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2022
    Real Estate Related

  6. Net income reveal hits 6% year-over-year increase

    RBC reveals Q1 results Fergal McAlindenother The bank’s first-quarter earnings arrive amid continuing challenges posed by COVID-19 Royal Bank of Canada (RBC) has posted its financial results for 2022’s first quarter, revealing net income of $4.1 billion during that period – a 6% year-over-year increase. The bank said that its net income had risen by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-02-2022
    Real Estate Related

  7. New 238-unit rental complex in Kelowna sold for $83.5 Million

    Kelowna multi-family rentals hit record $500,000 per door Frank O’BrienWestern Investor Under-construction rental complex and new strata rental development set new price highs for residential transactions in the Okanagan city  New 238-unit-rental project sold for $83.5 million to Centurion REIT before construction even completed | Cushman & Wakefield Under-construction rental complex and new strata rental […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-02-2022
    Real Estate Related

  8. Redevelopment plan for the Hudson’s Bay building in downtown Vancouver

    Hudson’s Bay downtown Vancouver site eyed for office tower Frank O’BrienWestern Investor  Rezoning application will soon go to Vancouver city hall for ambitious redevelopment plan of century-old Granville Street location Iconic Hudson’s Bay store: rezoning sought for one-million-square-foot office tower and “next level” shopping centre. | Rendering from Streetworks Development Rezoning application will soon go […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-02-2022
    Real Estate Related

  9. Pier West development a second “monolithic concrete pour” on New Westminster’s waterfront

    Bosa set to pour foundation for 43-storey tower on New West waterfront Theresa McManusWestern Investor Concrete pour planned for March  An architect’s rendering of the Pier West development that’s under construction on New Westminster’s waterfront. Contributed/File A second “monolithic concrete pour” is set to take place on New Westminster’s waterfront in March. City council has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-02-2022
    Real Estate Related

  10. Canada’s deteriorating housing affordability situation | CMHC

    Canada rent prices – how are rates shaping up? Ephraim Vecinaother The greatest increases were seen in the nation’s largest markets  Housing affordability continues to deteriorate for Canadian tenants amid across-the-board increases in rent rates, according to the latest data from the Canada Mortgage and Housing Corporation. The average rent for a two-bedroom home across […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-02-2022
    Real Estate Related
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