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  1. Demand remains high in Metro Vancouver amidst pandemic

    How “chronic undersupply” is affecting Vancouver’s housing market Ryan Garner Livabl  While pandemic-driven demand remains high, lack of supply remains the biggest issue facing Vancouver’s housing market, changing both buyer expectations and the way realtors advise their clients. There are currently less than 5,700 active listings across Metro Vancouver, according to recent figures from the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 03-02-2022
    Real Estate Related

  2. 0.14 acres Single-room occupancy hotel sells for 16 Million dollar located in Columbia Street, Vancouver

    79 room Columbia Hotel SRO sells for 16 Million dollar Corbel Commercial Inc.Western Investor Off-market deal with non-profit in Vancouver’s Downtown East Side sells property for $5.9 million over assessed value at $202,500 per room. Type of property: Single-room occupancy hotel  Location: 303 Columbia Street, Vancouver Number of units: 79 units Year complete: 1920 Property […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 03-02-2022
    Real Estate Related

  3. Canadas housing markets rapid increase in prices could see falls as much as 20 percent

    Banking watchdog warns housing prices could plunge 20 percent when speculative fever breaks Financial Post StaffThe Vancouver Sun Office of the Superintendent of Financial Institutions chief describes the pandemic housing surge as the perfect storm  Peter Routledge, head of the Office of the Superintendent of Financial Institutions, said that housing markets that saw a rapid […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 03-02-2022
    Real Estate Related

  4. Home listed for sale in Greater Vancouver is 31.8 percent lower than last year

    Greater Vancouver home price tops $1.25 million as listings plunge Emma CrawfordWestern Investor Tight supply pushed Metro Vancouver detached home prices up almost 23 per cent year-over-year in January, says real estate board Because of low supply, total unit sales in January were down for both detached and attached homes, while apartment sales inched upward […]

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

  5. Home listed for sale in Greater Vancouver is 31.8 percent lower than last year

    Greater Vancouver home price tops $1.25 million as listings plunge Emma CrawfordWestern Investor Tight supply pushed Metro Vancouver detached home prices up almost 23 per cent year-over-year in January, says real estate board Because of low supply, total unit sales in January were down for both detached and attached homes, while apartment sales inched upward […]

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

  6. New Westminster has the lowest vacancy rate due to a lack of supply that is “hindering activity “

    Office vacancy in New Westminster falls to ‘all-time low’: report Chris CampbellWestern Investor Report blames a lack of supply  The Save-On-Foods at the Brewery District is one of three New Westminster locations of the grocery chain; all the stores have been reduced to 50% capacity in the face of the Omicron wave.Julie MacLellan A new […]

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

  7. A positive early trend in 2022 as volume of new listing improved significantly | FVR

    Fraser Valley home listings surged in January: Real estate board Tiffany CrawfordThe Vancouver Sun There were 2,135 new listings last month, an increase of 67.1 per cent compared with December. New home listings were significantly up last month in the Fraser Valley. Photo by Gerry Kahrmann /PNG Homebuyers with an eye on the Fraser Valley […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 01-02-2022
    Real Estate Related

  8. Housing demand remains high in British Columbia in their first quarter of 2022

    Five B.C. housing markets forecast to see the most price growth Ryan GarnerLivabl Despite historically low inventory, housing demand remains high in British Columbia and prices are expected to continue climbing, according to the British Columbia Real Estate Association’s (BCREA) 2022 first quarter market forecast. “Strong sales should persist through the first few months of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 01-02-2022
    Real Estate Related

  9. High property taxes are putting homeowners under stress

    More B.C. homeowners deferring property taxes may signal distress, says appraiser Derrick PennerThe Vancouver Sun Rising numbers over the last five years looks like a warning sign to some, but is less worrying to others who have watched new applications slow down. Property appraiser Paul Sullivan said he talks to a lot of homeowners who […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 01-02-2022
    Real Estate Related
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