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  1. 1.2 acres office in Calgary sells for $367 per square foot

    Calgary 50,000-square-foot office building sells for $18.35 million Calgary Municipal Land Corp.Western Investor New downtown building on 1.2 acres is known as the Platform Innovation Centre & Parkade, and the buyer will occupy the office space. Calgary Municipal Land Corp., Calgary, for Western Investor   Property type: Office Location: 309 9th Avenue SE, Calgary Size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-03-2022
    Real Estate Related

  2. Lower Mainland’s commercial real estate market reached the second-highest annual total on record in 2021

    Commercial real estate sales heightened in 2021 REBGV Staffother Sales activity in the Lower Mainland’s commercial real estate market reached the second-highest annual total on record in 2021. There were 2,659 commercial real estate sales in the Lower Mainland in 2021, a 65.3 per cent increase from the 1,609 sales in 2020, according to data […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-03-2022
    Real Estate Related

  3. What will be the impact in the future housing and mortgage markets?

    Liberal-NDP deal: What does it mean for the housing market? Fergal McAlinden other The agreement should see Prime Minister Justin Trudeau remain in power until at least 2025  After securing another minority government in last September’s federal parliamentary election, Prime Minister Justin Trudeau appears to have effectively guaranteed he’ll stay in power until at least […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2022
    Real Estate Related

  4. How BC can solve the wicked problem of housing affordability

    Is housing supply keeping up with demand? Municipalities disagree with Housing Minister David Eby REBGV Staffother  At a glance Housing Minister David Eby believes red tape at the municipal level is restricting new housing supply. The municipalities disagree. The Union of BC Municipalities recently released a report they believe shows the issue lies in other […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2022
    Real Estate Related

  5. BC’s housing affordability issues while public concern about the risk face in markets

    BCREA Addresses Minister Robinson’s Announcement Darlene HydeBCREA Yesterday, Minister of Finance Selina Robinson announced plans to amend the Property Law Act to pave the way for the introduction of a “Homebuyer Protection Period” in real estate transactions. While the Government’s announcement lacked detail, the Homebuyer Protection Period will give buyers the right to rescind offers […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2022
    Real Estate Related

  6. Equity mortgage program was “simply failing” | MPC

    Why enticements for first-time buyers are failing Ephraim Vecinaother “Almost all clients dislike the idea of becoming a co-homeowner with the government, if they can avoid it” An early promise of the federal government’s First-Time Home Buyers Incentive was the prospect of homeownership for a greater number of Canadians – a promise that turned out […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2022
    Real Estate Related

  7. Central bank is “prepared to act forcefully” to keep inflation within it’s target | Kozicki

    Industry observers weigh in on the likely stronger BoC rate hikes this year Ephraim Vecina other A more “hawkish” tone paves the way for more aggressive moves, analysts say Traders have priced in approximately a 75% chance that the Bank of Canada will raise its target for the overnight rate by 50 basis points on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-03-2022
    Real Estate Related

  8. Cooling-off period to provide homebuyer protection in hot market

    ‘Cooling-off’ time coming for homebuyers but details yet to be worked out Peter MithamWestern Investor Regional approach possible, similar to foreign buyer and vacancy taxes  B.C. Finance Minister Selina Robinson. | File photo A cooling-off period is coming for resale homes in the province, but the province has yet to announced the details of the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2022
    Real Estate Related

  9. New mandatory “cooling-off period” for BC home sales won’t work

    OPINION:Spare us the stupid ideas to fix the housing problem Frank O’BrienWestern Investor No, a cooling-off period, teeny-tiny houses, punitive taxes or $500,000 suites for the homeless won’t create more affordable housing in British Columbia The typical apartment in Greater Vancouver sells for $807,500 and rents for $2,661, both the highest levels in Canada.Paul McGrath, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-03-2022
    Real Estate Related

  10. 9.9 acres land sells for $8.2 Million located in 31061 Gunn Avenue, Mission, B.C.

    Mission 9.9-acre potential townhome site sells for $8.2 million HomeLife Advantage RealtyWestern Investor Located in the Silverdale area, the land could host townhomes or single-family houses under development plans expected to finalize in the summer of 2022 Nault Group, HomeLife Advantage Realty, Abbotsford, B.C., for Western Investor Type of property: Land Location: 31061 Gunn Avenue, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-03-2022
    Real Estate Related
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