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  1. Homes on the market was up by over 23%

    Canadian home prices hit new record high Fergal McAlindenother The average cost of a home across the country has surged by more than 20% in the past year The average price of a Canadian home hit a new milestone high in February, clocking in at $816,720, the Canadian Real Estate Association (CREA) has said. That […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-03-2022
    Real Estate Related

  2. Direct impact of mortgage professionals in 2022

    Credit reporting trends: what brokers need to keep in mind Fergal McAlinden other Equifax executive on some of the developments that could be on the way  A host of developments on the credit reporting front are set to have a direct impact on mortgage professionals in 2022, with recent legislation and emerging payment trends some […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 13-03-2022
    Real Estate Related

  3. Bank of Nova Scotia moved from buy rating to a hold |Mario Mendonca

    Scotiabank rating downgraded amid multiple unique risks Ephraim Vecinaother

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 11-03-2022
    Real Estate Related

  4. Firm Capital MIC net income increased by 5.7 percent in Q4 2021

    Firm Capital MIC announces robust Q4, year-round results Ephraim Vecinaother The corporation especially benefited from higher interest incomeFirm Capital Mortgage Investment Corporation has announced strong results for the three and 12 months ending December 31, 2021.In Q4 2021, the MIC saw its net income increase by 5.7% annually to reach $7.734 million. The company’s net […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 11-03-2022
    Real Estate Related

  5. A trend that will impede economic growth by categories | McKay

    RBC: Revenge spending to run into inflation without growth Ephraim Vecinaother The possibility of stagflation is very real in the current environment, RBC CEO says  An emerging risk of Canadian consumers spending their pent-up pandemic savings is higher inflation without significant growth, according to Dave McKay, CEO of the Royal Bank of Canada. This will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 10-03-2022
    Real Estate Related

  6. 18,200 square feet multi-family rental in Burnaby sells for $8.8 million

    Burnaby 26-unit multi-family rental sells for $8.8 million Macdonald CommercialWestern Investor Villa Fortuna, in the popular shopping district of Burnaby Heights and close to Simon Fraser University, sold for $1.8 million above its assessed value. Type of property: Multi-family rental Location: 4129 Albert Street, Burnaby, B.C. Number of units: 26 Size of property: 18,200 square […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 10-03-2022
    Real Estate Related

  7. New data insights in Greater Toronto pre construction market in hot spot

    9,750 new construction condo units may launch in the GTA by end of Q1-2022 Michelle McNallyLivabl Since the first Toronto condo project kicked off sales just six days into 2022, the Greater Toronto Area pre-construction market has been hot. New data insights shared with Livabl show that substantially more units have been launched during Q1-2022 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 10-03-2022
    Real Estate Related

  8. 3-acres mini-storage sells for $27.5 Million located in 800 Boyd Street, New Westminster

    844-unit New Westminster mini-storage sells for $27.5 million Western Investor StaffWestern Investor Located in Queensborough area of New Westminster B.C., the property is on three acres with expansion potential Property type: Mini-storage Location: 800 Boyd Street, New Westminster, B.C. Number of units: 844 lockers; 122 rentable parking stalls Size of property: 89,156 square feet Size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 09-03-2022
    Real Estate Related

  9. 43,734 square feet industrial property in Chilliwack sells for $3.29 million

    One acre of Chilliwack industrial sells for $3.29 million Homelife Advantage Realty LtdWestern Investor Land zoned for light industrial with easy access to Trans-Canada Highway sold for the full asking price. Property type: Industrial Location: 8004 Enterprise Drive, Chilliwack, B.C. Size of property: 43,734 square feet Size of land, in acres: 1 acre Zoning: M2 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 08-03-2022
    Real Estate Related

  10. Monthly sales and new listing setting up for intense market condition

    March’s Greater Vancouver housing market on track to be ‘barnburner’ Michelle McNally Livabl With February having come and gone, Vancouver’s housing market could be a “barnburner in March,” marking one of the busiest months in the real estate calendar. In a monthly sales and listings report for the Greater Vancouver area, broker and chief economist […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 08-03-2022
    Real Estate Related
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