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  1. 51-storey condo development located in Willingdon Avenue & Dawson Street, Burnaby

    Huge Burnaby condo development sold by troubled China Aoyuan for $215M Chris Campbell other Company was facing a cash crunch due to a debt crackdown, leading to a rare sale of a project so far into the city approval process.  A major Burnaby condo development in the Brentwood area that’s been working its way through […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-04-2022
    Real Estate Related

  2. 26 retail units in Surrey sells for $35 Million

    Surrey 5.05-acre site with holding income sells for $35 million Fraser Elliot Western Investor Scott Town Plaza has 26 retail units and is eyed as a potential development site close to transit stations Fraser Elliott, Vancouver, for Western Investor   Property type: Retail Location: 9522 120 Street, Surrey Size: 59,859 square feet Land size in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-04-2022
    Real Estate Related

  3. New policies to create opportunities for larger kinds of development in many areas

    OPINION: Vancouvers Broadway Plan: opportunities and the unknown Jessica HathawayWestern Investor More than half the properties along Broadway will need to be assembled to meet the minimum frontage required for redevelopment under the plan  After years of anticipation, the latest version of the Broadway Plan will go Vancouver City Council on May 18. The plan, which provides […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-04-2022
    Real Estate Related

  4. Bank of Canadas announced its biggest interest rate hike in 22 years

    Sharp interest rate hike erodes margins, threatens recession Peter MithamWestern Investor While commercial real estate players had expected interest rate hikes, the speed of the increase caught some off guard  Benjamin Tal of CIBC tells Real Estate Forum “Your enemy is not higher interest rates. Your enemy is rapidly rising interest rates.” | Vancouver Real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-04-2022
    Real Estate Related

  5. Small Canadian markets to see price increases up to 20% in 2022: report

    Canada’s small housing markets may see 20% price jump in 2022 Michelle McNallyLivabl  The allure of small town living — whether it be cheaper real estate prices or peace and quiet in the outdoors — continues to draw Canadian homebuyers. The demand for properties in smaller communities is creating a boom in local housing markets, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-04-2022
    Real Estate Related

  6. Small Canadian markets to see price increases up to 20% in 2022: report

    Canada’s booming small housing markets could see up to 20% price growth in 2022 Michelle McNallyLivabl    The allure of small town living — whether it be cheaper real estate prices or peace and quiet in the outdoors — continues to draw Canadian homebuyers. The demand for properties in smaller communities is creating a boom […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-04-2022
    Real Estate Related

  7. 0.31 acres land assembly in Vancouver sells for $11.9 Million

    Main Street two-lot land assembly sells for $11.9 million Goodman Commercial Inc.Western Investor 13,410 square foot corner redevelopment site at Main Street at 24th Avenue, Vancouver, is zoned for residential rentals Gammon International, Vancouver, for Western Investor   Type of property: Land assembly Location: 3970 and 3998 Main Street, Vancouver Land size: 13,410 square feet […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-04-2022
    Real Estate Related

  8. B.C.’s Woodfibre LNG construction set to begin in 2023

    Woodfibre LNG construction is finally a go Nelson Bennettother Construction to begin in earnest in 2023 on $1.6 billion plant in Squamish  An old pulp mill site was chosen for the new $1.6 billion Woodfibre LNG plant in Squamish. | Squamish Chief After years of delays, the $1.6 billion Woodfibre LNG project in Squamish is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-04-2022
    Real Estate Related

  9. Why does the real estate industry need cybersecurity?

    Cybersecurity in the real estate industry: are you prepared? Corben Grantother With the world of business moving deeper every day into the digital realm, cybersecurity is more important for businesses now than ever. This is especially true for real estate organizations that can possess large amounts of sensitive data for both employees and clients. Cyberattacks […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-04-2022
    Real Estate Related

  10. BoC increased its target for the overnight rate to 1%

    Bank of Canada Raises Interest Rates: What it Means for Home Buyers and Sellers Daniel Crookother Today the Bank of Canada announced an increase in interest rates by 50 basis points, the second increase of the year. The move means that the interest rate currently stands at 1%, having been slashed to near zero in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-04-2022
    Real Estate Related

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