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  1. B.C. home sales continue to moderate from record highs of this time last year

    B.C. reports over 11,400 homes sold in March: BCREA Michelle McNallyLivabl   Last month, upwards of 11,400 homes traded hands across British Columbia, but levels have fallen from the record highs set in March 2021. In a statistics release, the British Columbia Real Estate Association (BCREA) reported that 11,463 total properties were sold through the province’s […]

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

  2. Bank of Canada hikes interest rate by 0.5% in inflation fight

    Bank of Canada raises rates .5 per cent Livabl StaffLivabl  Canada’s central bank raised its key lending rate by .5 per cent, bringing it to 1 per cent. This follows a .25 hike when it last met last month. The lending rate is important because it sets the direction for the major banks, raising the […]

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

  3. Cheema lands proposal rejected again by District of Squamish council

    Squamish council rejects bid to redesignate Cheema lands Steven ChuaWestern Investor Property slated for residential development remains outside growth management boundary  Cheema lands. Via District of Squamish report For the third time in four years, District of Squamish council has turned down a proposal to include the Cheema lands within its growth management boundary.  During […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-04-2022
    Real Estate Related

  4. The spread Between home ownership costs and residential rents is at a record high following the COVID-19 pandemic | Benjamin Tai

    Skyrocketing ownership costs point to coming rise in Lower Mainland rents Peter MithamWestern Investor Residential, industrial prices have outstripped rents, meaning there’s lots of room for rate growth  CIBC managing director Benjamin Tal told the Vancouver Real Estate Forum he expects strong growth in multifamily rents in the years ahead. / Dan Toulgoet Rising land […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-04-2022
    Real Estate Related

  5. 14.75 acres land in Summerland sells for $3.1 Million

    Summerland 14.7 acres of lakeview land sells for $3.1 million Re/Max Penticton RealtWestern Investor Approximately 30 to 50 houses could be built on the former Okanagan vineyard, which is not in the Agriculture Land Reserve, under one of three development options. Type of property: Land for development. Location: 13610 Banks Crescent, Summerland, B.C. Land size: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-04-2022
    Real Estate Related

  6. 8.78-acres industrial in Okanagan sells for $4 Million

    Okanagan Falls industrial on 8.7 acres trades for $4 million Re/Max Penticton RealtWestern Investor With easy access off Highway 97 in B.C.’s Okanagan, the parcel includes a commercial building, caretaker’s residence, and RV and boat storage, with expansion potential. Re/Max Penticton Realty, Penticton, B.C., for Western Investor   Type of property: Industrial Location: 4850 Weyerhauser […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-04-2022
    Real Estate Related

  7. Bosa development is suing Bosa Properties over the use of its name in Canada and U.S.

    Bosa Development takes Bosa Properties to court over its name Tyler OrtonWestern Investor U.S., B.C. lawsuits allege use of Bosa name, similar branding are confusing the public  Similarities between the logos of Bluesky Properties and Bosa Development have contributed to consumer confusion, lawsuits in Canada and the U.S. allege.Submitted A cross-border battle of the Bosas […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-04-2022
    Real Estate Related

  8. Federal budget falls short on investments in critical infrastructure for the health and well-being of all Canadians | Chris Atchison

    Federal budget gives development groups little to cheer Peter MithamWestern Investor Policy trumps spending as Ottawa pares new investments  Spending commitments in the April 7 federal budget delivered by finance minister Chrystia Freeland left development groups unimpressed. Restrained spending in the federal budget on April 7 still adds up to more than $452 billion in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-04-2022
    Real Estate Related

  9. Abundant and diverse forms of housing supply in the country | REBGV

    Housing was the focus of today’s federal budget REBGV StaffREBGV Today’s Federal Budget 2022 had a significant focus on housing for Canadians. Finance Minister Chrystia Freeland laid out how the government is planning to address housing affordability by adopting policies in three categories: building, saving and anti-flipping/foreign investment.  “This was a housing-focused budget and there’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-04-2022
    Real Estate Related

  10. Atmosphere project in Richmond is seeking protection from creditors

    Developer of downtown Richmond property seeks creditor protection Peter MithamWestern Investor April 25 court date set for a proposal to satisfy Alderbridge Way LP’s largest creditor  Building permits for the Atmosphere development expired and the company has now sought creditor protection.Richmond News file photo The developer of a high-profile site in downtown Richmond is seeking […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-04-2022
    Real Estate Related

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