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  1. Investors are definitely “taking a hard look at their costs” when making investments | Jill Earthy

    Province’s tech sector braces for downturn Derrick Pennerother American companies are getting hit hard, especially those involved in cryptocurrencySauder School of Business economist Werner Antweiler views the upheaval happening in technology industries as “the great filter,” a weeding out of flashy ideas such as cryptocurrency in favour of innovations built on delivering real products.Tech companies […]

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

  2. Shangri-La tower used a real estate appraiser to assess how the market value was affected by the problem

    Affidavits for Shangri-La tower class-action lawsuit examine market values Joanne Lee-YoungThe Vancouver Sun

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

  3. RBC predicts Canada heading moderate and short-lived recession in 2023

    Canada recession: It’s coming, RBC predicts, but how long will the downturn last? Salarino Hoother Canada is headed towards a moderate recession, but the economic contraction is expected to be short-lived compared to previous recessions, economists with Royal Bank of Canada predict. The Bank of Canada has been hiking its key overnight interest rate aggressively […]

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

  4. After 1,000 columns, some common issues that prevail in the industry

    Condo Smarts: Tony Gioventu pens 1,000th column on strata life Tony GioventuThe Vancouver Sun Weekly Homes columnist began helping readers with strata-living issues in November, 2002Tony Gioventu, executive director for the Condominium Home Owners’ Association in action in Vancouver, BC., April 3, 2013. Photo by Nick Procaylo /PNGWith over 34,000 strata corporations across British Columbia, […]

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

  5. Price of lumber near $1,200 per thousand board feet up nearly 250% since last April

    Could lumber prices fall even further? Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-07-2022
    Real Estate Related

  6. 5.27 acres industrial parcel in Penticton sells for $12.6 Million

    Penticton 5.27 acres with mini storage sells at full price Western Investor StaffWestern Investor The industrial parcel, which includes 244 storage units and 13,000 square feet of commercial rental units, sold for $12.6 million. Green Real Estate Group, Penticton, B.C., for Western Investor   Property type: Industrial Location: 270, 290 and 360 Waterloo Avenue, Penticton, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-07-2022
    Real Estate Related

  7. Toronto home price fell 3% in June, 11% since February | TRREB

    Toronto home sales plunge 41% amid glut Ari AltstedterBloomberg  Toronto home prices dropped for a fourth straight month and sales tumbled as rising bor­row­ing costs rap­idly cool demand for prop­er­ties in Canada’s fin­an­cial cap­ital. The aver­age price of a home in the city fell three per cent in June to $1.14 mil­lion on a sea­son­ally-adjus­ted […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2022
    Real Estate Related

  8. Residential mortgage debt in Canada climbed by 9% in 2021 over the previous year | CMHC

    Residential mortgage debt continues to surge, says CMHC Residential mortgage debt in Canada climbed by 9% in 2021 over the previous year | CMHC Fergal McAlindenother The government body has published its latest report on mortgage industry trendsResidential mortgage debt in Canada climbed by 9% in 2021 over the previous year, Canada Mortgage and Housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2022
    Real Estate Related

  9. Vancouver proposes huge condo-rentals-social housing development at north end of Granville Bridge

    Vancouver proposes huge housing development at north end of Granville Bridge Susan LazarukThe Vancouver Sun

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

  10. The median price for all housing types across Metro Vancouver fell by 13.5% to $889,000 in June

    Home sales plummet in Metro Vancouver as buyers adjust to interest rate hikes Joanne Lee-YoungThe Vancouver Sun Prospective buyers are now being forced to weigh the positive impact of falling prices against the negative impact of rising interest rates  Sales across much of Canada have slowed dramatically after the Bank of Canadas interest-rate hike forced […]

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

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