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  1. Canada softwood lumber and panel prices drop 11% from the previous week

    Lumber prices welcome “summer slowdown” with a dip Mary Orother Interestingly, the price is nearly exactly where it was in 2020 Softwood lumber and panel prices dropped in Canada on the holiday-shortened week as customers kept well-stocked with wood, and producers saw shrinking order files. For the week ending August 5, the price of benchmark […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  2. Vancouver-area housing starts and sales continue to cool

    Metro Vancouver housing starts down 28 per cent in July Frank O’BrienWestern Investor Sharp drop from a month earlier is in step with a downturn in housing sales  Bucking a national trend, Metro Vancouver July housing starts fell 28 per cent compared to a month earlier, according to the latest data from Canada Mortgage and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2022
    Real Estate Related

  3. Canada’s annual pace of housing starts up 1.1% in July

    CMHC reveals latest pace of housing starts Fergal McAlindenother Find out how residential construction fared across Canada in July Canada’s annual pace of housing starts ticked upwards in July and posted a 1.1% increase over the previous month, the country’s national housing agency has revealed. The seasonally adjusted annual rate of July housing starts was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2022
    Real Estate Related

  4. Canada’s annual inflation rate slow to 7.6% in July 2022

    Canada’s inflation rate slows in July Fergal McAlindenother Is the country finally starting to turn the corner on price growth? Year-over-year inflation in Canada recorded its first decline since June 2020 last month, with the national statistics agency revealing that the annual inflation rate was 7.6% in July. That also represented the smallest monthly increase […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2022
    Real Estate Related

  5. Canadian MLS systems dropped by 5.3% between June and July

    Canada home sales feel impact of rate hikes Ephraim Vecina other Sales numbers declined in three-quarters of all local markets last month, CREA says  Canada’s home sales decelerated for the fifth straight month in July amid the central bank’s sharp interest rate hikes, according to the Canadian Real Estate Association (CREA). The total number of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-08-2022
    Real Estate Related

  6. Canadian home sales drop for fifth consecutive month

    Canadian home sales fall for fifth month in a row, down 29% from last July: CREA Canadian PressThe Vancouver Sun The association says sales in July fell 5.3 per cent compared with June. The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-08-2022
    Real Estate Related

  7. Canada house prices could a 25% drop be coming?

    Canadian home prices set to drop by almost 25% by end of 2023 Ephraim Vecinaother

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-08-2022
    Real Estate Related

  8. Canadians are slowly but surely making their return to downtown cores

    Canadians are slowly but steadily returning to the city Fergal McAlindenother Foot traffic across six major urban centres since April 2022 continues to tick upwards  Things have never been quite the same in Canadian city centres since the outbreak of the COVID-19 pandemic in 2020, with widespread office closures, work-from-home orders and public health restrictions […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-08-2022
    Real Estate Related

  9. Residential building construction price index rose by 5.3% in Q2 2022

    Residential construction financing: Broker on the challenges Fergal McAlindenother The sector has been impacted by rate increases – but some builders may see potential  Rate increases throughout the year to date have impacted most sectors of Canada’s mortgage market – and the residential construction financing space is no different, according to a broker who deals […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-08-2022
    Real Estate Related

  10. 17.6 acres land in McCarthy Road sells for $3.4 million

    Lake Country 17.6-acre greenhouse operation sells for $3.4 million MLC Real Estate GroupWestern Investor Agricultural land has 42 greenhouses on flat acreage on Kelowna city boundary. Property type: Land Location: 9719 McCarthy Road, Lake Country, B.C. Size of land:766,656 square feet Size of land in acres: 17.6 acres Zoning: A1 BC Assessment value: $3.59 million […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-08-2022
    Real Estate Related

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