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  1. Multi family rental in Kamloops sells for $2.3 million

    Kamloops multi-family rental sells at $176,923 per door NAI CommercialWestern Investor This 13-suite rental apartment building, centrally located near shopping and transit, sold for $2.3 million. Property type: Multi-family rental Location: 1221 Tranquille Road, Kamloops, BC Number of units: 13 Sale price: $2.3 million Per door price: $176,923. Brokerage: NAI Commercial, Vancouver Broker: Michael Marckwort […]

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

  2. House prices in Quebec appear to have remained robust throughout the adjustment

    Montreal housing market: Where are house prices headed? Fergal McAlinden other The city has witnessed continued price growth despite the impact of rate increases While Quebec’s housing market hasn’t proved immune to the national slowdown of recent months, house prices in the province appear to have remained robust throughout that adjustment. Second-quarter sales across Quebec […]

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

  3. Sales activity drop for the fourth straight month amid sustained interest rate hikes

    Rate hikes make themselves felt in the Fraser Valley market Ephraim Vecinaother The impact was especially apparent in home sales activity and average prices The Fraser Valley real estate market saw sales activity drop for the fourth straight month in July amid sustained interest rate hikes, according to the region’s housing industry association. The market’s […]

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

  4. Canada’s once-hottest housing markets continues to gather pace

    Toronto home sales continue to plummet Fergal McAlindenother One of the country’s hottest markets is experiencing a protracted slowdown  A marked cooldown in one of Canada’s once-hottest housing markets continues to gather pace, with home sales in the Greater Toronto Area (GTA) falling by 7.3% last month on a seasonally adjusted basis compared with June. […]

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

  5. A massive 43.3% Home sales annual drop | REBGV

    Vancouver market decelerates amid outsized rate hikes Ephraim Vecinaother The region’s July housing activity was significantly slower than the 10-year average The impact of the central bank’s outsized rate hikes has become starkly apparent in Vancouver, which saw a significant 22.8% monthly home sales decline in July. “Metro Vancouver’s housing market has entered a new […]

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

  6. New system save brokers valuable time and effort as strengthen their relationships with their clients | TD

    TD launches new, streamlined process for brokers Ephraim Vecinaother Submitting referrals for the bank’s protection plans is now more efficient TD has announced a new process for brokers with an enhanced digital referral system for its TD Protection Plans products.The new system will save brokers valuable time and effort, as well as “strengthen their relationships […]

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

  7. Canada had a total reverse mortgage volume of $6B as of Q1 2022

    Reverse mortgage boom could be on the way, report suggests Fergal McAlindenother Strong growth potential also comes with heightened riskThe reverse mortgage market in Canada still lags behind those of other countries including Australia and the United Kingdom – but it has potential for “strong growth” in the coming years, according to a recent report.Global […]

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

  8. Metro Vancouver home sales down again in July | REBGV

    Home sales continue to slump in Metro Vancouver, Fraser Valley in July Tiffany CrawfordThe Vancouver Sun  The Real Estate Board of Greater Vancouver says only 1,887 homes were sold in July, a 43.3 per cent decrease compared with the same month last year. Metro Vancouver home sales were down again in July, according to the […]

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

  9. Home buyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns | REBGV

    Home buyer demand continues to ease across Metro Vancouver REBGV StaffREBGV  Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-08-2022
    Real Estate Related

  10. Residential sale values across Toronto having fallen by 3.3%

    Economists highlight the Toronto housing market’s 2022-23 prospects Ephraim Vecinaother Some disturbing trends are already apparent, market observers warn While demand will remain robust, the Toronto housing market should brace for considerable price declines in the near future, according to a recent Toronto Star poll of economists. The price-drop trend is already apparent, with residential […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-08-2022
    Real Estate Related

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