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  1. Area’s housing inventory levels rose 3.2% compared with the 10-year average in 2022

    Housing supply crisis: Time for “alarm bells, s”ays RE/MAX president Fergal McAlindenother A long-standing issue in Canada’s housing market only appears to be getting worse  The time has come to “ring the alarm bell” on Canada’s lack of housing supply, with no end in sight to the inventory shortage that’s been a constant theme in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2022
    Real Estate Related

  2. Canadian housing starts down 3% in August over the previous month

    Canada housing starts drop in August Fergal McAlindenother A decline in multi-unit urban starts contributed to a slower month overall, said CMHC Canadian housing starts were down 3% in August over the previous month, a trend that was driven by a decline in multi-unit urban starts, according to Canada’s national housing agency. Canada Mortgage and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2022
    Real Estate Related

  3. 0.22 acres retail site in Kelowna sells for $1.4 Million

    Kelowna 9,583-square-foot retail site sells $100,000 over list Western Investor StaffWestern Investor The free-standing downtown site on 0.22 acres with two rental units also sold for nearly $440,000 above its appraised value, at $1.4 million Re/Max Kelowna – MCL Real Estate Group, Kelowna, B.C., for Western Investor   Property type: Retail Location: 203-207 Rutland Road […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  4. Metro Vancouver office vacancies fall 7.8% during the period, down from 8.4% a year earlier

    Downtown office market stabilizing but tenants are staying nimble Peter MithamWestern Investor Flexible leases in demand as economic outlook calls for caution Downtown Vancouver office space is enjoying a stabilizing environment, says Avison Young.Chung ChowWhile the second half of 2022 has been beset by uncertainties driven by high inflation and rising interest rates, Avison Young’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  5. 3.4-acre industrial site in Coquitlam sold for $24M in Q2 2022

    Industrial leads drop in CRE transactions across Lower Mainland Western Investor StaffThe Vancouver Sun With a 34 per cent decline in property deals, total commercial real estate sales volume in the second quarter fell to $3.26 billion  A 3.4-acre industrial site in Coquitlam, B.C, sold in the second quarter 2022 for $24 million. | PC […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  6. Saskatchewan residential property sales continue to decline from last year

    Saskatchewan residential sales exceed 10-year average Jaryn VecchioWestern Investor Sale prices are increasing in many communities as listings remain low Residential property sales across Saskatchewan continue to be down from last year but that doesn’t mean the sector is struggling. According to the Saskatchewan Realtors’ Association (SRA), most communities are seeing sales numbers higher than […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  7. Average home price increase 10.8% in 2022 and sales would fall by 14.7% | CREA

    CREA slashes 2022 home sales forecast Fergal McAlindenother Prices will also fall further than previously expected, association says The Canadian Real Estate Association (CREA) has cut its forecast for home sales in 2022 and indicated lower price growth expectations amid a protracted housing market cooldown. The association said the number of properties sold via Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  8. Average home price increase 10.8% in 2022 and sales fall by 14.7% | CREA

    CREA slashes 2022 home sales forecast Fergal McAlindenother Prices will also fall further than previously expected, association says The Canadian Real Estate Association (CREA) has cut its forecast for home sales in 2022 and indicated lower price growth expectations amid a protracted housing market cooldown. The association said the number of properties sold via Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  9. Sales volumes fall 24.7% year-over-year basis, edged down just 1% from July to August

    Canada’s average home price down 3.9% in August from same month in 2021 Shantae CampbellThe Vancouver Sun Home sales, meanwhile, edged down just 1% between July and AugustA realtor’s sign outside a house for sale in Toronto. Photo by Chris Helgren/Reuters filesThe average price of homes sold in Canada in August fell 3.9 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  10. Sales volumes fall 24.7% year-over-year basis, edged down just 1% from July to August

    Canada’s average home price down 3.9% in August from same month in 2021 Shantae CampbellThe Vancouver Sun Home sales, meanwhile, edged down just 1% between July and AugustA realtor’s sign outside a house for sale in Toronto. Photo by Chris Helgren/Reuters filesThe average price of homes sold in Canada in August fell 3.9 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

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