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  1. BoC rate hike represents a huge strain on consumers

    Rate hikes hurt consumers the most, analysts say Ephraim Vecinaother Homeowners are at risk of further rate increases down the line The latest Bank of Canada rate hike represents a huge strain on consumers, financial industry players have warned. “Another 75 bps sucks significant discretionary income from the pockets of floating-rate borrowers,” analyst Robert McLister […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-09-2022
    Real Estate Related

  2. The province performed better than expected in Q1, minister says

    BC economy still strong, despite inflationary headwinds Nelson BennettWestern Investor Province’s forecasted deficit now expected to be a surplus  “The province performed better than expected” in the first quarter, says B.C. Finance Minister Selina Robinson.Province of BC As B.C.’s economy navigates uncertain waters between a pandemic and a possible global economic recession in 2023 — […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2022
    Real Estate Related

  3. The perfect excuse to maintain that staycation state of mind

    Staycation state of mind at the Douglas Andrew McCredieThe Province West Coast vibes are in the nature of this downtown hotel with hip lounge, classic steakhouseSeptember is one of the best months here on the southwest coast of B.C., with warm days, cool nights and fewer tourists in the downtown core. In other words, the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-09-2022
    Real Estate Related

  4. BoC to “stop sugar coating things” and admit that we’re at elevated risk for a recession

    Canada’s recession risk running too high, says Desjardins economist Ephraim Vecinaother Rate jumps point to the bank’s awareness of the need to pull inflation back to sub-3% levels With its latest outsized rate hike, the Bank of Canada must “stop sugar-coating things” and respond accordingly to Canada’s higher risk of recession compared to other developed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2022
    Real Estate Related

  5. Canadian banks increase prime lending rates by 75 basis points to 5.45 percent

    Canadian banks raise prime rates after Bank of Canada hike Denise Paglinawanother Canada’s six big banks have all raised their prime rates after the Bank of Canada hiked its key rate to 3.25 per cent Wednesday. Photo by REUTERS/Mark Blinch/File Photo Major Canadian banks have increased their prime lending rates by 75 basis points to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2022
    Real Estate Related

  6. Canadian banks increase prime lending rates by 75 basis points to 5.45 percent

    Canadian banks raise prime rates after Bank of Canada hike Denise Paglinawanother

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2022
    Real Estate Related

  7. 2 units of strata commercial in Vancouver sells in $3.34 Million

    Gastown Heritage street-front loft commercial sells for $3.34 million Western Investor StaffWestern Investor Two showpiece retail/office strata sites at Koret Lofts, East Cordova Street, Vancouver total 2,807 square feet. Corbel Commercial Inc., Vancouver, for Western Investor   Property type: Strata commercial Location: 57 and 63 East Cordova Street, Vancouver Property size: 2,807 square feet (total […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2022
    Real Estate Related

  8. 3 commercial-industrial assembly sells for $12.6M located in 270 Waterloo Ave Penticton, BC

    Penticton 5.2-acre commercial-industrial assembly sells for $12.6M Western Investor StaffWestern Investor Three-lot assembly includes a 244-unit mini-storage facility, three additional commercial retail units totalling 12,500 square feet, plus additional secure vehicle storage. Re/Max Penticton Realty, Penticton, B.C., for Western Investor   Property type: Commercial-industrial Location: 270-290-360 Waterloo Ave Penticton, B.C. Number of properties: 3 Property […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2022
    Real Estate Related

  9. 3 commercial-industrial assembly sells for $12.6M located in 270 Waterloo Ave Penticton, BC

    Penticton 5.2-acre commercial-industrial assembly sells for $12.6M Western Investor StaffWestern Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2022
    Real Estate Related

  10. Office building sells for $500,000 located in 340 Stafford Street, Winnipeg

    Winnipeg 1,600-square-foot office building sells for $500,000 Western Investor StaffWestern Investor The free-standing property sold to the occupier for medical use Shindico Realty Ltd., Winnipeg, for Western Investor Property type: Office building Location: 340 Stafford Street, Winnipeg, Manitoba Size of property: 1,600 square feet Number of units: 1 Sale price: $500,000 Sold to: Occupier Brokerage: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2022
    Real Estate Related

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