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  1. Canadian housing market is now close to entering “bear” territory, according to a leading bank economist

    Canada housing market what direction is it headed in? Fergal McAlindenother Storm clouds are brewing, but there’s some cause for optimism  It’s been on a pronounced cooldown for much of the year – and the Canadian housing market is now close to entering “bear” territory, according to a leading bank economist. Doug Porter, chief economist […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-08-2022
    Real Estate Related

  2. The number of home sales will fall 35% over the same time based on their report

    Canadian home prices could drop up to 25% by early 2023: TD Canadian PressThe Vancouver Sun Projected price drop represents an unprecedented decline at least going as far back as the late 1980s TD estimates estimates the number of home sales will fall 35 per cent by early 2023. Photo by Dan Janisse/The Windsor Star […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-08-2022
    Real Estate Related

  3. 4.07 acres industrial sells for $13.25M located in 4046 96th Avenue SE, Calgary

    Four acre, 426-unit Calgary self-storage sells for $13.25 million Western Investor StaffWestern Investor There is expansion potential for the Alberta Storage Place site in southeast Calgary NAI Commercial, Langley, B.C., for Western Investor   Property type: Self-storage/industrial Location: 4046 96th Avenue SE, Calgary Number of locker units: 426 Property size: 43,396 square feet Land size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-08-2022
    Real Estate Related

  4. Average rental in GTA surge 19% in July

    GTA rental market sees a July surge Ephraim Vecinaother Accelerated demand was prominent in downtown Toronto, new report says Average monthly rents in the Greater Toronto Area grew by $400 (approximately 19%) year over year in July, with average rents in the city of Toronto increasing by 25% annually, according to a new report from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-08-2022
    Real Estate Related

  5. Canadian mortgage debt reached more than $1.6 trillion in Q2 2022 | CMHC

    Canada’s outstanding mortgage debt now exceeds $1.6 trillion Ephraim Vecinaother

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-08-2022
    Real Estate Related

  6. 13.57 acres industrial land in Manitoba sells for $3.39 Million

    13.5 acres of industrial in Rosser, Manitoba, fetches $3.39 million Western Investor StaffWestern Investor Land, about 17 kilometres from downtown Winnipeg in the rural municipality and close to CentrePort, was bought by a local trucking company. Shindico Realty Ltd., Winnipeg, for Western Investor   Property type: Industrial land Location: 8056 Park Royale Way, RM of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-08-2022
    Real Estate Related

  7. 80 acres of raw land sells for $3.4M located in Rosser, Manitoba

    80 acres of raw land near Winnipeg sells for $3.4 million Western Investor StaffWestern Investor Rural land in Rosser, Manitoba, purchased by out-of-province investor for future development   Potential for development. Shindico Realty Ltd, Winnipeg, for Western Investor   Property type: Raw land Location: Rural route on Mollar Road, RM of Rosser, Manitoba Sale Price: $3,400,000 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-08-2022
    Real Estate Related

  8. Investor Weihong Liu spent $858M buying three B.C. retail centres

    Serial immigrant investor lands Tsawwassen Mills megamall Frank O’BrienWestern Investor Weihong Liu, who arrived in Canada eight years ago, now owns three of the biggest shopping malls on the B.C. coast  A recent immigrant to Canada who bought Tsawwassen Mills this year has big plans for the giant South Delta mall, as she has for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-08-2022
    Real Estate Related

  9. Higher than analysts’ average projected profit for the bank of $2.04 per diluted share.

    TD reports Q3 financial results Fergal McAlindenother Find out how the banking giant fared in 2022’s third quarter TD Bank Group reported that its net income for the third quarter was down year over year, coming in at $3.21 billion compared with $3.55 billion in Q3 2021, although the banking giant surpassed average analyst expectations […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-08-2022
    Real Estate Related

  10. Pre-Construction facing its own share of new changes

    Pre-Construction In the Age of Rising Interest Rates Corben GrantCanadian Real Estate Wealth  As markets across the country begin to cool from last year’s highs, the world of preconstruction is facing its own share of new changes. As interest rates rise and developers and buyers alike reassess their plans, it is becoming increasingly difficult to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-08-2022
    Real Estate Related

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