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  1. Canadian home prices fall 5.3% in July, biggest declines since the crash began in March

    Housing in Canadas Biggest Cities Crashed: Could Small Markets Follow? Andrew Buttonother Canadian house prices are crashing now that banks like CIBC (TSX:CM)(NYSE:CM) are raising mortgage rates.  House prices are crashing in Canada’s biggest cities. In Toronto, Vancouver, and elsewhere, prices are coming down, following decades of consistent gains. In July, house prices fell 5.3% […]

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

  2. Downtown vacancies fall to 4.7% in the first half of 2022 | CBRE

    In-person contact fuels Vancouver’s retail revival as sanctions lift Peter MithamWestern Investor Diversified neighbourhoods, such as West 4th Avenue, faring the best as retail reboots  Huge crowds returned to West Fourth Avenue, Vancouver, for the 2022 Khatsalano street party July 9.|Facebook/Khatsalano Retail vacancies in Vancouver are falling as consumers return to in-person shopping, with services […]

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

  3. RBC’s net income plummet by 17% in Q3 2022

    RBC’s Q3 profits slip Fergal McAlindenother The banking giant’s third-quarter results were down from last year and came in lower than analysts expected Royal Bank of Canada (RBC) saw its year-over-year net income in 2022’s third quarter plummet by 17% to $3.58 billion, with adjusted earnings of $2.55 per share falling well short of average […]

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

  4. National Bank of Canada’s profit for Q3 2022 down from year ago

    National Bank sees third-quarter profits drop Fergal McAlindenother The results arrive in an “increasingly complex backdrop,” says bank’s CEO National Bank of Canada’s profit for Q3 2022 came in lower than the same time last year, with net income dropping from $839 million in 2021’s third quarter to $826 million this time around. That meant […]

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

  5. A $500M mixed-use development represents the tallest residential tower in Vancouver

    62-floor One Burrard Place opens in downtown Vancouver Frank O’BrienWestern Investor Exclusive soirée marks completion of $500 million project as tallest residential tower in the city.A by-invitation-only soirée on August 17 opened One Burrard Place, a $500 million mixed-use development that represents the tallest residential tower in Vancouver and the largest city project undertaken by […]

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

  6. Calgary’s industrial real estate market sees record high activity after a COVID-19 pandemic boost

    ‘Record high activity’: Calgary’s industrial real estate market blossoming in 2022 Dylan ShortThe Vancouver Sun Latest numbers show there is about 158 million square feet of vacancy in the city, representing a 1.5 per cent vacancy rate.A commercial for lease sign in the Manchester industrial area in Calgary was photographed on Wednesday, August 24, 2022. […]

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

  7. $15M estimate for the Squamish Nation to build a transit hub on the Burrard Bridge

    Squamish Nation to pay $48.4M in servicing costs for Senakw towers Bob MackinWestern Investor Vancouver servicing agreement signed in May and recently released details plan for 11-tower, 6,000-unit rental project in Kitsilano  Vancouver city hall’s landmark agreement to enable construction and provide utilities to the Squamish Nation’s 11-tower condo development around the Burrard Bridge is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-08-2022
    Real Estate Related

  8. 4,026 square feet industrial lot in Vancouver sells for $2.46 million

    East Vancouver 4,026-square-foot industrial lot sells for $2.46 million Avison YoungWestern Investor Currently improved with a fully leased residential triplex, Graveley Street lot of less than a 10th of an acre has potential for 3FSR of industrial density. Property type: Industrial lot Location: 1321 Graveley Street, Vancouver Land size: 4,026 square feet Potential: 3 FSR […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-08-2022
    Real Estate Related

  9. Scotiabank is the first of Canada’s traditional Big Six banks to post its earnings for the final quarter

    Scotiabank reports Q3 earnings Fergal McAlindenother The banking giant revealed its financial results amidst turbulent economic conditions Scotiabank reported higher earnings compared with a year earlier in its Q3 financial results released on Tuesday morning, although the banking giant’s profit in the third quarter came in slightly below estimates. The bank posted net income excluding […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-08-2022
    Real Estate Related

  10. 4,026-square-foot industrial lot sells for $2.46M located in 1321 Graveley Street, Vancouver

    East Vancouver 4,026-square-foot industrial lot sells for $2.46 million Avison YoungWestern Investor Currently improved with a fully leased residential triplex, Graveley Street lot of less than a 10th of an acre has potential for 3FSR of industrial density. Avison Young, Vancouver, for Western Investor   Property type: Industrial lot Location: 1321 Graveley Street, Vancouver Land […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-08-2022
    Real Estate Related

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