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  1. Metro Vancouver markets saw home price declines in Q3

    Sunshine Coast, Squamish buck trend of lower home prices Jeremy HainsworthWestern Investor High-priced Vancouver’s West Side and West Vancouver also out-perform three-quarters of Metro markets  Detached house prices on the Sunshine Coast of B.C. are holding steady, Re/Max study finds. | Western Investor While three-quarters of Metro Vancouver markets saw home price declines, detached house […]

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

  2. Here are a few possible reasons why townhouses can be hard to sell

    The top five reasons townhouses are hard to sell Jonathan Russellother The top five reasons townhouses are hard to sell  Townhouses are an attractive option for anyone looking to buy a home quickly, usually young families. But while purchasing a townhouse may make sense, there are things to consider a little further down the line, […]

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

  3. 64-unit Cottages at Southgate housing complex opens in Lethbridge, Alberta

    Alberta community receives substantial housing funding Ephraim Vecinaother New housing complex to begin accepting residents by next month Federal and provincial officials announced a massive $15.8 million in combined funding during the grand opening of the 64-unit Cottages at Southgate housing complex in Lethbridge, Alberta. The development, which will primarily cater to seniors in need […]

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

  4. 1.39 acres industrial land in Maple Ridge sells for $6.88 Million

    Maple Ridge 1.39-acre auto recycler business sells for $6.88 million Western Investor StaffWestern Investor Sale of industrial land and 7,900-square-foot building said to set record price for Metro Vancouver suburban city. Royal LePage Westside Klein Group, Vancouver, for Western Investor   Property type: Industrial Location: Kanaka Business Park, 13176 Lilley Drive, Maple Ridge, B.C. Property […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  5. Canada’s inflation rate hit 8.1% in June

    Where are interest rates headed for the rest of 2022? Fergal McAlindenother The year to date has already seen its fair share of surprising news where variable and fixed rates are concerned  It may seem hard to believe, but 2022 will soon be entering its closing stretch as the summer ends and fall comes into […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  6. Canadian seeking detached homes have return to the market amid softer values in Q2

    ‘Softer’ values for detached homes bringing buyers back into the market, RE/MAX study finds Shantae CampbellThe Vancouver Sun Second-quarter home sales increased across 40% of GTA neighbourhoods  Homes in Toronto. Photo by James MacDonald/Bloomberg files Canadians seeking detached homes have returned to the market amid “softer” values in the second quarter, according to a new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  7. Canada’s housing affordability continue to decline in Q2 2022

    Housing affordability deteriorates to new lows Mika Pangilinanother Q2 marks “worst quarterly and annual deteriorations in 41 years” Housing affordability across Canada continued to decline during the second quarter of the year, hitting the worst level of deterioration since the 1980s. According to a recent report from the National Bank of Canada, mortgage payments now […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  8. Canada softwood lumber and panel prices drop 11% from the previous week

    Lumber prices welcome “summer slowdown” with a dip Mary Orother Interestingly, the price is nearly exactly where it was in 2020 Softwood lumber and panel prices dropped in Canada on the holiday-shortened week as customers kept well-stocked with wood, and producers saw shrinking order files. For the week ending August 5, the price of benchmark […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  9. Vancouver-area housing starts and sales continue to cool

    Metro Vancouver housing starts down 28 per cent in July Frank O’BrienWestern Investor Sharp drop from a month earlier is in step with a downturn in housing sales  Bucking a national trend, Metro Vancouver July housing starts fell 28 per cent compared to a month earlier, according to the latest data from Canada Mortgage and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2022
    Real Estate Related

  10. Canada’s annual pace of housing starts up 1.1% in July

    CMHC reveals latest pace of housing starts Fergal McAlindenother Find out how residential construction fared across Canada in July Canada’s annual pace of housing starts ticked upwards in July and posted a 1.1% increase over the previous month, the country’s national housing agency has revealed. The seasonally adjusted annual rate of July housing starts was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2022
    Real Estate Related

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