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  1. Canada’s annual inflation rate slow to 7.6% in July 2022

    Canada’s inflation rate slows in July Fergal McAlindenother Is the country finally starting to turn the corner on price growth? Year-over-year inflation in Canada recorded its first decline since June 2020 last month, with the national statistics agency revealing that the annual inflation rate was 7.6% in July. That also represented the smallest monthly increase […]

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

  2. Canadian MLS systems dropped by 5.3% between June and July

    Canada home sales feel impact of rate hikes Ephraim Vecina other Sales numbers declined in three-quarters of all local markets last month, CREA says  Canada’s home sales decelerated for the fifth straight month in July amid the central bank’s sharp interest rate hikes, according to the Canadian Real Estate Association (CREA). The total number of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-08-2022
    Real Estate Related

  3. Canadian home sales drop for fifth consecutive month

    Canadian home sales fall for fifth month in a row, down 29% from last July: CREA Canadian PressThe Vancouver Sun The association says sales in July fell 5.3 per cent compared with June. The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-08-2022
    Real Estate Related

  4. Canada house prices could a 25% drop be coming?

    Canadian home prices set to drop by almost 25% by end of 2023 Ephraim Vecinaother

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-08-2022
    Real Estate Related

  5. Canadians are slowly but surely making their return to downtown cores

    Canadians are slowly but steadily returning to the city Fergal McAlindenother Foot traffic across six major urban centres since April 2022 continues to tick upwards  Things have never been quite the same in Canadian city centres since the outbreak of the COVID-19 pandemic in 2020, with widespread office closures, work-from-home orders and public health restrictions […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-08-2022
    Real Estate Related

  6. Residential building construction price index rose by 5.3% in Q2 2022

    Residential construction financing: Broker on the challenges Fergal McAlindenother The sector has been impacted by rate increases – but some builders may see potential  Rate increases throughout the year to date have impacted most sectors of Canada’s mortgage market – and the residential construction financing space is no different, according to a broker who deals […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-08-2022
    Real Estate Related

  7. 17.6 acres land in McCarthy Road sells for $3.4 million

    Lake Country 17.6-acre greenhouse operation sells for $3.4 million MLC Real Estate GroupWestern Investor Agricultural land has 42 greenhouses on flat acreage on Kelowna city boundary. Property type: Land Location: 9719 McCarthy Road, Lake Country, B.C. Size of land:766,656 square feet Size of land in acres: 17.6 acres Zoning: A1 BC Assessment value: $3.59 million […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-08-2022
    Real Estate Related

  8. Off market with long-term tenant in place, retail sells for $2.65 million

    Nanaimo single-tenant retail on NNN lease sells for $2.65 million Marcus & MilllichapWestern Investor Kal-Tire outlet is on Island Highway and on a long-term triple-net corporate lease. Property type: Retail Location: 6590 Island Highway N., Nanaimo, B.C. Type of deal: Off-market with long-term tenant in place. Price: $2.65 million Brokerage: Marcus & Milllichap, Vancouver. Brokers: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-08-2022
    Real Estate Related

  9. 4,151 square feet retail in Yale Road sells for $1.35 million

    Chilliwack 4,152-square-foot retail site sells for $1.35 million HomeLife Advantage Realty Ltd.Western Investor Downtown restaurant has OCP potential for up-zoning to include high-density housing. Property type: Retail Location: 46090 Yale Road, Chilliwack, B.C. Number of units: 1 (restaurant) Size of property:3,762 square feet Size of land: 4,151 square feet Size of land in acres: 0.1 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-08-2022
    Real Estate Related

  10. Metro Vancouver purchase 97 hectares of land for a new regional park on Bowen Island

    Metro Vancouver plans new $40-million park with camping on Bowen Island Tiffany CrawfordThe Vancouver Sun The preliminary concept for the park includes day-use picnic areas, trails with ‘impressive viewpoints,’ access to the beach, and a supervised overnight camping area.Metro Vancouver is buying 97 hectares of land for a new regional park on Bowen Island jpgMetro […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-08-2022
    Real Estate Related

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