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  1. David Eby announces plan to amend the Strata Property Act, limiting restrictions on renting in stratas

    Rental restrictions could increase speculation, create more work for strata councils, homeowners say CBC StaffCBC Radio Some homeowners worry that if their stratas open up for rentals, landlords will be absent and strata council members will become ‘de facto’ landlords. (Maggie MacPherson/CBC) Homeowners in stratas fear proposed changes to laws around rental restrictions in strata […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-11-2022
    Real Estate Related

  2. David Eby’s introduce two pieces of legislation to boost housing supply

    B.C. premier’s action on housing applauded by some, called ‘modest’ by others Bhinder SajanCTV News Premier David Eby’s government introduced two pieces of legislation to boost housing supply Monday. While he claims the plan is bold, some say it’s modest and may come with unintended consequences that could make some homes even more expensive. On […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-11-2022
    Real Estate Related

  3. 1,630 square feet industrial strata in Port Coquitlam sells for $1.242 Million

    Port Coquitlam industrial strata sells for twice its assessed value Western Investor StaffWestern Investor The 1,630-square-foot unit attracted multiple offers and sold for $1.24 million on October 31, 2022   NAI Commercial, Vancouver, for Western Investor   Property type: Industrial Location: 1833 Coast Meridien Road, Port Coquitlam, B.C. Property size: 1,630 square feet Zoning: M-1 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-11-2022
    Real Estate Related

  4. Canadian home sales edge a bit higher from September to October

    Canadian housing sales ‘popped up’ in October: CREA Western Investor StaffWestern Investor Latest data from the Canadian Real Estate Association shows sales downturn may be ending early, though composite home price is down nearly 10 per cent from 2021 October sales were up 6 per cent month-over-month in Greater Vancouver to lead the national increase. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-11-2022
    Real Estate Related

  5. Canadian housing prices decline in 2022 since BoC began introducing interest rate hikes

    Ontario Cities Ranked: Most and Least Competitive Real Estate Markets in 2022 Daniel CrookZOOCASA Housing prices in Canada have steadily declined this year since the Bank of Canada began introducing interest rate hikes. The record price highs of last winter are long gone, and many markets in Ontario have experienced fluctuations in average prices, levels […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-11-2022
    Real Estate Related

  6. Canadian home sales increase 1.3% in October

    Canada home sales rise in October Fergal McAlindenCMP The news marks their first increase in eight months Home sales across Canada rose by 1.3% in October, the first time that they have increased on a monthly basis since February. The Canadian Real Estate Association (CREA) revealed on Tuesday that 60% of all local markets had […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-11-2022
    Real Estate Related

  7. B.C.’s residential real estate market, as sales slump, active listings plateau and average prices dip

    Cooling trend continues in B.C.’s residential real estate market Lisa SteacyCTV News High interest rates are continuing to have a cooling effect on B.C.’s residential real estate market, as sales slump, active listings plateau and average prices dip. The BC Real Estate Association’s October report shows a 45.5 per cent decline in the number of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-11-2022
    Real Estate Related

  8. Economists predict the pace of price growth will remain unchanged or even bump higher

    Why Canada’s inflation rate could go higher, not lower, in tomorrow’s data Stephanie HughesFinancial Post And what a higher number might mean for the Bank of Canada Inflation in Canada is expected to have been driven higher in October by a jump in gas prices and food prices. PHOTO BY ERNEST DOROSZUK/TORONTO SUN/POSTMEDIAThe path of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-11-2022
    Real Estate Related

  9. 0.6 acres multi-family rental in Victoria sells for $13 Million

    Victoria 43-unit apartment building sells for $13 million ask Western Investor StaffWestern Investor Starlight Acquisitions paid full list price for the multi-family property on a 0.6-acre site in the James Bay neighbourhood Colliers, Victoria, B.C., for Western Investor   Property type: Multi-family rental Location: 465 Niagara Street, Victoria, B.C. Number of units: 43 Size of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-11-2022
    Real Estate Related

  10. In Canada, recessionary periods can devalue property by 6.1% on average | OECD

    What does a recession mean for homebuyers? Jonathan RussellCMP A recession usually signals volatility in the housing market. While experts agree the current market is unlikely to lead to another Great Depression, it is likely to continue impacting home prices. For some, it will mean a loss; for others, it may even create an opportunity. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-11-2022
    Real Estate Related

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