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  1. Sales activity remains slow across the province and inventories appear to be plateauing | BCREA

    B.C. real estate: Housing sales slump, but prices not declining in all markets Joanne Lee-YoungThe Vancouver Sun The steepest sales decline occurred in Chilliwack (61%), followed by the Fraser Valley, where sales dipped 54%. Greater Vancouver saw residential sales drop by nearly 46%.Home sales across B.C. slid 45 per cent in October compared to the […]

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

  2. Victoria’s labour force increased by 4.8 per cent to 225,600 between October

    Victoria construction boom underlines CRE strength Andrew DuffyWestern Investor With commercial properties flirting with the highest demand and prices in the country, developers and builders are scrambling to keep up Work continues on the mixed-use Brio development in Victoria, Nov. 4, 2022. The Victoria construction industry’s employment increased to 19,600 tradespeople in October from 12,700 […]

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

  3. Presale pricing on Pacific Ridge Business Centre begins at $460 a square foot

    Coquitlam industrial strata project bucks headwinds as buyers line up Peter MithamWestern Investor But strong demand for lease product prompts some developers to shift focus IntraUrban Eagle Ridge, a 149,000-square-foot strata industrial project on Barnet Hwy. in Coquitlam, has received letters of intent from potential purchasers months before a formal marketing campaign starts.PC Urban Properties […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2022
    Real Estate Related

  4. Edmonton real estate market has experienced a cooldown in sales volume this fall

    Edmonton Condo Prices On the Upswing As Demand Surges for More Affordability Peter MithamZOOCASA The Edmonton real estate market has experienced a cooldown in sales volume this fall after a relatively strong summer, driven by strong oil prices and greater affordability of homes. Prices of single-family, condo, and duplex/row homes experienced marginal changes month-over-month in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2022
    Real Estate Related

  5. Development of a four-storey housing complex offering 40 affordable rental homes at 571 Shaw Road

    $15m funding announced for more BC housing supply Ephraim Vecinaother A new affordable housing complex is set to arise in Gibsons, BC Federal and provincial governments have announced an investment of over $15 million to construct a new tranche of affordable rental homes in Gibsons, British Columbia. The funding, which will go towards the development […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2022
    Real Estate Related

  6. Development of a four-storey housing complex offering 40 affordable rental homes at 571 Shaw Road

    $15m funding announced for more BC housing supply Ephraim Vecinaother A new affordable housing complex is set to arise in Gibsons, BC Federal and provincial governments have announced an investment of over $15 million to construct a new tranche of affordable rental homes in Gibsons, British Columbia. The funding, which will go towards the development […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2022
    Real Estate Related

  7. Calgary region now has a tight industrial vacancy rate of 2.2 per cent

    Cadillac Fairview, Hopewell acquire 146-acre Calgary industrial park Western Investor StaffWestern Investor Joint venture eyes future development of 2.3 million square feet of industrial at the Rosemount Business Park in Balzac Cadillac Fairview (CF), of Toronto, has announced the purchase of the 146-acre Rosemont Business Park in Balzac, Alberta through a joint venture with Calgary-based Hopewell Development LP […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2022
    Real Estate Related

  8. Calgary region now has a tight industrial vacancy rate of 2.2 per cent

    Cadillac Fairview, Hopewell acquire 146-acre Calgary industrial park Western Investor StaffWestern Investor Joint venture eyes future development of 2.3 million square feet of industrial at the Rosemount Business Park in Balzac Cadillac Fairview (CF), of Toronto, has announced the purchase of the 146-acre Rosemont Business Park in Balzac, Alberta through a joint venture with Calgary-based Hopewell Development LP […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2022
    Real Estate Related

  9. Unprecedented sale and price increases since the pandemic began two years ago

    B.C. home sales to fall a further 11.4 per cent in 2023: BCREA Frank O’ BrienWestern Investor Real estate association forecast says record-setting market is “unwinding” British Columbia home sales will fall 34.4 per cent this year from the record-setting pace of 2021 and stumble down a further 11.4 per cent in 2023, according to the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2022
    Real Estate Related

  10. Hoteliers looking to build on the lessons of the past three years as a recession looms

    B.C. hotel operators hopeful after successful season Peter MithamWestern Investor Despite labour shortages, cost pressures and a still-slow conference trade, rising occupancies and revenues point to a “remarkable recovery “  Most B.C. hotel sales this year are in outlier markets, such as the Kanata Hotel & Conference Centre, Kelowna, which sold in June for what […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-11-2022
    Real Estate Related

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