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  1. Owners of Vancouver-area homes with a median value of $3.7 million pay income taxes of just $15,800

    Douglas Todd: Luxury homeowners in Metro Vancouver pay low income taxes, says UBC study Douglas Todd The Vancouver Sun Analysis: The owners of Greater Vancouver homes with a median value of $3.7 million pay income taxes of just $15,800 – which is exceedingly low for North American cities UBC’s Paul Boniface Akaabre, Craig Jones and […]

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

  2. Activity remains well below pre-pandemic levels in most markets

    RBC: Prolonged housing market deceleration in the offing Ephraim Vecinaother The central bank’s rate hikes served as significant headwinds to the market this fall All current signs are pointing to a “generally soft” market over the next few months, according to Robert Hogue of RBC Economics. The central bank’s recent substantial rate hikes have played […]

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

  3. 10 multi-family rental in Kerrisdale sells for $4.08 million

    Kerrisdale 10-unit multi-family rental sells for $4 million Colliiers Vancouver for Western InvestorWestern Investor Apartment building in the heart of Vancouver’s Kerrisdale sold unconditionally for $408,000 per suite at a 2.35 per cent capitalization rate. Property type: Multi-family rental Location: 5607 Yew Street, Vancouver Number of suites: 10 Sale price: $4.08 million Cap rate: 2.35 […]

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

  4. The impact of the constricted financial condition

    Affordability challenges show little sign of easing, says banking giant Ephraim Vecina other Pandemic savings will only partly mitigate the impact of reduced purchasing power, according to economist Borrowing costs across North America are not likely to fall any time soon, according to Sal Guatieri, senior economist and director at BMO Capital Markets. While the […]

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

  5. Boosting housing development in the province’s far-flung areas

    Feds, NB government to fund affordable housing development organization Ephraim Vecinaother Housing market challenges are especially pronounced in the province’s rural areas, officials say The federal government and New Brunswick authorities have announced that they are jointly funding an organization focused on boosting housing development in the province’s far-flung areas. The non-profit organization, which will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-11-2022
    Real Estate Related

  6. Most signs can be seen in the current debt-to-disposable-income ratios of both economies

    Burst housing bubble would be ‘significantly worse’ in Canada than US: economist Ephraim Vecinaother Canadian market ‘extremely exposed’ on a relative basis Based on current trends, a housing bubble burst would be significantly worse in Canada than in the United States, said David Rosenberg, president and chief economist of Rosenberg Research. The most prominent danger […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-11-2022
    Real Estate Related

  7. Canada’s mortgage market surged at the onset of the COVID-19 pandemic

    Where are brokers focusing their attention as purchase market cools? Fergal McAlindenother More brokers getting training and coaching on mortgage creditor insurance, says executive  As Canada’s mortgage market surged at the onset of the COVID-19 pandemic, brokers and agents found themselves dealing with unprecedented volume and purchase activity – meaning they were required to place […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-11-2022
    Real Estate Related

  8. 24,209 sqft. office retail in Parksville sells for $4.5 million

    Parksville 24,209-sq.-ft medical centre sells for $4.5 million William Wright CommercialWestern Investor The Vancouver Island office-retail complex includes two buildings, 10 tenants including Shopper’s Drug Mart and professionals, and a 65-stall parking lot in downtown Parksville. Property type: Office-retail Location: 154 Memorial Avenue, Parksville, B.C. Number of tenants: 10 Number of buildings: 2 Property size: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-11-2022
    Real Estate Related

  9. REBGV reports that October residential home sales were down to 45.5 percent

    Metro home sales, prices in a six-month downward spiral Western Investor staffWestern Investor October transactions down 45.5 per cent from a year earlier as Greater Vancouver housing prices continue to slip lower month-to-month  Benchmark home price has fallen 9.2 per cent in six months. | Western Investor A month-over-month sales rally in Greater Vancouver’s housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-11-2022
    Real Estate Related

  10. 0.45 acres mixed used commercial in Kelowna sells for $2.60 million

    Kelowna 12,052-sq.ft. of commercial-industrial sells for $2.6 million William Wright CommercialWestern Investor Mixed-use office, retail and industrial building is fully tenanted with five units on an industrial-zoned 0.45-acre site Property type: Mixed-use commercial Location: 2333 Hunter Road, Kelowna, B.C. Number of units: 5 Property size: 12,052 square feet Land size: 0.45 acres Zoning: Industrial List […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-10-2022
    Real Estate Related

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