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  1. Canada announces it will open a manufacturing facility near Calgary that will employ 1,600 workers

    Another 1,000 jobs coming to Calgary Frank O’BrienWestern Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2022
    Real Estate Related

  2. 9,927 sqft. Industrial site in Mission sells for $1.09 million

    Mission, B.C., 0.23-acre industrial site sells for $1 million CDW CommercialWestern Investor Site near the Fraser River has two industrial buildings, with residential rental potential on second floors. Property type: Industrial Location: 7034 Bridge Street, Mission, B.C. Land size: 9,927 square feet Land size in acres: 0.23 acres Buildings: 2 Building size: 5,224 square feet […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2022
    Real Estate Related

  3. Three of the five largest industrial developments underway in the Metro region

    Investors find commercial condos tough to cash flow Frank O’ Brien Western Investor High per-square-foot costs and interest rate hikes cool demand for Metro Vancouver industrial strata, despite soaring leases and near-zero vacancies  The 185,000-square-foot IntraUrban Crossroads, Surrey’s second-largest industrial strata space, was primarily bought by owner-users,| PC Urban Properties Real estate investor interest in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2022
    Real Estate Related

  4. Three of the five largest industrial developments underway in the Metro region

    Investors find commercial condos tough to cash flow Frank O’ Brien Western Investor High per-square-foot costs and interest rate hikes cool demand for Metro Vancouver industrial strata, despite soaring leases and near-zero vacancies  The 185,000-square-foot IntraUrban Crossroads, Surrey’s second-largest industrial strata space, was primarily bought by owner-users,| PC Urban Properties Real estate investor interest in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2022
    Real Estate Related

  5. Sales of prime waterfront continue despite realestate market situation

    High-end Okanagan shrugs off the real estate blues Frank O’ BrienWestern Investor Multimillion-dollar property and land sales continue across the Central and North Okanagan this autumn, despite economic angst Edmonton-based Westrich Pacific plans a luxury 1,000-home mixed development on a 13-acre waterfront site it bought in West Kelowna. | Westrich Pacific Sales of prime waterfront, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-10-2022
    Real Estate Related

  6. Central bank continue to aimed at cooling the economy and tamping down inflation

    Bank of Canada makes another big rate hike Fergal McAlindenother The move marks the latest “supersized” rate jump of 2022 The Bank of Canada has announced a further 50-basis-point hike to its benchmark rate, marking a sixth consecutive increase as the central bank continues its aggressive action aimed at cooling the economy and tamping down […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-10-2022
    Real Estate Related

  7. Economy continues to operate in excess demand and labour markets remain tight

    Bank of Canada rate jumps 50 basis points to 3.75 per cent Frank O’ Brien Western Investor The increase means about $150 more per month on a variable-rate $500,000 mortgage  Bank of Canada Governor Tiff Macklem hints at further rate hikes: “We are not there yet.” | Bank of Canada The Bank of Canada (BOC) […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-10-2022
    Real Estate Related

  8. Canada is still reeling from the economic impact of COVID-19

    Could rising interest rates crash Canadas housing market? Fergal McAlindenother Rates have surged throughout the year – and more increases are on the way It was a soundbite that appeared to pave the way for a prolonged Canadian housing market boom: Bank of Canada governor Tiff Macklem’s announcement in July 2020 that record-low interest rates […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-10-2022
    Real Estate Related

  9. Financial risk for contractors in a slowing market | BCCA

    B.C. construction contractors being squeezed by success Frank O’ BrienWestern Investor Despite high demand, soaring costs for labour and building materials – and slow payments – are threatening commercial contractors: BCCA  The value of commercial, industrial and institutional construction projects has increased 80 per cent in five years. | Chung Chow A new report from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-10-2022
    Real Estate Related

  10. 0.44 acres multi-family rental in White Rock sells for $8.5 Million

    White Rock, B.C., 31-unit multi-family rental trades at $8.5 million Western Investor StaffWestern Investor Built in 1976 on a 19,395-square-foot lot, the four-storey apartment building sold at $288,710 per door at a 3 per cent capitalization rate.   Goodman Commercial Inc., Vancouver, for Western Investor   Property type: Multi-family rental Location: 1558 Fir Street, White […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-10-2022
    Real Estate Related

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