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  1. Higher building costs and supply-chain issues continue to hamper investment and limit rental supply growth | CMHC

    Rental vacancies fall across Western Canada as demand rises Peter MithamWestern Investor Most market segments saw rents increase as demand outstripped new supply Strong tenant demand helped push down rental vacancies across Western Canada despite new construction, underscoring the strength of the sector. Calgary and Edmonton led Canada with the strongest growth in occupied units […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-01-2023
    Real Estate Related

  2. Metro Vancouver area drove rental demand in 2022 | CMHC

    Metro Vancouver’s rental vacancy rate drops as demand, prices soar: CMHC Claire WilsonWestern Investor The rate for purpose-built rentals in the region fell below one per cent last year, while the average asking rent for vacant units is 43 per cent higher than occupied ones Rents for vacant units in Metro Vancouver increased more sharply […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-01-2023
    Real Estate Related

  3. GTA new home sales started strongly in 2022 before easing in the second half of the year with annual sales sitting at a four-year low | Edward Jegg

    How was the Greater Toronto Area housing market’s performance in 2022? Ephraim VecinaCMP New report highlights market’s struggles Over the course of 2022, the Greater Toronto Area saw its lowest level of new home sales since 2018, according to Altus Group and the Building Industry and Land Development Association. The region saw a total of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-01-2023
    Real Estate Related

  4. Ministry of Housing making mandatory for developers and strata corporations to make minimum contingency reserve fund payments of 10% as of Nov. 2023

    B.C. government raising payments for strata contingency reserve funds CBC StaffCBC Radio The B.C. government is ushering in changes it says will help protect owners in strata developments at risk of higher insurance costs due to neglected maintenance needs. As of Nov. 1, 2023, the minimum amount that developers and strata corporations must contribute to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-01-2023
    Real Estate Related

  5. B.C. had record spending on exploration in 2022

    B.C. saw a record $740M spent on mineral exploration in 2022 Nelson BennettWestern Investor Mineral production in B.C. totalled $18 billion last year, also a new record Teck Resources’ Highland Valley Copper mine near Logan Lake, about 50 minutes southwest of Kamloops, is the largest copper mine in Canada.KTW British Columbia had record spending on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-01-2023
    Real Estate Related

  6. B.C. had record spending on exploration in 2022

    B.C. saw a record $740M spent on mineral exploration in 2022 Nelson BennettWestern Investor Mineral production in B.C. totalled $18 billion last year, also a new record Teck Resources’ Highland Valley Copper mine near Logan Lake, about 50 minutes southwest of Kamloops, is the largest copper mine in Canada.KTW British Columbia had record spending on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-01-2023
    Real Estate Related

  7. Vancouver property owners can now start make their EHT property status declarations for the 2022 tax year

    Vancouver Empty Homes Tax 2022 declarations open REBGV StaffREBGV At a glance: (2 minute read) Vancouver property owners can now make their Empty Homes Tax status declaration. All owners need to make the declaration, even if they live in the home. Declarations are due by Feb 2, 2023. Vancouver property owners can now start making their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-01-2023
    Real Estate Related

  8. Fed announces a joint investment $3M to support the development of new affordable housing in Toronto

    Toronto housing supply gets another boost from governments Ephraim VecinaCMP New housing complex to offer units for in-need Torontonians Federal and local governments have announced a joint investment of nearly $3 million to support the development of new affordable housing supply in Toronto. The custom-designed building, which is situated at 130 River Street, will be […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-01-2023
    Real Estate Related

  9. Housing market in 2022 generally outperformed expectations both in terms of sales and price growth | CREB

    How did the Calgary housing market defy national trends? Ephraim VecinaCMP Regional housing industry group highlights the market’s strengths In a stark reversal from the deceleration trends seen in most Canadian markets, the Calgary housing market registered elevated sales and double-digit price growth in 2022, according to new data from the region’s housing industry group. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-01-2023
    Real Estate Related

  10. Housing market in 2022 generally outperformed expectations both in terms of sales and price growth | CREB

    How did the Calgary housing market defy national trends? Ephraim VecinaCMP Regional housing industry group highlights the market’s strengths In a stark reversal from the deceleration trends seen in most Canadian markets, the Calgary housing market registered elevated sales and double-digit price growth in 2022, according to new data from the region’s housing industry group. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-01-2023
    Real Estate Related

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