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  1. 391,000 sqft office building in Calgary sells for $17.25 Million

    Calgary Herald building sold for $17.25 million Western Investor StaffWestern Investor The 391,000-square-foot building was bought by U-Haul Canada, which also purchased the Calgary Sun building in 2020. zIt will be used as a storage facility and truck rentals. Cresa, Calgary, for Western Investor   Property type: Office building Location: 215, 16 Street S.W., Calgary […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2023
    Real Estate Related

  2. 3.41 acres land assembly sells for $24.42 Million located at Langley, B.C.

    22-lot Langley land assembly sells for $24.4 million Western Investor StaffWestern Investor The single-family lot assembly totals 3.4 acres and sold in late 2021 for higher-density multi-family rental development Re/Max Little Oak Realty, Surrey, B.C., for Western Investor   Property type: Land assembly Location:  5300 53 Avenue and 53A Avenue and 200 and 200A Street […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2023
    Real Estate Related

  3. Sales, listings, and prices are expected to drop across all property types

    Edmonton real estate market predicted to slow down to pre-pandemic levels this year Katarina Szulc CBC Radio Realtors Association of Edmonton chair Melanie Boles expects sales, listings, and prices to drop which she said would even out the market to 2019 and prior levels. (Sheryl Nadler/CBC) The Realtors Association of Edmonton is predicting the market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2023
    Real Estate Related

  4. Canada”s luxury real estate market cooled significantly last year, setting 2023 up for a buyer’s market across much of the country as prices come down

    Posthaste: Luxury real estate enters buyer’s market as prices come back down to reality Victoria WellsFinancial Post Prices easing as sellers adjust to new realities of market, Sotheby’s says Luxury real estate prices are expected to be lower in 2023. Photo by Tyler Anderson/National Post Canada’s luxury real estate market cooled significantly last year, setting […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2023
    Real Estate Related

  5. Rent is projected to rise by another 5% in 2023

    Average rent increased by 10.9% in 2022, report shows Shantae CampbellFinancial Post

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2023
    Real Estate Related

  6. Rent is projected to rise by another 5% in 2023

    Average rent increased by 10.9% in 2022, report shows Shantae CampbellFinancial Post Condo buildings in Liberty Village neighbourhood in Toronto. Photo by Carlos Osorio/Reuters files Canadians faced an average annual rent increase of 10.9 per cent in 2022, with another five per cent increase forecast for  2023, according to year end data from Urbanation and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2023
    Real Estate Related

  7. 1.5 acres land assembly in Vancouver sells for $100 Million

    Vancouver city block sold for $100 million in medical deal Western Investor StaffWestern Investor The Vancouver General Hospital (VGH) and the University of B.C Hospital Foundation closed on this full city block property across from VGH in March 2022. Courtesy: Colliers, for Western Investor (top land deals of 2022)   Property type: Land assembly (Windermere […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2023
    Real Estate Related

  8. Canada annual inflation rate falls to 6.3% in December

    Canada’s inflation rate slows in December Fergal McAlindenCMP Annual price growth cooled in the final month of 2022 The annual rate of inflation in Canada fell to 6.3% in December, according to the national statistics agency, with gas prices posting a notable monthly decline. Statistics Canada said in its latest consumer price index that Canadians […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-01-2023
    Real Estate Related

  9. 14 acres industrial land sells for $75 Million located at 12091 88th Avenue, Surrey, B.C.

    Surrey 14-acre industrial site sells for $75 million Western Investor StaffWestern Investor Once the site of a newspaper printing plant, the site was sold for land value and eventual development Re/Max Little Oak Realty, Surrey, B.C., for Western Investor   Property type: Industrial land Location: 12091 88th Avenue, Surrey, B.C. Land size: 14 acres Zoning: Light industrial […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-01-2023
    Real Estate Related

  10. Canadian home sales increase by 1.3% in December | CREA

    National home sales rise in December Fergal McAlindenREBGV

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-01-2023
    Real Estate Related

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