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  1. Canadian home prices fell by the most on record in 2022

    Canada Home Prices See Record Drop as High Rates Hit Buyers Ari AltstedterFinancial Post Canadian home prices fell by the most on record in 2022, as rapidly rising interest rates forced a market adjustment that may have further to go. A “Sold” sign in front of a home in the York neighborhood of Toronto, Ontario, […]

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

  2. Metro Vancouver’s industrial vacancy rate ended 2022 unchanged at 0.2%, despite record volumes of new construction

    Metro Vancouver industrial market remains tight as 2023 begins Peter MithamWestern Investor No relief in sight as most space spoken for months ahead of completion Metro Vancouver industrial lease rates broke $20 per square foot over the past year while vacancies cruised historic lows.Colliers International Metro Vancouver’s industrial vacancy rate ended 2022 unchanged at 0.2 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-01-2023
    Real Estate Related

  3. Canadian home prices decline since the the global financial crisis in 2022

    ‘The declines already happened’: Why Royal LePage thinks home prices will flatten out in 2023 Denise PaglinawanFinancial Post Canadians can expect to see progressively slower price declines as the year goes on A ‘for sale’ sign is displayed outside a home in Toronto. Photo by Carlos Osorio/Reuters files Canadian home prices posted their first year-over-year […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-01-2023
    Real Estate Related

  4. David Eby predict the fund will protect “thousands” of renters from gouging and worse

    Vaughn Palmer: Premier David Eby’s housing announcement a rush job that leaves many questions Vaughn PalmerThe Vancouver Sun Opinion: Even government seems unable to say how many units could be acquired under $500M plan that has an overly ambitious timeline Premier David Eby on the balcony of a suite at the 115 Place Housing Co-operative […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2023
    Real Estate Related

  5. 0.375 acres office building in Vancouver sells for $63 Million

    Robson Street 0.37-acre development site sold for $63 million Western Investor StaffWestern Investor Destined for higher-density redevelopment, the Robson Professional Building site in Vancouver sold for more than $12 million over assessed value. Fraser Elliott, Vancouver, for Western Investor   Property: Office building Location: 1525 Robson Street, Vancouver Size of property: 27,485 square feet Land […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2023
    Real Estate Related

  6. CIBC appoints new head of Canadian banking

    Banking giant reveals new Canada chief Fergal McAlindenCMP The executive has been tapped to replace a company veteran Canadian Imperial Bank of Canada (CIBC) has announced the appointment of Jon Hountalas as its new head of Canadian banking, replacing 14-year company veteran Laura Dottori-Attanasio.The management change will see Hountalas, who already runs CIBC’s commercial banking […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2023
    Real Estate Related

  7. Greystone Housing Impact Investors announces close the sale of two multifamily properties in Omaha, Nebr

    Greystone sells two multifamily properties in Omaha Candyd MendozaCMP Investment firm sees significant gains from the transaction Greystone Housing Impact Investors, formerly America First Multifamily Investors, has announced closing the sale of two multifamily properties located in Omaha, Nebr. The company has sold two 294-unit market rate properties – Vantage at Stone Creek and Vantage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2023
    Real Estate Related

  8. 3.08 acres commercial site sells for $24 Million located at Langley, B.C.

    Three+ acres on Langley Bypass goes for $24 million Western Investor StaffWestern Investor Sale price was $1.35 million over list for commercial site with tenant in place and quick access to Trans-Canada Highway. Schreder Brothers Group – Royal LePage Wolstencroft, Langley, B.C., for Western Investor   Property type: Land Location: 20467 Langley Bypass, Langley, B.C. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-01-2023
    Real Estate Related

  9. Smith first offer to buy Home Capital Group Inc. for CA$44, but the lender’s board asked for CA$47 a share instead

    Billionaire haggled Home Capital price down as rates rose – report Ari AltstedterCMP He may have saved hundreds of millions… For prospective Canadian homebuyers, last year’s housing slump knocked about $72,000 off the price of a typical home. For billionaire Stephen Smith, who bought one of the country’s biggest alternative home lenders, it may have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2023
    Real Estate Related

  10. Vancouver’s Dec. home sales down 19.8% month-over-month | REBGV

    Sales in Metro Vancouver Slashed in Half Compared to December 2021: REBGV Daniel CrookZOOCASA In the final month of 2022, Vancouver suffered the effects of the winter market that have been seen widely across Canada – a cooldown in sales numbers. There were 1,295 sales in the Greater Vancouver area in December, down 19.8% month-over-month, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2023
    Real Estate Related

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