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  1. Canada’s housing market since 2001 as affordability challenges continue to weigh on homebuying activity

    2023 to see weakest home sales levels for 22 years: TD Fergal McAlindenCMP “Even if activity does bottom in the next few months, sales levels should remain depressed”This year will likely see the weakest sales year for Canada’s housing market since 2001 as affordability challenges continue to weigh on homebuying activity, according to a new […]

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

  2. Vancouver Island sees 10% to 20% increase in property valuations, according to B.C. Assessment

    Strong demand continues for industrial space on Vancouver Island Andrew DuffyWestern Investor ‘We’ve seen a strong road to recovery for industrial and commercial properties across the Vancouver Island region’ says Jodie MacLennan, deputy assessor.A new 110,000-square-foot Langford industrial complex with 32 strata units sold for $37 million in April 2022 before it was even finished. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2023
    Real Estate Related

  3. The strong headline readings raises the probability of another 25bp hike at the Jan. meeting

    How will the labour market likely influence BoC rate moves? Ephraim VecinaCMP Industry observers weigh in on the dynamics between employment and interest rates Canada’s stronger labour market performance in December might increase the odds of the central bank hiking interest rates yet again in its next meeting on January 25, according to a new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2023
    Real Estate Related

  4. Canadian mortgage industry’s most prestigious awards ceremony is returning for 2023

    Canadian Mortgage Awards: Nominations close on Friday Fergal McAlindenCMP Make sure to get your nominations in ahead of the January 13 deadlineThe Canadian mortgage industry’s most prestigious awards ceremony is returning for 2023 – and the deadline to submit nominations arrives in just a few days.The nomination window for the Canadian Mortgage Awards (CMAs) is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2023
    Real Estate Related

  5. Canada’s biggest challenge going forward won’t be job losses in the oilpatch | Jonathan Wilkinson

    Natural resources minister defends plan to transition to green economy Sheena Goodyear CMP Natural Resources Minister Jonathan Wilkinson has announced new legislation will be coming this year to help transition oil and gas workers into green jobs. (Mike Sudoma/The Canadian Press) As It Happens6:50Natural resources minister defends plan to transition to green economy Canada’s biggest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-01-2023
    Real Estate Related

  6. Canadian economy adds 104,000 jobs in Dec, unemployment rate falls to 5.0%

    Canadian economy sees December jobs surge Fergal McAlindenCMP The unemployment rate ticked downwards for the third time in four monthsCanada’s economy saw 104,000 jobs added in December and a slight fall in the unemployment rate to 5.0%, according to new figures from the country’s national statistics agency.An increase in full-time work helped drive that trend, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-01-2023
    Real Estate Related

  7. Calgary’s real estate activity and prices have grown compared to pre-pandemic levels

    Calgary Finishes 2022 Strong with Price and Sales Growth: CREB Abbey ColeZOOCASA Despite an annual downward trend from peaks seen earlier in the year, December’s benchmark price of $518,800 is 8% higher than last year, and overall, prices are still over 12% higher than they were a year ago. However, the Calgary Real Estate Board […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-01-2023
    Real Estate Related

  8. Bank of Canada began to raise interest rates in March whether prices continue to fall in 2023

    The question after a tough 2022: How much further do real estate prices have to fall? Shantae CampbellThe Vancouver Sun

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-01-2023
    Real Estate Related

  9. 30,000 sqft industrial in Edmonton sells for $15 Million

    Edmonton Aurora Polaris cannabis facility sold for $15 million Western Investor StaffWestern Investor Built for $50 million four years ago, the 30,000-square-foot grow-op and distribution centre was closed and sold in an off-market deal Aurora Cannabis, Edmonton, for Western Investor   Property type: Industrial Location: 4818 31 St E, Edmonton International Airport, Leduc County, Alberta […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-01-2023
    Real Estate Related

  10. BC’s increase supply in 2023 to meet housing and immigration targets

    Delivering new Metro Vancouver rentals now next to impossible Claire WilsonWestern Investor Changes will be needed in 2023 to accommodate high costs, interest rates and competitive government programs to meet immigration and housing targets, builders say As British Columbia looks to increase supply in 2023 to meet housing and immigration targets, there are industry concerns […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-01-2023
    Real Estate Related

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