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  1. 1.03 acres townhouse development sells for $3.2 Million located at Coquitlam, B.C.

    Coquitlam, B.C., one-acre townhouse site sells for $3.2 million Western Investor StaffWestern Investor The Burke Mountain land has a pre-application for residential development in the Smiling Creek neighbourhood plan. Frontline Real Estate Services, Langley, B.C., for Western Investor   Property type: Land for development Location: 1511 Coast Meridian, Coquitlam, B.C. Land size: 1.03 acres Designation: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-01-2023
    Real Estate Related

  2. Pent-up demand for travel is fuelling hoteliers growth plans despite ongoing fears of a recession in 2023

    Vancouver hoteliers pursue growth despite recession fears Peter MithamWestern Investor Strong leisure demand drives expansion plans across North America ancouver-based Coast Hotels added five properties to its portfolio in 2022, including the Coast Calgary Downtown Hotel & Suites by APA. It’s now looking Stateside for growth opportunities.Coast Hotels Ltd. Pent-up demand for travel is fuelling […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-01-2023
    Real Estate Related

  3. Pent-up demand for travel is fuelling hoteliers growth plans despite ongoing fears of a recession in 2023

    Vancouver hoteliers pursue growth despite recession fears Peter MithamWestern Investor Strong leisure demand drives expansion plans across North America ancouver-based Coast Hotels added five properties to its portfolio in 2022, including the Coast Calgary Downtown Hotel & Suites by APA. It’s now looking Stateside for growth opportunities.Coast Hotels Ltd. Pent-up demand for travel is fuelling […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-01-2023
    Real Estate Related

  4. Metro Vancouver on track for strong but not record-breaking performance in 2022

    Greater Vancouver investment deals stalled in third quarter Peter MithamWestern Investor Metro Vancouver deals slow but stabilizing interest rates offer hope Wesgroup’s $152.8 million purchase in September of the Coronation Park site in Port Moody was among the biggest investment deals of the third quarter. A range of macroeconomic factors led by rising interest rates […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-01-2023
    Real Estate Related

  5. BoC’s increase the policy rate at seven of the eight interest rate announcement dates in 2022 | Andrew Lis

    Vancouver market takes ‘wait and see’ approach as Dec. sales fall 52% from year ago The Canadian PressThe Vancouver Sun The board attributed the decreases to the market experiencing “a year of caution” caused by rising borrowing costs and inflation. Homes are pictured in Vancouver, Tuesday, Apr 16, 2019. Photo by JONATHAN HAYWARD /THE CANADIAN […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-01-2023
    Real Estate Related

  6. Canada added more than 431,000 new permanent residents in 2022

    How many new immigrants came into Canada last year? Ephraim VecinaCMP Feds reveal the volume of new arrivals into Canada Canada added more than 431,000 new permanent residents last year, marking its largest ever annual increase and exceeding the 2022 immigration target established by Prime Minister Justin Trudeau. Immigration, Refugees and Citizenship Canada reported that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-01-2023
    Real Estate Related

  7. Housing sales in B.C. in 2022 down 50% compared to a year earlier | BCREA

    Cooling off period comes to coldest housing market in years Frank O’BrienWestern Investor Effective January 3 ,2023, a B.C. homebuyer has three business day to cancel a sales agreement   Amid B.C.’s coldest housing market in years, where it now takes weeks for the average home to sell, the province has brought in a cooling-off […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-01-2023
    Real Estate Related

  8. Despite the sharp drop in sales, benchmark prices remained stable in December | REBGV

    Vancouver homebuyers prove willing, but listings are weak Frank O’BrienWestern Investor Housing sales accounted for more than 100 per cent of new listings added in Greater Vancouver during December Benchmark condo apartment prices ended 2022 up 1.7 per cent from the same time a year earlier, at $713,700. | Chung Chow Greater Vancouver’s housing market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-01-2023
    Real Estate Related

  9. Demand and home prices hit new highs, before abruptly turning in the opposite direction in response to higher mortgage interest rates

    Here Are the U.S. Cities Where Home Prices Rose and Fell the Most in 2022 Evan Wylogeother By any definition, 2022 was one wild, white-knuckle roller coaster of a year for real estate. Demand and home prices hit new highs, before abruptly turning in the opposite direction in response to higher mortgage interest rates. With […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-01-2023
    Real Estate Related

  10. HELOC load just one sign of the “extreme level” of indebtedness that currently characterizes the Canadian financial system | David Rosenberg

    How large is Canada’s current HELOC load? Ephraim VecinaCMP OSFI releases latest HELOC data The value of loans secured by housing in Canada continued to go up with a 0.1% monthly uptick and a 9.6% increase to reach $308.9 billion in October, according to filings at the Office of the Superintendent of Financial Institutions. However, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-01-2023
    Real Estate Related

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