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  1. Canada home prices already fallen roughly 15% from 2022 peak and are forecast to drop 12% this year

    Canadian home prices expected to drop 12% Milounee Purohitother `It’s a necessary correction to restore affordability’ Average home prices have already fallen roughly 15 per cent from an early 2022 peak. The drop in home prices in Canada this year will be steeper than forecast three months ago but mild compared with a historic run-up […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-03-2023
    Real Estate Related

  2. 3.3 acres industrial land in Kelowna sells for $7.3 Million

    Kelowna 3.3 acres of industrial sold as a sale-leaseback Western Investor StaffWestern Investor Seller sold the land for $7.3 million and will continue to operate business as the new owner prepares redevelopment. William Wright Commercial, Vancouver, for Western Investor   Property type: Industrial Location: 9340 & 9360 Balser Court, Kelowna. B.C. Land size: 145,055 square […]

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

  3. BoC will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024

    Bank of Canada to hold rates steady in 2023, budget watchdog says Ismail ShakilThe Vancouver Sun The central bank has raised rates at a record pace over the past year to tame inflation that hit a four-decade high of 8.1% in June. Governor of the Bank of Canada Tiff Macklem walks outside the Bank of […]

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

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