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  1. Canadian real estate prices are forecast to fall further, but pandemic-era gains won’t be wiped out

    Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ Daniel Wongother The outlook for Canadian real estate, and the economy in general, is looking a little less bright. Oxford Economics warned clients this week, that we’re already seeing the early stages of a recession. Higher rates to cool inflation […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-11-2022
    Real Estate Related

  2. Canadian sees their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis

    What’s plaguing Canadians? Fergal McAlindenCMP New survey sheds lightCanadians are seeing their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis, report saysAs mortgage rates continue to rise and Canada’s cost-of-living crisis shows little sign of slowing, many borrowers have felt the pinch throughout this year – but a new survey has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-11-2022
    Real Estate Related

  3. Canadian sees their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis

    What’s plaguing Canadians? Fergal McAlindenCMP New survey sheds lightCanadians are seeing their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis, report saysAs mortgage rates continue to rise and Canada’s cost-of-living crisis shows little sign of slowing, many borrowers have felt the pinch throughout this year – but a new survey has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-11-2022
    Real Estate Related

  4. 0.87 acres multi-family rental in Kitsilano sells for $35.25 Million

    Kitsilano 74-unit rental building sells for $35.25 million Western Investor StaffWestern Investor The updated, well maintained 56-year multi-family property is close to Vancouver’s Kits Beach on a 0.87-acre lot. Goodman Commercial, Vancouver, for Western Investor   Property type: Multi-family rental Location: 2055 York Avenue, Vancouver Number of units: 74 Property size: 48,128 square feet (rentable) […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-11-2022
    Real Estate Related

  5. Canadians believe that a recession is looming just beyond the horizon

    How many Canadians are bracing for a recession? Ephraim VecinaCMP Recession fears are revealed More than half of Canadians are anticipating any such recession to last at least a year A significant share of Canadians now believe that a recession is looming just beyond the horizon, according to a bi-annual report released earlier this week […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-11-2022
    Real Estate Related

  6. Cap rates across office, industrial and retail properties inched up in the Q3 | CBRE

    Rising cap rates linked to strong cash flows, not weak demand Peter MithamWestern Investor Income-producing properties are providing a hedge against rising costs Cap rates on rising in B.C. but solid cash flows are so far supporting asset values.Chung Chow/Business in Vancouver Rising cap rates point to the importance of cash flows in the current […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-11-2022
    Real Estate Related

  7. Tech tenants are responsible for 81% of all subleases available on the market in downtown Vancouver

    Tech firms leasing office space in the suburbs Tyler OrtonWestern Investor Some tech companies are taking a cue from their work-from-home staff and switching downtown costs for the savings and flexibility on the edge of town Work-from-home is a stubborn trend that’s left downtown Vancouver in a “state of flux” after the pandemic rapidly shifted […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-11-2022
    Real Estate Related

  8. 3 retail units in Vancouver sells for $3.7 Million

    East Vancouver 5,100-square-foot retail site sells for $3.7 million Western Investor StaffWestern Investor The East Village parcel has three retail units, and the land offers development potential in an up-trending community. Corbel Commercial, Vancouver, for Western Investor   Property type: Retail development land Location: 2480 East Hastings Street, Vancouver Number of units: 3 Size of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-11-2022
    Real Estate Related

  9. 2 units of strata office in Cloverdale sells for $1.03 Million

    Cloverdale 1,498-square-foot strata office sells for $687 per square foot Western Investor StaffWestern Investor Sale price of $1.03 million nets fully renovated corner office strata in Pacific Business Park, Cloverdale area of Surrey, B.C. Frontline Real Estate Services, Langley, B.C., for Western Investor   Property type: Office strata Location: 201, 17660 65A Avenue, Cloverdale, Surrey, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-11-2022
    Real Estate Related

  10. Fed government’s ban on new foreign ownership of residential property becomes law on January 2023

    Federal foreign buyer ban coming in January 2023 REBGV StaffREBGV At a glance (3 minute read): The federal ban on foreign buyers is coming January 1, 2023. The period will last two years. The ban will only apply to residential property. The federal government’s ban on new foreign ownership of residential property becomes law on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-11-2022
    Real Estate Related

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