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  1. 4,176 square feet multi-family rental in North Vancouver sells for $2.56 Million

    North Vancouver four-unit multi-family sells for $2.5 million Western Investor StaffWestern Investor Small townhouse rental complex near central Lonsdale Avenue has development potential under OCP approval for higher density Colliers, Vancouver, for Western Investor   Property type: Multi-family rental Location: 131-137 West 23rd Avenue, North Vancouver Number of units: 4 Size of property: 4,176 square […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2022
    Real Estate Related

  2. Vancouver’s luxury real estate market seeing balanced conditions after an era of “pandemic over-exuberance”

    Vancouver’s luxury real estate market returns to balanced conditions Claire WilsonWestern Investor After two years of ‘over-exuberance,’ the luxury market is seeing a slow down that represents a return back to normalAccording to Sotheby’s, Vancouver’s luxury home market is experiencing balanced conditions this fall.Photo by priceypads.com.Vancouver’s luxury real estate market is seeing balanced conditions after […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2022
    Real Estate Related

  3. Canada’s metropolitan areas decline 5% in housing starts in the first half of 2022

    Home building slumps as construction costs soar up to 30%, says CMHC Shantae CampbellThe Vancouver Sun Rising costs threaten to make housing affordability even worse A big part of the decline in home construction was apartment starts which fell nine per cent in the first half of the year. Photo by Tyler Anderson/National PostCanada’s metropolitan […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-10-2022
    Real Estate Related

  4. An “astonishing” increase in investment transactions in the first half of 2022 had broad underpinnings in Q2

    Broad-based activity spurs Calgary investment sales higher in Q2 Peter MithamWestern Investor   Multifamily deals underscored strength outside the office sector Concert Properties Ltd. acquired 111 Lowes Road in Balzac, Alta., from Highfields Investment Group in April 2022 for $133.8 million.Concert Properties An “astonishing” increase in investment transactions in the first half of 2022 had […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-10-2022
    Real Estate Related

  5. Scotiabank is now expecting growth to slow from 3.2% in 2022 to 0.6% in 2023

    Scotiabank: Canada to see “technical recession” in 2023 Ephraim Vecinaother This will particularly affect the Bank of Canada’s rate-hike trajectory, Scotiabank says A potent combination of internal and external factors is likely to trigger a “technical recession” in Canada next year, according to Jean-François Perrault, senior vice president and chief economist at Scotiabank. “Lower commodity […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-10-2022
    Real Estate Related

  6. Canada annual inflation rate slows to 6.9% in September

    Canada’s inflation rate falls again Fergal McAlindenother September’s yearly price growth was still stronger than economists had expected Canada’s annual rate of inflation was 6.9% in September, marking a third consecutive monthly decline but still coming in higher than most economists had anticipated. The figure, reported by Statistics Canada on Wednesday, saw the consumer price […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-10-2022
    Real Estate Related

  7. Canadas’ annual rate of housing starts surges 11% in September

    Pace of housing starts surges 11% amid concerns of supply shortage Shantae CampbellThe Vancouver Sun Hits highest monthly level in almost a year Canada’s annual rate of housing starts jumped 11 per cent in September. Photo by Michelle Berg/PostmediaCanada’s annual rate of housing starts jumped 11 per cent to 299,589 units in September from 267,443 in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2022
    Real Estate Related

  8. Two-building purchase worth $91 million in the second quarter of 2022

    Edmonton investment sales rebound in first half of 2022 Peter MithamWestern Investor Slower times ahead but steady economy draws in buyers Nexus REIT acquired 11250 189th Street NW, Edmonton, home to MTE Logistix, as part of a two-building purchase worth $91 million in the second quarter of 2022.MTE Logistix Strong demand for industrial assets gave […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2022
    Real Estate Related

  9. Canada’s houses crisis on a shortage of homes

    Is there a shortage of homes in Canada? Jonathan RussellWestern Investor Factors that are affecting Canada’s housing crisisWhile it has been common to blame Canada’s houses crisis on a shortage of homes, there are reasons to believe that is not the case. One thing that is certain is there is a lack of affordable housing. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-10-2022
    Real Estate Related

  10. Development land in Surrey sells for $6.5 Million

    Less than acre of Surrey multi-family land sells for $6.5 million Western Investor StaffWestern Investor The 0.97-acre parcels is in the Fleetwood area, close to the planned 152 Street SkyTrain station. Frontline Real Estate Services, Surrey, B.C., for Western Investor   Property type: Development land Location: 15316 88 Avenue, Surrey Zoning: Designated residential multifamily Sale […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-10-2022
    Real Estate Related

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