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  1. Vancouver elects first Chinese-Canadian mayor

    Sim elected new mayor of Vancouver in a landslide vote Frank O’BrienWestern Investor Ken Sim, a novice politician, is the first Chinese-Canadian elected as mayor of Vancouver. Ken Sim thanks supporters in his election victory speech Oct. 15 in Vancouver. | CTV screen shot Ken Sim was elected the new mayor of Vancouver in a […]

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

  2. CMHC predict housing prices continue to drop in 2023

    CMHC makes huge house price drop prediction Tara Deschampsother However, the fall will do little to improve affordability Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability. Patrick Perrier, the housing agency’s deputy chief economist, said in a report Thursday that […]

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

  3. Home sales fell by 3.9% in September compared to the previous month | CREA

    Canada home prices fall again Fergal McAlindenother   September marked the seventh successive month of declining prices Canadian home prices were down again in September, marking a seventh consecutive month of decline as they dropped nearly 9% below their March peak. New data from the Canadian Real Estate Association (CREA) showed that the benchmark price […]

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

  4. Home sales fell by 3.9% in September compared to the previous month | CREA

    Canada home prices fall again Fergal McAlindenother

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

  5. B.C.’s lost 58% of paper production capacity and 13% of pulp mill capacity | David Elstone

    B.C.’s once-mighty pulp and paper industry faces ruin Nelson BennettWestern Investor Government, industry have 90 days to turn around an industry worth $3.9 billion to provincial economy, experts warn The Powell River mill, once the largest in B.C., shut down December 2021 and two other pulp and paper mills have closed since. | Paper Excellence […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2022
    Real Estate Related

  6. 673 acres of farmland in Saskatchewan sells for $1.911 Million

    Saskatchewan 673 acres sells for $1.91 million Western Investor StaffWestern Investor The farmland, made up of four contiguous properties in RM of Edenwold, sold for $311,00 over its list price. C&C Realty, Regina Beach, Saskatchewan, for Western Investor   Property type: Farmland Location: Section 34-20-17 W2 in the Rural Municipality of Edenwold, Saskatchewan. Sale price: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2022
    Real Estate Related

  7. Development land sells for $4.4M located at 14238 Highway 10, Surrey, B.C.

    Surrey 1.76-acre site on Highway 10 fetches $4.4 million Western Investor StaffWestern Investor Eyed for residential development, the site is close to amenities in the Panorama area as well as Highway 91 and 99. Frontline Real Estate Services, Surrey, B.C., for Western Investor   Property type: Development land (residential) Location: 14238 Highway 10, Surrey, B.C. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2022
    Real Estate Related

  8. 29 storeys propose for the site of the former Mountain Equipment Co-op flagship store at 130 West Broadway in Vancouver

    Rezoning application prepped for key Broadway site Peter MithamThe Vancouver Sun Two rental towers are proposed for the site of MEC’s former flagship store at 130 West Broadway in Vancouver under a rezoning application set for submission in November.Colliers International Two rental towers of up to 29 storeys will be proposed for the site of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2022
    Real Estate Related

  9. Toronto housing market is currently the biggest real estate bubble worldwide

    This Canadian market is the worlds biggest housing bubble… Ephraim Vecinaother Interest rate increases and economic volatility are amplifying the risk of home price crashes The Toronto housing market is currently the biggest real estate bubble worldwide, according to a recent UBS Group AG study.The analysis, which looked at urban markets that face the greatest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2022
    Real Estate Related

  10. Canada’s most populous provinces are likely to fall well short of affordable housing targets for 2030

    How can Canada solve its housing supply problem? Fergal McAlindenother Possible solutions are varied – but difficult The news that Canada’s most populous provinces are likely to fall well short of affordable housing targets for 2030 came as little surprise to anyone who’s been following the country’s supply crisis in recent years – but finding […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-10-2022
    Real Estate Related

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