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  1. Canada’s inflation rate fall 7% in August

    Canada’s inflation rate falls again Fergal McAlindenother Annual price growth has now declined for two consecutive months Canada’s annual inflation rate was down again in August, falling to 7% as gas prices posted a noted decline. Figures released by Statistics Canada on Tuesday showed that last month’s decrease in the inflation rate was even greater […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-09-2022
    Real Estate Related

  2. Credit unions and private lenders accounted 3.7% of Canada’s mortgage origination activity in 2021

    Whats’ behind the rise of credit unions in Canada? Fergal McAlindenother Loan originations by those lenders posted a noted increase this summerCredit unions and private lenders accounted for just 3.7% of Canada’s mortgage origination activity in 2021 – but the popularity of the former appears to be on the up.Those lender types saw their market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-09-2022
    Real Estate Related

  3. Home sales slip by 1% in August, marking the sixth consecutive month of decline

    Home sales plunge by 32% since March rate hikes Scotiabank Micah Guiaoother

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-09-2022
    Real Estate Related

  4. Home prices are correcting across the country, but the speed and depth varies | Robert Kavcic

    Which Canadian cities are seeing home prices fall the fastest? Micah Guiaoother “It’s abundantly clear where the worst spots are,” says BMO economist Real estate prices have been falling in almost every market, but Toronto is bearing most of the brunt as its surrounding cities and regions experience a correction like never before, according to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-09-2022
    Real Estate Related

  5. BoC’s historic fight against deflation during the COVID recession

    The Bank of Canada is losing money for the first time ever on rising rates Stephanie Hughesother Central bank anticipates losses for the next three years, depending on how its inflation fight goes  The Bank of Canada’s historic fight against deflation during the COVID recession, and now the startling inflationary surge that has come in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2022
    Real Estate Related

  6. National home sales fell only 1% month-over-month in August

    National Home Sales Hold Steady for First Time Since 2022 Peak: CREA Patti Cosgareaother  National home sales were down only 1% month-over-month in August, marking the smallest dip we’ve seen this year since the February peak. Annually, sales are down 24.7%, less than the 30% drop we saw in July. The Canadian Real Estate Association […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2022
    Real Estate Related

  7. Area’s housing inventory levels rose 3.2% compared with the 10-year average in 2022

    Housing supply crisis: Time for “alarm bells, s”ays RE/MAX president Fergal McAlindenother A long-standing issue in Canada’s housing market only appears to be getting worse  The time has come to “ring the alarm bell” on Canada’s lack of housing supply, with no end in sight to the inventory shortage that’s been a constant theme in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2022
    Real Estate Related

  8. Canadian housing starts down 3% in August over the previous month

    Canada housing starts drop in August Fergal McAlindenother A decline in multi-unit urban starts contributed to a slower month overall, said CMHC Canadian housing starts were down 3% in August over the previous month, a trend that was driven by a decline in multi-unit urban starts, according to Canada’s national housing agency. Canada Mortgage and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-09-2022
    Real Estate Related

  9. 0.22 acres retail site in Kelowna sells for $1.4 Million

    Kelowna 9,583-square-foot retail site sells $100,000 over list Western Investor StaffWestern Investor The free-standing downtown site on 0.22 acres with two rental units also sold for nearly $440,000 above its appraised value, at $1.4 million Re/Max Kelowna – MCL Real Estate Group, Kelowna, B.C., for Western Investor   Property type: Retail Location: 203-207 Rutland Road […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  10. Metro Vancouver office vacancies fall 7.8% during the period, down from 8.4% a year earlier

    Downtown office market stabilizing but tenants are staying nimble Peter MithamWestern Investor Flexible leases in demand as economic outlook calls for caution Downtown Vancouver office space is enjoying a stabilizing environment, says Avison Young.Chung ChowWhile the second half of 2022 has been beset by uncertainties driven by high inflation and rising interest rates, Avison Young’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

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