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  1. 0.52 acres office building in Campbell BC sells for $1.96 million

    Single-tenant office building sells in Campbell River Royal LePage Nanaimo RealtyWestern Investor With a long-term B.C. government lease in place, the 7,440-square-foot property sold for $1.87 million. Property type: Office Location: 929 Ironwood Street, Campbell River, B.C. Size of property: 7,440 square feet Land size: 22,766 square feet Land size in acres: 0.52 acres Parking […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-08-2022
    Real Estate Related

  2. PM announces over $2B investment in affordable housing

    Trudeau announces major housing investment Ephraim Vecinaother The federal government will support the development of thousands of new affordable housing units nationwide Amid the persistent supply crunch in major Canadian urban markets, Prime Minister Justin Trudeau has announced a new $2 billion in investments towards the development of more affordable housing across the country. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-08-2022
    Real Estate Related

  3. 47% of Canadian businesses reported rising input costs as major roadblock to expand their respective workforces

    Labour market struggles weighing on purchasing power, says RBC Ephraim Vecinaother Fewer business owners are expecting an increase in profitability or employment count over the next three months While global supply chain pressures have already shown signs of easing, growth in purchasing power seems to be plateauing as more businesses are reporting challenges when it […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-08-2022
    Real Estate Related

  4. Volumes decrease for transactional homeowner and multi-unit products on an annual basis

    CMHC releases latest quarterly results Ephraim Vecina other The Crown corporation has been weathering the significant market shifts seen over the past few months Dramatic shifts in market conditions, most notably higher interest rates, had a significant impact on the Q2 results of Canada Mortgage and Housing Corporation. The quarter saw the Crown corporation’s unit […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-08-2022
    Real Estate Related

  5. Data from CREA is pointing the beginnings of downward trend

    Canada home prices – how far could they fall next year? Ephraim Vecinaother A new report by TD sheds light on the troubling signs becoming apparent in the market By the first quarter of 2023, the average home price across Canada could fall anywhere between 20% and 25% from its record high seen earlier this […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-08-2022
    Real Estate Related

  6. $2 billion housing plan will help to develop new homes across the country

    Canada to fund ‘rent-to-own program under $2-billion housing plan Ismail Shakil and Steve Schererother The funding would go toward creating some 17,000 new homes across the country  A condo building under construction in downtown Victoria, British Columbia. Photo by James MacDonald/Bloomberg files OTTAWA — Canada is moving ahead with a “rent-to-own” housing program, Prime Minister […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-08-2022
    Real Estate Related

  7. Canadian housing market is now close to entering “bear” territory, according to a leading bank economist

    Canada housing market what direction is it headed in? Fergal McAlindenother Storm clouds are brewing, but there’s some cause for optimism  It’s been on a pronounced cooldown for much of the year – and the Canadian housing market is now close to entering “bear” territory, according to a leading bank economist. Doug Porter, chief economist […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-08-2022
    Real Estate Related

  8. The number of home sales will fall 35% over the same time based on their report

    Canadian home prices could drop up to 25% by early 2023: TD Canadian PressThe Vancouver Sun Projected price drop represents an unprecedented decline at least going as far back as the late 1980s TD estimates estimates the number of home sales will fall 35 per cent by early 2023. Photo by Dan Janisse/The Windsor Star […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-08-2022
    Real Estate Related

  9. 4.07 acres industrial sells for $13.25M located in 4046 96th Avenue SE, Calgary

    Four acre, 426-unit Calgary self-storage sells for $13.25 million Western Investor StaffWestern Investor There is expansion potential for the Alberta Storage Place site in southeast Calgary NAI Commercial, Langley, B.C., for Western Investor   Property type: Self-storage/industrial Location: 4046 96th Avenue SE, Calgary Number of locker units: 426 Property size: 43,396 square feet Land size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-08-2022
    Real Estate Related

  10. Average rental in GTA surge 19% in July

    GTA rental market sees a July surge Ephraim Vecinaother Accelerated demand was prominent in downtown Toronto, new report says Average monthly rents in the Greater Toronto Area grew by $400 (approximately 19%) year over year in July, with average rents in the city of Toronto increasing by 25% annually, according to a new report from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-08-2022
    Real Estate Related

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