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  1. Canadian mortgage debt reached more than $1.6 trillion in Q2 2022 | CMHC

    Canada’s outstanding mortgage debt now exceeds $1.6 trillion Ephraim Vecinaother

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

  2. 13.57 acres industrial land in Manitoba sells for $3.39 Million

    13.5 acres of industrial in Rosser, Manitoba, fetches $3.39 million Western Investor StaffWestern Investor Land, about 17 kilometres from downtown Winnipeg in the rural municipality and close to CentrePort, was bought by a local trucking company. Shindico Realty Ltd., Winnipeg, for Western Investor   Property type: Industrial land Location: 8056 Park Royale Way, RM of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-08-2022
    Real Estate Related

  3. 80 acres of raw land sells for $3.4M located in Rosser, Manitoba

    80 acres of raw land near Winnipeg sells for $3.4 million Western Investor StaffWestern Investor Rural land in Rosser, Manitoba, purchased by out-of-province investor for future development   Potential for development. Shindico Realty Ltd, Winnipeg, for Western Investor   Property type: Raw land Location: Rural route on Mollar Road, RM of Rosser, Manitoba Sale Price: $3,400,000 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-08-2022
    Real Estate Related

  4. Investor Weihong Liu spent $858M buying three B.C. retail centres

    Serial immigrant investor lands Tsawwassen Mills megamall Frank O’BrienWestern Investor Weihong Liu, who arrived in Canada eight years ago, now owns three of the biggest shopping malls on the B.C. coast  A recent immigrant to Canada who bought Tsawwassen Mills this year has big plans for the giant South Delta mall, as she has for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-08-2022
    Real Estate Related

  5. Higher than analysts’ average projected profit for the bank of $2.04 per diluted share.

    TD reports Q3 financial results Fergal McAlindenother Find out how the banking giant fared in 2022’s third quarter TD Bank Group reported that its net income for the third quarter was down year over year, coming in at $3.21 billion compared with $3.55 billion in Q3 2021, although the banking giant surpassed average analyst expectations […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-08-2022
    Real Estate Related

  6. Pre-Construction facing its own share of new changes

    Pre-Construction In the Age of Rising Interest Rates Corben GrantCanadian Real Estate Wealth  As markets across the country begin to cool from last year’s highs, the world of preconstruction is facing its own share of new changes. As interest rates rise and developers and buyers alike reassess their plans, it is becoming increasingly difficult to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-08-2022
    Real Estate Related

  7. Canadian home prices fall 5.3% in July, biggest declines since the crash began in March

    Housing in Canadas Biggest Cities Crashed: Could Small Markets Follow? Andrew Buttonother Canadian house prices are crashing now that banks like CIBC (TSX:CM)(NYSE:CM) are raising mortgage rates.  House prices are crashing in Canada’s biggest cities. In Toronto, Vancouver, and elsewhere, prices are coming down, following decades of consistent gains. In July, house prices fell 5.3% […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-08-2022
    Real Estate Related

  8. Downtown vacancies fall to 4.7% in the first half of 2022 | CBRE

    In-person contact fuels Vancouver’s retail revival as sanctions lift Peter MithamWestern Investor Diversified neighbourhoods, such as West 4th Avenue, faring the best as retail reboots  Huge crowds returned to West Fourth Avenue, Vancouver, for the 2022 Khatsalano street party July 9.|Facebook/Khatsalano Retail vacancies in Vancouver are falling as consumers return to in-person shopping, with services […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-08-2022
    Real Estate Related

  9. RBC’s net income plummet by 17% in Q3 2022

    RBC’s Q3 profits slip Fergal McAlindenother The banking giant’s third-quarter results were down from last year and came in lower than analysts expected Royal Bank of Canada (RBC) saw its year-over-year net income in 2022’s third quarter plummet by 17% to $3.58 billion, with adjusted earnings of $2.55 per share falling well short of average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-08-2022
    Real Estate Related

  10. National Bank of Canada’s profit for Q3 2022 down from year ago

    National Bank sees third-quarter profits drop Fergal McAlindenother The results arrive in an “increasingly complex backdrop,” says bank’s CEO National Bank of Canada’s profit for Q3 2022 came in lower than the same time last year, with net income dropping from $839 million in 2021’s third quarter to $826 million this time around. That meant […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-08-2022
    Real Estate Related

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