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  1. November housing sales and price data continue downward spiral seen over the past seven months

    Vancouver home buyers settle into the driver’s seat Frank O’BrienWestern Investor   November sale and price data remains dismal, but Metro Vancouver housing market could be ripe for buyers right now, analysts say Buyers should take advantage of “stuck” Metro market, some say. | Chung Chow November housing sales and price data continued a downward […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 01-12-2022
    Real Estate Related

  2. 56 detached-house lots in Port Moody sells for $157.2 Million

    Port Moody 14.8-acre land assembly closes at $157.2 million Western Investor StaffWestern Investor Assembly sale composes 56 detached-house lots in Coronation Park neighbourhood proposed for high-density mixed-used development London Pacific Property Agents, Vancouver, for Western Investor   Property type: Development land assembly Location: Coronation Park neighbourhood, Port Moody, B.C.  Number of units: 56 (detached houses) […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2022
    Real Estate Related

  3. Goran Bucan broker and developer Keltic closes on $150M Burnaby land deal

    Keltic closes on multimillion-dollar Burnaby land deal Frank O’BrienWestern Investor The site: A 1.8-acre land assembly in Burnaby’s Metrotown sold November 30 for more than $100 million. | Google Earth Vancouver real estate agent Goran Bucan brokered two of the biggest real estate deals in Metro Vancouver this year, including the sale of an entire […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2022
    Real Estate Related

  4. Goran Bucan broker and developer Keltic closes on $150M Burnaby land deal

    Keltic closes on multimillion-dollar Burnaby land deal Frank O’BrienWestern Investor The site: A 1.8-acre land assembly in Burnaby’s Metrotown sold November 30 for more than $100 million. | Google Earth Vancouver real estate agent Goran Bucan brokered two of the biggest real estate deals in Metro Vancouver this year, including the sale of an entire […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-11-2022
    Real Estate Related

  5. Vancouver’s the top market for investment in Western Canada

    Growth-minded lenders tighten terms of new debt as costs rise Peter MithamWestern Investor Multifamily, industrial lending poised to grow in 2023 Virtually all lenders say they want to grow their real estate loan portfolios in 2023, but just a few key sectors are the focus as borrowers eye rising interest rates and development plans stall. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 29-11-2022
    Real Estate Related

  6. 0.165 acres retail in North Vancouver sells for $5.3 Million

    North Van 6,907 square feet of retail sells $400K over assessed value Western Investor StaffWestern Investor The modern, prime two-storey package, on 0.16 acres in Edgemont Village, traded at $5.3 million in a deal closing November 30. Macdonald Commercial, Vancouver, for Western Investor   Property type: Retail Location: 3012 Edgemont Boulevard, North Vancouver, B.C. Size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-11-2022
    Real Estate Related

  7. RBC deal to buy HSBC’s Canadian unit for $13.5 billion in cash

    RBC to purchase HSBC Bank Canada Fergal McAlindenCMP The mega deal is the largest ever reached between two domestic banks in this country Royal Bank of Canada (RBC) has struck a deal to buy HSBC’s Canadian unit for $13.5 billion in cash, the largest ever agreement between two domestic banks in Canada. The transaction is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-11-2022
    Real Estate Related

  8. Central bank’s rate hikes have yet to manifest, Stephen Poloz says

    What will the impact of the current interest rate hikes be? Ephraim VecinaCMP Former BoC head outlines possibilities The full impact of the central bank’s rate hikes have yet to manifest, Stephen Poloz says The Bank of Canada’s interest rate hikes have yet to reveal their full impact on the financial system, and are likely […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-11-2022
    Real Estate Related

  9. 2.29 acres industrial land in Surrey sells for $15.34 Million

    Port Kells 2.29-acre industrial site sells for $15.3 million Western Investor StaffWestern Investor Industrial land was listed as the market began to shift downward, agents say, which caused a mid-launch strategy adjustment to a successful sale at $6.7 million per acre in the Port Kells area of Surrey, B.C. Frontline Real Estate Services, Langley, for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-11-2022
    Real Estate Related

  10. GTA commercial real estate market slowed during Q3 2022 following a strong first half | Avison Young

    Avison Young highlights GTA commercial market’s Q3 performance Ephraim VecinaCMP New report pinpoints market’s strengths and challenges Deviations from market trends established earlier this year were observed Activity in the Greater Toronto Area commercial real estate market slowed during Q3 2022 following a strong first half, according to Avison Young. In its latest market report, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-11-2022
    Real Estate Related
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