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  1. Bank of Canada is keeping its key interest rate at 4.5 per cent

    "The bank only started raising rates a year ago and so the full effects from even the first set of interest rate hikes has not fully made its way to the economy."
    By Kevin Charach
    09-03-2023

  2. 27 units of multi-family rental building sells for $6.2M located 116 Prideaux Street, Nanaimo, B.C.

    Sale price was $100,000 over list for property close to downtown, with all rentals as one-bedroom units. It sold at a 5.09 per cent cap rate, agents say.
    By Western Investor Staff
    09-03-2023

  3. 2,794 sqft commercial building in Dawson Creek, B.C. sells for $260,000

    The 2,794-square-foot property is zoned commercial on a large corner lot in the northern B.C. city.
    By Western Investor Staff
    09-03-2023

  4. 0.83 acres land assembly in Mission sells for $3.5 Million

    Assembly totals 35,000 square feet and has potential for four duplex residential lots

     
    By Western Investor Staff
    08-03-2023

  5. Canada’s housing market was still in the process of correcting itself but showed signs of “gradually letting up”

    But the road to recovery is a long one uphill, it warns
    By Mary Or
    08-03-2023

  6. 9.96 acres development land sells for $5.5 Million located at 36160 McKee Road, Abbotsford, B.C.

    Located in the emerging McKee Peak residential area, the land is destinated for ground-oriented housing, as single-detached houses, row houses or townhouses.
    By Western Investor Staff
    07-03-2023

  7. Canada home prices already fallen roughly 15% from 2022 peak and are forecast to drop 12% this year

    `It's a necessary correction to restore affordability’
    By Milounee Purohit
    03-03-2023

  8. Greater Vancouver home sales up 77% from Jan., down 47% from last year: board says

    The board says sales for the month in the area it covers totalled 1,808, down from 3,424 in February 2022 and roughly 33 per cent below the 10-year February sales average.
    By The Canadian Press
    02-03-2023

  9. 3.3 acres industrial land in Kelowna sells for $7.3 Million

    Seller sold the land for $7.3 million and will continue to operate business as the new owner prepares redevelopment.
    By Western Investor Staff
    02-03-2023

  10. BoC will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024

    The central bank has raised rates at a record pace over the past year to tame inflation that hit a four-decade high of 8.1% in June.
    By Ismail Shakil
    02-03-2023

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