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  1. Lowering price growth so incomes can catch up to prices is integral to improving housing affordability in B.C. | Brendon Ogmundson

    Unprecedented construction needed in B.C. to offset record immigration: Report The Canadian PressThe Vancouver Sun The B.C. Real Estate Association says the province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability. Houses and townhouses are seen in an aerial view in Langley, B.C., […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2023
    Real Estate Related

  2. Lowering price growth so incomes can catch up to prices is integral to improving housing affordability in B.C. | Brendon Ogmundson

    Unprecedented construction needed in B.C. to offset record immigration: Report The Canadian PressThe Vancouver Sun The B.C. Real Estate Association says the province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability. Houses and townhouses are seen in an aerial view in Langley, B.C., […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2023
    Real Estate Related

  3. B.C. real estate investment total $3.9B in 2022, despite a sharp drop in the second half of the year as rising interest rates put the brakes on deal-making

    BC real estate investment deals hit $3.9 billion in 2022 Peter MithamWestern Investor Rising interest rates dampened activity, but investors are returning as 2023 hits its stride Meadow Crossing in Burnaby was the most expensive industrial property to change hands last year, with Beedie Group purchasing it from Hungerford Properties in December for $83 million.Hungerford […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-03-2023
    Real Estate Related

  4. GTA new home sales decline by 76% in February

    GTA housing market activity muted in February Ephraim VecinaCMP New report shows substantial declines in sales numbers la The Greater Toronto Area (GTA) new home market saw sales activity decline by 76% annually in February, down to a level 69% lower than the region’s 10-year average, according to Altus Group and the Building Industry and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-03-2023
    Real Estate Related

  5. Vancouver Council will consider a new policy to address the pace of change in the Broadway area

    Comment: City change to Broadway Plan will slow pace of rental housing Mark Goodman and Cynthia JaggerWestern Investor Vancouver staff recommendation to allow only five new development proposals per year flies in the face of earlier plans – and the city’s desperate need for more rental units Mark Goodman and Cynthia Jagger are partners in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-03-2023
    Real Estate Related

  6. Fed increase 0.25% interest rate despite widespread concern surrounding the impact of ever-higher borrowing rates

    What does the US Fed’s latest rate hike mean for Canada? Ephraim VecinaCMP Sustained financial volatility will continue to influence policy on both sides of the border The United States Federal Reserve has announced another 0.25% increase in its key interest rate despite widespread concern surrounding the impact of ever-higher borrowing rates. “The US banking […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-03-2023
    Real Estate Related

  7. Vacancy rates nevertheless fell to a two-decade low as high levels of in-migration and the loss of housing affordability sparked a record surge in both demand and rents | RBC

    RBC sounds alarm on rental housing supply Ephraim VecinaCMP Canada’s rental housing shortage will likely quadruple in three years, new report says Canada’s rental housing shortage is anticipated to quadruple to 120,000 units by 2026 without a significant boost in current inventory levels, according to a new report by Royal Bank of Canada. This is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-03-2023
    Real Estate Related

  8. Cedar LNG project will be the first LNG plant to be built and owned by a First Nation

    B.C. approves $3 billion Cedar LNG project Nelson BennettWestern Investor Floating liquefied national gas export terminal at Kitimat will be the first LNG plant to be built and owned by a First Nation Artist’s rendering of the floating LNG project in Kitimat. | Cedar LNG A $3 billion floating liquefied natural gas plant that the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-03-2023
    Real Estate Related

  9. The provincial government will give TransLink almost half a billion dollars to prevent service cuts, keep fares stable and fund the purchase of electric buses

    B.C. Premier David Eby approves $479-million TransLink bailout David CarriggThe Vancouver Sun Mobility pricing next, say B.C. Liberals Premier David Eby announces a bailout for TransLink on Wednesday, March 15, 2023, in Vancouver. Photo by Herman Thind /jpg The provincial government will give TransLink almost half a billion dollars to prevent service cuts, keep fares […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-03-2023
    Real Estate Related

  10. 31 units of multi family rental sells for $7M located at 671 Martin Street, Penticton, B.C.

    Penticton 31-unit multi-family rental sells for $7 million Western Investor StaffWestern Investor Selling price was $100,000 above list, with assumable Canada Mortgage and Housing Corp.-insured financing at 1.73 per cent. Marcus & Millichap, Vancouver, for Western Investor   Property type: Multi-family rental Location: 671 Martin Street, Penticton, B.C. Number of units: 31 Sale price: $7 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 14-03-2023
    Real Estate Related
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