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  1. 1.8 acres development land in Burnaby sells for $145 Million

    Burnaby Metrotown 1.8-acre land assembly sells for $145 million Western Investor StaffWestern Investor The 80,000-square-foot, two-lot assembly eyed for high-density mixed-use development Sutton Group West Coast Realty, Vancouver, for Western Investor   Property type: Development land assembly Location: 4444 and 4488 Kingsway Avenue, Burnaby, B.C. Number of sites: 2 Land size: 80,000 square feet (total) Land […]

  2. 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 […]

  3. 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 […]

  4. 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 […]

  5. 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 […]

  6. 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, […]

  7. CMAs set to make their return for 2023

    2023 Canadian Mortgage Awards building connections Fergal McAlindenCMP Attending the prestigious gala event opens up a host of possibilities, 2022 winner says The Canadian Mortgage Awards (CMAs) are set to make their return for 2023, with Toronto’s Westin Harbour Castle to host the prestigious awards gala on April 20. Nominations are open until January 13 […]

  8. Canadian real estate prices are forecast to fall further, but pandemic-era gains won’t be wiped out

    Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ Daniel Wongother The outlook for Canadian real estate, and the economy in general, is looking a little less bright. Oxford Economics warned clients this week, that we’re already seeing the early stages of a recession. Higher rates to cool inflation […]

  9. Canadian sees their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis

    What’s plaguing Canadians? Fergal McAlindenCMP New survey sheds lightCanadians are seeing their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis, report saysAs mortgage rates continue to rise and Canada’s cost-of-living crisis shows little sign of slowing, many borrowers have felt the pinch throughout this year – but a new survey has […]

  10. Canadian sees their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis

    What’s plaguing Canadians? Fergal McAlindenCMP New survey sheds lightCanadians are seeing their finances hit by so-called unconscious spending habits amid the current cost-of-living crisis, report saysAs mortgage rates continue to rise and Canada’s cost-of-living crisis shows little sign of slowing, many borrowers have felt the pinch throughout this year – but a new survey has […]