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  1. Vancouver condo sales increase 52.2 % month-to-month from January 2021

    Downtown Vancouver condo sales rebound after 2020 slump Michelle McNallyLivabl   Nearly one year after condo sales sunk at the onset of the COVID-19 pandemic, new data shows that buyers have been returning to downtown Vancouver’s high-rise market. According to recent research and reporting by The Georgia Straight, 105 condo properties were sold in Downtown […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-03-2021
    Real Estate Related

  2. Wealthy families with more cash in bank are the main drivers of purchasing properties during this pandemic

    Affluent millennials and wealthy families sitting on a pile of cash are the latest drivers of high-end Canadian real estate Avery MullenThe Vancouver Sun  Sales of homes valued at $4 million or more in the Greater Toronto Area saw a 157 per cent jump in activity. Photo by Tyler Anderson/National Post The rise of affluent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-03-2021
    Real Estate Related

  3. Two male real estate agents terminated effective immediately after allegations of sexual assault

    Two Victoria real estate agents fired after online accusations of sexual assault Louise DicksonThe Province  The Agency Victoria, a luxury real estate brokerage and lifestyle company, says it has terminated its relationship with two agents, effective immediately, after allegations of sexual assault. Photo by CHEK NEWS /Times Colonist Warning: This story contains details of sexual […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2021
    Real Estate Related

  4. Marpole multi-family unit sells for $10.5 million located at Laurel Street, Vancouver

    Vancouver 33-suite rental building sells at full list price of $10.5 million Goodman Commercial Inc.Western Investor — Goodman Commercial Inc., Vancouver, for Western Investor Property type: Multi-family rental Location: 8755 Laurel Street, Vancouver Number of units: 33 Lot size: 19,310 square feet Lot size in acres: 0.44 acres Zoning: RM-3A List price: $10.5 million Sale […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-03-2021
    Real Estate Related

  5. Agriculture Land sells for $1.70 million located at Hamilton Road, Agassiz, B.C. for future development

    Agassiz 47 acres with riverfront sells $1.4 million over assessment Re/Max Nyda RealtyWestern Investor — Group, Re/Max Nyda Realty, Agassiz, B.C., for Western Investor Property type: Land Location: 920 Hamilton Road, Agassiz, B.C. Land size: 47 acres Zoning: RR1 (rural residential) Potential: Residential development BC Assessment value (2020): $304,000 List price: $1.94 million Sale price: $1.70 million Brokerage: 3A Group, Re/Max Nyda Realty, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2021
    Real Estate Related

  6. CMHC rates five country’s major markets having a “high degree of vulnerability”

    Toronto housing market raised to “high risk” Ari AltstedterMortgage Broker News  Canada’s housing agency raised its risk assessment for the Toronto market to high, while also warning of overheating at the national level as the pandemic-driven surge in home prices shows no signs of slowing. The Canada Mortgage and Housing Corp. now rates five of the country’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2021
    Real Estate Related

  7. 32-storey office tower located at 1166 West Pender Street in downtown Vancouver

    New 32-storey office tower set for Vancouver Frank O’BrienWestern Investor — New tower for 1166 West Pender opens in 2024 or 2025. | Reliance Properties Reliance Properties of Vancouver has teamed with Texas-based Hines, one of the largest private real estate developers in the world, to announce a new 32-storey office tower at 1166 West […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2021
    Real Estate Related

  8. Business sectors like tourism, hospitality and management are among the hard-hit businesses that be having difficulty this 2021

    More than half of ‘hard-hit’ businesses will not survive 2021 Elana ShepertWestern Investor — Many pubs and restaurants have already closed.| Chung Chow While many businesses in Vancouver and across Canada closed in the early months of the coronavirus (COVID-19) pandemic, many others continue to struggle financially.  Now, the Coalition of Hardest Hit Businesses says the findings […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-03-2021
    Real Estate Related

  9. Canadian home sales MLS system dropped by 2.3% last month compared Q4 2020 – CMHC

    Metro Vancouver real estate market at ‘moderate’ degree of vulnerability: CMHC Cheryl ChanThe Province The Canadian Real Estate Association says Canadian home sales through its multiple listing service system dropped by 2.3 per cent last month compared with October. Photo by Richard Buchan/The Canadian Press Metro Vancouver has a “moderate” degree of vulnerability in its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-03-2021
    Real Estate Related

  10. Metro Vancouver rental apartments increase up to 34% in Q1 2021 despite freeze on rental rates

    B.C. rental builds up despite freeze on rental rates Wl StaffWestern Investor  — Telus and Omicron are co-developers on 178-unit Nanaimo rental project. | Omicron British Columbia’s restrictive rental environment, which includes a freeze on rental increases this year, and rising vacancy rates for new rentals has apparently had little effect on multi-family developers. As […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-03-2021
    Real Estate Related

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