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  1. 5 acres manufactured home park in Barriere sells for $1.17 Million

    Barriere, B.C., 18-pad manufactured home park sells for $1.17 million Bowman Group Realty Sutton Western Investor Park, on just over five acres with two-bedroom house, and potential of adding more pads, sold for $432,000 above the assessed value. Property type: Manufactured Home Park Location: 616 Armour Road, Barriere, B.C. Number of pads: 18 Property size: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-02-2022
    Real Estate Related

  2. Bank of Canada rate lift-off to turn down the market’s heat in 2022

    RBC on how Canadian home sellers are faring Ephraim Vecinaother The national market continues to see tight supply and mounting prices Sellers are currently in a stronger bargaining position in almost all Canadian housing markets, not just the largest ones, according to RBC Economics. This has been spurred by consistently tight supply and surging home […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-02-2022
    Real Estate Related

  3. Increasing cost of real estate makes it difficult for millennials to afford their first home

    Breaking into the real estate market without breaking the bank Robin BrunetThe Vancouver Sun WiiBid’s digital mortgage marketplace provides fast and convenient access to customized financing solutions at the lowest ratesThe majority of first-time homebuyers in B.C. receive help from their parents. GETTY IMAGESOne of the most frustrating financial challenges in today’s competitive housing market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-02-2022
    Real Estate Related

  4. Inflation hits 31-Year high in Canada

    Inflation surges to three-decade high, adding pressure on Bank of Canada to raise rates Kevin Carmichaelother Kevin Carmichael: Inflation at this pace guarantees a raise in March and puts half-point hike in playFood prices at grocery stores rose 6.5 per cent on the year, compared to 5.7 per cent in December. Photo by TOLGA AKMEN/AFP […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-02-2022
    Real Estate Related

  5. Annual inflation in Canada rate hit 5% over 30-years

    Inflation hits milestone high in Canada Fergal McAlindenother StatCan revealed that the pace of inflation has shattered a 30-year record  The annual inflation in Canada rate hit 5.1% in January – the first time it has surpassed the 5% mark for over 30 years, according to Statistics Canada. That increase, which followed a 4.8% rise […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-02-2022
    Real Estate Related

  6. 24,289 square feet industrial warehouses sells for $14.62 million

    Three Surrey warehouses totalling 24,289 square feet sell for $600 PSF Nationwide Realty Corp.Western Investor Trio of industrial properties in East Panorama business park sold for $14.62 million. Type of property: Industrial warehouses Location: 100, 109, 110, 15055 54A Avenue, Surrey, B.C. Number of units: 3 Property size: 24,289 square feet (total) Zoning: IB (Business […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-02-2022
    Real Estate Related

  7. 36 storey condo located at 1499 West Pender Street, Vancouver

    Want to see what a $16.9 million condo looks like? Brendan KerginWestern Investor The condo is a penthouse in downtown Vancouver.What kind of condo could cost $16.9 million?In this case, it’s a penthouse at the top of West Pender Place, the 36 story tower at 1499 West Pender St., just a block away from the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-02-2022
    Real Estate Related

  8. Despite total sales in January falling 15 percent from a year early | BCREA

    B.C. home price $685,000 higher than average in Prairie provinces Western Investor StaffWestern Investor At $1,042,169, the typical B.C. home is at least half-a-million dollars more expensive than anywhere else in Canada but Ontario This 1,374-square-foot, one-bath house on East 60th, Vancouver, was listed February 2022: asking $1.98 million. | REW.CA At $1,042,169, the typical […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-02-2022
    Real Estate Related

  9. Streetworks plans to redevelop Hudson’s Bay store in downtown Vancouver

    Creating multi-use spaces that feature a range of services and experiences | HBC Frank O BrienThe Vancouver Sun Iconic site spans nine floors at Georgia and Granville Streets in the heart of the city Hudson’s Bay 636,828-square-foot store in Vancouver. | Leonard Whistler Iconic site spans nine floors at Georgia and Granville Streets in the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-02-2022
    Real Estate Related

  10. Analysts expect that supply increases will start to cool the market in the second half of 2022 | RBC

    House prices jump, housing starts slide as affordability takes a blow to start the year Stephanie HughesThe Vancouver Sun Home prices rise three per cent while housing starts slow three per cent in January from month before Homes under construction in a development in Langford, British Columbia. Housing starts declined in January from the month […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-02-2022
    Real Estate Related

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