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  1. Analyst expects sales and construction to begin ramping in 2022

    Hotel action moves back to Metro markets as pandemic wanes Frank O’ BrienWestern Investor Smaller hotels and motels in B.C. outlier markets had outperformed occupancy rates of urban flags that rely on corporate and tourism trade, but times are changing  Peterson Group and Coromandel Properties are planning a new hotel in Vancouver’s Oakridge area as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-03-2022
    Real Estate Related

  2. Leading to double digit price hikes beyond 2022

    Developers are ready, willing and eager to build Richard Lyall Canadian Real Estate Wealth Ontario’s housing crisis is real – and hurting us economically. Lack of affordable housing is costing the Greater Toronto Area up to nearly $8 billion annually – or almost $38 billion over a five-year period, according to a recent report. It […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-03-2022
    Real Estate Related

  3. Residential property sales hit a 26.6% spike in January | AREA

    Alberta housing market – whats happening in 2022? Fergal McAlindenother Housing and mortgage activity in the province has remained elevated. Will that continue?  If a slowdown of sorts was expected in the housing market after the barnstorming activity of the past two years, that certainly hasn’t transpired in Alberta. The province saw residential property sales […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-03-2022
    Real Estate Related

  4. 23 projects are projected to launch this 2022

    Greater Vancouver could see over 4,100 new construction condo units launch in Q1-2022 Michelle McNally Livabl Greater Vancouver is on track to see more than 4,100 new construction condo apartments launch sales by the end of Q1-2022, significantly more than what was reported during the same business quarter last year. Jasmine Cracknell-Young, vice president of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-03-2022
    Real Estate Related

  5. Expecting sales to continue steady well this 2022 as post pandemic recovery

    Dawson Creek real estate on fire as 2022 begins David LuenebergWestern Investor Agents seeing a surge in residents moving from Metro Vancouver to Dawson Creek looking to find work in gas patch.  Six-bedroom old-timer on 102 Avenue, Dawson Creek, zoned RM-2, listed March 17 for $174,000.| REW.ca / Royal LePage Aspire. Dawson Creek’s residential real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-03-2022
    Real Estate Related

  6. 1.45 acres industrial building sells for $20 Million located in Cloverdale Avenue in Saanich

    Redevelopment site in the heart of Saanich sells for just under $20 million Andrew DuffyWestern Investor Saanich has identified the area surrounding the site as its municipal core Cloverdale Avenue in Saanich. GOOGLE STREET VIEW A prime site in the heart of Saanich has been snapped up for just under $20 million. Commercial real estate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2022
    Real Estate Related

  7. Rezoning and subdivisions, for some of the city-owned lands closest to the Village

    Coquitlam’s real estate arm plans more condos around Burke Mountain Village Janis CleughWestern Investor The city is proposing additional multifamily development around a future commercial and social hub  Coquitlam is seeking permission to increase the density of the residential neighbourhood surrounding its yet-to-be-built commercial and social hub on Burke Mountain. The city’s land and real […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2022
    Real Estate Related

  8. Avenue Living closes $138 Million portfolio sale of 764 Calgary rental apartments

    Calgary 764-unit,three-complex rental portfolio sells for $138 million Frank O’BrienWestern Investor  Alberta real estate agents see investor uptick as oil price bounces near US$100 per barrel Avenue Living purchased 764 rental in Calgary’s biggest multi-family deal so far this year. | Avenue Living Toronto-based Michael  Betsalel of Jll Canada suggests the sudden surge in Alberta’s residential […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2022
    Real Estate Related

  9. Bank of Canada rate increase of 0.25% each appear plausible by the end of 2023

    Bank of Canada hike: Have borrowers views on the market changed Fergal McAlindenother A number of factors are set to weigh on affordability in the mortgage market in the near futureAfter months of speculation, the inevitable finally arrived at the beginning of March: the Bank of Canada announced the first hike to its benchmark policy […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-03-2022
    Real Estate Related

  10. CREA reports new listing increased by 23.7% in 2022

    2022 Competitive Market Continues as Buyers Scoop Up Influx of New Listings Daniel Crookother Despite a sharp uptake in new listings, buyers will continue facing strong competition if they’re looking to buy in today’s market, according to the latest numbers from the Canadian Real Estate Association (CREA). In their February 2022 release, CREA reports that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-03-2022
    Real Estate Related

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