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  1. 13% growth in adjusted earnings to $3.8 billion in its Q1

    TD reveals Q1 financial results Fergal McAlindenother The announcement caps an eventful week for the Canadian banking giant  Toronto-Dominion Bank (TD) has made it a clean sweep for Canada’s leading banks in topping analyst expectations in 2022’s first quarter, becoming the latest to post strong financial results at the beginning of the year. The bank […]

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

  2. Bank of Canada has raised its interest setting rate from 0.25 percent to 0.5 percent

    Bank of Canadas 0.25 percent rate hike means 13 monthly payment increase per 100000 mortgage broker Carlito PabloThe Georgia Straight

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-03-2022
    Real Estate Related

  3. New listing home sales increase REBGV

    Metro Vancouver sees huge jump in monthly sales Michelle McNally Livabl

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-03-2022
    Real Estate Related

  4. New zoning policies are on tap in the District of West Vancouver

    West Vancouver zoning proposal encourages breweries, food processors Brent RichterWestern Investor Commercial zoning change will address the district’s lack of light industrial space  New zoning policies are on tap in the District of West Vancouver that will see craft breweries, wineries, cideries and distilleries allowed on some commercially zoned lots. The proposed changes will allow […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-03-2022
    Real Estate Related

  5. CBRE strong demand, below-average availability rates: report

    Victoria’s commercial real estate market turns bullish Andrew DuffyWestern Investor  The Victoria skyline. DARREN STONE, TIMES COLONIST CBRE outlook report highlights strong demand, below-average availability rates Optimism has returned to Victoria’s commercial real estate market, according to a new market outlook released this week by commercial real estate company CBRE Ltd. The outlook covered the prospects for industrial, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-03-2022
    Real Estate Related

  6. Central bank set the stage to further rate increases in 2022

    Major banks raise prime rates Fergal McAlindenother The news marks the first time Canada’s banking giants have raised prime rates since 2018 Toronto-Dominion Bank, Royal Bank of Canada and Bank of Montreal have indicated that they will increase prime lending rates, following hot on the heels of the Bank of Canada’s benchmark policy rate increase […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-03-2022
    Real Estate Related

  7. Canada’s annual inflation rate having surpassed the 5% mark for the first time in over 30 years

    Bank of Canada hikes rate Fergal McAlindenother The central bank has changed its benchmark rate for the first time in almost two years  The Bank of Canada has announced an increase in its benchmark interest rate, marking its first change for nearly two years and signalling the end of the rock-bottom low rates that have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-03-2022
    Real Estate Related

  8. Monthly increase of over 4% in Toronto’s benchmark price

    Will the Toronto housing market ever slow down? Fergal McAlindenother The city is now home to Canada’s priciest market – but a slowdown of sorts could be in the cards  What can slow the seemingly unstoppable rise in Toronto house prices? With the city having just surged past Vancouver to become Canada’s most expensive market, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-03-2022
    Real Estate Related

  9. Strong mortgage and commercial loan growth drove a 38% increase

    Scotiabank posts first-quarter results Fergal McAlindenother A significant trend has emerged in the Big Six’s Q1 earnings announcements to date  Scotiabank is the latest Canadian banking giant to reveal strong earnings in 2022’s first quarter, with the bank reporting Q1 net income of $2.74 billion – up 14% over the same time last year. Diluted […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-03-2022
    Real Estate Related

  10. Industry’s standout performers from the last 12 months

    Canadian Mortgage Awards 2022 – Excellence Awardees revealed Fergal McAlindenother Find out if you or your company could be celebrating at the in-person awards show on April 28 It promises to be one of the most memorable occasions in the Canadian mortgage industry this calendar year: the return of the Canadian Mortgage Awards (CMAs) as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-03-2022
    Real Estate Related

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