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  1. Metro Vancouver’s office market is “the strongest in Canada”

    Burnaby office building sells for $112.5 million Frank O’BrienWestern Investor Concert’s first acquisition in Brentwood seen as the highest price paid for a B.C. office property in the past two years1795 Willingdon Avenue, Burnaby: future development site with stable income in place. | Concert CRECMetro Vancouver’s office market is “the strongest in Canada,” according to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 30-05-2022
    Real Estate Related

  2. 65 acres farm in 3598 Highway 97A, Armstrong B.C. sells for $1.76 million

    65-acre farm near Armstrong sells for $1.76 million Colliers International Unique PropertiesWestern Investor Former cattle and hay farm on Highway 97A, just outside of Armstrong, B.C., includes a country home and several outbuildings. Zoning allows for a second residence.   Property type: Farm Location: 3598 Highway 97A, Armstrong, B.C. Farm size: 65 acres Zoning: A2 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-05-2022
    Real Estate Related

  3. 7.41 acres Retail Centre in Langley sells for $57.25 million

    Langley’s Logan Lake Plaza sells for $57.25 million Royal Pacific RealtyWestern Investor The retail property covers 76,831 square feet on 7.4 acres and is anchored by nine national tenants in the centre of Willowbrook shopping district in Langley, B.C. Property type: Retail centre Location: 20020 and 20055 Willowbrook Drive, Langley, B.C. Number of units: 9 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-05-2022
    Real Estate Related

  4. Metro Vancouver multiple projects hit in the market place in the second half of 2022

    Metro Vancouver rental market sees higher rates, lower availability in Q1-2022 Michelle McNally Livabl As more renters return to Vancouver’s urban areas, purpose-built rental rates across the region continued to rise during the first months of 2022. In its Vancouver Rental Take report for Q1-2022, Zonda Urban stated that the Metro Vancouver rental market kicked […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-05-2022
    Real Estate Related

  5. Vancouver, Squamish Nation sign deal to ensure services for Kitsilano project

    Squamish Nation signs MOU service deal with Vancouver for 11-tower Senakw development Nick LabaWestern Investor The service agreement, designed to provide utilities from the city to the First Nation development, will sit in escrow until details are finalized.With the traditional, unceded territory of the Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) as a backdrop, the First Nation signed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-05-2022
    Real Estate Related

  6. Parkland to spend $600 million to upgrade Burnaby refinery

    B.C. funds giant bio-diesel project at Burnaby refinery Sean PrattWestern Investor Two-plant refinery could generate 720 million litres of low-carbon gasoline and diesel fuel each year by 2026  Parkland Corporation has received a commitment from B.C. to cover more than 40 percent of the cost of its proposed $600 million renewable fuels investment at its […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-05-2022
    Real Estate Related

  7. B.C. implement a “modest” termination fee of 0.1 to 0.5% home price to be paid by buyers

    3-day ‘cooling off’ period, transparent bidding recommended to transform B.C. real estate sector The Canadian PressCBC Radio  The B.C. government introduced amendments to property legislation in March and Finance Minister Selina Robinson tasked the independent regulator with consulting the real estate industry stakeholders on setting parameters for a cooling-off period. (Jonathan Hayward/Canadian Press) The regulator […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-05-2022
    Real Estate Related

  8. 79-units of multi family rental sells for $36.8 Million located in 1124 5th Avenue NW, Calgary

    New 79-unit Calgary rental building sells for $36.8 million Goodman Commercial Inc.Western Investor Completed in 2019 near Riley Park and the Sunnyside LRT station, the total leasable space is more than 64,000 square feet in a condo-quality complex Goodman Commercial Inc., Vancouver, for Western Investor   Property type: Multi-family rental Location: 1124 5th Avenue NW, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-05-2022
    Real Estate Related

  9. Canadian home prices fall 6% in April, down for 2nd month in a row

    Canada house prices: How far could they fall? Fergal McAlindenother Sales and price growth have slowed in the housing market in recent weeksIt’s no secret that Canada is currently in the throes of a housing market cooldown, with the pace of home sales falling in April and national house prices also on the way down.New […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-05-2022
    Real Estate Related

  10. Province to purchase $53.5M worth of Laurentian U. assets

    Provincial government offers to buy $53.5 M of Laurentian University real estate CBC StaffCBC Radio  Laurentian University says the provincial government has offered to purchase $53.5 million worth of its real estate to help the troubled school settle with its creditors. (Erik White/CBC) Laurentian University is receiving more financial help from the Ontario government. In […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-05-2022
    Real Estate Related
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