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  1. 1.51 acres industrial property in Alaska Rd. Sells for $3.85 million

    Fort St. John industrial property sells $1.4M above assessment Nai Commercial Western Investor The 13,000-square-foot building on a 1.5-acre lot was custom built for a single tenant in Fort St. John, B.C. Property type: Industrial Location: 8316 Alaska Road, Fort St John, B.C. Number of units: 1 Size of property: 13,000 square feet Size of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-06-2022
    Real Estate Related

  2. 0.82 acres retail in Burnaby sells for $9.3 million

    Burnaby single-tenant drive-thru sells for $9.3 million Marcus & MillichapWestern Investor A&W drive-thru restaurant is on a 36,000-square-foot lot on Kingsway Avenue, Burnaby, B.C., with development potential. Property type: Retail Location: 6535 Kingsway Avenue, Burnaby, B.C. Number of tenants: 1 Size of property: 36,000 square feet Size of land in acres: 0.82 acres Sale price: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-06-2022
    Real Estate Related

  3. Grosvenor acquires Oakridge transit centre plans to begin redevelopment in 2025

    Grosvenor acquires Oakridge transit centre site Peter MithamWestern Investor Redevelopment set to begin in 2025 on first of four phasesGrosvenor has acquired the former Oakridge transit centre with plans to begin redevelopment in 2025.GrosvenorThe former Oakridge transit centre site has changed hands in advance of proceeding through the city approvals process.Grosvenor announced its purchase of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-06-2022
    Real Estate Related

  4. Minimum mortgage stress test rate climb to 7% or higher | John Lusink

    Poll: Most Ontarians sceptical of their homeownership prospects Ephraim Vecinaother Rising mortgage rates are a significant factor impeding Canadians’ plans More than half of Ontarians (57%) indicated a belief that they might never be able to afford a home in their current city or town, according to a new poll by independent brokerage Right at […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-06-2022
    Real Estate Related

  5. 240,000-square-foot distribution centre in Richmond expected to open in spring 2024

    Coca-Cola Bottling to open $18 million distribution hub in Richmond Glen KorstromWestern Investor Coca-Cola Canada Bottling Ltd.’s new B.C. investments also includes a $24 million bottling lineNew 240,000-square-foot distribution centre at 8040 Zylmans Way, Richmond is expected to open spring 2024. | SubmittedCoca-Cola Canada Bottling Ltd. is investing heavily in British Columbia as it aims […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-06-2022
    Real Estate Related

  6. Canada inflation rate hits 7.7% in May

    Canadian inflation hits 39-year high Fergal McAlindenother Surges in price growth show no signs of slowing downCanadian inflation hit a new landmark high in May, accelerating at a yearly pace of 7.7% and reaching its highest rate since 1983, according to Statistics Canada.The national statistics agency said the consumer price index (CPI) had risen once […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-06-2022
    Real Estate Related

  7. April’s federal budget contained a flurry of measures aimed at tackling Canada’s housing crisis

    Wealth vs. affordability: Time for a frank discussion on Canada’s housing market? Fergal McAlindenother A recalibration of the country’s aims for the market could be required, argues founder For would-be homebuyers who have found themselves priced out of the housing market of late, a recent National Bank report confirmed the grim reality facing them and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-06-2022
    Real Estate Related

  8. April’s federal budget contained a flurry of measures aimed at tackling Canada’s housing crisis

    Wealth vs. affordability: Time for a frank discussion on Canada’s housing market? Fergal McAlindenother A recalibration of the country’s aims for the market could be required, argues founder For would-be homebuyers who have found themselves priced out of the housing market of late, a recent National Bank report confirmed the grim reality facing them and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-06-2022
    Real Estate Related

  9. Prices continued to trend upward thanks to higher building costs

    New home prices rise in May as resale market reports signs of cooling Michelle McNally Livabl While Canada’s resale home market indicated a cooldown in May, new construction property prices continued to trend upward thanks to higher building costs. In its recently-released New Housing Price Index (NHPI) report for May, Statistics Canada stated that new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-06-2022
    Real Estate Related

  10. Homes sales are dropping fast and housing projects are being cancelled

    Douglas Todd: Canada’s housing market has turned on its head. Five things to know. Douglas ToddThe Vancouver Sun Analysis: A ‘fear of missing out’ has given way to ‘a fear of getting screwed,’ says one mortgage broker.  Row of modern townhouses in Vancouver. Photo by Getty Images/iStockphoto /Getty Images/iStockphoto It’s hard to keep up with […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-06-2022
    Real Estate Related

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