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  1. Investor Weihong Liu spent $858M buying three B.C. retail centres

    Serial immigrant investor lands Tsawwassen Mills megamall Frank O’BrienWestern Investor Weihong Liu, who arrived in Canada eight years ago, now owns three of the biggest shopping malls on the B.C. coast  A recent immigrant to Canada who bought Tsawwassen Mills this year has big plans for the giant South Delta mall, as she has for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-08-2022
    Real Estate Related

  2. Higher than analysts’ average projected profit for the bank of $2.04 per diluted share.

    TD reports Q3 financial results Fergal McAlindenother Find out how the banking giant fared in 2022’s third quarter TD Bank Group reported that its net income for the third quarter was down year over year, coming in at $3.21 billion compared with $3.55 billion in Q3 2021, although the banking giant surpassed average analyst expectations […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-08-2022
    Real Estate Related

  3. Pre-Construction facing its own share of new changes

    Pre-Construction In the Age of Rising Interest Rates Corben GrantCanadian Real Estate Wealth  As markets across the country begin to cool from last year’s highs, the world of preconstruction is facing its own share of new changes. As interest rates rise and developers and buyers alike reassess their plans, it is becoming increasingly difficult to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-08-2022
    Real Estate Related

  4. Canadian home prices fall 5.3% in July, biggest declines since the crash began in March

    Housing in Canadas Biggest Cities Crashed: Could Small Markets Follow? Andrew Buttonother Canadian house prices are crashing now that banks like CIBC (TSX:CM)(NYSE:CM) are raising mortgage rates.  House prices are crashing in Canada’s biggest cities. In Toronto, Vancouver, and elsewhere, prices are coming down, following decades of consistent gains. In July, house prices fell 5.3% […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-08-2022
    Real Estate Related

  5. Downtown vacancies fall to 4.7% in the first half of 2022 | CBRE

    In-person contact fuels Vancouver’s retail revival as sanctions lift Peter MithamWestern Investor Diversified neighbourhoods, such as West 4th Avenue, faring the best as retail reboots  Huge crowds returned to West Fourth Avenue, Vancouver, for the 2022 Khatsalano street party July 9.|Facebook/Khatsalano Retail vacancies in Vancouver are falling as consumers return to in-person shopping, with services […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-08-2022
    Real Estate Related

  6. RBC’s net income plummet by 17% in Q3 2022

    RBC’s Q3 profits slip Fergal McAlindenother The banking giant’s third-quarter results were down from last year and came in lower than analysts expected Royal Bank of Canada (RBC) saw its year-over-year net income in 2022’s third quarter plummet by 17% to $3.58 billion, with adjusted earnings of $2.55 per share falling well short of average […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-08-2022
    Real Estate Related

  7. National Bank of Canada’s profit for Q3 2022 down from year ago

    National Bank sees third-quarter profits drop Fergal McAlindenother The results arrive in an “increasingly complex backdrop,” says bank’s CEO National Bank of Canada’s profit for Q3 2022 came in lower than the same time last year, with net income dropping from $839 million in 2021’s third quarter to $826 million this time around. That meant […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-08-2022
    Real Estate Related

  8. A $500M mixed-use development represents the tallest residential tower in Vancouver

    62-floor One Burrard Place opens in downtown Vancouver Frank O’BrienWestern Investor Exclusive soirée marks completion of $500 million project as tallest residential tower in the city.A by-invitation-only soirée on August 17 opened One Burrard Place, a $500 million mixed-use development that represents the tallest residential tower in Vancouver and the largest city project undertaken by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-08-2022
    Real Estate Related

  9. Calgary’s industrial real estate market sees record high activity after a COVID-19 pandemic boost

    ‘Record high activity’: Calgary’s industrial real estate market blossoming in 2022 Dylan ShortThe Vancouver Sun Latest numbers show there is about 158 million square feet of vacancy in the city, representing a 1.5 per cent vacancy rate.A commercial for lease sign in the Manchester industrial area in Calgary was photographed on Wednesday, August 24, 2022. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-08-2022
    Real Estate Related

  10. $15M estimate for the Squamish Nation to build a transit hub on the Burrard Bridge

    Squamish Nation to pay $48.4M in servicing costs for Senakw towers Bob MackinWestern Investor Vancouver servicing agreement signed in May and recently released details plan for 11-tower, 6,000-unit rental project in Kitsilano  Vancouver city hall’s landmark agreement to enable construction and provide utilities to the Squamish Nation’s 11-tower condo development around the Burrard Bridge is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 23-08-2022
    Real Estate Related
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