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  1. Top 10 of CREA’s list of most affordable cities to buy a house in Canada

    Ten cheapest places to buy a house in Canada Jonathan Russellother Four cities on this list are found in one province  Vancouver and Toronto are not the only white-hot housing markets that are out of reach for the average Canadian homebuyer. While the housing market is cooling slightly, buying a home remains a dream for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 25-09-2022
    Real Estate Related

  2. Canada’s housing agency plans to revamp its forecasts to call for a price drop of as much as 15%

    Canada cuts home price outlook Ari Altstedterother The drop is expected to be deep…Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a protracted slump in real estate.Canada Mortgage & Housing Corp. said in July […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-09-2022
    Real Estate Related

  3. Canada’s homeownership rate decline 66.5% after peaking in 2011 at 69%

    Homeownership slips despite increase in household incomes Shantae Campbellother

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-09-2022
    Real Estate Related

  4. 7.77 acres agricultural land sells for $4.1M located in 24680 Fraser Hwy, Langley, B.C.

    7.7 acres of Langley agriculture land sells for $4.1 million Western Investor StaffWestern Investor Flat Agricultural Land Reserve land with highway exposure has future potential close to golf course. Varing Marketing Group | Homelife Advantage Realty Co. Ltd., Abbotsford, B.C., for Western Investor   Type of property: Agricultural land Location: 24680 Fraser Hwy, Langley, B.C. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-09-2022
    Real Estate Related

  5. 14,857 square feet multi family rental sells for $3.6M located in 1860 Crescent, Victoria, B.C.

    Victoria eight-unit multi-family rental sells for $3.6 million Western Investor StaffWestern Investor Well located and well-maintained apartment building, built in 1949, with stunning ocean views along desirable Crescent Road, Victoria, B.C. William Wright Commercial, Victoria, B.C. for Western Investor   Type of property; Multi-family Location: 1860 Crescent, Victoria, B.C. Number of units: 8 Property size: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-09-2022
    Real Estate Related

  6. Metro Vancouver commercial real estate sales drop by 2% in Q2

    Vancouver investment deals strong in Q2 as headwinds increase Peter MithamWestern Investor Cap rates set to rise as values reset following interest rate hikes  The 115 Place housing co-op on Cardston Court in Burnaby ranked among the largest property deals of the second quarter at $85.5 million. The two towers sold to the Community Land […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-09-2022
    Real Estate Related

  7. Federal plan for reducing greenhouse gas emissions from Canadian homes face major challenges

    Net-zero home retrofits would cost up to $6.3 billion per year: study Frank O’BrienWestern Investor Study from CD Howe Institute says Ottawa would need to retrofit more than 500,000 homes per year to hit 2030 net-zero target  How a typical house needs to change to meet net-zero use of fossil fuels by 2030. | Efficiency […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 20-09-2022
    Real Estate Related

  8. BoC’s housing affordability index show that homes were now less affordable for Canadians

    How are Canadians coping with plummeting housing affordability? Fergal McAlindenother Homes are now less affordable than at any point in over three decades, research shows  Among the many challenges facing new buyers in the Canadian housing market in recent years, one of the most prominent has been affordability, and the increasing difficulty of keeping up […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-09-2022
    Real Estate Related

  9. Canada’s inflation rate fall 7% in August

    Canada’s inflation rate falls again Fergal McAlindenother Annual price growth has now declined for two consecutive months Canada’s annual inflation rate was down again in August, falling to 7% as gas prices posted a noted decline. Figures released by Statistics Canada on Tuesday showed that last month’s decrease in the inflation rate was even greater […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-09-2022
    Real Estate Related

  10. Credit unions and private lenders accounted 3.7% of Canada’s mortgage origination activity in 2021

    Whats’ behind the rise of credit unions in Canada? Fergal McAlindenother Loan originations by those lenders posted a noted increase this summerCredit unions and private lenders accounted for just 3.7% of Canada’s mortgage origination activity in 2021 – but the popularity of the former appears to be on the up.Those lender types saw their market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 19-09-2022
    Real Estate Related
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