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  1. Close to 90% of Canadians will visit shopping malls in December | JLL Canada

    Brick-and-mortar retail holds the course as consumers cut spending Peter MithamWestern Investor Space constraints ensure Metro Vancouver mall resilience Shoppers have returned to Metro Vancouver’s malls, but inflation means they’re set to spend less.Rob Kruyt/Business in Vancouver Consumers are back in force at malls, but many are spending less as cost-of-living pressures bite. Close to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-12-2022
    Real Estate Related

  2. 1.8 acres development land in Burnaby sells for $145 Million

    Burnaby Metrotown 1.8-acre land assembly sells for $145 million Western Investor StaffWestern Investor The 80,000-square-foot, two-lot assembly eyed for high-density mixed-use development Sutton Group West Coast Realty, Vancouver, for Western Investor   Property type: Development land assembly Location: 4444 and 4488 Kingsway Avenue, Burnaby, B.C. Number of sites: 2 Land size: 80,000 square feet (total) Land […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-12-2022
    Real Estate Related

  3. November housing sales and price data continue downward spiral seen over the past seven months

    Vancouver home buyers settle into the driver’s seat Frank O’BrienWestern Investor   November sale and price data remains dismal, but Metro Vancouver housing market could be ripe for buyers right now, analysts say Buyers should take advantage of “stuck” Metro market, some say. | Chung Chow November housing sales and price data continued a downward […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-12-2022
    Real Estate Related

  4. 56 detached-house lots in Port Moody sells for $157.2 Million

    Port Moody 14.8-acre land assembly closes at $157.2 million Western Investor StaffWestern Investor Assembly sale composes 56 detached-house lots in Coronation Park neighbourhood proposed for high-density mixed-used development London Pacific Property Agents, Vancouver, for Western Investor   Property type: Development land assembly Location: Coronation Park neighbourhood, Port Moody, B.C.  Number of units: 56 (detached houses) […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-11-2022
    Real Estate Related

  5. Goran Bucan broker and developer Keltic closes on $150M Burnaby land deal

    Keltic closes on multimillion-dollar Burnaby land deal Frank O’BrienWestern Investor The site: A 1.8-acre land assembly in Burnaby’s Metrotown sold November 30 for more than $100 million. | Google Earth Vancouver real estate agent Goran Bucan brokered two of the biggest real estate deals in Metro Vancouver this year, including the sale of an entire […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-11-2022
    Real Estate Related

  6. Goran Bucan broker and developer Keltic closes on $150M Burnaby land deal

    Keltic closes on multimillion-dollar Burnaby land deal Frank O’BrienWestern Investor The site: A 1.8-acre land assembly in Burnaby’s Metrotown sold November 30 for more than $100 million. | Google Earth Vancouver real estate agent Goran Bucan brokered two of the biggest real estate deals in Metro Vancouver this year, including the sale of an entire […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-11-2022
    Real Estate Related

  7. Vancouver’s the top market for investment in Western Canada

    Growth-minded lenders tighten terms of new debt as costs rise Peter MithamWestern Investor Multifamily, industrial lending poised to grow in 2023 Virtually all lenders say they want to grow their real estate loan portfolios in 2023, but just a few key sectors are the focus as borrowers eye rising interest rates and development plans stall. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-11-2022
    Real Estate Related

  8. 0.165 acres retail in North Vancouver sells for $5.3 Million

    North Van 6,907 square feet of retail sells $400K over assessed value Western Investor StaffWestern Investor The modern, prime two-storey package, on 0.16 acres in Edgemont Village, traded at $5.3 million in a deal closing November 30. Macdonald Commercial, Vancouver, for Western Investor   Property type: Retail Location: 3012 Edgemont Boulevard, North Vancouver, B.C. Size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-11-2022
    Real Estate Related

  9. RBC deal to buy HSBC’s Canadian unit for $13.5 billion in cash

    RBC to purchase HSBC Bank Canada Fergal McAlindenCMP The mega deal is the largest ever reached between two domestic banks in this country Royal Bank of Canada (RBC) has struck a deal to buy HSBC’s Canadian unit for $13.5 billion in cash, the largest ever agreement between two domestic banks in Canada. The transaction is […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-11-2022
    Real Estate Related

  10. Central bank’s rate hikes have yet to manifest, Stephen Poloz says

    What will the impact of the current interest rate hikes be? Ephraim VecinaCMP Former BoC head outlines possibilities The full impact of the central bank’s rate hikes have yet to manifest, Stephen Poloz says The Bank of Canada’s interest rate hikes have yet to reveal their full impact on the financial system, and are likely […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-11-2022
    Real Estate Related

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