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  1. 9,108 square feet mixed-use strata rental in New Westminster sells for $5.6 Million

    New West 20-unit mixed-use strata rental sells for $5.6 million Avison YoungWestern Investor Geordie Place includes 16 residential strata units and four commercial strata units on a corner lot in New Westminster, B.C. Avison Young, Vancouver, for Western Investor   Property type: Mixed-use strata Location: 723 12th Street, New Westminster Number of rental units: 16 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2022
    Real Estate Related

  2. 10,032 square feet industrial in Delta sells for $6.45 Million

    Delta warehouse/office sells for more than $640 per square foot Western Investor StaffWestern Investor Well-maintained complex of 10,032 square feet in Tilbury Industrial Park trades at $6.45 million William Wright Commercial, Vancouver, for Western Investor Property type: Industrial Location: 110 and 120 7858 Hoskins Street, Delta, B.C. Property size: 10,032 square feet (approx.) Sale price: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2022
    Real Estate Related

  3. Ontario Teachers’ announces completion of its acquisition of HomeEquity Bank

    Ontario Teachers’ completes HomeEquity acquisitio Fergal McAlindenother A leading company in Canada’s mortgage space is under new ownershipcompany of reverse mortgage giant HomeEquity Bank, has been completed.The acquisition, first announced last September, will see ownership of HomeEquity transfer to the pension fund from Birch Hill Equity Partners Management Inc. and other minority shareholders.It reflects Ontario […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2022
    Real Estate Related

  4. New stress test level makes it harder to qualify for a mortgage in Canada

    Mortgage stress test change what’s been the impact? Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-06-2022
    Real Estate Related

  5. OSFI implement stricter requirements for some types of loans to protect homeowners

    Canada tightens rules on riskiest mortgages Ephraim Vecinaother OSFI rules are intended to protect Canadians from systemic banking risks   The Office of the Superintendent of Financial Institutions (OSFI) has announced that it will be implementing stricter requirements for some types of loans to protect homeowners who are now wrestling with the added risks from […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-06-2022
    Real Estate Related

  6. Vancouver’s industrial market is just blistering white hot | Susan Thompson

    “White hot” market sends industrial lease rates skyward Peter MithamWestern Investor Rising interest rates could slow new industrial strata projects PC Urban and Nicola Wealth plan to build strata industrial units at 2660 Barnet Highway in Coquitlam, and Colliers said strong demand could deliver record-breaking prices.There’s little relief on the horizon for the Vancouver industrial […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  7. Downtown office vacancy rate hit 7.4% Q2 in 2022

    Tech companies drive downtown office demand in active market Tyler OrtonWestern Investor Downtown office vacancies were 7.4 per cent in the second quarter of 2022, according to Colliers dataRenting office space in downtown Vancouver is more expensive than in any other city in Canada, according to Colliers.Chung Chow/Business in VancouverBig tech companies aren’t giving Vancouver’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  8. REBGV: Land remain the strongest asset class in the region in Q1

    Real estate investment sales surge 60 per cent in first quarter Peter MithamWestern Investor Supply chain issues, geopolitical events create an uncertain outlookRising interest rates are among the headwinds commercial real estate faces this year, REBGV chair Daniel John said.REBGVStrong activity drove a dramatic increase in investment sales across Greater Vancouver in the first quarter, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  9. Canada needs 3.5 million more homes by 2030 to ensure affordability | CMHC

    CMHC: Millions of additional housing units needed to ensure affordability Ephraim Vecinaother Ongoing challenges in the construction industry could get in the way of this target As many as 3.5 million more homes than the currently outlined rate need to be built nationwide by 2030 to ensure affordability, according to the Canada Mortgage and Housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  10. Canadian bank stocks fall 20% from highs record

    Canadian banks sink amid recession fears Stefanie Marottaother There has been a staggering drop… Canadian banks fell about 20% from their record high set in early February as recession fears send investors fleeing.The S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, dropped Thursday, adding to another day of losses after inflation in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

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