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  1. 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

  2. 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

  3. 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

  4. Amenity contributions are a “double-edged sword” that create “a big revenue stream | Alex Boston

    Douglas Todd: Vancouver is selling increased density to pay for more amenities. Is it worth it? Douglas ToddThe Vancouver Sun Opinion: Developers’ contributions to infrastructure are a “double-edged sword” that lead to too much luxury housing. But they also create “a big revenue stream,” says specialist  The city of Vancouver website applauds the way property […]

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

  5. Demand for industrial strata developments continued including Tri-Cities

    Coquitlam 3.4 acres of industrial sells $6.4 million above assessed value Frank O’ BrienWestern Investor Near Coquitlam Town Centre, the land is meant to develop into 100,000 square feet of strata industrial space in a joint-venture play Price of more than $7 million per acre among highest in Metro Vancouver industrial land transactions this year. […]

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

  6. Canadian inflation rate reach four-decade high of 7.3% in May

    Canada inflation rate could reach four-decade high Ephraim Vecinaother This could force the Bank of Canada into implementing even larger interest rate jumps Canadian inflation is likely to reach its fastest pace since 1983, with a Bloomberg survey of economists pegging an average annual inflation rate of 7.3% in May.Such a level will provide ample […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-06-2022
    Real Estate Related

  7. GTA home sales decline monthly and annual basis in May | TRREB

    Toronto housing market is balance gradually returning? Ephraim Vecinaother

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-06-2022
    Real Estate Related

  8. Kits social housing project faces neighbourhood opposition

    Kitsilano resident group rejects proposed social housing building, calls for better model Tahmina Azizother

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-06-2022
    Real Estate Related

  9. Kits social housing project faces neighbourhood opposition

    Kitsilano resident group rejects proposed social housing building, calls for better model Tahmina Azizother  A vocal group in Kitsilano is once again rejecting plans for a social housing building in the neighbourhood. The 13-storey building would provide 129 social housing units to low-income people and those experiencing homelessness. Kitsilano Coalition released a statement on Thursday, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-06-2022
    Real Estate Related

  10. Canadian real estate market correction is going on, but not a crash | Desjardins

    No need to panic about cooling housing market crash unlikely Joel SchlesingerThe Vancouver Sun Desjardins Economics notes sales expected to slow in Canadian Residential Real Estate Outlook. Desjardins Economics says a Canadian real estate market correction is going on, but not a crash. Photo by Luke Hendry /PostmediaCanada’s housing market is cooling, but it’s not […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-06-2022
    Real Estate Related

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