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  1. Atrium MIC declares $0.075 dividend for the month of June 2022

    Atrium MIC announces June 2022 dividend Ephraim Vecinaother MIC also currently offers shareholders the opportunity to automatically reinvest their dividends in new sharesAtrium Mortgage Investment Corporation has announced that its board of directors has declared a dividend for the month of June 2022 to the tune of $0.075 per common share.The dividend is scheduled to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-06-2022
    Real Estate Related

  2. A double digit drop in home sales in May

    Canada risks housing related recession if interest rate hikes get too aggressive Stephanie HughesThe Vancouver Sun

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

  3. B.C. penthouse owners sue layers for vacancy taxes in common area battles

    Vancouver penthouse owner sues strata for vacancy tax in fight over common area Joanne Lee-YoungThe Vancouver Sun Concord Pacific CEO and Erickson penthouse owner Terry Hui alleges the strata council has delayed completion of penthouse during the fight over the common area, leading to the City of Vancouver charging a vacancy taxTerry Hui has been […]

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

  4. Scarcity in the market is now one of the most challenging in the country due to pandemic

    Metro Vancouver businesses grapple with industrial market vacancy rates Joanne Lee-YoungThe Vancouver Sun They are looking out as far as two years in advance of leases expiring, and more are pre-leasing or purchasing pre-sale industrial strata units.  Construction site in Campbell Heights in Surrey on June 6, 2022. Mike Bell/PNG The vacancy rate for industrial […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-06-2022
    Real Estate Related

  5. 39% decline in May sales compared with the same time last year | TRREB

    Home sales across Canada – whats the latest? Fergal McAlindenother Still, the news indicates a “correction” rather than a crash is taking place, says prominent industry member  After the homebuying blitz of the past two years, Canada’s housing market continues to cool with major cities continuing to post declining monthly and year-over-year home sales. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-06-2022
    Real Estate Related

  6. Home sales in Vancouver calmer in May as interest rates cool market

    Finally, market for detached homes in Greater Vancouver enters balanced territory Carlito PabloThe Georgia Straight  Statistically speaking, the market for detached homes in Greater Vancouver has balanced. Based on the recent report by the real-estate board, the sales-to-active-listings ratio for single-family homes in May 2022 shifted to 18.3 percent. The general rule is that a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-06-2022
    Real Estate Related

  7. Alarming rate as hot demand for housing leads sold for redevelopment

    Push is on to hike costs for Vancouver developers wanting to convert SROs Sarah GrochowskiThe Vancouver Sun Councillor Jean Swanson is proposing a bylaw change that would bill developers more than $500,000 for each unit of social housing they convert, alter or demolish  Demolition of the Winters Hotel, destroyed during a fire April 11, was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-06-2022
    Real Estate Related

  8. Vancouver area overall dipped to $922,000 in May

    Ranking: These Metro Vancouver cities saw biggest real estate price dips due to rising interest rates Kendra MangioneThe Province A just-released report on rising interest rates is giving would-be home buyers and sellers an idea of the impact already being seen in the Vancouver area, and the results vary by city.Brokers with HouseSigma say the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-06-2022
    Real Estate Related

  9. 2.17 acres of retail strip sells for $4.23 Million located in 5401 43 Street, Bonnyville, Alberta

    Bonnyville 2.1-acre strip retail sells for $4.2 million Avison YoungWestern Investor Retail strip of 9,327 square feet, leasable, is centrally located and fully leased in Bonnyville, Alberta. Avison Young, Edmonton, for Western Investor Property type: Retail Location: 5401 43 Street, Bonnyville, Alberta Property size: 9.327 square feet (leasable). Land size: 94,525.2 square feet Land size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-06-2022
    Real Estate Related

  10. Greater Vancouver home sales down 31.6% from May of 2021, 9.7% from April of this year | REBGV

    Metro Vancouver house prices cut as sales dip, listings increase Frank O’BrienWestern Investor ‘Calming market’ in May spooks some home sellers as transactions fall, listings rise and asking prices start to slide3831 Royalmore Avenue, Richmond: detached house was listed in May at $1,798,000; on June 1 the asking price was reduced to $1,599,800. | REW.caMay […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-06-2022
    Real Estate Related

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