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  1. Canada’s housing market 10% decrease in new purchases and renewals in its May data

    How Canada’s market shift is affecting purchases and renewals Fergal McAlindenother The recent cooldown is having an impact on Canadians’ attitudes toward buying, says digital mortgage platformThere’s been a marked slowdown in Canada’s housing market in recent weeks – a fact that’s reflected in the latest report from digital mortgage platform nesto, which indicated a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2022
    Real Estate Related

  2. BoC raised its rate a half point to 1.5 per cent

    Bank of Canada announces another oversized rate hike Fergal McAlindenother The central bank has now raised its benchmark rate three times in 2022The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year – as the central bank grapples […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2022
    Real Estate Related

  3. What is the best way forward for prospective home buyers as the cost to borrow climbs?

    Four Tips for Buying a Home Following Bank of Canada’s Interest Rate Increase Patti Cosgareaother Today, the Bank of Canada announced its third rate increase of the year. Interest rates have increased again by 50 basis points to 1.5%. This is in an effort to tame inflation which is at its highest in decades.  Rising […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

  4. What is the best way forward for prospective home buyers as the cost to borrow climbs?

    Four Tips for Buying a Home Following Bank of Canada’s Interest Rate Increase Patti Cosgareaother Today, the Bank of Canada announced its third rate increase of the year. Interest rates have increased again by 50 basis points to 1.5%. This is in an effort to tame inflation which is at its highest in decades.  Rising […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

  5. VGH’s fundraising charity makes $100M acquisition of Vancouver property

    VGH and UBC Hospital foundation buys Vancouver property for $100 million Joanne Lee-YoungThe Province The foundation in late March completed a deal to buy a 1.4 acre property at the 900 block of West 12th Avenue, which is right next to VGH’s main campusThe VGH and UBC Hospital Foundation’s $100 million purchase of a prime […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

  6. Central bank set to to stop at around 3% | Economist

    Analysts: Large BoC hikes will likely end sooner than later Ephraim Vecina other The increments in the central bank’s rate hikes will become narrower in the foreseeable future, analysts say  After three oversized rate hikes pegged at 0.5%, the Bank of Canada is expected to slow down the pace of its policy tightening, analysts estimated. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

  7. B.C. markets are now adjusting to a much different interest rate environment | BCREA

    Metro Vancouver suburbs take hardest home sales hit Frank O’ BrienWestern Investor Housing sales will plunge by 30 per cent in the Fraser Valley this year and prices will “flatline” by 2023, BCREA forecasts  Housing sales in the Fraser Valley will fall more than 30 per cent this year – most in the province – […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

  8. BC markets are now adjusting to a much different interest rate environment BCREA

    Metro Vancouver suburbs take hardest home sales hit Frank O BrienWestern Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

  9. BC markets are now adjusting to a much different interest rate environment BCREA

    Metro Vancouver suburbs take hardest home sales hit Frank O BrienWestern Investor

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

  10. Metro Vancouver’s office market is “the strongest in Canada”

    Burnaby office building sells for $112.5 million Frank O’BrienWestern Investor Concert’s first acquisition in Brentwood seen as the highest price paid for a B.C. office property in the past two years1795 Willingdon Avenue, Burnaby: future development site with stable income in place. | Concert CRECMetro Vancouver’s office market is “the strongest in Canada,” according to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-05-2022
    Real Estate Related

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