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  1. Home prices will drop 2.2% this year

    Revealed how much Canada home prices will fall this year Fergal McAlindenother The market cooldown is set to continue The national average home sale price will fall 2.2% in the remaining months of the year, according to a new report by RE/MAX Canada. Soaring interest rates, sky-high inflation, global economic unrest and higher mortgage costs […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-09-2022
    Real Estate Related

  2. Unprecedented demand unsustainable price increases we’ve seen across Canada

    Home prices to decrease 2.2 per cent this fall, Re/Max report forecasts Canadian PressThe Vancouver Sun The network of real estate brokers and agents said Wednesday the moderation in the market for the September-to-December period comes amid rising interest rates, record inflation and broader global and economic uncertainties.  A home for sale and sold sign […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-09-2022
    Real Estate Related

  3. Masimo pay $123M for digs adjacent to the new St. Paul’s Hospital on the False Creek Flats

    Masimo signs $123 million deal for False Creek office space Peter MithamWestern Investor Building will be home to 170 workers when it opens in 2025   California’s Masimo Corp. is buying 220 Prior Street, set to complete in 2024, for its Vancouver offices.MCM Partnership California medical device company Masimo Corp. (Nasdaq:MASI) will pay $123 million for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    27-09-2022
    Real Estate Related

  4. Canada announces it will open a manufacturing facility near Calgary that will employ 1,600 workers

    Another 1,000 jobs coming to Calgary Frank O’BrienWestern Investor Days after a 1,600-job aircraft manufacturing plant was announced, global tech firm Infosys plans to double its workforce downtown   The jobs keep coming to Calgary. Just five days after De Havilland Aircraft of Canada announced it will open a manufacturing facility near Calgary that will […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    26-09-2022
    Real Estate Related

  5. Top 10 of CREA’s list of most affordable cities to buy a house in Canada

    Ten cheapest places to buy a house in Canada Jonathan Russellother Four cities on this list are found in one province  Vancouver and Toronto are not the only white-hot housing markets that are out of reach for the average Canadian homebuyer. While the housing market is cooling slightly, buying a home remains a dream for […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    25-09-2022
    Real Estate Related

  6. Canada’s housing agency plans to revamp its forecasts to call for a price drop of as much as 15%

    Canada cuts home price outlook Ari Altstedterother The drop is expected to be deep…Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a protracted slump in real estate.Canada Mortgage & Housing Corp. said in July […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-09-2022
    Real Estate Related

  7. Canada’s homeownership rate decline 66.5% after peaking in 2011 at 69%

    Homeownership slips despite increase in household incomes Shantae Campbellother

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2022
    Real Estate Related

  8. 7.77 acres agricultural land sells for $4.1M located in 24680 Fraser Hwy, Langley, B.C.

    7.7 acres of Langley agriculture land sells for $4.1 million Western Investor StaffWestern Investor Flat Agricultural Land Reserve land with highway exposure has future potential close to golf course. Varing Marketing Group | Homelife Advantage Realty Co. Ltd., Abbotsford, B.C., for Western Investor   Type of property: Agricultural land Location: 24680 Fraser Hwy, Langley, B.C. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2022
    Real Estate Related

  9. 14,857 square feet multi family rental sells for $3.6M located in 1860 Crescent, Victoria, B.C.

    Victoria eight-unit multi-family rental sells for $3.6 million Western Investor StaffWestern Investor Well located and well-maintained apartment building, built in 1949, with stunning ocean views along desirable Crescent Road, Victoria, B.C. William Wright Commercial, Victoria, B.C. for Western Investor   Type of property; Multi-family Location: 1860 Crescent, Victoria, B.C. Number of units: 8 Property size: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-09-2022
    Real Estate Related

  10. Metro Vancouver commercial real estate sales drop by 2% in Q2

    Vancouver investment deals strong in Q2 as headwinds increase Peter MithamWestern Investor Cap rates set to rise as values reset following interest rate hikes  The 115 Place housing co-op on Cardston Court in Burnaby ranked among the largest property deals of the second quarter at $85.5 million. The two towers sold to the Community Land […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-09-2022
    Real Estate Related

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