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  1. 0.22 acres retail site in Kelowna sells for $1.4 Million

    Kelowna 9,583-square-foot retail site sells $100,000 over list Western Investor StaffWestern Investor The free-standing downtown site on 0.22 acres with two rental units also sold for nearly $440,000 above its appraised value, at $1.4 million Re/Max Kelowna – MCL Real Estate Group, Kelowna, B.C., for Western Investor   Property type: Retail Location: 203-207 Rutland Road […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  2. Metro Vancouver office vacancies fall 7.8% during the period, down from 8.4% a year earlier

    Downtown office market stabilizing but tenants are staying nimble Peter MithamWestern Investor Flexible leases in demand as economic outlook calls for caution Downtown Vancouver office space is enjoying a stabilizing environment, says Avison Young.Chung ChowWhile the second half of 2022 has been beset by uncertainties driven by high inflation and rising interest rates, Avison Young’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  3. 3.4-acre industrial site in Coquitlam sold for $24M in Q2 2022

    Industrial leads drop in CRE transactions across Lower Mainland Western Investor StaffThe Vancouver Sun With a 34 per cent decline in property deals, total commercial real estate sales volume in the second quarter fell to $3.26 billion  A 3.4-acre industrial site in Coquitlam, B.C, sold in the second quarter 2022 for $24 million. | PC […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  4. Saskatchewan residential property sales continue to decline from last year

    Saskatchewan residential sales exceed 10-year average Jaryn VecchioWestern Investor Sale prices are increasing in many communities as listings remain low Residential property sales across Saskatchewan continue to be down from last year but that doesn’t mean the sector is struggling. According to the Saskatchewan Realtors’ Association (SRA), most communities are seeing sales numbers higher than […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  5. Average home price increase 10.8% in 2022 and sales would fall by 14.7% | CREA

    CREA slashes 2022 home sales forecast Fergal McAlindenother Prices will also fall further than previously expected, association says The Canadian Real Estate Association (CREA) has cut its forecast for home sales in 2022 and indicated lower price growth expectations amid a protracted housing market cooldown. The association said the number of properties sold via Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  6. Average home price increase 10.8% in 2022 and sales fall by 14.7% | CREA

    CREA slashes 2022 home sales forecast Fergal McAlindenother Prices will also fall further than previously expected, association says The Canadian Real Estate Association (CREA) has cut its forecast for home sales in 2022 and indicated lower price growth expectations amid a protracted housing market cooldown. The association said the number of properties sold via Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  7. Sales volumes fall 24.7% year-over-year basis, edged down just 1% from July to August

    Canada’s average home price down 3.9% in August from same month in 2021 Shantae CampbellThe Vancouver Sun Home sales, meanwhile, edged down just 1% between July and AugustA realtor’s sign outside a house for sale in Toronto. Photo by Chris Helgren/Reuters filesThe average price of homes sold in Canada in August fell 3.9 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  8. Sales volumes fall 24.7% year-over-year basis, edged down just 1% from July to August

    Canada’s average home price down 3.9% in August from same month in 2021 Shantae CampbellThe Vancouver Sun Home sales, meanwhile, edged down just 1% between July and AugustA realtor’s sign outside a house for sale in Toronto. Photo by Chris Helgren/Reuters filesThe average price of homes sold in Canada in August fell 3.9 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  9. BoC rate hike represents a huge strain on consumers

    Rate hikes hurt consumers the most, analysts say Ephraim Vecinaother Homeowners are at risk of further rate increases down the line The latest Bank of Canada rate hike represents a huge strain on consumers, financial industry players have warned. “Another 75 bps sucks significant discretionary income from the pockets of floating-rate borrowers,” analyst Robert McLister […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-09-2022
    Real Estate Related

  10. The province performed better than expected in Q1, minister says

    BC economy still strong, despite inflationary headwinds Nelson BennettWestern Investor Province’s forecasted deficit now expected to be a surplus  “The province performed better than expected” in the first quarter, says B.C. Finance Minister Selina Robinson.Province of BC As B.C.’s economy navigates uncertain waters between a pandemic and a possible global economic recession in 2023 — […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2022
    Real Estate Related

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