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  1. Metro Vancouver home sales down again in July | REBGV

    Home sales continue to slump in Metro Vancouver, Fraser Valley in July Tiffany CrawfordThe Vancouver Sun  The Real Estate Board of Greater Vancouver says only 1,887 homes were sold in July, a 43.3 per cent decrease compared with the same month last year. Metro Vancouver home sales were down again in July, according to the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-08-2022
    Real Estate Related

  2. Home buyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns | REBGV

    Home buyer demand continues to ease across Metro Vancouver REBGV StaffREBGV  Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-08-2022
    Real Estate Related

  3. Residential sale values across Toronto having fallen by 3.3%

    Economists highlight the Toronto housing market’s 2022-23 prospects Ephraim Vecinaother Some disturbing trends are already apparent, market observers warn While demand will remain robust, the Toronto housing market should brace for considerable price declines in the near future, according to a recent Toronto Star poll of economists. The price-drop trend is already apparent, with residential […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-08-2022
    Real Estate Related

  4. Victoria plans to build an 18-storey tower with 180 rental units of affordable housing

    Victoria developer donates $15 million in land for social housing Darron KlosterWestern Investor ‘Once-in-a-lifetime’ donation will help develop 180 affordable homes by 2027  Developers behind plans for a large mixed-used community on the Roundhouse lands in Greater Victoria, B.C., have donated a $15-million site in Vic West to the Greater Victoria Housing Society, which plans […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-08-2022
    Real Estate Related

  5. The 5 most affordable place to live in B.C. in 2022

    Five B.C. towns where you can buy a home for $500,000 Shawn ConnerThe Vancouver Sun Here are five contenders based on supply, variety and a price tag hovering around $500k.  The City of Nanaimo is situated on the east coast of Vancouver Island, the namesake of the famous dessert bar and birthplace of Diana Krall. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-08-2022
    Real Estate Related

  6. BoC raises its interest rates to 2.5% since 1998

    Bank of Canada Posts Largest Rate Hike in More Than 20 Years CREA StaffBCREA  The Bank of Canada recently hiked its target for the overnight lending rate to 2.5%, the largest rate increase since August 27, 1998. With inflation persistently coming in (and expected to remain) above the Bank’s expectations, it raised rates by 100 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    30-07-2022
    Real Estate Related

  7. B.C. announces 3-day cooling period to allow buyers to conduct due diligence on the property

    Has BC’s cooling-off legislation arrived at the wrong time? Fergal McAlindenother Homebuying activity is expected to moderate further before the measure’s introduction  British Columbia’s latest steps to enhance consumer protection in the homebuying process saw the province announce a three-day cooling-off period to allow buyers to conduct due diligence on the property. That measure, unveiled […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-07-2022
    Real Estate Related

  8. GTA average rent reaches new high in Q2 as competition heats up

    GTA residential rent surges Ephraim Vecinaother The region is seeing rapidly intensifying competition, industry board says The Greater Toronto Area’s average rent has reached a new high in Q2 amid intensified competition, according to the region’s real estate industry association. Double-digit annual increases have pushed up rents for one-bedroom units by 20.2% to $2,269. During […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    29-07-2022
    Real Estate Related

  9. 19,227 sqft multi-family sells for $7.5 Million located in 14333 104 Avenue, Surrey

    18 hotel strata units in Surrey, B.C. sell for $7.5 million Western Investor StaffMortgage Magazine ‘Extended stay’ hotel suites, meant for rentals for up to six months, cover entire floor of Guildford-area property Willam Wright Commercial, Langley, for Western Investor   Property type: Multi-family Location: 201-221 14333 104 Avenue, Surrey, B.C. Number of units: 18 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-07-2022
    Real Estate Related

  10. $7M from Feds to assist builders of the 11-storey tower to meet net zero energy and passive house standards

    Feds contribute $7 million for $81M passive house tower in Coal Harbour Mike HowellWestern Investor Vancouver MP: ‘Once completed, the fully electrical building will emit 94 per cent less GHG emissions than a standard building’  The $81-million project underway at Coal Harbour got a $7-million lift from the federal government Friday to assist the builder […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-07-2022
    Real Estate Related

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