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  1. 5.27 acres industrial parcel in Penticton sells for $12.6 Million

    Penticton 5.27 acres with mini storage sells at full price Western Investor StaffWestern Investor The industrial parcel, which includes 244 storage units and 13,000 square feet of commercial rental units, sold for $12.6 million. Green Real Estate Group, Penticton, B.C., for Western Investor   Property type: Industrial Location: 270, 290 and 360 Waterloo Avenue, Penticton, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-07-2022
    Real Estate Related

  2. Toronto home price fell 3% in June, 11% since February | TRREB

    Toronto home sales plunge 41% amid glut Ari AltstedterBloomberg  Toronto home prices dropped for a fourth straight month and sales tumbled as rising bor­row­ing costs rap­idly cool demand for prop­er­ties in Canada’s fin­an­cial cap­ital. The aver­age price of a home in the city fell three per cent in June to $1.14 mil­lion on a sea­son­ally-adjus­ted […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2022
    Real Estate Related

  3. Residential mortgage debt in Canada climbed by 9% in 2021 over the previous year | CMHC

    Residential mortgage debt continues to surge, says CMHC Residential mortgage debt in Canada climbed by 9% in 2021 over the previous year | CMHC Fergal McAlindenother The government body has published its latest report on mortgage industry trendsResidential mortgage debt in Canada climbed by 9% in 2021 over the previous year, Canada Mortgage and Housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-07-2022
    Real Estate Related

  4. Vancouver proposes huge condo-rentals-social housing development at north end of Granville Bridge

    Vancouver proposes huge housing development at north end of Granville Bridge Susan LazarukThe Vancouver Sun

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-07-2022
    Real Estate Related

  5. The median price for all housing types across Metro Vancouver fell by 13.5% to $889,000 in June

    Home sales plummet in Metro Vancouver as buyers adjust to interest rate hikes Joanne Lee-YoungThe Vancouver Sun Prospective buyers are now being forced to weigh the positive impact of falling prices against the negative impact of rising interest rates  Sales across much of Canada have slowed dramatically after the Bank of Canadas interest-rate hike forced […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-07-2022
    Real Estate Related

  6. BoC triggering a recession through interest rate hikes is “high”

    Bank of Canada rate hikes could cause recession, says economist Fergal McAlindenother Central bank “using a very blunt instrument to attempt to bring prices down”  The risk of the Bank of Canada triggering a recession through interest rate hikes is “high,” according to a prominent economist who says the central bank’s policies could be missing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-07-2022
    Real Estate Related

  7. 9,108 square feet mixed-use strata rental in New Westminster sells for $5.6 Million

    New West 20-unit mixed-use strata rental sells for $5.6 million Avison YoungWestern Investor Geordie Place includes 16 residential strata units and four commercial strata units on a corner lot in New Westminster, B.C. Avison Young, Vancouver, for Western Investor   Property type: Mixed-use strata Location: 723 12th Street, New Westminster Number of rental units: 16 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2022
    Real Estate Related

  8. 10,032 square feet industrial in Delta sells for $6.45 Million

    Delta warehouse/office sells for more than $640 per square foot Western Investor StaffWestern Investor Well-maintained complex of 10,032 square feet in Tilbury Industrial Park trades at $6.45 million William Wright Commercial, Vancouver, for Western Investor Property type: Industrial Location: 110 and 120 7858 Hoskins Street, Delta, B.C. Property size: 10,032 square feet (approx.) Sale price: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2022
    Real Estate Related

  9. Ontario Teachers’ announces completion of its acquisition of HomeEquity Bank

    Ontario Teachers’ completes HomeEquity acquisitio Fergal McAlindenother A leading company in Canada’s mortgage space is under new ownershipcompany of reverse mortgage giant HomeEquity Bank, has been completed.The acquisition, first announced last September, will see ownership of HomeEquity transfer to the pension fund from Birch Hill Equity Partners Management Inc. and other minority shareholders.It reflects Ontario […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-07-2022
    Real Estate Related

  10. New stress test level makes it harder to qualify for a mortgage in Canada

    Mortgage stress test change what’s been the impact? Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    28-06-2022
    Real Estate Related

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