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  1. OSFI implement stricter requirements for some types of loans to protect homeowners

    Canada tightens rules on riskiest mortgages Ephraim Vecinaother OSFI rules are intended to protect Canadians from systemic banking risks   The Office of the Superintendent of Financial Institutions (OSFI) has announced that it will be implementing stricter requirements for some types of loans to protect homeowners who are now wrestling with the added risks from […]

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

  2. Vancouver’s industrial market is just blistering white hot | Susan Thompson

    “White hot” market sends industrial lease rates skyward Peter MithamWestern Investor Rising interest rates could slow new industrial strata projects PC Urban and Nicola Wealth plan to build strata industrial units at 2660 Barnet Highway in Coquitlam, and Colliers said strong demand could deliver record-breaking prices.There’s little relief on the horizon for the Vancouver industrial […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  3. Downtown office vacancy rate hit 7.4% Q2 in 2022

    Tech companies drive downtown office demand in active market Tyler OrtonWestern Investor Downtown office vacancies were 7.4 per cent in the second quarter of 2022, according to Colliers dataRenting office space in downtown Vancouver is more expensive than in any other city in Canada, according to Colliers.Chung Chow/Business in VancouverBig tech companies aren’t giving Vancouver’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  4. REBGV: Land remain the strongest asset class in the region in Q1

    Real estate investment sales surge 60 per cent in first quarter Peter MithamWestern Investor Supply chain issues, geopolitical events create an uncertain outlookRising interest rates are among the headwinds commercial real estate faces this year, REBGV chair Daniel John said.REBGVStrong activity drove a dramatic increase in investment sales across Greater Vancouver in the first quarter, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  5. Canada needs 3.5 million more homes by 2030 to ensure affordability | CMHC

    CMHC: Millions of additional housing units needed to ensure affordability Ephraim Vecinaother Ongoing challenges in the construction industry could get in the way of this target As many as 3.5 million more homes than the currently outlined rate need to be built nationwide by 2030 to ensure affordability, according to the Canada Mortgage and Housing […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  6. Canadian bank stocks fall 20% from highs record

    Canadian banks sink amid recession fears Stefanie Marottaother There has been a staggering drop… Canadian banks fell about 20% from their record high set in early February as recession fears send investors fleeing.The S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, dropped Thursday, adding to another day of losses after inflation in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-06-2022
    Real Estate Related

  7. Halifax registered its largest monthly increase in new home sales

    StatCan on the national impact of Halifax housing activity Ephraim Vecina other The market is benefiting from increased migration and relative affordability Halifax housing demand is a major factor driving national home sales upward, according to Statistics Canada. In May, Halifax registered its largest monthly increase in new home sales (up by 2.4%) since February […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-06-2022
    Real Estate Related

  8. CMHC identified supply as “the biggest issue affecting housing affordability”

    Canada needs 3.5 million more homes than planned to restore affordability, says CMHC Barbara ShecterThe Vancouver Sun ‘Drastic transformation’ of housing sector called for  Homes in a neighbourhood in Toronto. Canada Mortgage and Housing Corporation says two-thirds of the housing supply gap is found in Ontario and British Columbia, provinces that have faced large declines […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-06-2022
    Real Estate Related

  9. Carbon emissions have been described as ‘the blind spot’ of the building industry | Paul Morris

    Douglas Todd: The hidden climate costs of B.C.’s burgeoning highrises, Part II Douglas ToddThe Vancouver Sun Opinion: One study showed a neighbourhood of highrise towers would create 142 per cent more carbon emissions than a Paris-like lower-rise region with the same population.  Highrises create more carbon emissions than lowrises in part because “to build tall […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-06-2022
    Real Estate Related

  10. 1.51 acres industrial property in Alaska Rd. Sells for $3.85 million

    Fort St. John industrial property sells $1.4M above assessment Nai Commercial Western Investor The 13,000-square-foot building on a 1.5-acre lot was custom built for a single tenant in Fort St. John, B.C. Property type: Industrial Location: 8316 Alaska Road, Fort St John, B.C. Number of units: 1 Size of property: 13,000 square feet Size of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-06-2022
    Real Estate Related

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