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  1. Housing market as sales and home values slid in May over the previous month

    B.C. home sales drop 35% as rising mortgage rates bite Stephanie HughesThe Vancouver Sun The housing correction has started’  B.C. home sales were down 35 per cent in May from a year ago. Photo by Postmedia Higher borrowing costs are continuing to weigh on British Columbia’s housing market as sales and home values slid in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-06-2022
    Real Estate Related

  2. Canada ranks ninth in hosting high-net-worth individuals with a net inflow of 1,000 millionaires in 2022

    Canada ranked among top 10 for migrating millionaires Graeme WoodWestern Investor Canada is seen as a favoured destination for millionaires on the move. Many of them are coming from countries in strife, according to a new report Vancouver, B.C. is among the popular destinations for millionaires on the move. | Chung ChowCanada is among the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-06-2022
    Real Estate Related

  3. Sunshine Coast realtor struggling with the housing crisis and a lack of rental options in B.C.

    How bad is B.C.’s housing crisis? This Sunshine Coast realtor can’t find a rental Denise Ryan The Vancouver Sun A longtime resident of the Sunshine Coast faces leaving the area as housing prices and rental rates soar  For nearly 30 years, Lori Pratt has lived on the Sunshine Coast. It’s where she raised her three […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-06-2022
    Real Estate Related

  4. B.C. remain the most affordable detached houses on the market in 2022

    Investors, homebuyers see value in manufactured homes Frank O’BrienWestern Investor While prices have increased, manufactured homes offer a low-price point, and their parks provide investors with steady returns and, lately, startling appreciation Manufactured homes in are selling quickly and for all-time high prices in Metro Vancouver and across B.C. this year but remain the most […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2022
    Real Estate Related

  5. Young people who bought homes at market top could be sacrificed by BoC

    Newest homebuyers could pay the price for Canada’s financial stability Don PittisCBC Radio People who purchased a home during the pandemic, when prices soared 50 per cent, could be vulnerable as the Bank of Canada moves to fight inflation with higher interest rates. (Don Pittis/CBC)As in previous years, reading the Bank of Canada’s annual Financial […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2022
    Real Estate Related

  6. Canadian housing affordability plummeted in Q1 2022

    Canada housing affordability is at its worst in a generation National Bank Micah Guiaoother

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2022
    Real Estate Related

  7. Burnaby approves 40-acre Willingdon Lands project

    Burnaby council rezones Willingdon Lands; new homes coming REBGV StaffREBGV At a glance (2 minute read)Burnaby city council approved rezoning of the Willingdon Lands, adding 5,239 residential units.Of these units, 4,366 will be leasehold strata, 554 will be market rental, 101 moderate rental, and 218 affordable rental.The development will also include commercial, studio, and cultural […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2022
    Real Estate Related

  8. Saskatoon will lead Canada in economic growth in 2022 | RBC

    ‘Saskaboom’ reflected in commercial real estate Peter MithamWestern Investor Only Sakatoon’s core offices are posting higher vacancies as suburban offices, industrial and multi-family properties share in Canada’s fastest-growing provincial economyThe relocation of tenants to two new office towers at River Landing in Saskatoon has raised vacancies in the city’s core.| SubmittedA surge in industrial investment […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-06-2022
    Real Estate Related

  9. Vancouver’s council made significant amendments to the long-awaited and widely debated Broadway plan

    Dan Fumano: Bike lanes, towers, renter protections Broadway plan debate drags on Dan FumanoThe Vancouver Sun

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-06-2022
    Real Estate Related

  10. 2.65 acres retail at Sherwood Park sells for $7.25 million

    Sherwood Park 29,878 sq.ft retail centre fetches $7.25 million Avison YoungWestern Investor The shopping centre covers 2.65 acres and is seen as an investment opportunity in a community near Edmonton, Alberta Property type: Retail Location: 140 Athabasca Avenue, Sherwood Park, Alberta Property size: 29.878 square feet Land size: 115,434 square feet Land size in acres: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-06-2022
    Real Estate Related

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