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  1. Bank’s latest statements considering a 0.75% hike in July to tackle an inflation crisis

    ‘Aggressive’ BoC could be readying even larger rate hikes, says CIBC economist Fergal McAlindenother “You cannot just talk yourself to lower inflation… You have to demonstrate that you’re very serious”  The Bank of Canada could be laying the groundwork for even larger rate hikes than the 50-basis-point increases of its last two policy rate announcements, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-06-2022
    Real Estate Related

  2. Bank’s latest statements considering a 0.75% hike in July to tackle an inflation crisis

    ‘Aggressive’ BoC could be readying even larger rate hikes, says CIBC economist Fergal McAlindenother “You cannot just talk yourself to lower inflation… You have to demonstrate that you’re very serious”  The Bank of Canada could be laying the groundwork for even larger rate hikes than the 50-basis-point increases of its last two policy rate announcements, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    02-06-2022
    Real Estate Related

  3. Burnaby mega-development plans 5,000 homes, film studio

    Burnaby approves 40-acre Willingdon Lands project Frank O’BrienWestern Investor More than 5,000 homes, 17 towers, office space and a 450,000-square-foot film studio planned in First Nations-led developmentRendering shows concept of a mixed-use, contemporary Musqueam and Tsleil-Waututh urban village plus residential and commercial towers in a joint venture with Aquilini Development Group. | AquiliniBurnaby city council […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2022
    Real Estate Related

  4. Vancouver’s plenty of works ahead as it targets net-zero by 2050

    Vancouver’s net-zero building commitments lag global leaders Peter MithamWestern Investor Consistent tracking of performance is a missing piece of the net-zero equationWhile the Vancouver Convention Centre and other projects have won international recognition for their green credentials, Vancouver has plenty of work ahead as it targets net-zero status by 2050.Vancouver is middle of the pack […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2022
    Real Estate Related

  5. Greater Toronto area increase of 12% year over year in April

    Toronto condos lead GTA rental surge with 24% gain in April, report finds Denise Paglinawanother Overall rents up 12 per centDemand for downtown condo rents have skyrocketed back to pre-pandemic levels. Photo by Bloomberg filesMonthly rents in the Greater Toronto Area increased by an average of 12 per cent year over year in April and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2022
    Real Estate Related

  6. A 3-bedroom apartment in Port Moody rent up to $6,050 a month, or $5.08 square foot

    Port Moody apartment rents surge past $6,000 a month Mario BartelWestern Investor Furnished apartments in new Suter Brook building rent for as much as $6,050 a monthA typical living room in one of Onni Group’s Eve furnished apartments for rent in its Suter Brook development in Port Moody.ONNI GROUPA furnished three-bedroom apartment in Port Moody […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2022
    Real Estate Related

  7. Canada’s housing market 10% decrease in new purchases and renewals in its May data

    How Canada’s market shift is affecting purchases and renewals Fergal McAlindenother The recent cooldown is having an impact on Canadians’ attitudes toward buying, says digital mortgage platformThere’s been a marked slowdown in Canada’s housing market in recent weeks – a fact that’s reflected in the latest report from digital mortgage platform nesto, which indicated a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2022
    Real Estate Related

  8. BoC raised its rate a half point to 1.5 per cent

    Bank of Canada announces another oversized rate hike Fergal McAlindenother The central bank has now raised its benchmark rate three times in 2022The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year – as the central bank grapples […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-06-2022
    Real Estate Related

  9. What is the best way forward for prospective home buyers as the cost to borrow climbs?

    Four Tips for Buying a Home Following Bank of Canada’s Interest Rate Increase Patti Cosgareaother Today, the Bank of Canada announced its third rate increase of the year. Interest rates have increased again by 50 basis points to 1.5%. This is in an effort to tame inflation which is at its highest in decades.  Rising […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

  10. What is the best way forward for prospective home buyers as the cost to borrow climbs?

    Four Tips for Buying a Home Following Bank of Canada’s Interest Rate Increase Patti Cosgareaother Today, the Bank of Canada announced its third rate increase of the year. Interest rates have increased again by 50 basis points to 1.5%. This is in an effort to tame inflation which is at its highest in decades.  Rising […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    31-05-2022
    Real Estate Related

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