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  1. Ministry of Housing making mandatory for developers and strata corporations to make minimum contingency reserve fund payments of 10% as of Nov. 2023

    B.C. government raising payments for strata contingency reserve funds CBC StaffCBC Radio The B.C. government is ushering in changes it says will help protect owners in strata developments at risk of higher insurance costs due to neglected maintenance needs. As of Nov. 1, 2023, the minimum amount that developers and strata corporations must contribute to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-01-2023
    Real Estate Related

  2. B.C. had record spending on exploration in 2022

    B.C. saw a record $740M spent on mineral exploration in 2022 Nelson BennettWestern Investor Mineral production in B.C. totalled $18 billion last year, also a new record Teck Resources’ Highland Valley Copper mine near Logan Lake, about 50 minutes southwest of Kamloops, is the largest copper mine in Canada.KTW British Columbia had record spending on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-01-2023
    Real Estate Related

  3. B.C. had record spending on exploration in 2022

    B.C. saw a record $740M spent on mineral exploration in 2022 Nelson BennettWestern Investor Mineral production in B.C. totalled $18 billion last year, also a new record Teck Resources’ Highland Valley Copper mine near Logan Lake, about 50 minutes southwest of Kamloops, is the largest copper mine in Canada.KTW British Columbia had record spending on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    23-01-2023
    Real Estate Related

  4. Vancouver property owners can now start make their EHT property status declarations for the 2022 tax year

    Vancouver Empty Homes Tax 2022 declarations open REBGV StaffREBGV At a glance: (2 minute read) Vancouver property owners can now make their Empty Homes Tax status declaration. All owners need to make the declaration, even if they live in the home. Declarations are due by Feb 2, 2023. Vancouver property owners can now start making their […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-01-2023
    Real Estate Related

  5. Fed announces a joint investment $3M to support the development of new affordable housing in Toronto

    Toronto housing supply gets another boost from governments Ephraim VecinaCMP New housing complex to offer units for in-need Torontonians Federal and local governments have announced a joint investment of nearly $3 million to support the development of new affordable housing supply in Toronto. The custom-designed building, which is situated at 130 River Street, will be […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-01-2023
    Real Estate Related

  6. Housing market in 2022 generally outperformed expectations both in terms of sales and price growth | CREB

    How did the Calgary housing market defy national trends? Ephraim VecinaCMP Regional housing industry group highlights the market’s strengths In a stark reversal from the deceleration trends seen in most Canadian markets, the Calgary housing market registered elevated sales and double-digit price growth in 2022, according to new data from the region’s housing industry group. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-01-2023
    Real Estate Related

  7. Housing market in 2022 generally outperformed expectations both in terms of sales and price growth | CREB

    How did the Calgary housing market defy national trends? Ephraim VecinaCMP Regional housing industry group highlights the market’s strengths In a stark reversal from the deceleration trends seen in most Canadian markets, the Calgary housing market registered elevated sales and double-digit price growth in 2022, according to new data from the region’s housing industry group. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-01-2023
    Real Estate Related

  8. 391,000 sqft office building in Calgary sells for $17.25 Million

    Calgary Herald building sold for $17.25 million Western Investor StaffWestern Investor The 391,000-square-foot building was bought by U-Haul Canada, which also purchased the Calgary Sun building in 2020. zIt will be used as a storage facility and truck rentals. Cresa, Calgary, for Western Investor   Property type: Office building Location: 215, 16 Street S.W., Calgary […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2023
    Real Estate Related

  9. 3.41 acres land assembly sells for $24.42 Million located at Langley, B.C.

    22-lot Langley land assembly sells for $24.4 million Western Investor StaffWestern Investor The single-family lot assembly totals 3.4 acres and sold in late 2021 for higher-density multi-family rental development Re/Max Little Oak Realty, Surrey, B.C., for Western Investor   Property type: Land assembly Location:  5300 53 Avenue and 53A Avenue and 200 and 200A Street […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2023
    Real Estate Related

  10. Sales, listings, and prices are expected to drop across all property types

    Edmonton real estate market predicted to slow down to pre-pandemic levels this year Katarina Szulc CBC Radio Realtors Association of Edmonton chair Melanie Boles expects sales, listings, and prices to drop which she said would even out the market to 2019 and prior levels. (Sheryl Nadler/CBC) The Realtors Association of Edmonton is predicting the market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2023
    Real Estate Related

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