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  1. David Eby predict the fund will protect “thousands” of renters from gouging and worse

    Vaughn Palmer: Premier David Eby’s housing announcement a rush job that leaves many questions Vaughn PalmerThe Vancouver Sun Opinion: Even government seems unable to say how many units could be acquired under $500M plan that has an overly ambitious timeline Premier David Eby on the balcony of a suite at the 115 Place Housing Co-operative […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2023
    Real Estate Related

  2. 0.375 acres office building in Vancouver sells for $63 Million

    Robson Street 0.37-acre development site sold for $63 million Western Investor StaffWestern Investor Destined for higher-density redevelopment, the Robson Professional Building site in Vancouver sold for more than $12 million over assessed value. Fraser Elliott, Vancouver, for Western Investor   Property: Office building Location: 1525 Robson Street, Vancouver Size of property: 27,485 square feet Land […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2023
    Real Estate Related

  3. CIBC appoints new head of Canadian banking

    Banking giant reveals new Canada chief Fergal McAlindenCMP The executive has been tapped to replace a company veteran Canadian Imperial Bank of Canada (CIBC) has announced the appointment of Jon Hountalas as its new head of Canadian banking, replacing 14-year company veteran Laura Dottori-Attanasio.The management change will see Hountalas, who already runs CIBC’s commercial banking […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2023
    Real Estate Related

  4. Greystone Housing Impact Investors announces close the sale of two multifamily properties in Omaha, Nebr

    Greystone sells two multifamily properties in Omaha Candyd MendozaCMP Investment firm sees significant gains from the transaction Greystone Housing Impact Investors, formerly America First Multifamily Investors, has announced closing the sale of two multifamily properties located in Omaha, Nebr. The company has sold two 294-unit market rate properties – Vantage at Stone Creek and Vantage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2023
    Real Estate Related

  5. 3.08 acres commercial site sells for $24 Million located at Langley, B.C.

    Three+ acres on Langley Bypass goes for $24 million Western Investor StaffWestern Investor Sale price was $1.35 million over list for commercial site with tenant in place and quick access to Trans-Canada Highway. Schreder Brothers Group – Royal LePage Wolstencroft, Langley, B.C., for Western Investor   Property type: Land Location: 20467 Langley Bypass, Langley, B.C. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-01-2023
    Real Estate Related

  6. Smith first offer to buy Home Capital Group Inc. for CA$44, but the lender’s board asked for CA$47 a share instead

    Billionaire haggled Home Capital price down as rates rose – report Ari AltstedterCMP He may have saved hundreds of millions… For prospective Canadian homebuyers, last year’s housing slump knocked about $72,000 off the price of a typical home. For billionaire Stephen Smith, who bought one of the country’s biggest alternative home lenders, it may have […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2023
    Real Estate Related

  7. Vancouver’s Dec. home sales down 19.8% month-over-month | REBGV

    Sales in Metro Vancouver Slashed in Half Compared to December 2021: REBGV Daniel CrookZOOCASA In the final month of 2022, Vancouver suffered the effects of the winter market that have been seen widely across Canada – a cooldown in sales numbers. There were 1,295 sales in the Greater Vancouver area in December, down 19.8% month-over-month, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2023
    Real Estate Related

  8. Canada’s housing market since 2001 as affordability challenges continue to weigh on homebuying activity

    2023 to see weakest home sales levels for 22 years: TD Fergal McAlindenCMP “Even if activity does bottom in the next few months, sales levels should remain depressed”This year will likely see the weakest sales year for Canada’s housing market since 2001 as affordability challenges continue to weigh on homebuying activity, according to a new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-01-2023
    Real Estate Related

  9. Vancouver Island sees 10% to 20% increase in property valuations, according to B.C. Assessment

    Strong demand continues for industrial space on Vancouver Island Andrew DuffyWestern Investor ‘We’ve seen a strong road to recovery for industrial and commercial properties across the Vancouver Island region’ says Jodie MacLennan, deputy assessor.A new 110,000-square-foot Langford industrial complex with 32 strata units sold for $37 million in April 2022 before it was even finished. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2023
    Real Estate Related

  10. The strong headline readings raises the probability of another 25bp hike at the Jan. meeting

    How will the labour market likely influence BoC rate moves? Ephraim VecinaCMP Industry observers weigh in on the dynamics between employment and interest rates Canada’s stronger labour market performance in December might increase the odds of the central bank hiking interest rates yet again in its next meeting on January 25, according to a new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    09-01-2023
    Real Estate Related

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