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  1. Alternative mortgage lending on rise, say brokers

    Interest in mortgages from credit unions, private lenders up as rates rise: Brokers Tara DeschampsCBC Radio  A for sale sign is seen in front of a Montreal home, Tuesday, March 17, 2015. The Bank of Montreal is cutting its posted five-year fixed mortgage rate, a move that experts say could spur other banks to slash […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    24-05-2022
    Real Estate Related

  2. Vancouver votes to change building codes to tackle climate crisis

    Vancouver makes significant changes to building bylaws to address climate crisis Tiffany CrawfordThe Vancouver Sun Among the changes are that all new multi-family buildings will require cooling systems by 2025 and air filtration to protect residents from intense heat waves and fire smoke pollution. Vancouver council has voted to make significant changes to building bylaws […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-05-2022
    Real Estate Related

  3. $1.4 Billion in capital spending to build Saskatchewan

    Work underway on capital projects across Saskatchewan Western Investor StaffWestern Investor Province has pledged to spend $30 billion on infrastructure by 2030 Upgrades to Yorkton Regional High School are among $1.4 billion in capital spending Saskatchewan is funding this year.Good Spirit School Division Crews across Saskatchewan are mobilizing as the province moves forward with $1.4 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-05-2022
    Real Estate Related

  4. 26-unit multi-family rental in Vancouver sold for $18.6 Million

    Cardero Street rental apartment building sells at $715,300 per door CBRE National Apartment GroupWestern Investor The 26-unit multi-family building, concrete-built with ocean views in Vancouver’s West End, sold for $18.6 million. CBRE National Apartment Group, Vancouver, for Western Investor (Google street view)   Property type: Multi-family rental Location: 1265 Cardero Street, Vancouver Number of units: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-05-2022
    Real Estate Related

  5. 7.78 acres manufactured home park in Kootenay sells for $ 3.6 Million

    Kootenay manufactured home park sells $600,000 over assessment Re/Max Penticton RealtyWestern Investor The 48-pad adult-oriented park, on city services in a prime location in Castlegar, B.C., sold $100K over list price and well above assessment, at $3.6 million Re/Max Penticton Realty, Penticton, B.C., for Western Investor Type pf property: Manufactured home park Location: 1545 Columbia […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-05-2022
    Real Estate Related

  6. Canadian inflation hits a new three-decade high with pressure to raise interest rates intensifying

    Inflation hits a new high in Canada Fergal McAlindenother April marked another unwanted record for the country’s Consumer Price IndexThe inflation rate in Canada hit its highest level for 31 years in April, with the Consumer Price Index rising by 6.8% compared with the same time last year.New figures from Statistics Canada showed that rate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2022
    Real Estate Related

  7. Home prices across the country will plummet 24% by the middle of 2024

    Is Canada’s housing market about to crash? Fergal McAlindenother Some observers are sounding the alarm while others remain calm  It’s a question on the mind of many mortgage and real estate professionals across the country as interest rates rise and sales activity moderates: Just how cool is Canada’s housing market going to get? There’s been […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2022
    Real Estate Related

  8. Majority of people agree that there is a home shortage and more housing should be built

    More than 70% of GTA residents support building new homes and roads: BILD Michelle McNally Livabl Creating more residences and infrastructure in the Greater Toronto Area has been a central theme of the affordable housing conversation. New research shows that the majority of people who live in the GTA agree that there is an underlying […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2022
    Real Estate Related

  9. Deal leased 548,000 square feet in APEX Business Park to MTE Logistix

    MTE takes record industrial lease in Edmonton spec build Western Investor StaffWestern Investor Developed on speculation, Apex Business Park was fully leased before construction completed Avison Young has closed Edmonton’s largest industrial lease of 2022 thus far, at 548,000 square feet in APEX Business Park. The transaction is also one of Edmonton’s top five largest-ever […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    17-05-2022
    Real Estate Related

  10. Counsil approved 46 acres for industrial development, with price tag of $160,000 per acre

    Innisfail to sell 46 acres for industrial development Johnnie BachuskyWestern Investor Subdivision will create lots with prices starting at $160,000 per acreInnisfail town council has approved a plan to put 46 acres of new industrial land south of 37th Street out to market, with an introductory price tag of $160,000 per acre. Photo courtesy of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-05-2022
    Real Estate Related

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