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  1. New mortgage agent and broker licensing requirements

    Private mortgages – what’s next for Ontario agents? Fergal McAlindenother Recent weeks have seen new measures aimed at raising standards for Ontario agents in the private spaceThe brokering of private mortgages by Ontario agents has been in the spotlight of late, with the province’s regulatory body overseeing broker conduct having recently introduced new educational requirements […]

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

  2. Canadas housing starts rose 8% in April compared the previous month

    Canadian housing starts rose in April CMHC Fergal McAlindenother The annual pace of new home construction in April surpassed analysts’ expectations The annual pace of new home construction in Canada was up 8% in April compared with the previous month, the country’s national housing agency has revealed.Canada Mortgage and Housing Corporation (CMHC) said the seasonally […]

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

  3. Canada’s housing market cooled off “pretty sharply” over the last 2 months

    National home sales, prices fall in April Fergal McAlindenother The news marks the latest stage in Canada’s housing market cooldownNational home sales and prices fell across Canada in April as the country’s housing market continued to cool following two years of record-breaking activity, according to the Canadian Real Estate Association (CREA).Home resales were down 12.6% […]

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

  4. National home sales drop in April, still the third-highest April sales figure

    Entering A Balanced Market Spells Relief for Many Buyers: CREA Patti Cosgareaother

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2022
    Real Estate Related

  5. Sales dropped precipitously as housing market cooled off

    Canada’s average home price slides to $746,000, sales plummet amid rising rates Stephanie HughesThe Vancouver Sun Sales fell across 80% of local markets.  Home prices across Canada appear to be slipping under the weight of rising interest rates, with the nationwide average home price falling to $746,000 in April, down 6.3 per cent from March’s […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2022
    Real Estate Related

  6. Canadian home sales dropped by 12.6% on a month-over-month basis in April

    Home sales drop in April as mortgage rates shoot higher CREA Staffother  Ottawa, ON, May 16, 2022 – Statistics  released today by the Canadian Real Estate Association (CREA) show national home sales were down in April 2022. Highlights: National home sales dropped by 12.6% on a month-over-month basis in April. Actual (not seasonally adjusted) monthly […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-05-2022
    Real Estate Related

  7. 1.47 acres commercial land in Edmonton sells for $4.2 million

    Edmonton 1.47-acre multi-family site trades at $4.2 million Re/Max Excellence CommercialWestern Investor The site in northwest Edmonton could be developed as mixed-use residential and retail, motel or multi-family property. Property type: Commercial land Location:10410 Allendale Road NW, Edmonton Land size in acres: 1.47 acres Zoning: DCI Sale price: $4.2 million Date of sale going firm: […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-05-2022
    Real Estate Related

  8. A shift away from the intense heat of Canada’s pandemic-era housing market

    As market cools, significant opportunity remains – leading broker Fergal McAlindenother A less intense market could lead to favourable conditions for many buyers and brokers alike Activity in Canada’s housing market has slowed noticeably compared with last year, if recently released April sales figures are anything to go by – but significant opportunity still exists […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    13-05-2022
    Real Estate Related

  9. 0.4 acres multi-family strata sold for $100,000 above the list price

    Nanaimo 27-unit multi-family building sells for $6.2 million Macdonald Commercial Real Estate Services Ltd.Western Investor Strata-titled apartment property on 0.4 acres sold for $100,000 above the list price Macdonald Commercial Real Estate Services Ltd., Vancouver, for Western Investor Property type: Multi-family strataLocation: 116 Prideaux Street, Nanaimo, B.C.Number of units: 27Property size: 17,630 square feetLand size […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-05-2022
    Real Estate Related

  10. 2.36 acres retail centre sell for $7.27 Million located in 175 Street NW, Edmonton

    Edmonton retail centre on 2.3 acres sells for $7.27 million Re/Max Excellence CommercialWestern Investor Westgate Crossing is fully leased to seven tenants in a 39,116-square-foot mall Re/Max Excellence Commercial, Edmonton, for Western Investor Property type: RetailLocation: 10104 175 Street NW, EdmontonLeasable area: 39,116 square feetLand size in acres: 2.36 acresNumber of tenants: 7Sale price: $7.27 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-05-2022
    Real Estate Related

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