Real Estate News & Articles

Edmonton home prices remain steady, despite a dip in sales across all housing categories

2022-10-11

Edmonton Condo Values Holding Strong Despite Sales Trending Down Daniel Crook other Unlike many other Canadian cities, Edmonton home prices have remained steady through September, despite a dip in sales across all housing categories, accord…

Toronto - 5 things to watch for in Canadian Business

2022-10-09

Five things to watch for in Canadian business in the coming week The Canadian Press The Vancouver Sun The Canadian Real Estate Association is set to release September home sales figures on Friday.   An aerial view of housing in Calgary…

BoC's expected to continue hiking its trendsetting interest rate in the coming months, Hogue says

2022-10-07

Housing market correcting, not crashing: RBC economist Fergal McAlinden other Still, there's some way to go before the downturn reaches its endpoint   While home prices across Canada are projected to fall further into the early part of…

New listings in the GTA remained troubling, despite purchase activity having declined in recent months

2022-10-07

How can Toronto's housing supply crisis be solved? Fergal McAlinden other The city is facing a "critical shortage," says real estate board president   The ongoing housing market slowdown and lower demand shouldn’t distract from t…

1.072 acres light industrial in Surrey sells for $10.35 Million

2022-10-06

Surrey one-acre industrial with business sells for $10.35 million Western Investor Staff Western Investor The 8,325-square-foot building holds a profitable welding and fabrication business in Port Kells, close to Trans-Canada Highway Fraser…

1.05 acres of development land in Langley sells for $2.95 Million

2022-10-06

Langley 1.05-acre infill site sells for $2.9 million Western Investor Staff Western Investor Development site in Willoughby's Routley neighbourhood of Langley is designated residential bonus density 2, with potential for traditional and com…

1.23 acres land assembly in Vancouver sells for $23.8 Million

2022-10-06

East Vancouver 1.23-acre Trout Lake assembly sells for $23.8 million Western Investor Staff Western Investor

Toronto home sales down 10% from August, 44% from last year

2022-10-05

Toronto home sales plunge further in September Fergal McAlinden other The city's housing market slowdown is continuing September home sales in the Toronto area were down 10% from August and 44% over the same month last year, while the numbe…

Metro Vancouver homes sales drop 50% compared last earlier

2022-10-05

Metro Vancouver homes sales slide but prices stick Frank O'Brien Western Investor With more than 15,700 homes listed for sale in a slowing market, prices may face further downward pressure Sales are down, listings up and pricea are holding …

BoC's hiking interest and mortgage rates in an effort to tamp down in inflation

2022-10-04

Vancouver home sales down 46% from last Sept., 10% from August: board Canadian Press The Vancouver Sun The B.C. board says sales in the region totalled 1,687 last month, down from 3,149 the September before and 1,870 in August. Houses are s…

Not ready to buy? Here's 10 most affordable places to rent in Canada

2022-10-03

Ten most affordable places to rent in Canada in 2022 Jonathan Russell other It is important to compare average rent prices with the cost-of-living in each city   Not ready to buy? There are still plenty of great places to rent in this …

New office building sells for $123M Located in 220 Prior Street, Vancouver

2022-09-30

East Vancouver 102,000 sq.ft. office tower sells for $123 million Western Investor Staff Western Investor New building is in False Creek Flats and will complete in 2024 adjacent to the new St. Paul’s Hospital, which is now under devel…

Real estate market in Edmonton area have been on a roller coaster ride since record-breaking peaks earlier in Spring 2022

2022-09-29

Late Summer Cool Off for the Edmonton Area Real Estate Market Carrie Lysenko other   Like most of the country, the real estate market in the City of Edmonton and surrounding areas have been on a roller coaster ride since record-breakin…

Harbour Centre is the incumbent primary connectivity hub for Western Canada, Jones say

2022-09-29

Downtown heritage department store to evolve into 'hotel for computers' John Mackie The Vancouver Sun Two floors of the former David Spencer, Eaton’s and Simpsons-Sears store will be converted to the Spencer Building Carrier Hotel &nb…

Harbour Centre is the incumbent primary connectivity hub for Western Canada, Jones say

2022-09-29

Downtown heritage department store to evolve into hotel for computers John Mackie The Vancouver Sun

Canada's mortgage and housing markets continue to shift

2022-09-29

Brokerage partners on the value of good advice Fergal McAlinden other Comprehensive guidance helped borrowers absorb the shock of interest rate rises, says duo   As Canada’s mortgage and housing markets continue to shift, many bo…

19,034 sq.ft. development land in Nanaimo sells for $1.69 Million

2022-09-29

Nanaimo 0.4-acre land assembly sells for $1.69 million Western Investor Staff Western Investor The land in Vancouver Island city ‘s south end is seen as a prime for residential development. Fraser Elliott, Vancouver , for Western Inve…

Home prices will drop 2.2% this year

2022-09-28

Revealed how much Canada home prices will fall this year Fergal McAlinden other The market cooldown is set to continue The national average home sale price will fall 2.2% in the remaining months of the year, according to a new report by RE/…

Unprecedented demand unsustainable price increases we've seen across Canada

2022-09-28

Home prices to decrease 2.2 per cent this fall, Re/Max report forecasts Canadian Press The Vancouver Sun The network of real estate brokers and agents said Wednesday the moderation in the market for the September-to-December period comes am…

Masimo pay $123M for digs adjacent to the new St. Paul's Hospital on the False Creek Flats

2022-09-28

Masimo signs $123 million deal for False Creek office space Peter Mitham Western Investor Building will be home to 170 workers when it opens in 2025    California's Masimo Corp. is buying 220 Prior Street, set to complete in 2024,…

Canada announces it will open a manufacturing facility near Calgary that will employ 1,600 workers

2022-09-27

Another 1,000 jobs coming to Calgary Frank O'Brien Western Investor Days after a 1,600-job aircraft manufacturing plant was announced, global tech firm Infosys plans to double its workforce downtown   The jobs keep coming to Calgary. J…

Top 10 of CREA's list of most affordable cities to buy a house in Canada

2022-09-26

Ten cheapest places to buy a house in Canada Jonathan Russell other Four cities on this list are found in one province   Vancouver and Toronto are not the only white-hot housing markets that are out of reach for the average Canadian ho…

Canadian banks tending to pick their CEOs from among their top executives

2022-09-26

Scotiabank makes surprise choice for new CEO Kevin Orland other Big name announces plans to step down   Bank of Nova Scotia chief executive officer Brian Porter is stepping down and handing the reins to Finning International Inc. CEO S…

Canada's housing agency plans to revamp its forecasts to call for a price drop of as much as 15%

2022-09-23

Canada cuts home price outlook Ari Altstedter other The drop is expected to be deep… Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates t…