Real Estate News & Articles

Sales volumes fall 24.7% year-over-year basis, edged down just 1% from July to August

2022-09-15

Canada's average home price down 3.9% in August from same month in 2021 Shantae Campbell The Vancouver Sun Home sales, meanwhile, edged down just 1% between July and August A realtor's sign outside a house for sale in Toronto. Photo by Chri…

BoC rate hike represents a huge strain on consumers

2022-09-14

Rate hikes hurt consumers the most, analysts say Ephraim Vecina other Homeowners are at risk of further rate increases down the line The latest Bank of Canada rate hike represents a huge strain on consumers, financial industry players have …

Bank of Canada announces rate hike to 3.25%

2022-09-14

Should the mortgage stress test be changed? Fergal McAlinden other Regulation continues to serve important purpose despite calls for reform, says CEO Interest rates have continued to tick resolutely upwards in 2022, a trend that’s see…

B.C. builds far fewer rental units per capita of all municipalities in Metro Vancouver

2022-09-14

New database shows rental housing completions in B.C. varies by municipality Joanne Lee Young The Vancouver Sun Website lets voters compare need against completed units in their municipality   Over the past seven years, Pitt Meadows an…

Banks announces that a three-quarter-point hike in September could be the final rate increase of the year | CIBC

2022-09-13

Bank of Canada not done on rate hikes: CIBC's Tal Fergal McAlinden other

Bank's announce that a three-quarter-point hike in September could be the final rate increase of the year | CIBC

2022-09-13

Bank of Canada "not done" on rate hikes: CIBC's Tal Fergal McAlinden other The central bank showed little sign that it’s ready to hit pause on rate jumps, says economist   The Bank of Canada’s announcement last week on its …

Household net worth saw a 6.1% quarterly decrease in Q2

2022-09-13

Real estate wealth in massive Canada crash Ephraim Vecina other Prices are plunging for homes and stocks A sharp decline in Canadians’ net worth was registered during the second quarter amid sustained volatility in financial markets a…

The province performed better than expected in Q1, minister says

2022-09-12

BC economy still strong, despite inflationary headwinds Nelson Bennett Western Investor Province’s forecasted deficit now expected to be a surplus   "The province performed better than expected" in the first quarter, says B.C. Fi…

The province expects to post a surplus of $706 million in the current fiscal year

2022-09-12

BC property transfer revenues exceed expectations despite drop Peter Mitham Western Investor Housing downturn likely to be short-lived despite headwinds Finance Minister Selina Robinson. Photo via B.C. GOVERNMENT The province expects to pos…

The perfect excuse to maintain that staycation state of mind

2022-09-11

Staycation state of mind at the Douglas Andrew McCredie The Province West Coast vibes are in the nature of this downtown hotel with hip lounge, classic steakhouse September is one of the best months here on the southwest coast of B.C., with…

Canadian banks increase prime lending rates by 75 basis points to 5.45 percent

2022-09-08

Canadian banks raise prime rates after Bank of Canada hike Denise Paglinawan other Canada's six big banks have all raised their prime rates after the Bank of Canada hiked its key rate to 3.25 per cent Wednesday. Photo by REUTERS/Mark Blinch…

Canadian banks increase prime lending rates by 75 basis points to 5.45 percent

2022-09-08

Canadian banks raise prime rates after Bank of Canada hike Denise Paglinawan other

BoC to "stop sugar coating things" and admit that we're at elevated risk for a recession

2022-09-08

Canada's recession risk running too high, says Desjardins economist Ephraim Vecina other Rate jumps point to the bank's awareness of the need to pull inflation back to sub-3% levels With its latest outsized rate hike, the Bank of Canada mus…

2 units of strata commercial in Vancouver sells in $3.34 Million

2022-09-08

Gastown Heritage street-front loft commercial sells for $3.34 million Western Investor Staff Western Investor Two showpiece retail/office strata sites at Koret Lofts, East Cordova Street, Vancouver total 2,807 square feet. Corbel Commercial…

3 commercial-industrial assembly sells for $12.6M located in 270 Waterloo Ave Penticton, BC

2022-09-08

Penticton 5.2-acre commercial-industrial assembly sells for $12.6M Western Investor Staff Western Investor Three-lot assembly includes a 244-unit mini-storage facility, three additional commercial retail units totalling 12,500 square feet, …

3 commercial-industrial assembly sells for $12.6M located in 270 Waterloo Ave Penticton, BC

2022-09-08

Penticton 5.2-acre commercial-industrial assembly sells for $12.6M Western Investor Staff Western Investor

Office building sells for $500,000 located in 340 Stafford Street, Winnipeg

2022-09-08

Winnipeg 1,600-square-foot office building sells for $500,000 Western Investor Staff Western Investor The free-standing property sold to the occupier for medical use Shindico Realty Ltd., Winnipeg, for Western Investor Property type: Office…

Few things that one can do around the home and property to get ready to sell

2022-09-08

Tips for Getting Your House Pre-Sale Ready Carrie Lysenko other   With national inflation, rising interest rates, and wide fluctuations in property prices, many buyers and sellers are sitting on the fence about when to list or make an …

Office building sells for $500,000 located in 340 Stafford Street, Winnipeg

2022-09-08

Winnipeg 1,600-square-foot office building sells for $500,000 Western Investor Staff Western Investor The free-standing property sold to the occupier for medical use Shindico Realty Ltd., Winnipeg, for Western Investor   Property type:…

A total of 2,681 home sales in August, representing a sharp 20% annual decrease

2022-09-07

Montreal housing market - continuous market slowdown underway Ephraim Vecina other The region also saw its largest volume of listings year-to-date The Montreal housing market is showing signs of continuous slowdown, building on trends seen …

Central bank's move is its first three-quarter-basis-point jump of 2022

2022-09-07

Bank of Canada announces another big rate hike Fergal McAlinden other The central bank continues to take aggressive action on inflation   The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in…

Central banks move is its first threequarterbasispoint jump of 2022

2022-09-07

Bank of Canada announces another big rate hike Fergal McAlinden other

Residential property sales in Metro Vancouver

2022-09-07

Metro Vancouvers housing market sees fewer home buyers and sellers in August REBGV Staff REBGV   Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity. The Real …

Bank of Canada hikes interest rates by another 75 basis points

2022-09-07

Bank of Canada Announces Fifth but Not Final Interest Rate Increase for 2022 Patti Cosgarea other   The Bank of Canada (BoC) announced its fifth interest rate increase of the year, raising rates by another 75 basis points. This follows…