Real Estate News & Articles

Canadian mortgage debt reached more than $1.6 trillion in Q2 2022 | CMHC

2022-08-26

Canada's outstanding mortgage debt now exceeds $1.6 trillion Ephraim Vecina other

80 acres of raw land sells for $3.4M located in Rosser, Manitoba

2022-08-26

80 acres of raw land near Winnipeg sells for $3.4 million Western Investor Staff Western Investor Rural land in Rosser, Manitoba, purchased by out-of-province investor for future development   Potential for development. Shindico Realty…

13.57 acres industrial land in Manitoba sells for $3.39 Million

2022-08-26

13.5 acres of industrial in Rosser, Manitoba, fetches $3.39 million Western Investor Staff Western Investor Land, about 17 kilometres from downtown Winnipeg in the rural municipality and close to CentrePort, was bought by a local trucking c…

Investor Weihong Liu spent $858M buying three B.C. retail centres

2022-08-26

Serial immigrant investor lands Tsawwassen Mills megamall Frank O'Brien Western Investor Weihong Liu, who arrived in Canada eight years ago, now owns three of the biggest shopping malls on the B.C. coast   A recent immigrant to Canada …

Higher than analysts' average projected profit for the bank of $2.04 per diluted share.

2022-08-25

TD reports Q3 financial results Fergal McAlinden other Find out how the banking giant fared in 2022’s third quarter TD Bank Group reported that its net income for the third quarter was down year over year, coming in at $3.21 billion c…

Canadian home prices fall 5.3% in July, biggest declines since the crash began in March

2022-08-25

Housing in Canadas Biggest Cities Crashed: Could Small Markets Follow? Andrew Button other Canadian house prices are crashing now that banks like CIBC (TSX:CM)(NYSE:CM) are raising mortgage rates.   House prices are crashing in Canada&…

Pre-Construction facing its own share of new changes

2022-08-25

Pre-Construction In the Age of Rising Interest Rates Corben Grant Canadian Real Estate Wealth   As markets across the country begin to cool from last year's highs, the world of preconstruction is facing its own share of new changes. As…

Downtown vacancies fall to 4.7% in the first half of 2022 | CBRE

2022-08-25

In-person contact fuels Vancouver's retail revival as sanctions lift Peter Mitham Western Investor Diversified neighbourhoods, such as West 4th Avenue, faring the best as retail reboots   Huge crowds returned to West Fourth Avenue, Van…

RBC's net income plummet by 17% in Q3 2022

2022-08-24

RBC's Q3 profits slip Fergal McAlinden other The banking giant's third-quarter results were down from last year and came in lower than analysts expected Royal Bank of Canada (RBC) saw its year-over-year net income in 2022’s third quar…

National Bank of Canada's profit for Q3 2022 down from year ago

2022-08-24

National Bank sees third-quarter profits drop Fergal McAlinden other The results arrive in an "increasingly complex backdrop," says bank's CEO National Bank of Canada’s profit for Q3 2022 came in lower than the same time last year, wi…

A $500M mixed-use development represents the tallest residential tower in Vancouver

2022-08-24

62-floor One Burrard Place opens in downtown Vancouver Frank O'Brien Western Investor Exclusive soirée marks completion of $500 million project as tallest residential tower in the city. A by-invitation-only soirée on August 17…

Calgary's industrial real estate market sees record high activity after a COVID-19 pandemic boost

2022-08-24

'Record high activity': Calgary's industrial real estate market blossoming in 2022 Dylan Short The Vancouver Sun Latest numbers show there is about 158 million square feet of vacancy in the city, representing a 1.5 per cent vacancy rate. A …

$15M estimate for the Squamish Nation to build a transit hub on the Burrard Bridge

2022-08-24

Squamish Nation to pay $48.4M in servicing costs for Senakw towers Bob Mackin Western Investor Vancouver servicing agreement signed in May and recently released details plan for 11-tower, 6,000-unit rental project in Kitsilano   Vancou…

Home buying is the top priority - especially younger millennials

2022-08-24

Millennials remain hopeful they will be homeowners: Poll Scott Laurie The Vancouver Sun “This generation of Torontonians overwhelmingly desires to be homeowners": Royal LePage   A home for sale and sold sign in Calgary, May 4, 20…

Canadas housing market is cooling as higher interest rates have curbed feverish demand

2022-08-24

Canadas millennials still bent on owning homes even if it means relocating Shantae Campbell The Vancouver Sun Urban markets remain out of reach for younger Canadians who earn too little to qualify for mortgages   Three quarters of mill…

4,026 square feet industrial lot in Vancouver sells for $2.46 million

2022-08-23

East Vancouver 4,026-square-foot industrial lot sells for $2.46 million Avison Young Western Investor Currently improved with a fully leased residential triplex, Graveley Street lot of less than a 10th of an acre has potential for 3FSR of i…

Scotiabank is the first of Canada's traditional Big Six banks to post its earnings for the final quarter

2022-08-23

Scotiabank reports Q3 earnings Fergal McAlinden other The banking giant revealed its financial results amidst turbulent economic conditions Scotiabank reported higher earnings compared with a year earlier in its Q3 financial results release…

Metro Vancouver markets saw home price declines in Q3

2022-08-23

Sunshine Coast, Squamish buck trend of lower home prices Jeremy Hainsworth Western Investor High-priced Vancouver’s West Side and West Vancouver also out-perform three-quarters of Metro markets   Detached house prices on the Suns…

4,026-square-foot industrial lot sells for $2.46M located in 1321 Graveley Street, Vancouver

2022-08-23

East Vancouver 4,026-square-foot industrial lot sells for $2.46 million Avison Young Western Investor Currently improved with a fully leased residential triplex, Graveley Street lot of less than a 10th of an acre has potential for 3FSR of i…

Here are a few possible reasons why townhouses can be hard to sell

2022-08-22

The top five reasons townhouses are hard to sell Jonathan Russell other The top five reasons townhouses are hard to sell   Townhouses are an attractive option for anyone looking to buy a home quickly, usually young families. But while …

64-unit Cottages at Southgate housing complex opens in Lethbridge, Alberta

2022-08-22

Alberta community receives substantial housing funding Ephraim Vecina other New housing complex to begin accepting residents by next month Federal and provincial officials announced a massive $15.8 million in combined funding during the gra…

City of Vancouver and community groups worked together to address the neighbourhood's challenges

2022-08-21

Eby says SROs not an acceptable answer Katie Derosa The Province Says they must be phased out, but critic charges he did nothing about that as housing minister   Hastings Tent City residents and allies prepare for a news conference ear…

Designs were announced for a 40-storey wooden building at 1745 West 8th in Vancouver

2022-08-20

Despite the hype, B.C. still has just two wooden highrises Douglas Todd The Vancouver Sun Mass-timber towers, like UBC's 18-storey Brock Commons, are called the best way to reduce the carbon emitted by concrete highrises. Why are there so f…

1.39 acres industrial land in Maple Ridge sells for $6.88 Million

2022-08-19

Maple Ridge 1.39-acre auto recycler business sells for $6.88 million Western Investor Staff Western Investor Sale of industrial land and 7,900-square-foot building said to set record price for Metro Vancouver suburban city. Royal LePage Wes…