Real Estate News & Articles

Canada's inflation rate hit 8.1% in June

2022-08-18

Where are interest rates headed for the rest of 2022? Fergal McAlinden other The year to date has already seen its fair share of surprising news where variable and fixed rates are concerned   It may seem hard to believe, but 2022 will …

Canadian seeking detached homes have return to the market amid softer values in Q2

2022-08-18

'Softer' values for detached homes bringing buyers back into the market, RE/MAX study finds Shantae Campbell The Vancouver Sun Second-quarter home sales increased across 40% of GTA neighbourhoods   Homes in Toronto. Photo by James MacD…

Canada's housing affordability continue to decline in Q2 2022

2022-08-18

Housing affordability deteriorates to new lows Mika Pangilinan other Q2 marks "worst quarterly and annual deteriorations in 41 year s” Housing affordability across Canada continued to decline during the second quarter of the year, hit…

Canada softwood lumber and panel prices drop 11% from the previous week

2022-08-18

Lumber prices welcome "summer slowdown" with a dip Mary Or other Interestingly, the price is nearly exactly where it was in 2020 Softwood lumber and panel prices dropped in Canada on the holiday-shortened week as customers kept well-stocked…

Legal dispute over the billion-dollar development of one of Vancouver's last parcels of waterfront land

2022-08-18

Canada's high court won't hear dispute over $1B Vancouver waterfront development The Canadian Press The Vancouver Sun The feud began in 2015 when Concord argued Singapore-based billionaire Oei Hong Leong and his company, Canadian Metropolit…

Q2 detached home sales up in 40% of GTA pockets, 31% of GVA, compared to Q1

2022-08-18

Sought-After Neighbourhoods Keep Vancouver and Toronto Housing Market Hot Lydia McNutt other   Softer detached housing values prompt new round of home-buying activity in hot pockets of Greater Vancouver and Greater Toronto housing mark…

Vancouver-area housing starts and sales continue to cool

2022-08-17

Metro Vancouver housing starts down 28 per cent in July Frank O'Brien Western Investor Sharp drop from a month earlier is in step with a downturn in housing sales   Bucking a national trend, Metro Vancouver July housing starts fell 28 …

Canada's annual pace of housing starts up 1.1% in July

2022-08-16

CMHC reveals latest pace of housing starts Fergal McAlinden other Find out how residential construction fared across Canada in July Canada’s annual pace of housing starts ticked upwards in July and posted a 1.1% increase over the prev…

Canada's annual inflation rate slow to 7.6% in July 2022

2022-08-16

Canada's inflation rate slows in July Fergal McAlinden other Is the country finally starting to turn the corner on price growth? Year-over-year inflation in Canada recorded its first decline since June 2020 last month, with the national sta…

Canadian MLS systems dropped by 5.3% between June and July

2022-08-16

Canada home sales feel impact of rate hikes Ephraim Vecina other Sales numbers declined in three-quarters of all local markets last month, CREA says   Canada’s home sales decelerated for the fifth straight month in July amid the …

Canadian home sales drop for fifth consecutive month

2022-08-15

Canadian home sales fall for fifth month in a row, down 29% from last July: CREA Canadian Press The Vancouver Sun The association says sales in July fell 5.3 per cent compared with June. The Canadian Real Estate Association says home sales …

Canada house prices could a 25% drop be coming?

2022-08-12

Canadian home prices set to drop by almost 25% by end of 2023 Ephraim Vecina other

Canadians are slowly but surely making their return to downtown cores

2022-08-12

Canadians are slowly but steadily returning to the city Fergal McAlinden other Foot traffic across six major urban centres since April 2022 continues to tick upwards   Things have never been quite the same in Canadian city centres sinc…

Residential building construction price index rose by 5.3% in Q2 2022

2022-08-12

Residential construction financing: Broker on the challenges Fergal McAlinden other The sector has been impacted by rate increases – but some builders may see potential   Rate increases throughout the year to date have impacted m…

Off market with long-term tenant in place, retail sells for $2.65 million

2022-08-12

Nanaimo single-tenant retail on NNN lease sells for $2.65 million Marcus & Milllichap Western Investor Kal-Tire outlet is on Island Highway and on a long-term triple-net corporate lease. Property type: Retail Location: 6590 Island Highway N…

17.6 acres land in McCarthy Road sells for $3.4 million

2022-08-12

Lake Country 17.6-acre greenhouse operation sells for $3.4 million MLC Real Estate Group Western Investor Agricultural land has 42 greenhouses on flat acreage on Kelowna city boundary. Property type: Land Location: 9719 McCarthy Road, Lake …

4,151 square feet retail in Yale Road sells for $1.35 million

2022-08-12

Chilliwack 4,152-square-foot retail site sells for $1.35 million HomeLife Advantage Realty Ltd. Western Investor Downtown restaurant has OCP potential for up-zoning to include high-density housing. Property type: Retail Location: 46090 Yale…

The expansive vista of Howe Sound, a new community site that is steeped in BC's history

2022-08-12

Britannia Beach townhomes to celebrate location's history while welcoming future Michele Marko The Vancouver Sun Seventy-three contemporary two-bedroom/den and three-bedroom townhomes situated in the historic enclave, which will be compleme…

Future conditions could mean many recent approvals will never become completions

2022-08-11

Dan Fumano: City of Vancouver touts record housing approvals, but completions lag behind Dan Fumano The Vancouver Sun Opinion: While rental housing approvals surge, completions lag and, many fear, could soon get worse. And no one can live i…

Metro Vancouver purchase 97 hectares of land for a new regional park on Bowen Island

2022-08-10

Metro Vancouver plans new $40-million park with camping on Bowen Island Tiffany Crawford The Vancouver Sun The preliminary concept for the park includes day-use picnic areas, trails with 'impressive viewpoints,' access to the beach, and a s…

Edmonton real estate investments bounced back from a slow with a surge in commercial real estate transactions in Q2 2022

2022-08-10

Edmonton land sales surge to $159M in second quarter Frank O'Brien Western Investor Land sales have bounced back to pre-pandemic levels in Alberta’s capital   Air Products Canada headlined the Edmonton land action with a $399,627…

Cost difference to rent vs. buy in 9 GTA cities

2022-08-10

Rent or Buy? Average Monthly Rental Prices vs. Monthly Mortgage Payments in the GTA Patti Cosgarea other As interest rates continue to rise this year , many are shifting their real estate goals from buying to renting. Although, according to…

Cost difference to rent vs. buy in 9 GTA cities

2022-08-10

Rent or Buy? Average Monthly Rental Prices vs. Monthly Mortgage Payments in the GTA Patti Cosgarea other As interest rates continue to rise this year , many are shifting their real estate goals from buying to renting. Although, according to…

Andrew Lis new director of economics and data scientist specializing in real estate and urban land economics | REBGV

2022-08-10

Three questions with Andrew Lis REBGV Staff REBGV REBGV’s new Director of Economics and Data Analytics, Andrew Lis, joined REBGV in July. He's an applied economist and data scientist specializing in real estate and urban land economic…