Real Estate News & Articles

240,000-square-foot distribution centre in Richmond expected to open in spring 2024

2022-06-22

Coca-Cola Bottling to open $18 million distribution hub in Richmond Glen Korstrom Western Investor Coca-Cola Canada Bottling Ltd.'s new B.C. investments also includes a $24 million bottling line New 240,000-square-foot distribution centre a…

Canada inflation rate hits 7.7% in May

2022-06-22

Canadian inflation hits 39-year high Fergal McAlinden other Surges in price growth show no signs of slowing down Canadian inflation hit a new landmark high in May, accelerating at a yearly pace of 7.7% and reaching its highest rate since 19…

April's federal budget contained a flurry of measures aimed at tackling Canada's housing crisis

2022-06-21

Wealth vs. affordability: Time for a frank discussion on Canada's housing market? Fergal McAlinden other A recalibration of the country's aims for the market could be required, argues founder F or would-be homebuyers who have found themselv…

Prices continued to trend upward thanks to higher building costs

2022-06-21

New home prices rise in May as resale market reports signs of cooling Michelle McNally Livabl While Canada’s resale home market indicated a cooldown in May, new construction property prices continued to trend upward thanks to higher b…

Homes sales are dropping fast and housing projects are being cancelled

2022-06-21

Douglas Todd: Canada's housing market has turned on its head. Five things to know. Douglas Todd The Vancouver Sun Analysis: A 'fear of missing out' has given way to 'a fear of getting screwed,' says one mortgage broker.   Row of modern…

Amenity contributions are a "double-edged sword" that create "a big revenue stream | Alex Boston

2022-06-21

Douglas Todd: Vancouver is selling increased density to pay for more amenities. Is it worth it? Douglas Todd The Vancouver Sun Opinion: Developers' contributions to infrastructure are a “double-edged sword” that lead to too much…

Demand for industrial strata developments continued including Tri-Cities

2022-06-21

Coquitlam 3.4 acres of industrial sells $6.4 million above assessed value Frank O' Brien Western Investor Near Coquitlam Town Centre, the land is meant to develop into 100,000 square feet of strata industrial space in a joint-venture play P…

Canadian inflation rate reach four-decade high of 7.3% in May

2022-06-20

Canada inflation rate could reach four-decade high Ephraim Vecina other This could force the Bank of Canada into implementing even larger interest rate jumps Canadian inflation is likely to reach its fastest pace since 1983, with a Bloomber…

GTA home sales decline monthly and annual basis in May | TRREB

2022-06-20

Toronto housing market is balance gradually returning? Ephraim Vecina other

Canadian home sales down in April as mortgage rates rise

2022-06-20

Canada housing crash - what could make it happen? Jonathan Russell other Plus: How to navigate home appraisals during Canada's volatile housing market   Is Canada’s housing crash imminent? Mortgage experts are saying—not so…

Kits social housing project faces neighbourhood opposition

2022-06-18

Kitsilano resident group rejects proposed social housing building, calls for better model Tahmina Aziz other

Kits social housing project faces neighbourhood opposition

2022-06-18

Kitsilano resident group rejects proposed social housing building, calls for better model Tahmina Aziz other   A vocal group in Kitsilano is once again rejecting plans for a social housing building in the neighbourhood. The 13-storey b…

Canadian real estate market correction is going on, but not a crash | Desjardins

2022-06-17

No need to panic about cooling housing market crash unlikely Joel Schlesinger The Vancouver Sun Desjardins Economics notes sales expected to slow in Canadian Residential Real Estate Outlook. Desjardins Economics says a Canadian real estate …

Strata office of 1,051 square feet in downtown Vancouver sells for $1.29 Million

2022-06-17

Howe Street corner office sells at full list of $1.29 million Western Investor Staff The Vancouver Sun Strata office of 1,051 square feet in downtown Vancouver sold for nearly $350,000 over assessment value. Re/Max Commercial Advantage, Van…

Average rents in Canada increase 10.5% year over year

2022-06-17

Here is how much the average apartment costs to rent in Vancouver in June 2022 Elana Sheperta Western Investor Canadian rental prices have seen the highest month-over-month increase in years. Canada has seen the biggest rental increase in J…

3 recommendations how to make home ownership more affordable in June 2022 | REBGV

2022-06-17

PTT thresholds: REBGV makes housing affordability recommendations to province REBGV Staff REBGV The Real Estate Board of Greater Vancouver (REBGV) made three recommendations on how to make home ownership more affordable during consultations…

Vancouver Real Estate: An agreement is not binding on court decisions

2022-06-17

'Alleged agreement' to buy Vancouver home not legally binding, court rules Ian Holliday other   A Vancouver man who sued the would-be buyer of his home for $600,000, claiming he was owed a deposit for that amount despite the deal falli…

11,878 square feet mixed use commercial in Surrey sells for $4.12 million

2022-06-16

Cloverdale 8,476-square-foot mixed-use centre sells for $4.12 million Re/Max Commercial Advantage Western Investor The downtown building on a 11,878 square foot lot contains eight commercial units and one residential rental in the suburban …

8.78 acres industrial site in Okanagan Falls sells for $4 million

2022-06-16

Okanagan Falls 8.7-acre industrial site sells for $4 million Re/Max Penticton Realty Western Investor Income-producing commercial/industrial property has access to Highway 97, with 6,950-square-foot commercial building, RV and boat storage …

Take a benchmark interest rate of 3% or above to tame inflation | Macklem

2022-06-16

What will influence the Bank of Canada's next rate decision? Fergal McAlinden other The central bank seems to be weighing up an even larger increase than we’ve seen this year to date   Some observers have sounded the alarm about …

National home price index fell by 0.8% on a seasonally adjusted basis in May | CREA

2022-06-16

Canada house prices - CREA reports the latest Ephraim Vecina other There has been a significant change… The national home price index fell by 0.8% to $822,900 on a seasonally adjusted basis in May, according to the latest data from t…

The 26 and 34 storey condo towers located in 20049 82nd Avenue, Langley

2022-06-16

Langley's first towers rise in billion-dollar mixed-use development Western Investor Staff Western Investor Latimer Village new condo towers nearly sold out before construction even started The first residential high rises in the Township o…

Glass suppliers hit B.C. construction sector with a 40% increase price of glass

2022-06-16

Glass price increase adds to construction cost pressures Peter Mitham Western Investor Contractors pushed to the brink as insolvencies loom Glass is a defining feature of highrise towers, and prices are poised to reach new heights in BC wit…

Canadian home sales slow again in May

2022-06-15

May home sales down 22% since last year, 9% from April Tara Deschamps The Vancouver Sun The Canadian Real Estate Association (CREA) said Wednesday that on a year-over-year and non-seasonally-adjusted basis, sales amounted to 53,720, a fall …