Real Estate News & Articles

Vancouver votes to change building codes to tackle climate crisis

2022-05-21

Vancouver makes significant changes to building bylaws to address climate crisis Tiffany Crawford The Vancouver Sun Among the changes are that all new multi-family buildings will require cooling systems by 2025 and air filtration to protect…

$1.4 Billion in capital spending to build Saskatchewan

2022-05-20

Work underway on capital projects across Saskatchewan Western Investor Staff Western Investor Province has pledged to spend $30 billion on infrastructure by 2030 Upgrades to Yorkton Regional High School are among $1.4 billion in capital spe…

7.78 acres manufactured home park in Kootenay sells for $ 3.6 Million

2022-05-19

Kootenay manufactured home park sells $600,000 over assessment Re/Max Penticton Realty Western Investor The 48-pad adult-oriented park, on city services in a prime location in Castlegar, B.C., sold $100K over list price and well above asses…

26-unit multi-family rental in Vancouver sold for $18.6 Million

2022-05-19

Cardero Street rental apartment building sells at $715,300 per door CBRE National Apartment Group Western Investor The 26-unit multi-family building, concrete-built with ocean views in Vancouver’s West End, sold for $18.6 million. CBR…

Canadian inflation hits a new three-decade high with pressure to raise interest rates intensifying

2022-05-18

Inflation hits a new high in Canada Fergal McAlinden other April marked another unwanted record for the country's Consumer Price Index The inflation rate in Canada hit its highest level for 31 years in April, with the Consumer Price Index r…

Home prices across the country will plummet 24% by the middle of 2024

2022-05-17

Is Canada's housing market about to crash? Fergal McAlinden other Some observers are sounding the alarm while others remain calm   It’s a question on the mind of many mortgage and real estate professionals across the country as i…

Majority of people agree that there is a home shortage and more housing should be built

2022-05-17

More than 70% of GTA residents support building new homes and roads: BILD Michelle McNally Livabl Creating more residences and infrastructure in the Greater Toronto Area has been a central theme of the affordable housing conversation. New r…

Deal leased 548,000 square feet in APEX Business Park to MTE Logistix

2022-05-17

MTE takes record industrial lease in Edmonton spec build Western Investor Staff Western Investor Developed on speculation, Apex Business Park was fully leased before construction completed Avison Young has closed Edmonton’s largest in…

Counsil approved 46 acres for industrial development, with price tag of $160,000 per acre

2022-05-17

Innisfail to sell 46 acres for industrial development Johnnie Bachusky Western Investor Subdivision will create lots with prices starting at $160,000 per acre Innisfail town council has approved a plan to put 46 acres of new industrial land…

New mortgage agent and broker licensing requirements

2022-05-16

Private mortgages - what's next for Ontario agents? Fergal McAlinden other Recent weeks have seen new measures aimed at raising standards for Ontario agents in the private space The brokering of private mortgages by Ontario agents has been …

Canadas housing starts rose 8% in April compared the previous month

2022-05-16

Canadian housing starts rose in April CMHC Fergal McAlinden other The annual pace of new home construction in April surpassed analysts' expectations The annual pace of new home construction in Canada was up 8% in April compared with the pre…

Canada's housing market cooled off "pretty sharply" over the last 2 months

2022-05-16

National home sales, prices fall in April Fergal McAlinden other The news marks the latest stage in Canada's housing market cooldown National home sales and prices fell across Canada in April as the country’s housing market continued …

Sales dropped precipitously as housing market cooled off

2022-05-16

Canada's average home price slides to $746,000, sales plummet amid rising rates Stephanie Hughes The Vancouver Sun Sales fell across 80% of local markets.   Home prices across Canada appear to be slipping under the weight of rising int…

National home sales drop in April, still the third-highest April sales figure

2022-05-16

Entering A Balanced Market Spells Relief for Many Buyers: CREA Patti Cosgarea other   While national home sales dropped by 12.6% on a month-over-month basis in April, it was still the third-highest April sales figure, trailing closely …

Canadian home sales dropped by 12.6% on a month-over-month basis in April

2022-05-16

Home sales drop in April as mortgage rates shoot higher CREA Staff other   Ottawa, ON, May 16, 2022 – Statistics  released today by the Canadian Real Estate Association (CREA) show national home sales were down in April 2022…

1.47 acres commercial land in Edmonton sells for $4.2 million

2022-05-13

Edmonton 1.47-acre multi-family site trades at $4.2 million Re/Max Excellence Commercial Western Investor The site in northwest Edmonton could be developed as mixed-use residential and retail, motel or multi-family property. Property type: …

A shift away from the intense heat of Canada's pandemic-era housing market

2022-05-13

As market cools, significant opportunity remains - leading broker Fergal McAlinden other A less intense market could lead to favourable conditions for many buyers and brokers alike Activity in Canada’s housing market has slowed notice…

Manitoba mineral development fund has approved $1M to support exploration in Q1 of 2022

2022-05-13

Manitoba invests more than $1 million in mineral exploration Ian Graham Western Investor Retaining workers, attracting investment are key challenges for the mining sector, says the province's economic development minister Junior mining comp…

2.36 acres retail centre sell for $7.27 Million located in 175 Street NW, Edmonton

2022-05-13

Edmonton retail centre on 2.3 acres sells for $7.27 million Re/Max Excellence Commercial Western Investor Westgate Crossing is fully leased to seven tenants in a 39,116-square-foot mall Re/Max Excellence Commercial, Edmonton, for Western In…

0.4 acres multi-family strata sold for $100,000 above the list price

2022-05-13

Nanaimo 27-unit multi-family building sells for $6.2 million Macdonald Commercial Real Estate Services Ltd. Western Investor Strata-titled apartment property on 0.4 acres sold for $100,000 above the list price Macdonald Commercial Real Esta…

Winnipeg's industrial availability in Q1 was 2.8% on an inventory of 77.7 million square feet

2022-05-13

Winnipeg industrial builders ramp up to meet i'nsatiable demand' Peter Mitham Western Investor Hopewell plans to develop nearly 300,000 square feet in two spec buildings Strong demand has prompted MMI to proceed with the second phase of Ste…

City of Humboldt to submit grant application for Humboldt Broncos Tribute Centre

2022-05-12

Humboldt seeks funding for $35 million arena expansion Lara Fominoff Western Investor Tribute centre, second ice surface and community uses are planned An artist's rendering shows the proposed expansion to the Elgar Petersen Arena.Submitted…

Raising rates put B.C. housing "a path to normalizing" as prices and sales slide in April

2022-05-12

Real estate association says higher interest rates pushing B.C. home sales back toward normal The Canadian Press CBC Radio   April numbers from the B.C. Real Estate Association show a decreases in home sales of 34.9 per cent from the r…

34.9 percent decrease from the provincial sales record set in April 2021

2022-05-12

Higher interest rates put B.C. housing demand 'on a path to normalizing': BCREA Michelle McNally Livabl Although a lack of supply is keeping market conditions tight, home sales in British Columbia trended lower during April thanks to rising…