Real Estate News & Articles

8,008 homes sold through MLS in April 2022 | GTA Realtors

2022-05-11

Spring has sprung, but Canadian home sales on ice after Bank of Canada forces rate hikes National Post Staff The Vancouver Sun Dramatic drops from Vancouver to Halifax in April after increase in mortgage rates Sales across much of Canada ha…

Industry faces limitations to meet promises for housing

2022-05-11

Housing shortcomings linked to undercounted demand, lack of construction capacity: CIBC Michelle McNally Livabl Interest rates are climbing higher, but some economists argue that an adjustment to rates won’t make much of an impact in …

16.8% year over year decline in home sales in April | Saskatchewan

2022-05-11

Is Saskatchewan set to weather the coming rates storm? Fergal McAlinden other The province's housing market appears well positioned to ride out impending rate increases   As housing markets across Canada contend with the rising interes…

Calgary housing sales set record high for the month of April | CREB

2022-05-10

Calgary home sales hit record level for second straight month Frank O'Brien Western Investor April transactions were up 6 per cent, prices rise 2 per cent year-over-year Calgary’s condo apartment benchmark price is up 8 per cent year …

Vancouver housing approvals were purpose-built-rentals or for social housing in 2021

2022-05-10

City of Vancouver approved over 8,800 new homes in 2021 Michelle McNally Livabl Last year, the City of Vancouver approved thousands of new housing units, the most approvals since the city’s 10-year housing strategy was implemented in …

Advisory group could help proposed Saskatoon downtown arena district become reality

2022-05-09

Saskatoon finalizing options for a downtown event district Peter Mitham Western Investor Plans call for relocating SaskTel Centre downtown, helping support growth in the city's core An advisory committee is finalizing options for relocating…

Blackstone targets Canadian real estate, opens office in Toronto

2022-05-09

International giant opens Toronto office as it targets Canada real estate Fergal McAlinden other The company has made a significant appointment to help propel its Canadian growth Blackstone Inc., the world’s largest alternative asset …

A 32-storey office tower begins construction in downtown Vancouver

2022-05-09

First office tower to be built post-pandemic in downtown Vancouver offers enticements Joanne Lee-Young The Vancouver Sun Each floor will have its own air circulation and filtration system that can be sealed off and controlled separately fro…

New condo prices increase amidst higher demand

2022-05-09

Low inventory, higher demand boosts Canadian new condo prices in Q1-2022 Michelle McNally Livabl The cost of buying a brand new condo apartment in Canada increased a little more during the first months of 2022 thanks to higher demand from p…

5 acres industrial land in Port Coquitlam sells for $10.6 million

2022-05-06

Port Coquitam 5-acre industrial site sells for $10.6 million Lee & Associates Ltd Western Investor Land is in the ‘Dominion Triangle’ industrial-commercial zone of the Tri-Cities and seen as ideal for industrial development Prop…

Housing trends indicate that the BOC rate tightening cycle to have significant impact | RBC

2022-05-06

RBC: Impact of BoC's 50bp hike now starkly apparent in housing market Ephraim Vecina other Some markets saw their most significant declines in activity in recent years Current housing market trends indicate that the Bank of Canada’s r…

Families priced out of Kelowna moving back to Alberta and beyond

2022-05-06

Okanagan housing prices drive exodus to Alberta and beyond Cindy White Western Investor Cheaper housing, higher wages lure families east The sunshine and beauty are assets, but high housing costs are driving some Okanagan residents back to …

2.12 acres land sells for $9.95 Million located in 3547 Skaha Lake Road, Penticton, B.C.

2022-05-06

Penticton 2.1-acre site with potential sells for $9.95 million HM Commercial Western Investor Okanagan city's history, land is across from Skaha Lake with development potential, including multi-family. HM Commercial, Kelowna, for Western In…

Multi family rental in Vancouver sold for $5.59 Million

2022-05-06

Vancouver 11-unit multi-family sells at $518,818 per door Colliers Canada Western Investor Property on a 5,495-square-foot corner lot in Fairview, close to future Broadway SkyTrain station, sold for $5.95 million. Colliers Canada, Vancouver…

Vancouver housing market gradually saw change in realestate activities

2022-05-05

Vancouver home buying activity returns to more typical levels in April Michelle McNally Livabl Home shoppers in Metro Vancouver likely saw a more normal pace to the market in April as trends “returned to more historically typical leve…

How housing supply trends keep its pace amidst population growth

2022-05-05

Housing starts struggle to keep pace with population growth Michelle McNally Livabl Although residential construction grew in Canada last year, the number of homes being created has still struggled to keep up with the rising population with…

Increasing market demand is the goal to help farmers in this industry.

2022-05-04

Cargill secures 247 acres near Regina for $38 million Western Investor Staff Western Investor Ag giant plans to build a $350 million canola crusher at Global Transportation Hub site Cargill’s plans for a huge canola crush plant at Reg…

Cold Calling steps that will help generate more profits and sales process

2022-05-04

Generate more income in 7 steps Telelisting Staff other Cold calling is an essential part of the sales process. Real estate cold calling is more than picking up the phone and dialing a random number. Here are the 7 steps to cold calling tha…

REBGV latest data showed a total of 3,232 sales last April

2022-05-04

How is activity in the Greater Vancouver region shaping up? Ephraim Vecina other Housing industry association reveals the latest in the market Home sales in Greater Vancouver returned to more “historically typical” levels in Apr…

Housing Market total sales in April fallen to 27% compared to March

2022-05-04

Toronto home sales plummet 27% in April Fergal McAlinden other The city's home price index also posted its first monthly decline since 2020 Sales in Toronto’s housing market dropped 27% in April compared with the previous month and po…

A developer paid $10.6M for one of the last big empty land parcels in Port Coquitlam

2022-05-04

Strata industrial planned as Port Coquitlam site sells for $10.65 million Diane Strandberg Western Investor A five-acre property in the Dominion Triangle area of Port Coquitlam will be developed with small-bay warehouse units.   At mor…

Saskatchewan to raise minimum wage to $13 per hour in October, $15 by 2024

2022-05-04

Saskatchewan minimum wage set to soar this fall Western Investor Staff Western Investor Saskatchewan's minimum wage will rise 10 per cent to $13 per hour on Oct. 1.   Saskatchewan's Labour Relations and Workplace Safety Minister Don Mo…

Metro Vancouver home sales ease down from the record-breaking pace of the last year | Daniel John

2022-05-04

Metro Vancouver home sales plunge 34 per cent from last year Western Investor Staff Western Investor   April sales also down 25.6 per cent from March as month-over-month prices increases stall at a lofty high House on East 40 Street, V…

Vancouver small business owners difficulty in coming back to it's spotlight

2022-05-04

Optical store's struggles bring Vancouver small-business challenges into focus Glen Korstom Western Investor Vandalism, red tape, inflation, online competition among hurdles facing local entrepreneurs Vandals have broken windows at Azra Kam…