Real Estate News & Articles

Calgary's commercial sales into record territory during the first three months of 2022

2022-04-23

Calgary bounces back as CRE sales rise, office vacancy drops Frank O'Brien Western Investor   A combination of higher oil prices, pent-up demand and what are seen as bargain prices for property pushed Calgary’s commercial sales i…

Chemtrade launches process to sell Vancouver Real Estate through a sale-leaseback transaction

2022-04-22

North Vancouver waterfront industrial site goes to market Peter Mitham Western Investor Port authority intends to exercise its option to purchase the lands Chemtrade has announced plans for a sale-leaseback transaction of the 40 acres it ow…

New multi-use housing building in Surrey builds opportunity

2022-04-22

Massive investment in BC housing supply announced Ephraim Vecina other New housing complex provides more than 100 low-cost units Federal and provincial investments of $5 million and $25 million, respectively, have been announced for a new m…

Housing market starts to drop in 2022

2022-04-22

Vancouver housing market faces slower price growth, drop in building starts in 2022 Michelle McNally Livabl Vancouver’s housing market could see home prices gradually fall this year while challenges related to housing starts, labour s…

32 units industrial strata in Langford sells for $37 Million

2022-04-22

New Lanford industrial strata sells out during construction William Wright Commercial Western Investor Agents for the 110,000-square-foot complex pre-sold all 32 strata units in 10 months for a total of $37 million. William Wright Commercia…

CMHC says the market remain "tight enough" to drive up prices for homes

2022-04-22

Ottawa housing market to cool in 2022 but prices will rise: CMHC Josh Pringle other

Ontario home selling changes coming April 1, 2023 - no more blind bidding

2022-04-20

Ontario home selling - changes coming The Canadian Press other   The Ontario government is giving property sellers the option of disclosing the details of competing offers, but not going as far as to ban blind bidding. Minister of gove…

March definitely saw a slowdown compared to February in terms of both activity and price growth | CREA

2022-04-19

Home sales and average prices fell in March Peter Evanz CBC Radio   Both the average selling price and the number of homes sold declined in March compared to February's level, according to the Canadian Real Estate Association. (Evan Mi…

Six-acre waterfront site in the master planned Painted Ridge lakefront development

2022-04-15

Kootenays the comer in B.C.'s recreational real estate rush Peter Mitham Western Investor Invermere and the rest of the Kootenays are seeing among the strongest property price gains in Canada as big-city buyers move in from the west and the…

51-storey condo development located in Willingdon Avenue & Dawson Street, Burnaby

2022-04-15

Huge Burnaby condo development sold by troubled China Aoyuan for $215M Chris Campbell other Company was facing a cash crunch due to a debt crackdown, leading to a rare sale of a project so far into the city approval process.   A major …

0.738 acres high-rise in North Delta sells for $16 million

2022-04-15

Potential high-rise site in North Delta sells for $16 million Fraser Elliott Commercial Western Investor The 0.73-acre site in the Scott Road corridor of Delta, B.C., sold at the full asking price. Property type: Land for development Locati…

Bank of Canadas announced its biggest interest rate hike in 22 years

2022-04-14

Sharp interest rate hike erodes margins, threatens recession Peter Mitham Western Investor While commercial real estate players had expected interest rate hikes, the speed of the increase caught some off guard   Benjamin Tal of CIBC te…

New policies to create opportunities for larger kinds of development in many areas

2022-04-14

OPINION: Vancouvers Broadway Plan: opportunities and the unknown Jessica Hathaway Western Investor More than half the properties along Broadway will need to be assembled to meet the minimum frontage required for redevelopment under the plan…

Small Canadian markets to see price increases up to 20% in 2022: report

2022-04-14

Canada's small housing markets may see 20% price jump in 2022 Michelle McNally Livabl   The allure of small town living — whether it be cheaper real estate prices or peace and quiet in the outdoors — continues to draw Canad…

Small Canadian markets to see price increases up to 20% in 2022: report

2022-04-14

Canada's booming small housing markets could see up to 20% price growth in 2022 Michelle McNally Livabl     The allure of small town living — whether it be cheaper real estate prices or peace and quiet in the outdoors &mdash…

26 retail units in Surrey sells for $35 Million

2022-04-14

Surrey 5.05-acre site with holding income sells for $35 million Fraser Elliot Western Investor Scott Town Plaza has 26 retail units and is eyed as a potential development site close to transit stations Fraser Elliott, Vancouver, for Western…

B.C.'s Woodfibre LNG construction set to begin in 2023

2022-04-14

Woodfibre LNG construction is finally a go Nelson Bennett other Construction to begin in earnest in 2023 on $1.6 billion plant in Squamish   An old pulp mill site was chosen for the new $1.6 billion Woodfibre LNG plant in Squamish. | S…

0.31 acres land assembly in Vancouver sells for $11.9 Million

2022-04-14

Main Street two-lot land assembly sells for $11.9 million Goodman Commercial Inc. Western Investor 13,410 square foot corner redevelopment site at Main Street at 24th Avenue, Vancouver, is zoned for residential rentals Gammon International,…

511 square feet office strata in Broadway sells for $625,000

2022-04-14

Broadway office strata sells at $1,223 per square foot Nai Commercial Western Investor Located on West Broadway, Vancouver, the window-less 511-square-foot unit sold at full list price of $625,000. Location: 550 West Broadway, Vancouver Siz…

Why does the real estate industry need cybersecurity?

2022-04-13

Cybersecurity in the real estate industry: are you prepared? Corben Grant other With the world of business moving deeper every day into the digital realm, cybersecurity is more important for businesses now than ever. This is especially true…

BoC increased its target for the overnight rate to 1%

2022-04-13

Bank of Canada Raises Interest Rates: What it Means for Home Buyers and Sellers Daniel Crook other Today the Bank of Canada announced an increase in interest rates by 50 basis points, the second increase of the year. The move means that the…

B.C. home sales continue to moderate from record highs of this time last year

2022-04-13

B.C. reports over 11,400 homes sold in March: BCREA Michelle McNally Livabl   Last month, upwards of 11,400 homes traded hands across British Columbia, but levels have fallen from the record highs set in March 2021. In a statistic…

Bank of Canada hikes interest rate by 0.5% in inflation fight

2022-04-13

Bank of Canada raises rates .5 per cent Livabl Staff Livabl   Canada’s central bank raised its key lending rate by .5 per cent, bringing it to 1 per cent. This follows a .25 hike when it last met last month. The lending rate is i…

Cheema lands proposal rejected again by District of Squamish council

2022-04-12

Squamish council rejects bid to redesignate Cheema lands Steven Chua Western Investor Property slated for residential development remains outside growth management boundary   Cheema lands. Via District of Squamish report For the third …