Real Estate News & Articles

The spread Between home ownership costs and residential rents is at a record high following the COVID-19 pandemic | Benjamin Tai

2022-04-12

Skyrocketing ownership costs point to coming rise in Lower Mainland rents Peter Mitham Western Investor Residential, industrial prices have outstripped rents, meaning there's lots of room for rate growth   CIBC managing director Benjam…

39-storey mixed-use project above the South Granville under construction

2022-04-11

Dan Fumano: Will 'downtown' come to Broadway? Dan Fumano The Vancouver Sun Analysis: Some Fairview residents argue 39-storey tower belongs downtown, not in their neighbourhood across the bridge. But in city hall's view, "downtown" will be c…

14.75 acres land in Summerland sells for $3.1 Million

2022-04-09

Summerland 14.7 acres of lakeview land sells for $3.1 million Re/Max Penticton Realt Western Investor Approximately 30 to 50 houses could be built on the former Okanagan vineyard, which is not in the Agriculture Land Reserve, under one of t…

Bosa development is suing Bosa Properties over the use of its name in Canada and U.S.

2022-04-09

Bosa Development takes Bosa Properties to court over its name Tyler Orton Western Investor U.S., B.C. lawsuits allege use of Bosa name, similar branding are confusing the public   Similarities between the logos of Bluesky Properties an…

8.78-acres industrial in Okanagan sells for $4 Million

2022-04-09

Okanagan Falls industrial on 8.7 acres trades for $4 million Re/Max Penticton Realt Western Investor With easy access off Highway 97 in B.C.’s Okanagan, the parcel includes a commercial building, caretaker’s residence, and RV an…

Federal budget falls short on investments in critical infrastructure for the health and well-being of all Canadians | Chris Atchison

2022-04-08

Federal budget gives development groups little to cheer Peter Mitham Western Investor Policy trumps spending as Ottawa pares new investments   Spending commitments in the April 7 federal budget delivered by finance minister Chrystia Fr…

9 reasons why real estate agents may not succeed

2022-04-08

What percentage of real estate agents fail and why? Corben Grant REP The number of real estate agents is growing all the time as new agents begin in the field drawn by the promise of being their own boss, making their own schedule, and earn…

Abundant and diverse forms of housing supply in the country | REBGV

2022-04-07

Housing was the focus of today's federal budget REBGV Staff REBGV Today’s Federal Budget 2022 had a significant focus on housing for Canadians. Finance Minister Chrystia Freeland laid out how the government is planning to address hous…

Atmosphere project in Richmond is seeking protection from creditors

2022-04-07

Developer of downtown Richmond property seeks creditor protection Peter Mitham Western Investor April 25 court date set for a proposal to satisfy Alderbridge Way LP's largest creditor   Building permits for the Atmosphere development e…

Report: CMP's top 75 mortgage brokers this year

2022-04-06

Canadian Mortgage Professional unveils Top 75 brokers for 2022 Roxanne Libatique other The Canadian mortgage sector remained productive over this last year, with the same volume of business for many brokers across the country despite the pe…

VGH's bought this 1.4-acre site on West 12th Avenue in Vancouver for $100 million

2022-04-06

VGH's fundraising charity makes $100m acquisition of Vancouver property Chuck Chiang Western Investor Deal gives VGH & UBC Hospital Foundation an income property, moving its fundraising beyond traditional methods   VGH & UBC Ho…

Canada's average home price dipped 2.6%

2022-04-05

Toronto home prices take a dip Ari Altstedter other New listings close the gap with sales The average price of a Toronto home dipped in March as a slight cooling of activity allowed the pace of new listings to close the gap with sales, even…

New 32-storey office tower approved for downtown Vancouver

2022-04-05

Reliance begins construction of new 1166 West Pender office tower Peter Mitham Western Investor New triple-A office tower will be 344,000 square feet, more than twice the size of the existing Canada Revenue building, and feature private air…

Greater Vancouver home prices continued to soar in March | REBGV

2022-04-05

Greater Vancouver home prices up 3.6 per cent in March versus February Glen Korstorm Western Investor Year-over-year price increase in March was 20.7 per cent   The Grosvenor Pacific and Vancouver House condominium buidlings are iconic…

2022 'Your Unfair Advantage' new advertising campaign across Canada this spring

2022-04-05

Re/Max launches 'Your Unfair Advantage' advertising campaign REM Staff REM   From April to early June, Re/Max plans to saturate Canadian markets across multiple media channels with a new advertising campaign called “Your Unfair A…

Metro Vancouver rental property continue to rise as the market shifts into springtime

2022-04-04

Vancouver rental prices continue to trend upwards into April Michelle McNally Livabl     Photo:  Sergii Figurnyi / Adobe Stock The cost of a rental property in Metro Vancouver continues to rise as the market shifts into sprin…

Housing market remained elevated in March | REBGV

2022-04-04

Calmer than last spring's record pace, Metro Vancouver home buyer demand remains elevated REBGV Staff REBGV   While down from last year’s record numbers, home sale activity in Metro Vancouver’s* housing market remained elev…

Some basic organizational skills to increase productivity and decrease anxiety

2022-04-04

4 ridiculously simple ways to become more organized REM Staff REM   Most Realtors are remarkably comfortable operating in a state of constant chaos. I speak to agents all the time who seem to take great pride in their “ability&rd…

68-square-foot strata loft in the Hudson tower sold for $962,000

2022-04-02

Vancouver "iive-work" condo sells for $1,100 per square foot NAI Commercial Western Investor The 868-square-foot strata loft in the Hudson tower, on Granville Street in downtown Vancouver, sold for $962,000. Property type: Office (Live-work…

239 units of multi-family rental in Calgary sells for $159,435 per suite

2022-04-02

Calgary 239-unit walk-up rental building sells for $38 million Mainstreet Equity Corp. Calgary Western Investor All-cash deal nets well-managed property in popular Bridgeland-Riverside community. Mainstreet Equity Corp. Calgary, for Western…

68-square-foot strata loft in the Hudson tower sold for $962,000

2022-04-02

Vancouver l iive-work condo sells for $1,100 per square foot NAI Commercial Western Investor

Beedie says industrial land purchase most expensive in city history

2022-04-01

Beedie unveils plans for Kelowna airport industrial site Frank O'Brien Western Investor Burnaby developer has closed on the 14.7-acre former gravel pit and expects to attract Metro Vancouver buyers to 144,000 square feet of strata space &nb…

National home price spiked by 28% annually in January | CREA

2022-03-31

BMO: Price growth might hit a stopping point soon Ephraim Vecina other Frothy supply-demand dynamics will eventually hit the wall, analyst says   The current policy environment is likely to fulfill the conditions that could herald a cr…

Commercial Edge data report lower mainland highest sales in 2021

2022-03-31

Commercial real estate sales topped $14 billion in 2021 Western Investor Staff Western Investor Lower Mainland transactions reached the second-highest level in history – and land buys accounted for nearly half the sales volume   …