Real Estate News & Articles

391,000 sqft office building in Calgary sells for $17.25 Million

2023-01-19

Calgary Herald building sold for $17.25 million Western Investor Staff Western Investor The 391,000-square-foot building was bought by U-Haul Canada, which also purchased the Calgary Sun building in 2020. zIt will be used as a storage facil…

Sales, listings, and prices are expected to drop across all property types

2023-01-18

Edmonton real estate market predicted to slow down to pre-pandemic levels this year Katarina Szulc CBC Radio Realtors Association of Edmonton chair Melanie Boles expects sales, listings, and prices to drop which she said would even out the …

Rent is projected to rise by another 5% in 2023

2023-01-18

Average rent increased by 10.9% in 2022, report shows Shantae Campbell Financial Post

Rent is projected to rise by another 5% in 2023

2023-01-18

Average rent increased by 10.9% in 2022, report shows Shantae Campbell Financial Post Condo buildings in Liberty Village neighbourhood in Toronto. Photo by Carlos Osorio/Reuters files Canadians faced an average annual rent increase of 10.9 …

1.5 acres land assembly in Vancouver sells for $100 Million

2023-01-18

Vancouver city block sold for $100 million in medical deal Western Investor Staff Western Investor The Vancouver General Hospital (VGH) and the University of B.C Hospital Foundation closed on this full city block property across from VGH in…

Canada''s luxury real estate market cooled significantly last year, setting 2023 up for a buyer's market across much of the country as prices come down

2023-01-18

Posthaste: Luxury real estate enters buyer's market as prices come back down to reality Victoria Wells Financial Post Prices easing as sellers adjust to new realities of market, Sotheby's says Luxury real estate prices are expected to be lo…

Canada annual inflation rate falls to 6.3% in December

2023-01-17

Canada's inflation rate slows in December Fergal McAlinden CMP Annual price growth cooled in the final month of 2022 The annual rate of inflation in Canada fell to 6.3% in December, according to the national statistics agency, with gas pric…

14 acres industrial land sells for $75 Million located at 12091 88th Avenue, Surrey, B.C.

2023-01-17

Surrey 14-acre industrial site sells for $75 million Western Investor Staff Western Investor Once the site of a newspaper printing plant, the site was sold for land value and eventual development Re/Max Little Oak Realty, Surrey, B.C., for …

Housing starts in Canada fall by 5% in December

2023-01-17

Annual pace of housing starts slows in December Fergal McAlinden CMP The trend was driven by a decline in urban starts The annual pace of housing starts in December fell by 5% compared with the previous month, according to Canada’s na…

Canadian home sales increase by 1.3% in December | CREA

2023-01-16

National home sales rise in December Fergal McAlinden REBGV

Canadian home prices fell by the most on record in 2022

2023-01-16

Canada Home Prices See Record Drop as High Rates Hit Buyers Ari Altstedter Financial Post Canadian home prices fell by the most on record in 2022, as rapidly rising interest rates forced a market adjustment that may have further to go. A "S…

Home sales remain stable, "suggesting the downward adjustment to sales activity from rising interest rates and high uncertainty may be in the rear-view mirror" | CREA says

2023-01-16

Home prices fall a record 12 per cent in 2022 as homeowners grapple with rising rates Fares Alghoul other The Canadian Real Estate Association expects a further 5.9 per cent decline this year, with a rebound in 2024. The Canadian Real Estat…

Metro Vancouver's industrial vacancy rate ended 2022 unchanged at 0.2%, despite record volumes of new construction

2023-01-14

Metro Vancouver industrial market remains tight as 2023 begins Peter Mitham Western Investor No relief in sight as most space spoken for months ahead of completion Metro Vancouver industrial lease rates broke $20 per square foot over the pa…

Canadian home prices decline since the the global financial crisis in 2022

2023-01-13

'The declines already happened': Why Royal LePage thinks home prices will flatten out in 2023 Denise Paglinawan Financial Post Canadians can expect to see progressively slower price declines as the year goes on A 'for sale' sign is displaye…

0.375 acres office building in Vancouver sells for $63 Million

2023-01-13

Robson Street 0.37-acre development site sold for $63 million Western Investor Staff Western Investor Destined for higher-density redevelopment, the Robson Professional Building site in Vancouver sold for more than $12 million over assessed…

CIBC appoints new head of Canadian banking

2023-01-13

Banking giant reveals new Canada chief Fergal McAlinden CMP The executive has been tapped to replace a company veteran Canadian Imperial Bank of Canada (CIBC) has announced the appointment of Jon Hountalas as its new head of Canadian bankin…

David Eby predict the fund will protect "thousands" of renters from gouging and worse

2023-01-13

Vaughn Palmer: Premier David Eby's housing announcement a rush job that leaves many questions Vaughn Palmer The Vancouver Sun Opinion: Even government seems unable to say how many units could be acquired under $500M plan that has an overly …

Tesla Inc. slash prices dramatically Friday on several versions of its electric vehicle

2023-01-13

Tesla cuts vehicle prices in bid to boost flagging demand Tom Krisher Financial Post FILE - A Tesla sedan gets a charge at a Tesla Supercharging station in Cranberry, Pa, Wednesday, Nov. 16, 2022. With its sales slowing and its stock price …

WonderFi confirms in Jan. 12 statement that it has held discussions both as a potential acquirer and target

2023-01-13

WonderFi confirms 'preliminary' discussions about potential mergers Stephanie Hughes Financial Post One of the potential suitors is Canadian cryptocurrency exchange Coinsquare The price of bitcoin fell 67 per cent from its November 2021 pea…

Toronto's housing market was still ongoing but may be moderating, even if the market is expected to remain subdued for some time

2023-01-13

Will the Toronto housing market rebound in 2023? Fergal McAlinden CMP Declines in home prices and sales could be set to level off, suggests TRREB analyst Home sales and prices in Toronto saw a significant decline in 2022 – but there a…

Greystone Housing Impact Investors announces close the sale of two multifamily properties in Omaha, Nebr

2023-01-12

Greystone sells two multifamily properties in Omaha Candyd Mendoza CMP Investment firm sees significant gains from the transaction Greystone Housing Impact Investors, formerly America First Multifamily Investors, has announced closing the s…

3.08 acres commercial site sells for $24 Million located at Langley, B.C.

2023-01-12

Three+ acres on Langley Bypass goes for $24 million Western Investor Staff Western Investor Sale price was $1.35 million over list for commercial site with tenant in place and quick access to Trans-Canada Highway. Schreder Brothers Group - …

Smith first offer to buy Home Capital Group Inc. for CA$44, but the lender's board asked for CA$47 a share instead

2023-01-11

Billionaire haggled Home Capital price down as rates rose - report Ari Altstedter CMP He may have saved hundreds of millions… For prospective Canadian homebuyers, last year’s housing slump knocked about $72,000 off the price of…

Vancouver's Dec. home sales down 19.8% month-over-month | REBGV

2023-01-10

Sales in Metro Vancouver Slashed in Half Compared to December 2021: REBGV Daniel Crook ZOOCASA In the final month of 2022, Vancouver suffered the effects of the winter market that have been seen widely across Canada – a cooldown in sa…