Real Estate News & Articles

How real estate prices have changed in Toronto over time

2022-03-23

Toronto real estate appreciation rate and what to expect in 2022 Corben Grant The Vancouver Sun One of the significant benefits of investing in real estate is the opportunity for rapid and consistent appreciation in price. However, apprecia…

Government will act on the financialization of the housing market by the end of 2023 | Liberal-NDP

2022-03-23

Trudeau deal targets housing costs and bank profits Randy Thanthong-Knight other It may also target real estate investment trusts   Prime Minister Justin Trudeau’s power-sharing deal with an opposition party promises to tackle th…

Don't know where to start? Guidelines for a first-time home buyers

2022-03-23

Metro Vancouvers first-time homebuyers' guide The Vancouver Sun Staff The Vancouver Sun Looking to purchase your first home but don't know where to start? We curated a first-time homebuyer's guide just for you   Real-estate prices cont…

First-time home buyers guidelines to avoid confusion on hidden costs

2022-03-22

Q&A: First-time homebuyers face sticker shock from hidden costs Shawn Conner The Vancouver Sun Along with the minimum deposit, there are fees on top of fees — before, during and after the actual purchase.   Along with the min…

Home purchasing return in Quebec on it's new normal

2022-03-22

Quebec home-buying intent returns to pre-pandemic levels Micah Guiao other The new normal is also shifting consumer preferences   The coronavirus might still be around, but Quebecers are ready to move on from the pandemic with their in…

BoC raise interest rates by 50 [basis] points in April with "behind the curve" inflation

2022-03-22

BoC should introduce 0.5% April increase: Scotiabank economist Fergal McAlinden other "We think they've got some signalling to do that they take the inflation situation more seriously than their actions suggest"   A 50-basis-point incr…

Canada's housing market continue struggles for first-time home buyers

2022-03-22

First-time buyer crisis: Is it time for longer amortizations? Fergal McAlinden other The idea has been frequently touted by industry members as a possible solution to affordability challenges   As struggles for first-time home buyers c…

Anthem, Kingsett acquire 8.34 acre mixed-use site in Brentwood

2022-03-21

Anthem and KingSett team for mixed-use towers on 8.3 acres Western Investor Staff Western Investor Burnaby devel0pment includes 2,100 condos, 240 rentals and 60,000 square feet of commercial space at Brentwood Rendering of the first phase o…

StatCan Report: Sales activity reach a record high between January and February

2022-03-21

Canada house prices - why do they keep rising? Ephraim Vecina other Substantial increases have been observed for many materials New home prices climbed by 1.1% monthly in February, registering gains in 18 of 27 census metropolitan areas (CM…

Unprecedented impact on Canada's housing market during pandemic

2022-03-21

Home buying attitudes are reversing back to pre-pandemic times Michelle McNally Livabl For the last two years, the COVID-19 pandemic has had an unprecedented impact on Canada’s housing market, especially when it comes to buyer prefere…

0.15-acre lot in downtown Vernon, B.C., sold for $3 million

2022-03-19

Vacant Vernon bank building sells below assessment Western Investor Staff Western Investor Old branch building of 23,178 square feet on a 0.15-acre lot in downtown Vernon, B.C., sold for $3 million.   Type of property: Office building …

0.24-acres retail sells for $1.49 Million located in 45835 Yale Road, Chilliwack, B.C.

2022-03-19

Chilliwack commercial building on 0.24-acre lot sells for $1.49 million Western Investor Staff Western Investor The 3,150-square-foot restaurant property is on a busy street in central Chilliwack, B.C. HomeLife Advantage Realty Ltd., Chilli…

The old post office redeveloped as a mixed-use building in Downtown Vancouver

2022-03-19

Glass boxes atop heritage buildings change face of downtown John Mackie The Vancouver Sun Several projects are in the works for large additions to heritage structures   The former Canada Post building at 349 W Georgia in Vancouver is b…

Home prices continue rising as long as supply is low and demand is high | Shane Hennessy

2022-03-18

Rising home prices discouraging for potential 1st-time buyers CBC Staff CBC Radio   Parker Snow says he is finding it difficult to purchase a home, even though he and his partner work full time. (Tony Davis/CBC) Rising prices of homes …

The $1.8 billion number breaks the record of $1.4 billion set in 2005

2022-03-18

Saskatchewan forestry sector sets a new record as growth accelerates Matt Johnson Western Investor $1 billion in new capital investments lay a foundation for expansion High prices lifted Saskatchewan's forestry sector to a record $1.8 billi…

Leading to double digit price hikes beyond 2022

2022-03-18

Developers are ready, willing and eager to build Richard Lyall Canadian Real Estate Wealth Ontario’s housing crisis is real – and hurting us economically. Lack of affordable housing is costing the Greater Toronto Area up to near…

Analyst expects sales and construction to begin ramping in 2022

2022-03-18

Hotel action moves back to Metro markets as pandemic wanes Frank O' Brien Western Investor Smaller hotels and motels in B.C. outlier markets had outperformed occupancy rates of urban flags that rely on corporate and tourism trade, but times…

764 units of multi-family rental portfolio in Calgary sells for $138 Million

2022-03-18

Avenue Living buys Calgary rental portfolio for $138 million Western Investor Staff Western Investor Portfolio includes three properties with 764 rental units on a total of 28 acres Shown: Woodlands Manor, Calgary. JLL Canada, Edmonton, for…

Residential property sales hit a 26.6% spike in January | AREA

2022-03-17

Alberta housing market - whats happening in 2022? Fergal McAlinden other Housing and mortgage activity in the province has remained elevated. Will that continue?   If a slowdown of sorts was expected in the housing market after the bar…

23 projects are projected to launch this 2022

2022-03-17

Greater Vancouver could see over 4,100 new construction condo units launch in Q1-2022 Michelle McNally Livabl Greater Vancouver is on track to see more than 4,100 new construction condo apartments launch sales by the end of Q1-2022, signifi…

Expecting sales to continue steady well this 2022 as post pandemic recovery

2022-03-17

Dawson Creek real estate on fire as 2022 begins David Lueneberg Western Investor Agents seeing a surge in residents moving from Metro Vancouver to Dawson Creek looking to find work in gas patch.   Six-bedroom old-timer on 102 Avenue, D…

Rezoning and subdivisions, for some of the city-owned lands closest to the Village

2022-03-17

Coquitlam's real estate arm plans more condos around Burke Mountain Village Janis Cleugh Western Investor The city is proposing additional multifamily development around a future commercial and social hub   Coquitlam is seeking permiss…

1.45 acres industrial building sells for $20 Million located in Cloverdale Avenue in Saanich

2022-03-17

Redevelopment site in the heart of Saanich sells for just under $20 million Andrew Duffy Western Investor Saanich has identified the area surrounding the site as its municipal core Cloverdale Avenue in Saanich. GOOGLE STREET VIEW A prime si…

Avenue Living closes $138 Million portfolio sale of 764 Calgary rental apartments

2022-03-16

Calgary 764-unit,three-complex rental portfolio sells for $138 million Frank O'Brien Western Investor   Alberta real estate agents see investor uptick as oil price bounces near US$100 per barrel Avenue Living purchased 764 rental in Ca…