Real Estate News & Articles

11.34 acres in industrial zone of Saanichton, B.C. sells for $36.27 Million

2022-03-04

Two self-storage facilities near Victoria sell for $36.2 million William Wright Commercial Western Investor Class B storage sites cover a total of 77,500 square feet on a combined 11.34 acres in industrial zone of Saanichton, B.C. and the r…

Central Bank statement, economies were beginning to recover despite further variants

2022-03-04

How many more Bank of Canada hikes are likely in 2022? Fergal McAlinden other The central bank made a landmark increase to its policy rate in Wednesday's announcement The Bank of Canada’s decision to hike its policy rate for the first…

Incentivize lower emission, climate strategy and performance with Vancity | Coates

2022-03-04

Green lending criteria will support low-emission buildings Peter Mitham Western Investor B.C. buildings well-positioned thanks to electrification push Vancity is offering preferential terms to developers that seek financing for buildings wi…

New zoning policies that will give advantage to the alcohol manufacturing industry

2022-03-03

West Vancouver zoning proposal encourages breweries, food processors Brent Richter Western Investor Commercial zoning change will address the district's lack of light industrial space   Commercial zoning change will address the distric…

13% growth in adjusted earnings to $3.8 billion in its Q1

2022-03-03

TD reveals Q1 financial results Fergal McAlinden other The announcement caps an eventful week for the Canadian banking giant   Toronto-Dominion Bank (TD) has made it a clean sweep for Canada’s leading banks in topping analyst exp…

Bank of Canada has raised its interest setting rate from 0.25 percent to 0.5 percent

2022-03-03

Bank of Canadas 0.25 percent rate hike means 13 monthly payment increase per 100000 mortgage broker Carlito Pablo The Georgia Straight

New listing home sales increase | REBGV

2022-03-03

Metro Vancouver sees huge jump in monthly sales Michelle McNally Livabl   In Metro Vancouver, sales and home prices moved upward during February, including the number of listings hitting the MLS. But even with last month’s surge …

New zoning policies are on tap in the District of West Vancouver

2022-03-03

West Vancouver zoning proposal encourages breweries, food processors Brent Richter Western Investor Commercial zoning change will address the district's lack of light industrial space   New zoning policies are on tap in the District of…

CBRE strong demand, below-average availability rates: report

2022-03-03

Victoria's commercial real estate market turns bullish Andrew Duffy Western Investor   The Victoria skyline. DARREN STONE, TIMES COLONIST CBRE outlook report highlights strong demand, below-average availability rates Optimism has retur…

Central bank set the stage to further rate increases in 2022

2022-03-02

Major banks raise prime rates Fergal McAlinden other The news marks the first time Canada's banking giants have raised prime rates since 2018 Toronto-Dominion Bank, Royal Bank of Canada and Bank of Montreal have indicated that they will inc…

Canada's annual inflation rate having surpassed the 5% mark for the first time in over 30 years

2022-03-02

Bank of Canada hikes rate Fergal McAlinden other The central bank has changed its benchmark rate for the first time in almost two years   The Bank of Canada has announced an increase in its benchmark interest rate, marking its first ch…

Monthly increase of over 4% in Toronto's benchmark price

2022-03-02

Will the Toronto housing market ever slow down? Fergal McAlinden other The city is now home to Canada's priciest market – but a slowdown of sorts could be in the cards   What can slow the seemingly unstoppable rise in Toronto hou…

Vancouver industrial land reach a new record $7.05 million per acre in 2022

2022-03-02

Vancouver industrial land will soon average $7 million per acre: study Frank O'Brien Western Investor   Sale of Toyota Canada industrial site in Delta closed March 2 at nearly $6 million per acre. | JLL Canada Most recent Metro Vancouv…

Buyers raced to take advantage of the 0.25% interest rate amidst pandemic crisis

2022-03-02

Interest rate hike won't cool housing, say experts Tara Deschamps The Vancouver Sun They believe pent-up demand for homes is so high and supply still so scarce that the Bank of Canada’s decision to hike the rate to 0.5% from 0.25% won…

Strong mortgage and commercial loan growth drove a 38% increase

2022-03-01

Scotiabank posts first-quarter results Fergal McAlinden other A significant trend has emerged in the Big Six's Q1 earnings announcements to date   Scotiabank is the latest Canadian banking giant to reveal strong earnings in 2022’…

Industry's standout performers from the last 12 months

2022-03-01

Canadian Mortgage Awards 2022 - Excellence Awardees revealed Fergal McAlinden other Find out if you or your company could be celebrating at the in-person awards show on April 28 It promises to be one of the most memorable occasions in the C…

Bank of Montreal shows strong performance in it's Capital Markets

2022-03-01

BMO reveals Q1 earnings Fergal McAlinden other The banking giant posted some noteworthy results in 2022's first quarter Bank of Montreal (BMO) has revealed that its net income rose by 45% to $2.93 billion in the first quarter of 2022, with …

86.7-acres waterfront development sites in Fraser Valley

2022-03-01

Massive waterfront parcel in Fraser Valley listed for sale Frank O'Brien Western Investor Mission 86.7-acres on the Fraser River is open to bids as a ‘large-scale development site’ with OCP already in place for a variety of uses…

0.79 acres in New Westminster sells for $27.5 million

2022-02-28

29-storey mixed-use development land located in 618 Sixth Street, New Westminster, B.C Marcus & Millichap Western Investor High-density mixed-use development in Uptown could host 27 to 29 storeys of residential under current zoning. Propert…

B.C. real estate industry announced plans to implement a "cooling-off period"

2022-02-28

Taming the housing market: Real estate industry at odds with B.C. government https://rem.ax/3M7t3y5 The Vancouver Sun B.C. Real Estate Association is pushing back against province's plan to allow homebuyers to back out of a sale within a "c…

8.99 acres industrial home in Richmond sells for $60.58 million

2022-02-25

Richmond industrial deal closes at $6.7 million per acre CBRE Vancouver Western Investor Near nine-acre site near SkyTrain sells for $60.58 million in one of the city’s largest industrial transactions to date Property type: Industrial…

Proposed new terminal port will significantly increase Canadian trade in the market

2022-02-24

Prince Rupert Port plans second container terminal Western Investor Staff Western Investor The potential expansion would double the annual capacity at Canada’s third-largest port Proposed new terminal at Port of Prince Rupert would do…

Net income reveal hits 6% year-over-year increase

2022-02-24

RBC reveals Q1 results Fergal McAlinden other The bank's first-quarter earnings arrive amid continuing challenges posed by COVID-19 Royal Bank of Canada (RBC) has posted its financial results for 2022’s first quarter, revealing net in…

New 238-unit rental complex in Kelowna sold for $83.5 Million

2022-02-24

Kelowna multi-family rentals hit record $500,000 per door Frank O'Brien Western Investor Under-construction rental complex and new strata rental development set new price highs for residential transactions in the Okanagan city   New 23…