Real Estate News & Articles

Excellent leadership towards success

2022-02-16

DLC announces major deal Fergal McAlinden other CEO “immensely proud" of what has been achieved   Dominion Lending Centres (DLC) has announced an agreement to purchase the remaining 30% of Newton Connectivity Systems, the company…

Streetworks plans to redevelop Hudson's Bay store in downtown Vancouver

2022-02-15

Creating multi-use spaces that feature a range of services and experiences | HBC Frank O Brien The Vancouver Sun Iconic site spans nine floors at Georgia and Granville Streets in the heart of the city Hudson’s Bay 636,828-square-foot …

Analysts expect that supply increases will start to cool the market in the second half of 2022 | RBC

2022-02-15

House prices jump, housing starts slide as affordability takes a blow to start the year Stephanie Hughes The Vancouver Sun Home prices rise three per cent while housing starts slow three per cent in January from month before Homes under con…

$9.5 million cash to explore and develop helium in Saskatchewan

2022-02-15

Global Helium nabs 1.5 million acres of Saskatchewan leases Ron Walter Western Investor Calgary-based Company is spending $2.4 million doing seismic work, acquiring existing seismic data, evaluating the results and drilling a 2,000-metre te…

Census released, showing a dropped by 10 percent in Vancouver

2022-02-15

'Astonishing' drop in number of empty homes in Metro Vancouver: Census Joanne Lee-Young The Vancouver Sun "To have such a sea change is astonishing," said urban planner Andy Yan of Simon Fraser University's City Program. Simon Fraser Univer…

Canadian real estate supply remains tight, continued imbalance between supply and demand

2022-02-15

REALTOR.ca Insights Report Realtor.ca Staff other   2021 By the Numbers: REALTOR.ca continues to exhibit record growth REALTOR.ca’s brand trust and awareness among Canadians continues to grow; in 2021 the site experienced its mos…

January 2022 reports sales to new listings ratio shot up to 89.4% | CREA

2022-02-15

Competitive Canadian Market Spurs Big Price Gains to Start 2022: CREA Rachel Rehkopk The Vancouver Sun   Buyers from Vancouver to Moncton can anticipate facing a strong seller’s market if they’re looking to buy in today&rsq…

62-Storey Shangri-La residential condo tower located in Downtown Vancouver

2022-02-15

Court certifies class-action lawsuit over windows at Vancouver's Shangri-La tower Jaonne Lee-Young The Vancouver Sun All owners of condo units in the high-end Shangri-La building can take part in the claim.   The glass-clad Shangri-La …

Canadian home prices rose 3% while housing trended down to start the year

2022-02-15

House prices jump, housing starts slide as affordability takes a blow to start the year Stephanie Hughes The Vancouver Sun A Rentals.ca report says last month the average rent for a one-bedroom home in Vancouver was $2,163 while a two-bedro…

5 units retail strata sells for $11.5 Million located in 6333 West Boulevard, Vancouver

2022-02-12

Five Vancouver retail strata lots under 10,000 square feet total sell for $11.5 million Western Investor Staff Western Investor New West Boulevard ground-floor retail lots were fully tenanted at time of sale by Kerrisdale Lumber. Type of pr…

2.12 acres multi-family in Victoria sells for $25.75 Million

2022-02-11

Starlight pays $25.75 million for Victoria multi-family portfolio Western Investor Staff Western Investor The two properties have a total of 92 rental apartments in prime rental locations within Greater Victoria. Type of property: Multi-fam…

The oldest building in Vancouver's Chinatown will soon be home to the Chinese Canadian Museum

2022-02-11

Canada's first Chinese Canadian museum to open in historic building in Vancouver's Chinatown CBC News Staff CBC Radio   The Wing Sang building in Vancouver, B.C., pictured in an undated handout photo. The oldest building in Vancouver's…

2022 Housing Market Predictions that condos will lead price growth this year

2022-02-11

Are GTA Condos Poised for a Price Increase? Rachel Rehkopf other   Historically, if you were in the market for a condo in the Toronto Region, you could expect to pay about half the price of the average detached home to secure your desi…

9,593 square feet retail strata in Vancouver sells for $11.5 million

2022-02-11

Five Vancouver retail strata lots under 10,000 square feet total sell for $11.5 million CBRE Vancouver Western Investor New West Boulevard ground-floor retail lots were fully tenanted at time of sale by Kerrisdale Lumber. Type of property: …

"Recovery takes a long time" conceded Farnworth

2022-02-11

Vaughn Palmer: Despite legislature rhetoric, Lytton no closer to knowing 'when' Vaughn Palmer The Vancouver Sun Opinion: All parties professed support for Lytton, but opposition parties unable to get commitment on when rebuild starts Damage…

Accurate forecast helps manage population growth and housing completion

2022-02-11

Better forecasting would alleviate housing crisis: Expert Martin Slofstra The Vancouver Sun Past population growth forecasts underestimated GTA population growth from international sources by roughly 120,000 persons from 2016 to 2021. SUPPL…

Okanagan centre seeing a growth of 14% from 2016 to 2021

2022-02-10

Kelowna is now the fastest growing city in Canada Western Investor Staff Western Investor Okanagan centre has seen growth of 13.8 per cent from 2016 to 2021 to more than 144,500 people, latest census data shows   New condos under const…

42 units multi family in Calgary sells for 6 58 million

2022-02-10

Calgary 42 unit multi family package sells for 6 58 million Avison Young Western Investor

42 units multi family in Calgary sells for 6 58 million

2022-02-10

Calgary 42 unit multi family package sells for 6 58 million Avison Young Western Investor

42 units multi family in Calgary sells for 6 58 million

2022-02-10

Calgary 42 unit multi family package sells for 6 58 million Avison Young Western Investor

42 units multi family in Calgary sells for 6 58 million

2022-02-10

Calgary 42 unit multi family package sells for 6 58 million Avison Young Western Investor

42 units multi-family in Calgary sells for $6.58 million

2022-02-10

Calgary 42-unit multi-family package sells for $6.58 million Avison Young Western Investor The two-property rental portfolio is in Calgary’s popular Mission District. Property type : Multi-family portfolio Locations: 111-117 24th Aven…

Employment growth nearly quadrupled projected in 2021 | Build Force Canada

2022-02-10

Trade shortage threatens B.C.'s construction pace Albert Van Santvoort Western Investor An estimated 64,000 additional tradespeople will be needed in B.C. over the next 10 years B.C. construction industry is adopting training and recruitmen…

US inflation hit a 40-year high in January

2022-02-10

US braces for a huge mortgage rate hike next month Ryan Smith other The latest figures are pointing to a big interest rate increase in just weeks  US inflation hit a 40-year high in January after a larger-than-expected rise in the cons…