Real Estate News & Articles

Commercial real estate sales seen its progress in the first half of 2021

2022-01-24

Lower Mainland's commercial real estate market continued its recovery in the third quarter of 2021 REBGV Staff REBGV The increased activity seen in the Lower Mainland’s commercial real estate market in the first half of 2021 carried i…

BoC set to start a campaign of tighter monetary policy to test country's debt-laden consumers and the staying power of the recovery

2022-01-22

Deb-tstrapped Canadians brace for a risky rate-hiking cycle Theophilos Argitis Bloomberg   The era of historically low interest rates, which inflated Canadians’ wealth and facilitated their spending, is coming to an end. As early…

2.5 acres townhouse development sells for $8.56 Million located in 202A Street, Langley

2022-01-21

Langley 2.5-acre townhouse site sells for $8.56 million Frontline Real Estate Services Western Investor The flat lot currently has a single detached house but is designated for townhouse development at eight to 22 units per acre in Willough…

0.42 acre condo development land in Chilliwack sells for $1.7 million

2022-01-21

Chilliwack 0.42-acre land assembly sells for $1.7 million Frontline Real Estate Services Western Investor Two lots assembled into a small condominium development site near an elementary school and close to downtown Chilliwack, B.C. Property…

0.42 acres condo development site sells for $1.7 Million located in Yale Road, Chilliwack

2022-01-21

Chilliwack 0.42-acre land assembly sells for $1.7 million Frontline Real Estate Services Western Investor Two lots assembled into a small condominium development site near an elementary school and close to downtown Chilliwack, B.C. Property…

Vancouver housing market continue to compete for fewer listings at higher prices in 2022

2022-01-19

Vancouver supply crunch poised to push prices higher in 2022 Ryan Garner Livabl   Following a record-setting year, the Metro Vancouver housing market should continue to see buyers compete for fewer listings at higher prices in 2022. Th…

Hand work pays off to Goran Bucan biggest hit in 2021

2022-01-19

Goran Bucan brokers Vancouvers biggest commercial deal of 2021 Connie Adair REM Goran Bucan of Sutton Group Vancouver brokered the single largest commercial transaction in the Metro Vancouver area in 2021. Bucan, the self-described middlema…

48 percent annual inflation was released by statistic Canada in December

2022-01-19

Inflation hits 30-year high in Canada Fergal McAlinden other The news could influence the Bank of Canada's decision on its benchmark rate next week   Consumer price inflation in Canada hit its highest level since 1991 last month, with …

Graduating to the TSX is a significant milestone for DLC

2022-01-19

DLC earns new TSX listing Fergal McAlinden other The mortgage giant's CEO described the news as a "significant milestone" for the company   Dominion Lending Centres Inc. has received conditional approval to list its class ‘A&rsqu…

Canadian housing starts down in December but remains at very high levels

2022-01-18

Canada housing starts CMHC reveals latest figures Fergal McAlinden other Only one of Canada's hottest markets posted growth in total SAAR starts   Canadian housing starts were down in December, according to the Canada Mortgage and Hous…

Vancouver house was assessed at $3.9 Million which is for sale at $11 Million

2022-01-18

Why this rundown Vancouver bungalow is listed for $11 million Jaonne Lee-Young The Vancouver Sun The property is just one block from the corner of West 41st and Cambie — an inner street where developers are looking to build condos The…

National home sales jump 26.6% from the year before | CREA

2022-01-18

Housing starts slow in Canada amid record shortage of homes for sale Bianca Bharti other The December pullback could add to concerns about soaring home prices Housing starts clocked in at 236,106 in December on an annualized basis, a 22 per…

Supply shortages have become a critical issue for the Canadian housing market

2022-01-17

Housing affordability likely to get worse before it gets better as listings hit all-time low Stephanie Hughes The Vancouver Sun 'There are currently fewer properties listed for sale in Canada than at any point on record'   The number o…

0.4-acre industrial building sells for $10.6 Million located in 1250 East Pender Street Vancouver

2022-01-13

East Vancouver 0.4-acre industrial site trades for $10.6 million Macdonald Commercial Western Investor The East Pender Street property includes a vacant 16,368-square-foot industrial building. Property type: Industrial Location: 1250 East P…

39,175 square feet multi family development sells for $12 million

2022-01-13

Surrey 0.8-acre land assembly sells for nearly three times assessment Re/Max 2000 Realty Western Investor Five-lots assembled in Guildford area with potential for high-density residential development sold for $12 million. Property type: Lan…

Proposed surtax is expected to annually raise up $5.8 Billion to improve housing affordability

2022-01-13

Canada can't just tax its way out of its housing conundrum Murtaza Haidef other   The surtax would disproportionately target those living in detached homes in Toronto and Vancouver A real estate sign that reads 'For Sale' and 'Sold Abo…

Multi-year Struggle for essentials and 22 months pandemic

2022-01-12

Calgary downtown office space hits new vacancy milestone Josh Aldrich The Vancouver Sun It is the first time in 30 years of reporting by CBRE that a major Canadian metropolitan centre has hit the troubling milestone, now sitting at 33.2 per…

34 Storey tower in downtown Kelowna hopes to begin construction by mid 2022 | UBCO

2022-01-12

Three-tower complex pitched for downtown Kelowna Wayne Moore Western Investor Mission Group and the University of British Columbia Okanagan present proposals for a massive mixed-use complex that still requires city approvals Mission Group a…

Victoria survey online for 2022 budget engagement 41% identified as renters

2022-01-12

Victoria councillor floats idea of tying rent increases to property tax hikes Roxanne Egan-Elliott The Vancouver Sun David Hutniak, CEO of LandlordBC, said the proposal sounds “a little complicated,” but he’d like to see t…

High end real estate has been buoyed by the same pandemic leading to Canadas hottest market

2022-01-12

Sales surge 240 percent in Canada's hottest market Ari Altstedter other Transactions include the highest-price ever paid in the area Even the ultra-wealthy are finding they’re not immune to Canada’s housing shortage, and nowhere…

Alberta led the country in one way customers during 2021 | U-Haul Growth Index

2022-01-10

U-Haul: Canadians looked to Alberta for housing in 2021 Ryan Garner Livabl Attracting newcomers with affordable housing and employment initiatives, Alberta saw increased inter-provincial migration last year, while Calgary strengthened its s…

Starting the year by increasing the eligibility threshold to 22 percent

2022-01-10

Vaughn Palmer: B.C. NDP signals continued support for homeowner's grant Vaughn Palmer The Vancouver Sun Opinion: House-value threshold for homeowners' grant matches increase in B.C. home values as NDP stick by promise to not tinker with 65-…

Home sales expects to increase 8.6 percent this 2022 | CREA

2022-01-07

Economists forecast rising home sales, prices in 2022 CIBC is the out WI Staff Western Investor CIBC is the outlier in forecasting a national 15 per cent drop in sales compared to 2021 Despite headwinds, most analysts forecast robust housin…

Lumber prices have nearly tripled surging to increase a new single family home

2022-01-07

Wallet-pinching wood: Surging lumber costs pushing new home prices higher Ryan Garner Livabl Supply issues resulting from British Columbia’s record rainfall and increased demand are pushing lumber prices higher, reducing housing affor…