Real Estate News & Articles

Calgary continues to report activity that is better than levels seen before the pandemic and higher than long-term trends for the city

2023-01-03

Calgary's December home sales down 31% from last year, real estate board says The Canadian Press CBC Radio The Calgary Real Estate Board says it capped the year with 29,672 sales, including 1,204 in December. (Robson Fletcher/CBC) The Calga…

2 acres industrial land in Surrey sells for $14 Million

2022-12-29

Surrey two-acre industrial site sold for $14 million Western Investor Staff Western Investor Two-lot assembly on 192 Street sold for $7 million per acre in the first quarter of 2022. Colliers, Vancouver, for Western Investor   Property…

14.2 acres industrial land sells for $111 Million located at 19469 92 Avenue, Surrey

2022-12-29

Surrey 14.2-acre industrial site sells for $111 million Western Investor Staff Western Investor With frontage on 92 Avenue and an estimated two years to development, the land sold for $7.8 million per acre in the fourth quarter, 2022. Colli…

Canadas ban on foreign homebuyers comes into effect on Jan. 1

2022-12-22

Update: Details released on foreign-home buyer ban Western Investor Staff Western Investor Federal government says buyer ban will exempt many students, refugees, temporary workers multi-family rental property and vacation properties, Foreig…

The aggregate price of a Canadian residential unit drop 1% by Q4 2023

2022-12-14

How much are Canada home prices likely to drop next year? Ephraim Vecina CMP Royal LePage provides latest market forecast The aggregate price of a Canadian residential unit is likely to decline by around 1% on an annual basis during the fou…

The aggregate price of a Canadian residential unit drop 1% by Q4 2023

2022-12-14

How much are Canada home prices likely to drop next year? Ephraim Vecina CMP

BoC's final announcement of 2022 is a welcome one that presents "stability and clarity" for the national housing market

2022-12-14

BoC's latest statement a positive one for housing market, says CEO Fergal McAlinden CMP Could the central bank be nearing an end to its series of rate jumps? The Bank of Canada’s final announcement of 2022 is a welcome one that presen…

Calgary's multi-family rental market is firing on all cylinders coming into 2023

2022-12-10

Calgary's rental market soaring into a record year Frank O'Brien Western Investor Average rents are hitting $2.57 per square foot, the highest recorded rent per square foot in the last five years, while per-door sale prices are about half t…

10-storey medical office next to the under-construction new St. Paul's Hospital in Vancouver's False Creek Flats

2022-12-09

False Creek Flats leads Vancouver CRE development into 2023 Frank O'Brien Western Investor New $2.1 billion hospital, office and industrial buildings anchor 450-acre site in East Vancouver When Keltic Canada Developments Ltd. laid out plans…

Despite headwinds, rental investments appear solid into 2023

2022-12-09

Opinion: Housing is a struggle and governments about to make it worse Frank O'Brien Western Investor Four new rules – including one now in effect in B.C. – will be costly, complicated and do nothing to alleviate the low supply o…

Taxes, Rental Rates, LOTR, Flipping Tax in BC for 2 years taxed as bus income

2022-12-09

Opinion: Housing is a struggle and governments about to make it worse Frank O'Brien Western Investor Download Document

Taxes, Rental Rates, LOTR, Flipping Tax in BC for 2 years taxed as bus income

2022-12-09

Opinion: Housing is a struggle and governments about to make it worse Frank O'Brien Western Investor Download Document

6.5 acres development site in Surrey sells for $170 Million

2022-12-08

6.5-acre land assembly in Central Surrey sells for $170 million Western Investor Staff Western Investor The development site of older rental buildings is destined for approximately 2,000 homes in five new condominium towers, some as high as…

Close to 90% of Canadians will visit shopping malls in December | JLL Canada

2022-12-06

Brick-and-mortar retail holds the course as consumers cut spending Peter Mitham Western Investor Space constraints ensure Metro Vancouver mall resilience Shoppers have returned to Metro Vancouver's malls, but inflation means they're set to …

1.8 acres development land in Burnaby sells for $145 Million

2022-12-02

Burnaby Metrotown 1.8-acre land assembly sells for $145 million Western Investor Staff Western Investor The 80,000-square-foot, two-lot assembly eyed for high-density mixed-use development Sutton Group West Coast Realty, Vancouver, for West…

November housing sales and price data continue downward spiral seen over the past seven months

2022-12-02

Vancouver home buyers settle into the driver's seat Frank O'Brien Western Investor   November sale and price data remains dismal, but Metro Vancouver housing market could be ripe for buyers right now, analysts say Buyers should take ad…

Goran Bucan broker and developer Keltic closes on $150M Burnaby land deal

2022-12-01

Keltic closes on multimillion-dollar Burnaby land deal Frank O'Brien Western Investor The site: A 1.8-acre land assembly in Burnaby’s Metrotown sold November 30 for more than $100 million. | Google Earth Vancouver real estate agent Go…

56 detached-house lots in Port Moody sells for $157.2 Million

2022-12-01

Port Moody 14.8-acre land assembly closes at $157.2 million Western Investor Staff Western Investor Assembly sale composes 56 detached-house lots in Coronation Park neighbourhood proposed for high-density mixed-used development London Pacif…

Vancouver's the top market for investment in Western Canada

2022-11-30

Growth-minded lenders tighten terms of new debt as costs rise Peter Mitham Western Investor Multifamily, industrial lending poised to grow in 2023 Virtually all lenders say they want to grow their real estate loan portfolios in 2023, but ju…

0.165 acres retail in North Vancouver sells for $5.3 Million

2022-11-29

North Van 6,907 square feet of retail sells $400K over assessed value Western Investor Staff Western Investor The modern, prime two-storey package, on 0.16 acres in Edgemont Village, traded at $5.3 million in a deal closing November 30. Mac…

RBC deal to buy HSBC's Canadian unit for $13.5 billion in cash

2022-11-29

RBC to purchase HSBC Bank Canada Fergal McAlinden CMP The mega deal is the largest ever reached between two domestic banks in this country Royal Bank of Canada (RBC) has struck a deal to buy HSBC’s Canadian unit for $13.5 billion in c…

Central bank's rate hikes have yet to manifest, Stephen Poloz says

2022-11-25

What will the impact of the current interest rate hikes be? Ephraim Vecina CMP Former BoC head outlines possibilities The full impact of the central bank’s rate hikes have yet to manifest, Stephen Poloz says The Bank of Canada’s…

2.29 acres industrial land in Surrey sells for $15.34 Million

2022-11-25

Port Kells 2.29-acre industrial site sells for $15.3 million Western Investor Staff Western Investor Industrial land was listed as the market began to shift downward, agents say, which caused a mid-launch strategy adjustment to a successful…

GTA commercial real estate market slowed during Q3 2022 following a strong first half | Avison Young

2022-11-25

Avison Young highlights GTA commercial market's Q3 performance Ephraim Vecina CMP New report pinpoints market's strengths and challenges Deviations from market trends established earlier this year were observed Activity in the Greater Toron…