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Metro Vancouver’s industrial supply is lagging demand
Canadian Real Estate Wealth · 13 Nov 2018
Avison Young reports that the industrial vacancy rate in the fall of 2018 has hit 1.5% in Metro Vancouver with rental rates have continuing to climb rapidly. The average asking net rent in Metro Vancouver is now at $11.43 psf, up from $9.99 psf a year earlier.…
CMHC issues forecast for next two years
Mortgage Broker News · 07 Nov 2018
Through this year, Vancouver has born witness to softening home prices across all market segments, and that trend is expected to continue, according to CMHC.
Overvaluation is easing but vulnerability remains says CMHC
Canadian Real Estate Wealth · 26 Oct 2018
CMHC has published its latest Housing Market Assessment and says that even in four markets where overvaluation is detected - Vancouver, Toronto, Victoria, and Hamilton – house prices are returning to levels that are supported by housing market fundamenta…
Chinese buyer interest in Metro Vancouver real estate soars again
Western Investor · 23 Oct 2018
Canada is not as important to China's buyers as other places, especially the United States," said Tina Mak , an agent with Coldwell Banker Westburn Realty in Vancouver. Mak contends that searches through Juwai.com are up for virtually every country as worried …
Tech giants driving hearty Vancouver activity
REP · 15 Oct 2018
The steady expansion of major tech companies like Amazon and WeWork into Vancouver is a main driver of demand for the city's commercial real estate, according to RE/MAX Western Canada regional executive vice president Elton Ash.
Vancouver residential inventory swells to 4-year high
Mortgage Broker News · 12 Oct 2018
Using September 2018 data from the Real Estate Board of Greater Vancouver, VANCITYliving noted that Metro Vancouver's inventory of detached, attached, and apartment residences increased by 36% on a month-over-month basis.
The Stack will be Vancouver’s tallest commercial building
Canadian Real Estate Wealth · 03 Oct 2018
Oxford Properties Group announced late last week the beginning of the development of The Stack, a high-rise office tower that will be injecting 540,000 square feet of commercial space in Vancouver.
Metro Vancouver residential sales plummet 43.5% in September
Western Investor · 02 Oct 2018
September is usually the month that we'd expect to see residential real estate activity start to pick up after a summer break – but there's no sign of that this year, new statistics from the Real Estate Board of Greater Vancouver reveal.…
Greater Vancouver sold data available online for the first time ever
REP · 28 Sep 2018
The data – which is sourced from MLS® Systems of Greater Vancouver, the Fraser Valley, and Chilliwack & Area – will be hosted at ZEALTY (dot) ca. Users who wish to access the information will have to create a password-protected account on the w…
Vancouver buyers pulling back from high taxes
Canadian Real Estate Wealth · 26 Sep 2018
The speculation tax introduced by the British Columbia government is leading to a slowdown in the housing market according to a new report.