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B.C. home sales began to normalize amidst pandemic
The Vancouver Sun · 29 Dec 2021 · Douglas Todd
The Kamloops and District Real Estate Association and the Association of Interior Realtors recorded a nearly 29 per cent increase in residential prices, while in the Lower Mainland, Chilliwack and the Fraser Valley saw average home prices go up to $697,250 and…
Canadian housing market boost price compared last year amidst pandemic
Livabl · 11 Aug 2021 · Michelle McNally
"When the pandemic began in 2020, the market became unchartered territory. But because of low inventory and high demand from buyers looking for a larger space, prices have steadily climbed for the past year, particularly detached homes," said Rushton. "Over th…
Housing supply crisis in Canada issue needs to be address immediately
The Vancouver Sun · 21 Jul 2021 · Darlene Hyde
A major reason for the surge in demand is historically low interest rates. Adding to this, the COVID-19 remote-work structure has turned homes into a catch-all of offices, schools, gyms and living spaces; the desire and ability to move from the city to the sub…
Metchosin homes sets new record as the highest selling price in Victoria
Western Investor · 22 Jun 2021 · Carla Wilson
"Victoria's luxury real estate market has experienced a surge in interest and activity in recent months," said Logan Wilson with Sotheby's, who represented the seller of the Metchosin home. "The diversity of interest we saw in this property reflects the fact t…
2 largest shopping centre in Victoria bought by immigrants from China
Western Investor · 08 Jun 2021 · Carla Wilson
"Because this community has accepted me with open arms, I am committed to continuing to work with local leaders to build the communities that we have invested in so that, together, we can make them the very best places that they can be."
Canadian home price continue to increase 0.5 percent in February
Livabl · 17 Mar 2021 · Sean MacKay
Other local markets that saw monthly gains in February were Montreal, Victoria, Calgary and Toronto, with each market recording a modest increase between 0.4 percent and 0.5 percent. Meanwhile, Winnipeg's local index was flat, while Edmonton and Ottawa-Gatinea…
Increase crime is one of the retailers struggle during the pandemic
Western Investor · 08 Dec 2020 · Frank O’Brien
A new study on main streets in B.C. and Ontario released December 7 by Vancity shows that rising crime has become a characteristic for B.C. downtown retailers struggling through the pandemic, where it is the No. 1 concern in Victoria and East Vancouver.…
Toronto housing market shows no sign of slowing
Mortgage Broker News · 06 Oct 2020 · Ephraim Vecina
Other standouts in apartment price growth were Hamilton-Burlington (up 74% to $471,100), Guelph (up 73% to $379,000), and Victoria, British Columbia (up 65% to $504,900). In terms of single-family housing prices, Niagara Region once again had the highest five-…
Marriott suffered the worst market decline in 2020
Western Investor · 23 Sep 2020 · WI Staff
This January, Marriott broke ground on a 172-room hotel next to the Vancouver Island Conference Centre in Nanaimo, B.C. At the pre-pandemic start of 2020, the combined value of stocks of the Washington, D.C.-based corporation stood at $49.51 billion (all figur…