British Columbia / Alberta
Future Developments
Bosa Properties Submits Cohen Block Rezoning Application Without Staff Support
The Cohen Block project would see the shuttered Army & Navy store in the Downtown Eastside redeveloped.
Sep 22, 2023
Real Estate News
How The Kelowna Real Estate Market Put Itself On The Map
Via seeds planted in years past, Kelowna now has a set of market fundamentals that have helped its real estate take off.
Real Estate News
City Of Abbotsford Introduces CAC And Density Bonus Program
Abbotsford does not currently have a formal community amenity contributions program like other municipalities.
Real Estate News
Canadian House Prices To Fall 10% In 2024 As Economy Slips Into Recession
Although talks of recession are certainly loaded with doom and gloom, downcast conditions could tempt the BoC to hold rates at 5% until mid-2024.
Pristine Prince Edward County Property Serves Year-Round Vacation Vibes
Even if you’re not ready to move to cottage country full-time, this just-listed property is the perfect opportunity to tap into Prince Edward County’s robust rental market.
Affordable Housing
New Home Prices Edge Up In August, But Builders' Faltering Confidence Leads To Annual Decline
Rising construction costs in Calgary led to a monthly increase in new home prices across Canada in August.
Future Developments
After 10 Years, Concert And Peterson Are Ready To Bring Langara Gardens To Fruition
Concert Properties and Peterson Group have submitted their rezoning application for the Langara Gardens redevelopment, after initially declaring their intent back in 2013.
Future Developments
Wesgroup Proposing 25 And 17-Storey Rental Towers Near Oakridge
Wesgroup Properties originally submitted their rezoning application for the Oakridge site in 2020, but has since made significant changes to the proposal.
Real Estate News
Canadian Home Prices Crept Up In August But “Set To Moderate” In Coming Months
The degree of any price declines “should remain limited thanks to the support of historical demographic growth and the persistent lack of housing supply.”
Commercial
Student Housing Provider GEC Living Introduces Developer Partnership Program
GEC Living will partner with other local developers to lease space, providing security to those developers and quickly adding student housing to the market.
Economy
Economists Divided Over Future Interest Rate Hikes As Inflation Rises
While some experts think the Bank of Canada will keep rates on hold until next year, others believe the "possibility of multiple further hikes" can't be dismissed.
Real Estate News
Half Of Canadians Think They Will Never Be Able To Buy A Home
The share of Canadians who think they will never break into the housing market has edged up 15% over the past six months, according to a new report.
Real Estate News
Latest BoC Rate Pause Comes Amid ‘Stiffer Headwinds’ For Housing Market
“We all know that it’s hard to keep this market down, but the headwinds are stiffer than they were the last time the Bank of Canada stepped aside,” says BMO Senior Economist Robert Kavcic.
Real Estate News
How Population Growth Has Impacted Housing Inventory In Canada
Inventory has slumped as Canada's population has soared, but there are other factors contributing to the decline.
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