Real Estate News in Canada | STOREYS
STOREYS covers the latest on the housing and real estate markets in Toronto, Vancouver, and the rest of Canada. Get all the latest real estate news from across the country.
The Top 10 Metro Vancouver Development Land Deals In 2024
Dec 12, 2024 · This is second largest distressed land sale in Metro Vancouver in 2024. The acquisition by GWL is a logical expansion of their existing site next door. A development application recently submitted by GWL for the combined site includes two towers with 393 rental units above retail space.. The site was listed and sold by CBRE. 1555 Robson Street (west) and 1525 Robson Street (east) in the West ...
RBC Calling For Another 50-Bps Interest Rate Cut In December
Oct 24, 2024 · Fan articulates that RBC economists are anticipating that the policy interest rate will be brought down to 2% by July of 2025. That rate, Fan notes, would be “stimulative and a touch below the lower bound of the BoC’s own estimates of neutral rate at 2.25% – 3.25%.”
Royal LePage Releases 2025 Canadian Home Price Forecast
Dec 5, 2024 · In a report released Thursday, Royal LePage lays out its home price forecast for the coming year, backdropped by declining interest rates and new lending rules that make homeownership easier and more attainable for a growing number of Canadians. Their projection? Prices are on the rise, but not in the volatile fashion of the Pandemic-era days. In 2025, says Royal LePage, we can expect to see a ...
TransLink Pays $85.6M For Two Industrial Properties In Surrey
Oct 28, 2024 · TransLink has acquired 13221 76th Avenue and 7678 132nd Street, two properties adjacent to the Surrey Transit Centre.
Starlight Buys Victoria Property Under Receivership For $23.5M
Dec 11, 2024 · During the sales process, an appraisal of $24,150,000 dated July 4 was received from Victoria-based D.R. Coell & Associates.. A total of 30 parties showed interest, with 23 progressing to the point of signing confidentiality agreements, …
STOREYS' Newsmaker Of The Year: The Receiver
Dec 17, 2024 · ‘Newsmaker of the Year’ is part of STOREYS' annual editorial year-end series. You can find the rest of our 2024 selections here as they're released throughout the week.. It's an unfortunate part of the business, but amidst tough economic conditions over the past few years, some developers have been hit hard and we saw a surge in real estate insolvencies across the country this year.
Thind Facing Foreclosure On Burnaby Property Acquired Earlier …
Dec 9, 2024 · The Sale. The sale of the property also faced scrutiny after Goodman Commercial took Kirpal Group and its partners — Nita Developments Ltd., SVM Properties Ltd., and Madeira Manor Ltd. — to court over the sales commission.. According to Goodman Commercial's Notice of Civil Claim filed in June 2024, the owners voiced interest in retaining Goodman Commercial to sell 6677 Silver Avenue in ...
Canadian Commercial Real Estate News Coverage | STOREYS
Read the latest headlines on Canada's commercial real estate market. Complete coverage of top commercial real estate stories, market conditions & opinion.
Canadian Rents Decline To 15-Month Low In November
Dec 10, 2024 · After rents declined for the first time since 2021 in October, prices slipped even further in November, reaching a 15-month low.. By the end of the month, average asking rents for all unit types had hit $2,139, down 1.6% from last November and 0.6% from the previous month when rents had dropped 1.9%, according to the latest National Rent Report from Rentals.ca and …