Breadcrumb Trail Links Real Estate Local News Homes The District of West Vancouver is hoping to sell a beachfront home in Ambleside for as little as $1, but the purchaser must relocate it Published June 11, 2023 • Last updated 4 days ago • 2 minute read Jim Pattison’s former…
Tag: real estate news today
Commercial real estate poses risks to US banks
JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington.Jeena Moon/Reuters JPMorgan CEO Jamie Dimon warned commercial-real estate loans could cause problems for US banks. “There’s always an off-side,” he said. “The off-sides in this case will probably be real estate.”…
Breanne Cote elected BC Northern Real Estate Board chair
The BC Northern Real Estate Board has a new chair. Breanne Cote was elected to the position for 2023-24 during the BCNREB’s annual general meeting. Based at Royal LePage Aspire Realty in Prince George, Cote has been a real estate agent for eight years and has served on many BCNREB…
Green New Deal Boosts Appeal of New Build Investments
Investing in new-build property has traditionally been a popular form of property investment due to the range of benefits it can offer – this has seen many investors purchase off-plan (before the house is completed) as a means of maximizing their potential gains. The push towards making homes energy efficient…
Silk Road Real Estate Issues 3 years US$ 20 million Bond
Published: Apr. 25, 2023 at 9:15 AM MDT TBILISI, Georgia, April 25, 2023 /PRNewswire/ — Silk Road Real Estate, a leading Georgian real estate management company, has today issued a US$ 20 million bond – the first of two tranches worth US$ 40 million. The bond offers a coupon of…
Number of Mortgage-Free Homes in Vancouver Points to One Thing: Foreign Money
The fact that half of Vancouver homeowners are enjoying a mortgage free life reveals the unique nature of the Vancouver market, says the owner of a large Canadian mortgage brokerage. “It just really underlines the fact that there is just a ton of foreign capital in Vancouver,” says a long-time…
Bids on the open market outpace private offer for Calgary fourplex
2413 and 2415 9 St., NW., Calgary Asking price: $939,900 (November, 2022) selling price: $939,900 (December, 2022) Taxes: $5,502 (2022) Days on the market: three listing agents: Bryon Howard, eXp Realty The action Up to four cars can park on site.eXp Realty The owner of this fourplex on a 125-…
Instability of Banks Boosts Appeal of Property Investing in 2023
If you’ve been paying attention to the news recently, then you may have noticed several banks collapsing in the US in the past couple of weeks, which is beginning to cause alarm. For those not in the know, on March 10th, the biggest failure of a US bank since the…
Real estate development incubator aims to increase industry diversity
Zahra Ebrahim is a principal at Monumental. The FutureBUILDS BIPOC Real Estate Development program will provide participants with mentors and connections to the professionals they need to get a project built.Brianna-Roye/Handout A new incubator program aims to make the real estate development industry more reflective of the city’s diversity. Led…
Banking’s Next Threat? It Might Be Commercial Real Estate
Comment on this story Comments If market participants are wringing their hands over the potential fallout from the collapse of Silicon Valley Bank, just wait until they look at the banking industry’s exposure to the rapidly weakening commercial real estate sector. It seems as if every few days brings news…