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Real Estate

B.C.’s younger communities under increasing pressure from rate hikes, data reveals

B.C.’s younger communities under increasing pressure from rate hikes, data reveals

B.C.’s younger communities under increasing pressure from rate hikes, data reveals
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Average rent in Canada up 10.7% since last year: report

Average rent in Canada up 10.7% since last year: report

TORONTO — A new report says the average listed rent for all property types in Canada jumped by 10.7 per cent year-over-year in January, the ninth straight month of double-digit increases. The report from Rentals.
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Experts react to January home sales, which dropped 37.1 per cent

Experts react to January home sales, which dropped 37.1 per cent

Canadian home sales were down 37.1 per cent in January compared with a year earlier, according to new figures from The Canadian Real Estate Association (CREA). It was the worst January for home sales since 2009.
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CREA reports worst January for home sales since 2009 as sales fall

CREA reports worst January for home sales since 2009 as sales fall

OTTAWA — The Canadian Real Estate Association says homes sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago.
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CMHC says annual rate of housing starts slowed 13 per cent in January

CMHC says annual rate of housing starts slowed 13 per cent in January

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts fell 13 per cent in January.
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Developers with partial foreign ownership blocked from building housing supply in Canada

Developers with partial foreign ownership blocked from building housing supply in Canada

The Canadian Home Builder Association says it hopes this is an "unintended consequence" of Ottawa's foreign buyer ban regulations
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New Metro Vancouver retail spaces to help support strong year for the market: CBRE

New Metro Vancouver retail spaces to help support strong year for the market: CBRE

The Post and Willowbrook Mall expansion are seeing "significant leasing traction," according to CBRE's Retail Rent Survey
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B.C. home sales cut in half as high borrowing costs depress sales activity

B.C. home sales cut in half as high borrowing costs depress sales activity

Home sales in Greater Vancouver are close to the lowest they can get, says BCREA economist
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Rob Shaw: B.C. renters now entitled to highest rate of interest on deposits in two decades

Rob Shaw: B.C. renters now entitled to highest rate of interest on deposits in two decades

Landlords are required to pay 1.95 per cent interest on deposits in 2023, under a formula that sets the rate of prime minus 4.5 per cent.
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Rethinking use of downtown office space leading to more subleases, vacancies

Rethinking use of downtown office space leading to more subleases, vacancies

The office market is in a period of adjustment as companies understand with more certainty the needs of their employees.
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