National

Real Estate Board see stability in real estate

Darpan News Desk The Canadian Press, 26 Jan, 2024 05:22 PM

The Real Estate Board of Greater Vancouver says there’s an emerging patter of stability in the commercial real estate market.

While sales were down in the third quarter of 2023 compared with the year before, the board says demand for commercial properties is starting to re-emerge.

Commercial sales in the third quarter last year totalled 1.8 billion dollars, a 20.2 per cent drop from the same period the year before.

Andrew Lis, the board’s director of economics, says it’s too soon to say if the third quarter was the bottom of the cycle, but sales remained static in the fourth quarter, which could reflect a shift toward a more positive 2024.

Prev Next

MORE National ARTICLES

Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau

Severe weather and natural disasters caused more than $3 billion in insured damages for the second year in a row in 2023. The Insurance Bureau of Canada's annual tally is topped by wildfires in the Okanagan and Shuswap areas of B.C., which cost $720 million.

Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau

Police say dog may have been thrown to its death from downtown Vancouver hotel

Police say a dog that fell to its death in downtown Vancouver may have been deliberately thrown from a window. Vancouver Police say officers responded to a call and found the dead dog in the laneway beside the Molson Hotel at around 2 p.m. on Friday.

Police say dog may have been thrown to its death from downtown Vancouver hotel

Housing market could rebound in 2024

The Canadian housing market could be in for a rebound in 2024. That is the forecast coming from economists after a year of caution and shifting expectations spurred by rising borrowing costs.

Housing market could rebound in 2024

Victim of New York bus crash identified as 74-year-old Montreal woman

New York State Police have identified Jeanne Elzanie Jourdan Colin, a 74-year-old Montrealer, as the person who died in a tour bus crash in Lake George, N.Y., on Friday. They say one person remains in critical condition at an Albany, N.Y., hospital.

Victim of New York bus crash identified as 74-year-old Montreal woman

Trudeau to join mourners at memorial for victims of downed plane

Prime Minister Justin Trudeau will join mourners in Richmond Hill, Ont., this afternoon to mark four years since the Iranian military shot down Flight PS752. Everyone aboard was killed when Iranian officials shot down the Ukraine International Airlines jetliner in January 2020 shortly after its take-off from Tehran.

Trudeau to join mourners at memorial for victims of downed plane

One dead in BC helicopter crash

The RCMP says one person has died in a helicopter crash near Revelstoke, B.C. They say the helicopter, which was first reported missing Friday, was found in Glacier National Park.