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Tuesday, January 22, 2018

Western Canada Edition

More condo project cancellations may be on the way in Vancouver this year, developer warns

The president and CEO of a major developer is warning homebuyers that more proposed condo projects may be cancelled as inexperienced builders struggle in a cooler market that is still finding bottom.

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Top stories this week

In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments. >More

By one measure, conditions in Canada are reminiscent of those present in the US right before a stateside housing bubble burst, yet a repeat performance to the north is unlikely. More

It wasn’t so long ago that there was hardly any doubt that Canadians would be seeing higher mortgage rates this year. More

It may have been tough to imagine even just 12 months ago, but Canada’s housing market is stagnating — and don’t expect a return to previous highs any time soon. More

With the first phase of Park George, one of Surrey’s most anticipated new condo and townhome communities, nearly sold out, Concord Pacific is soon launching Phase II. More

The boutique mid-rise condo building, designed by award-winning firm Gateway Architecture, encompasses 47 suites within six storeys. More

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Fact of the week

A total of 78,345 homes sold in BC in 2018, down 24.5% from 2017.

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