Developing Squamish: Pros and cons of buying pre-sales

From The Squamish Chief

Take a drive around Squamish and you’ll notice plenty of new homes under construction. On top of the new construction, you’ll see other District of Squamish notice signs, some of which reflect more housing under consideration.

Some new builds are purchased by pre-sale, where a prospective homeowner signs a deal with a development company before the home is constructed. Read more…

Annual rent increases slowing as average asking price reaches $2,174 in November

From Western Investor

A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year.

The data released Friday by Rentals.ca and Urbanation, which analyzes monthly listings from the former’s network, showed the annual rate of rent growth in Canada continues to slow, following increases of 9.9 per cent in October and 11.1 per cent in September. Read more…

Pemberton draws buyers as investors look beyond Whistler

From Western Investor