Vancouver home sales up 10.3% year-over-year in August

Sep 12, 2014 - The number of residential units sold in Greater Vancouver jumped 10.3% in August compared with the same month a year ago, according to British Columbia Real Estate Association data released September 12....    Full Article

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Your pension linked to commercial real estate

Sep 10, 2014 - The Canadian Pension Plan Investment Board (CPPIB), which funds Canadian public pensions, is investing... Full Article


Vancouverites stuck in stasis as gap widens between

Sep 08, 2014 - The price gap between the starter home and the dream home is widening at a rate that risks keeping first-time ... Full Article


Gauging the gentrification of South Surrey

Aug 12, 2014 - Gone are the days of underdeveloped plots of land as the area becomes the new upper-crust enclave of the... Full Article

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Victoria company’s real estate licence suspended over unauthorized withdrawals from client’s account

Sep 12, 2014 - A Victoria-based commercial real estate company has had its licence suspended following accusations it moved money from a client’s trust... Full Article

50% stake sold in Tsawwassen Commons

Sep 12, 2014 - Backers of a retail complex that will help form the second-biggest shopping centre in British Columbia have taken on a 50% shareholder.... Full Article

Your pension linked to commercial real estate

Sep 10, 2014 - The Canadian Pension Plan Investment Board (CPPIB), which funds Canadian public pensions, is investing heavily into commercial real estate to... Full Article

Industrial sales action belies warning on northeast B.C. slowdown

Sep 10, 2014 - Industrial real estate action in northeast British Columbia appears to belie a Central 1 Credit Union caution of an economic slowdown across the... Full Article

Vancouver housing starts up 11% in August, says CMHC

Sep 09, 2014 - Housing starts in the Vancouver Census Metropolitan area were trending at 20,271 units in August, according to Canada Mortgage and Housing... Full Article

Global real estate firm to host AGM in Vancouver this week

Sep 08, 2014 - More than 600 of fast growing Toronto-based real estate company Avison Young’s 1700 global staff are set to be in Vancouver this week for... Full Article

Tags: Real Estate

Vancouverites stuck in stasis as gap widens between starter home and dream home prices

Sep 08, 2014 - The price gap between the starter home and the dream home is widening at a rate that risks keeping first-time homebuyers stuck in less expensive... Full Article

Building permit values jump 46% in Metro Vancouver: Statistics Canada

Sep 08, 2014 - The value of building permits issued in B.C. shot up 31.7% from June to July owing to more interest in the construction of residential units,... Full Article

Commercial real estate sales strong in 2014 despite no large transactions

Sep 05, 2014 - Commercial real estate sales in British Columbia were strong in the first half of 2014 despite no big "trophy" sales, according to a September 5... Full Article

Gastown maturing into high-tech hub

Sep 04, 2014 - A Vancouver cloud-linked tech giant has become the largest office tenant in Gastown, further evidence that the heritage area is emerging as a hip, ... Full Article

Mobile home parks “recession proof”

Sep 03, 2014 - Mobile home parks are attracting both institutional buyers and small-town investors because they "are recession proof", according to Eugen Klein,... Full Article

Housing in Vancouver remains far from affordable, says RBC

Sep 03, 2014 - Housing in Vancouver became slightly more affordable in 2014’s second quarter, but prices remain well above those found in every other... Full Article

Metro Vancouver home prices up 5% year-over-year in August

Sep 03, 2014 - Higher sales and fewer new listings helped the benchmark Metro Vancouver home price rise 5% to $631,600 in August, compared with the same month a... Full Article

Private investors elbow pension plays out of commercial real estate

Aug 27, 2014 - Private investors have wrestled control of the Vancouver commercial real estate market away from big pension groups and real estate investment... Full Article

Retail tops strata prices in Metro Vancouver

Aug 27, 2014 - New retail space in Richmond is selling for up to $1,035 per square foot in and, overall, retail is the highest price commercial real estate on... Full Article

Vancouver millennials decamping to the ‘burbs

Aug 20, 2014 - It came as a surprise to friends of 26-year olds Lauren Bennett and fiancé Aarron Costello when the pair decided to trade their Kitsilano... Full Article

Watch out for landlords with 13-inch rulers

Aug 20, 2014 - Some commercial real estate tenants are paying for "phantom" space that does not exist, according to lease consultant Dale Willerton, who warns... Full Article

July home sales down but average selling price up in Greater Vancouver

Aug 15, 2014 - Home sales fell 7.8% in July across Greater Vancouver, according to Canadian Real Estate Association statistics released August 15, bringing the... Full Article

Price of new housing in Vancouver dips in June

Aug 14, 2014 - Vancouver saw the price of new housing fall 1.4% in the 12 months to June, Statistics Canada announced August 14. Full Article

High-tech take-up not enough to ease office glut in downtown Vancouver

Aug 13, 2014 - The leasing of 267,000 square feet of office space by tech firms has not been enough to keep Vancouver’s downtown office market from posting ... Full Article

Commercial construction outpaces home building

Aug 13, 2014 - Lower Mainland commercial building permits outpaced the residential sector through the first half of this year and are expected to retain the lead ... Full Article

Gauging the gentrification of South Surrey

Aug 12, 2014 - Gone are the days of underdeveloped plots of land as the area becomes the new upper-crust enclave of the Fraser Valley Full Article

Metro Vancouver housing starts remain stable in July

Aug 11, 2014 - Total housing starts in the Vancouver Census Metropolitan area were trending at 18,345 units in July, according to Canada Mortgage and Housing... Full Article

6.9% of condo investors in Vancouver and Toronto maintain vacant units: survey

Aug 08, 2014 - Condo investors account for less than one-fifth of those who own units in two of North America’s most expensive housing markets, according... Full Article

Vancouver building permits down 22%

Aug 07, 2014 - Vancouver saw a 22.3% drop in building intentions in June compared with a year ago, Statistics Canada announced August 7.... Full Article

LEED Platinum tower first with triple-paned curtain wall

Aug 06, 2014 - The Exchange office tower arising in downtown Vancouver marks not only the first LEED (Leadership in Energy and Environmental Design) Platinum... Full Article

Surrey’s unstoppable industrial development

Aug 05, 2014 - South Westminster/Bridgeview growth remains strong despite rising land costs Full Article

Metro Vancouver home prices rise 4.4% in July

Aug 05, 2014 - Metro Vancouver home prices rose 4.4% to $628,600 in July compared with the same month a year ago, according to Real Estate Board of Greater... Full Article

Online retail growth sparks industrial lease boom

Aug 05, 2014 - Larger, more staff-intensive warehouses are popping up as e-commerce rises Full Article

Most recreational property owners don’t plan to leave property to their children

Jul 31, 2014 - Do you dream of inheriting the beloved family cabin one day and then passing it along to your children? Full Article

Housing sales forecast to hit highest level in five years: BCREA

Jul 31, 2014 - Residential sales will increase 9.8% to 80,100 units in 2014, making it the first time since 2009 that sales climb above 80,000, according to the... Full Article

City floats idea of partnering with private sector to build new aquatic centre

Jul 30, 2014 - City of Vancouver staff has floated the idea of having a private developer build a new aquatic centre at the northern foot of the Granville Street ... Full Article

Vancouver landlords paying record prices

Jul 30, 2014 - Landlords are paying record prices in a "relentless pursuit" of cash-flowing apartment buildings across Metro Vancouver, according to multi-family ... Full Article

Lenders open vaults to commercial real estate

Jul 30, 2014 - Commercial real estate developers and investors rushing to secure low-cost financing amidst fears of higher interest rates are finding a warm... Full Article

Burnaby First supporters voice opposition to Metrotown towers

Jul 25, 2014 - The proposed two-tower "Gold House" development in Metrotown was met with opposition from Burnaby First supporters at the city’s latest... Full Article

What is the wealthiest neighbourhood in Vancouver?

Jul 24, 2014 - Vancouver is consistently rated as the most expensive city in which to live in Canada, which may make it surprising that only 20%...... Full Article

Buyers' market emerges in Metro office market

Jul 16, 2014 - Tenants are taking the driver’s seat in Metro Vancouver’s office sector as vacancy rates hit a nine-year high and lease rates fall,... Full Article

Tags: Real Estate

Greater Vancouver home sales reach highest level in over three years

Jul 15, 2014 - Home sales in Greater Vancouver increased 6.4% in June compared with one month prior, bringing the total number of sales to 2,921 – the... Full Article

LEED storey: green design transforming city office towers

Jul 15, 2014 - Environmental, energy standard triggers innovation in building design and construction Full Article

Departure of Emily Carr University leaves blank canvas

Jul 15, 2014 - Consultants urge brew pub, winery and commissary; others prefer museums, art studios Full Article

Vancouver house prices fall in June as Canada hits ‘cooling trend’

Jul 14, 2014 - Home prices in Vancouver fell in June compared with the previous month while Canada experienced its second smallest month-to-month increase in a... Full Article

Capital costs of major B.C. projects soar to record high of $312 billion

Jul 11, 2014 - Capital costs of major infrastructure projects throughout B.C. hit a record high of $312 billion in the first quarter of 2014, spurred by resort... Full Article

Sticker shock greets developers in B.C.'s north

Jul 09, 2014 - Lower Mainland real estate developers leveraging for a piece of the potential boom in Northern British Columbia should prepare for sticker shock... Full Article

Vancouver home prices on the rise, to increase sharply by the end of the year: Royal LePage

Jul 09, 2014 - Prices for all home types grew in 2014’s second quarter, according to Royal LePage’s house price survey released July 9, and these... Full Article

Vancouver luxury home sales soar though not so much for duplexes

Jul 07, 2014 - Sales for Vancouver homes priced at $1 million or more soared in the first half of 2014 and are expected to "gain momentum" in the second half of... Full Article

More accountability wanted in real estate transactions

Jul 08, 2014 - Condo marketing case raises calls for more real estate regulatory oversight Full Article

Strong sales nudge Vancouver home prices higher

Jul 03, 2014 - Strong sales helped push the benchmark Metro Vancouver home price to $628,200 in June, the Real Estate Board of Greater Vancouver (REBGV)... Full Article

Stronger sales, higher prices expected in Lower Mainland and B.C. housing market

Jul 03, 2014 - The housing market in British Columbia will post stronger sales and increasing prices over the next few years, according to Central 1 Credit... Full Article

Vancouver extends building bylaw. Again.

Jul 02, 2014 - The City of Vancouver has extended the implementation of its controversial new Building Bylaw to next year, giving homebuilders and consumers time ... Full Article

Crane removal marks milestone at Pacific Centre

Jul 02, 2014 - The construction crane that has perched above Pacific Centre’s 725 Granville redevelopment for two years was removed last week, marking a... Full Article

Condos king in Vancouver; rentals rule in the U.S.

Jul 01, 2014 - B.C. condo developers building thousands of rental units in major U.S. centres Full Article

Former MAC Marketing Solutions manager fined and suspended for "false" statements to media

Jun 27, 2014 - The Real Estate Council of British Columbia (RECBC) has both fined and suspended a former employee of MAC Marketing Solutions for committing... Full Article

Nat Bosa buys Victoria's Empress Hotel, plans renovation

Jun 27, 2014 - Vancouver’s Bosa Development has bought Victoria’s iconic Fairmont Empress, owner Nat Bosa confirmed to Business in Vancouver June 27.... Full Article

Tags: Victoria

Inept management led to $369-million loss at Victoria's League group: report

Jun 26, 2014 - A damning report by the monitor overseeing the League group of companies’ restructuring efforts cites inexperienced, inept management and... Full Article

Canadian REITS charge into U.S. rental apartments

Jun 25, 2014 - Lured by the tightest United States rental market in six years, Canadian real estate investment trusts (REITs) are charging into what is seen as... Full Article

Jemi Fibre buys 50,000 hectares in the Kootenays

Jun 25, 2014 - Montreal-based forest manufacturer Tembec (TSX:TMB) has closed the sale of approximately 17,700 hectares of forestland in the East Kootenays to... Full Article

Tags: Real Estate

First-time homebuyers driving Surrey market

Jun 24, 2014 - Parents helping young buyers snatch up properties all over Fraser Valley Full Article

Pure Industrial goes on US$235 million, 11-property buying spree

Jun 19, 2014 - Pure Industrial REIT has agreed to buy 11 U.S. properties for US$235 million, the Vancouver-based industrial real estate investment trust... Full Article

Tags: Real Estate

Vancouver's Mount Pleasant breweries draw developers to 'overlooked' neighbourhood

Jun 19, 2014 - Walking into Brassneck Brewery or 33 Acres Brewing in Vancouver’s Mount Pleasant neighbourhood is a daunting prospect on a Friday night.... Full Article

Oil tanks, drug labs among ugly real estate surprises

Jun 18, 2014 - A Metro Vancouver residential property purchase can reveal some ugly surprises, from marijuana grow-op and meth lab damage to old oil tanks,... Full Article

Investors elbow out retirees for vacation homes

Jun 18, 2014 - British Columbia’s recreational real estate market is heating up this spring, with investors beginning to elbow out retirees in some prime... Full Article

B.C. home sales in May take biggest leap since recession

Jun 16, 2014 - B.C. home sales jumped 13.9% in May compared with the same period a year before — the biggest increase in numbers for the month since before ... Full Article

Home prices drop in Vancouver

Jun 12, 2014 - Home prices in Vancouver dipped 0.03% in May compared with April, according to the Teranet-National Bank National Composite House Price Index... Full Article

Davie Street hotel sells for $31 million

Jun 11, 2014 - B.C.’s R.P.B Holdings has sold Vancouver’s Best Western Sands Hotel for $31 million in a transaction that ranks as one of the highest... Full Article

Boardwalk unloads last B.C. holdings

Jun 11, 2014 - Canada’s biggest residential landlord has unloaded all its British Columbia rental property in a $140 million blockbuster deal that closed... Full Article

White-hot speculation spooks industrial landlords

Jun 11, 2014 - Fraser Valley industrial real estate developers are rolling the dice with a record amount of speculative construction that is causing a white-... Full Article

Apartment vacancy rates drop

Jun 11, 2014 - The apartment vacancy rate in Metro Vancouver dropped more than a full percentage point over the past year, according to Canada Mortgage and... Full Article

Image Development launches one of city’s most “recycled” condo buildings

Jun 10, 2014 - Vancouver’s Image Development Inc. has completed what it says is one of the most recycled buildings in the city.... Full Article

Metro Vancouver housing starts rise in May

Jun 09, 2014 - Total housing starts were trending at 19,001 units in May in the Vancouver Census Metropolitan Area, according to Canada Mortgage and Housing... Full Article

Retirees turning B.C. vacation homes into year-round residences

Jun 06, 2014 - When developer Eric Van Maren began designing a series of vacation homes in the B.C. Interior four years ago, he figured most of the potential... Full Article

Whistler hotel-condo battle reflects frustration with low returns

Jun 04, 2014 - A battle between the manager and owners of a Whistler hotel-complex – which has landed in British Columbia’s Supreme Court against the ... Full Article

Concord Pacific launches flood-protected Calgary project

Jun 04, 2014 - Vancouver-based Concord Pacific has launched a high-end residential development on the banks of Calgary’s flood-prone Bow River.... Full Article

Do the math: Vancouver house prices will reach $7 million

Jun 04, 2014 - The average detached house price on the West Side of Vancouver will reach more than $7 million within ten years, suggests Altus Group, one of... Full Article

Metro Vancouver home prices rise 4.3% in past year

Jun 03, 2014 - Strong sales and demand for properties pushed the benchmark Metro Vancouver home price up to $624,000 in May – 4.3% more than a year ago,... Full Article

Young Vancouver families plan to finance kids' mortgages in the future: BlueShore Financial

Jun 03, 2014 - Many Vancouver children can look forward getting a leg up from their parents when it comes time to buy their first homes, according to a BlueShore ... Full Article

BCREA index signals commercial slowdown

May 30, 2014 - A widely followed index from the B.C. Real Estate Association is signaling a potential slowdown in the commercial real estate sector for the first ... Full Article

Tags: Real Estate

Industrial market spooked by growing glut

May 30, 2014 - Metro Vancouver’s industrial real estate market, which has been fueled by widespread speculation over the past year, has apparently hit the... Full Article

Historic Hotel Vancouver up for sale

May 30, 2014 - The historic Hotel Vancouver is putting up a for sale sign after Quebec’s public pension fund, Caisse de dépôt et placement du... Full Article

Vancouver had most expensive houses in Canada in 2011: Statistics Canada

May 28, 2014 - Not surprisingly, British Columbia led Canada in home value in 2011 — and the value of housing in Vancouver was the highest of any Canadian... Full Article

Two Metrotown towers get approval from Burnaby city council

May 28, 2014 - The next two Station Square highrises are set to join Burnaby’s skyline. Full Article

Housing in Vancouver becoming even less affordable

May 27, 2014 - Rising real estate prices in Vancouver are helping to increase market confidence, but are leading to housing becoming even less affordable, RBC... Full Article

B.C. housing demand to grow: CMHC

May 22, 2014 - Demand for housing in British Columbia is expected to increase this year and next, driven by employment growth and an increasing population,... Full Article

Steel boxes outfitted as luxury LNG workcamps

May 21, 2014 - Vancouver-based BigSteelBox Structures unveiled what they are calling "the world’s most luxurious workcamps" at a liquefied natural gas... Full Article

Coquitlam extends setbacks in climate change preparation

May 21, 2014 - Coquitlam, one of the three Canadian cities involved in an insurance-industry backed pilot program to access threats of climate change, has ruled... Full Article

Tags: Real Estate

New projects aim to revitalize distressed Denman St.

May 20, 2014 - Seasonal strip suffers as downtown core shifts east and landlords stay firm on lease rates Full Article

Wealth transfer to Generation Y key to understanding future real estate trends

May 16, 2014 - Real estate demand from Generation Y, or those aged between 14 and 34 years old, is fueled primarily by loans from parents and grandparents and... Full Article

Bob Rennie supports city's CAC system, opposes referenda

May 15, 2014 - Developers who want the City of Vancouver to modify its controversial system of making developers pay substantial fees every time a rezoning... Full Article

Vancouver house prices hit new high in April

May 14, 2014 - Metro Vancouver house prices are up from March to April, making it the only Canadian city whose prices have gone up 12 months consecutively,... Full Article

Tags: Prices

Vancouver residents worry home ownership slipping away

May 14, 2014 - The question is one Vision Vancouver councillor Geoff Meggs hears a lot: Is it time to declare the future of housing for most people in the city... Full Article

CRE Awards Of Excellence Finalists Announced

May 14, 2014 - NAIOP Vancouver, in partnership with Business in Vancouver, is delighted to announce the finalists for the 2014 Commercial Real Estate Awards of... Full Article

Apartment building investors pay lower mortgage costs

May 14, 2014 - Potential landlords may consider buying apartment buildings rather than houses or condominiums because of the lower mortgage rates and greater... Full Article

Outlier housing markets lead B.C. increase

May 14, 2014 - Smaller markets in British Columbia are posting the highest increases this year as the province has seen an overall 18% spike in residential sales,... Full Article

Vancouver sees country’s biggest jump in apartment construction prices: StatsCan

May 13, 2014 - Construction prices for apartment buildings in the Vancouver census metropolitan area (CMA) increased 3.2% according to Statistics Canada data... Full Article

$400 million waterfront development inches closer to reality in North Vancouver

May 12, 2014 - Site expected to include 800 homes in 18 buildings within 15 years Full Article

Vancouver sees the country’s biggest drop in new home prices

May 08, 2014 - The price of new homes dipped in the twelve months to March, according to the New Housing Price index released by Statistics Canada May 8.... Full Article

Bosa partners with SPUD to boost attractiveness of home grocery delivery

May 07, 2014 - A local developer is partnering with a Vancouver-based online grocery delivery company to make home grocery delivery more attractive for Vancouver ... Full Article

Condo owners ignoring depreciation reports

May 07, 2014 - Fewer than 20% of the 30,000 strata corporations in British Columbia have agreed to acquire depreciation reports, which were mandated for most... Full Article

Vancouver hotels see uptick in revenue

May 07, 2014 - Just a year after having the second-biggest drop in revenues-per-room in the country, Vancouver hotel owners are seeing both occupancy levels and... Full Article

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