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Real Estate

B.C. pension fund sells twin Calgary office towers

B.C. pension fund sells twin Calgary office towers

The Chicago investment group that purchased the Bow Tower in August has paid BCI $475 million for the fully leased twin-tower office complex in downtown Calgary
Challenging deal lands $300m Richmond parcel

Challenging deal lands $300m Richmond parcel

Keltic’s purchase of 27 acres took nearly 10 months to close as the biggest Metro Vancouver land transaction so far in 2021
New buyers drawn by highest rents, cheapest mortgages

New buyers drawn by highest rents, cheapest mortgages

Many landlords eager to bail out as anomaly defines Metro’s multi-family market
Surrey guarantees rezoning, building permit timelines

Surrey guarantees rezoning, building permit timelines

City first in Metro to guarantee turnarounds for commercial rezoning applications
Typical Greater Vancouver condo now costs $752,800

Typical Greater Vancouver condo now costs $752,800

Market shift sees condominium apartment sales surging but November benchmark prices are 11.4% higher than a year ago and still rising by nearly 1% a month
Wild weather threatens Kelowna’s building boom

Wild weather threatens Kelowna’s building boom

Developers, suppliers, truckers scramble to patch B.C.’s damaged supply chain
Mom-and-pop investors lead blowout sale of 365 condos

Mom-and-pop investors lead blowout sale of 365 condos

Central Surrey’s Flamingo tower a near sell-out in weekend buyer blitz
BC CEO Awards: Ryan Beedie

BC CEO Awards: Ryan Beedie

Top developer leads by example by taking his B.C. company into new markets and spearheading multimillion-dollar philanthropic endeavours
Burnaby sells 17-acre property for $136m to make way for film studio

Burnaby sells 17-acre property for $136m to make way for film studio

The facility will be built at 3990 Marine Way
Business up for commercial real estate brokerages

Business up for commercial real estate brokerages

Median number of agents at B.C.’s largest brokerages has grown 50% since 2019