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Real Estate

Soaring industrial land prices define a strong sector

Soaring industrial land prices define a strong sector

Metro Vancouver industrial selling way above assessed value as deals top $100 million a month, but rising subleases may give spec developers pause
Burnaby condo owners ordered to pay developer back $1.3 million

Burnaby condo owners ordered to pay developer back $1.3 million

Court ruled that 202 owners are on the hook for shared building costs that had been unpaid since the Burnaby tower opened five years ago
Creditor protection extended for flagship timber tower

Creditor protection extended for flagship timber tower

Developers of a landmark heavy-timber condo tower in Vancouver have had protection extended as creditors seek $46.7 million
Landlords squeezed as insurance premiums skyrocket

Landlords squeezed as insurance premiums skyrocket

Premiums for B.C. multi-family rental buildings have soared as much as 100%
Fraser Valley home sales increase leads province

Fraser Valley home sales increase leads province

August sales were up 56 per cent in the Fraser Valley and 63 per cent in Chilliwack as price increases hit double-digits
Vancouver mayor touts new housing program for middle-income earners

Vancouver mayor touts new housing program for middle-income earners

Proposal opens door for property owners to build up to six small homes on one lot
Updated: New regulatory changes to address strata insurance crisis

Updated: New regulatory changes to address strata insurance crisis

The province is proceeding with several changes designed to bring greater transparency to the strata condo insurance market
B.C. home sales climb 43% in August

B.C. home sales climb 43% in August

Strong year-over-year sales are expected to continue into fall, according to the British Columbia Real Estate Association
New ‘blank canvas’ concept cuts Vancouver condo price

New ‘blank canvas’ concept cuts Vancouver condo price

With only kitchen and bathroom completed, buyers expected to finish rest of the space
B.C. government ends freeze on rent hikes starting December 2020

B.C. government ends freeze on rent hikes starting December 2020

Landlords will be able to raise rents by 1.4% starting in 2021