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Real Estate

Land-assembly investor sued over $40m Burnaby flip gets reprieve from judge

Land-assembly investor sued over $40m Burnaby flip gets reprieve from judge

Judge who previously ordered businessman to pay $1.15m refuses to also make him pay special costs, as his conduct was ‘insufficiently reprehensible’
Jumbo failure highlights ski resort developers’ uphill fight

Jumbo failure highlights ski resort developers’ uphill fight

Development groups in Valemount and near Squamish tout projects’ economic benefits
Developers paint bleak picture of Metro Vancouver’s future under status quo

Developers paint bleak picture of Metro Vancouver’s future under status quo

Region can embrace global status or become a “museum city,” says industry panel at forecast event
Vancouver ranked second least affordable housing market in the world

Vancouver ranked second least affordable housing market in the world

Study also highlights how ‘middle class is under threat’
Metro Vancouver’s apartment building sales drop in tight rental market

Metro Vancouver’s apartment building sales drop in tight rental market

Vacancies flat According to Simon Fraser University associate professor Josh Gordon, the biggest driver of rental vacancies in a given market is economic activity.
Developer seeks 35 more units for West Vancouver Earls site tower

Developer seeks 35 more units for West Vancouver Earls site tower

A developer is seeking to add more units to an already approved but not yet built tower project in the District of West Vancouver, bordering the District of North Vancouver.
Construction firm Nexii taps former Vancouver mayor Gregor Robertson as VP

Construction firm Nexii taps former Vancouver mayor Gregor Robertson as VP

What happened: Vancouver construction firm hires city’s former mayor as vice-president Why it matters: Nexii and Gregor Robertson say the company’s proprietary building material can have a positive environmental impact Vancouver’s former mayor is tak
Tri-Cities wrestle with surging real estate demand

Tri-Cities wrestle with surging real estate demand

Developers face spiralling costs and political uncertainty as they attempt to deliver workspace and housing in Coquitlam, Port Coquitlam and Port Moody
Rental policies, new supply fail to ease vacancy rates or suppress rent hikes

Rental policies, new supply fail to ease vacancy rates or suppress rent hikes

Pent-up demand for rental homes across Metro Vancouver puts overall vacancy at tight 1.1 per cent, with rents up by nearly double rent-control figure
Vancouver’s weak luxury-home sector dragging on overall recovery: Sotheby’s

Vancouver’s weak luxury-home sector dragging on overall recovery: Sotheby’s

While $1 million-plus home sales recovered overall in second half of year, $4 million-plus resale transactions declined further, especially among high-end condos