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Real Estate

Vancouver house prices continue to weaken

Vancouver house prices continue to weaken

The latest Teranet-National Bank data shows prices in the region have fallen -3.2% over the last six months
Foreign buyers find purchase in region’s industrial strength

Foreign buyers find purchase in region’s industrial strength

Industrial interest Demand for industrial space in Metro Vancouver continues to outstrip supply, leaving investors and tenants alike scrambling for opportunities. The strength of the market means local buyers now face competition from beyond Canada.
Province expecting $400m hole in property transfer tax revenues

Province expecting $400m hole in property transfer tax revenues

Housing market slowdown has slashed B.C. government’s projected income from purchase taxes, including foreign-buyer tax revenues
‘Non-individuals’ own 10% of B.C. residential property: CMHC

‘Non-individuals’ own 10% of B.C. residential property: CMHC

Non-individual ownership in Kelowna outstrips that in Vancouver
Trio of tall towers proposed for Coquitlam city centre

Trio of tall towers proposed for Coquitlam city centre

Onni seeks to build 49, 45 and 25 storey buildings at Glen Drive and Pinetree Way
Concord sweetens mix in Surrey office options

Concord sweetens mix in Surrey office options

Condo developer blends high-tech workspace into residential towers as office vacancy rate falls to eight-year low
‘High degree’ of vulnerability detected in Vancouver housing market: CMHC

‘High degree’ of vulnerability detected in Vancouver housing market: CMHC

Canada Mortgage and Housing Corporation says more evidence needed to move region's vulnerability to moderate
City of Vancouver says fewer homes declared vacant since tax imposed

City of Vancouver says fewer homes declared vacant since tax imposed

Number of vacant properties decreased by 15% between 2017 and 2018; 53% back on rental market
Anthem Properties partners with Crestpoint to purchase Victoria’s Tillicum Centre for $110m

Anthem Properties partners with Crestpoint to purchase Victoria’s Tillicum Centre for $110m

Vancouver’s Anthem Properties Group Ltd. has partnered with Toronto-based Crestpoint Real Estate Investments Ltd. to purchase Tillicum Centre from RioCan for $110 million, the companies announced this week.
Rising construction costs herald a reckoning for small developers

Rising construction costs herald a reckoning for small developers

Cost pressures A year ago, people wondered how high prices could soar. Presale condo pricing was pushing the envelope across the region, and Bosa had recently sold office space at 320 Granville Street for slightly more than $2,100 a square foot.