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Real Estate

BC Tree Fruits sets course for packing-house consolidation

BC Tree Fruits sets course for packing-house consolidation

Core business BC Tree Fruits Cooperative has purchased 85 acres near Kelowna International Airport for a new packing plant and cider facility as part of the ongoing consolidation of its real estate holdings.
Few foreclosures reflect Metro homeowner tenacity

Few foreclosures reflect Metro homeowner tenacity

Most distressed sales believed linked to family issues, not sales and price declines
New hotel supply, sales to reach 10-year high this year

New hotel supply, sales to reach 10-year high this year

National hotel construction and sales volume is expected to exceed historical averages this year, according to a new forecast. In 2019, new supply is expected to increase by 2% – the highest annual rate of growth since the financial crisis of 2008.
Damp April for B.C. home sales, average price down 6.2%: BCREA

Damp April for B.C. home sales, average price down 6.2%: BCREA

Listing inventory builds up across the province, although some regions remain in seller’s market territory
Parq Vancouver’s debt problems spark questions about public incentives

Parq Vancouver’s debt problems spark questions about public incentives

Lease payment obligations halved; construction subsidy provided earlier than required
Task force lists 10 things Burnaby can do right now for the housing crisis

Task force lists 10 things Burnaby can do right now for the housing crisis

"Quick starts" range from tenant relocation to a land value capture for people profiting off of real estate speculation
Parq Vancouver refinances debts to reduce interest payments

Parq Vancouver refinances debts to reduce interest payments

The casino owner has also brought on board a new equity partner
‘Sculptural’ office building envisioned for Mount Pleasant’s West Second Avenue

‘Sculptural’ office building envisioned for Mount Pleasant’s West Second Avenue

Project features angular roofline, along with a glass and concrete exterior
Money laundering drove up B.C. real estate prices by 5%: reports

Money laundering drove up B.C. real estate prices by 5%: reports

Effect on Lower Mainland could be much higher, finance minister says
Vancouver's City Square Mall sold for $225m

Vancouver's City Square Mall sold for $225m

City Square Mall, located across from Vancouver City Hall, has sold for $225 million.