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Real Estate

Surrey LRT collides with higher land values

Surrey LRT collides with higher land values

Hope for affordable housing along Surrey’s new light-rail transit (LRT) line route has collided with land banking and speculation that have driven residential land prices up 100% in the past two years.
Housing affordability still a top B.C. real estate concern: survey

Housing affordability still a top B.C. real estate concern: survey

Top of mind Vancouver council voted last week to manage the city’s non-market housing assets as a single real estate portfolio, one worth $2 billion.
Whistler Blackcomb to increase dormitory housing for employees

Whistler Blackcomb to increase dormitory housing for employees

Ski resort to add 200 dorm beds to current 1,470-bed supply
Toronto investment firm buys downtown Vancouver office building for $225m

Toronto investment firm buys downtown Vancouver office building for $225m

Toronto’s Crestpoint Real Estate Investment has purchased a Vancouver Class A office building for approximately $225 million, or more than $1,000 per square foot.
Task force recommends decreasing annual rent increase cap in B.C.

Task force recommends decreasing annual rent increase cap in B.C.

Renters in British Columbia were recently notified they could soon be paying up to 4.5% more in rent – the biggest increase in more than a decade – but they may be in for a bit of a break in the future.
West Van moves below-market apartments ahead

West Van moves below-market apartments ahead

Plan would dedicate Ambleside land for 170 housing units
Renovator offers cash reward for hiring tips

Renovator offers cash reward for hiring tips

Up to $1,000 bounty offered for carpenter, supervisor
Property ownership transparency pushed in B.C.

Property ownership transparency pushed in B.C.

BC NDP’s proposed legislation is aimed at removing anonymity in real estate deals
City’s commercial real estate investment headed for record year

City’s commercial real estate investment headed for record year

Strong start CBRE Ltd. was the first major brokerage to release data indicating the strength of Canada’s investment market in 2018, and the numbers look good for Vancouver. CBRE lauded the second quarter as a record for Canada as a whole, with $16.
City of North Van council approves 187-foot tower, pockets $17 million

City of North Van council approves 187-foot tower, pockets $17 million

Money can be used for recreational centre, affordable housing, councillor says