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Real Estate

Office, industrial markets face low vacancy rate, tight supply

Office, industrial markets face low vacancy rate, tight supply

All cylinders Metro Vancouver’s office market is firing on all cylinders, with Ross Moore, senior vice-president in the Vancouver office of tenant representation firm Cresa Global Inc., reporting that absorption hit near-record levels in 2017.
Budget 2018 earmarks more than $6 billion for affordable homes over next decade

Budget 2018 earmarks more than $6 billion for affordable homes over next decade

Foreign-buyer tax is also being increased
Avigilon closes $108m sale of downtown Vancouver office tower

Avigilon closes $108m sale of downtown Vancouver office tower

Vancouver tech firm makes tidy profit after purchasing tower for $42m in 2015
Burrard Place redevelopment progresses

Burrard Place redevelopment progresses

The second phase of Reliance Properties and Jim Pattison Developments’ Burrard Place development broke ground February 14 as workers stared excavating land at the corner of Burrard and Drake streets for a 13-storey, 146,000-square-foot office tower t
Office towers start with no leases signed

Office towers start with no leases signed

Burrard Place not only tower rising “with no tenants at this time”
Construction wages expected to increase 10%: ICBA

Construction wages expected to increase 10%: ICBA

In the wake of announcements that construction job growth will increase substantially over the next 3 years, a recent survey indicates that construction wages will also increase nearly 10% over the next couple years.
Making modular more than a temporary homeless fix

Making modular more than a temporary homeless fix

Modular housing has been gaining ground not only as a viable option to end homelessness, but also as a solution to multiple issues surrounding affordability.
Speculation is best hope for housing supply, developers say

Speculation is best hope for housing supply, developers say

While the February 13 B.C. Throne speech hinted that attacking speculation is part of the answer to reducing housing costs in Metro Vancouver, developers say the reverse is true.
Is housing affordability on the BC NDP’s 2018 budget menu?

Is housing affordability on the BC NDP’s 2018 budget menu?

Budget promises B.C. Finance Minister Carol James will have the spotlight February 20 when she delivers the BC NDP’s first full-fledged provincial budget in 17 years.
Developers making tracks to Vancouver’s Railtown

Developers making tracks to Vancouver’s Railtown

Zoning change allows density for light industrial in lower Downtown Eastside