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Real Estate

New industrial zoning reviving Railtown; ALR set for review

New industrial zoning reviving Railtown; ALR set for review

Railtown revival I-4 zoning (“historic industrial”) came into effect in Railtown last May, and since then sales activity and development in the 15.5-acre district adjacent to the port has surged.
Housing crunch squeezes students in Kamloops

Housing crunch squeezes students in Kamloops

Hot real estate market collides with rising enrolment at Thompson Rivers University
Apartment landlords in B.C. lobby to nip pot in the bud

Apartment landlords in B.C. lobby to nip pot in the bud

Vancouver lawyer expects pushback from tenant groups and medical marijuana users
Canada’s mortgage changes could hurt overall economy

Canada’s mortgage changes could hurt overall economy

‘Stress test’ will drive borrowers into more expensive financing options, brokers warn
'Million dollar line’ of homes erased

'Million dollar line’ of homes erased

The “million dollar line” that used to divide West Vancouver and most of North Vancouver in the past has all but disappeared, with 98% of single-family homes on the North Shore worth more than $1 million.
Average Vancouver home sale price grew more than 10% year-over-year in December: BCREA

Average Vancouver home sale price grew more than 10% year-over-year in December: BCREA

The average home sale price reached $1,049,424 in Greater Vancouver in December, according to new data from the British Columbia Real Estate Association. This is an increase of 10.7% compared with the average of $948,246 in December 2016.
Vancouver Art Gallery expansion project stalled

Vancouver Art Gallery expansion project stalled

Several new art galleries have opened in B.C. in the last couple of years, but, with $150 million in government support yet to materialize, progress on the long-proposed expanded Vancouver Art Gallery (VAG) remains largely in limbo. Aritzia Inc.
Greater Vancouver home values high due to low inventory levels: Royal LePage

Greater Vancouver home values high due to low inventory levels: Royal LePage

Royal LePage has released its 2017 Q4 House Price Survey (HPS) and it has found that the aggregate home price in Greater Vancouver has increased 8.2% year-over-year to $1,267,769.
CRA targeting one Lower Mainland neighbourhood, comparing high home values to tax filings

CRA targeting one Lower Mainland neighbourhood, comparing high home values to tax filings

Residents of some of the most exclusive neighbourhoods on the North Shore may be targeted by the Canada Revenue Agency (CRA) if their reported income does not appear to support their affluent lifestyles.
New York-based firm buys Pure Industrial Real Estate Trust for $3.8b

New York-based firm buys Pure Industrial Real Estate Trust for $3.8b

Vancouver-based Pure Industrial Real Estate Trust (PIRET) (TSX:AAR.