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Real Estate

Young developers frustrated by apathy, vocal minority and civic priorities

Young developers frustrated by apathy, vocal minority and civic priorities

Younger developers on a September 18 panel discussion voiced frustrations about how the “silent majority” is sidelined from civic decision-making, which has been co-opted by a vocal minority of Twitter users and seniors with plenty of time on their h
Residential leads construction – even in “booming” north

Residential leads construction – even in “booming” north

More than twice as much money is being spent on building homes in British Columbia than on all industrial, commercial and government projects combined and the trend is seen even in areas touted as the province’s resource boomtowns.
Price gap freezing mid-level homeowners in place

Price gap freezing mid-level homeowners in place

Sales of homes priced at more than $1.1 million soared 18% in Vancouver this year while sales of homes priced between $300,000 and $500,000 eked out a mere 0.5% increase, according to study by CIBC World Markets.
Pure vision for growth

Pure vision for growth

Pure Industrial Real Estate Trust has nearly doubled its market cap in the past year while keeping administrative costs in check
Japanese look to British Columbia for wood, wisdom; B.C. teachers’ standoff the legacy of lost HST dollars

Japanese look to British Columbia for wood, wisdom; B.C. teachers’ standoff the legacy of lost HST dollars

Rising opportunities Tall wood buildings were a key focus for international buyers that industry association BC Wood hosted the first week of September. B.C. building code changes allowed wood buildings of up to six storeys in B.C.
New tenants revitalize Kerrisdale but many stores remain empty

New tenants revitalize Kerrisdale but many stores remain empty

National, international tenants take space as lease rates dip
Property owners cash in on West End community plan

Property owners cash in on West End community plan

$120 million office tower sale spurred by new policy that allows extra density
Victoria company’s real estate licence suspended over unauthorized withdrawals from client’s account

Victoria company’s real estate licence suspended over unauthorized withdrawals from client’s account

A Victoria-based commercial real estate company has had its licence suspended following accusations it moved money from a client’s trust account without authorization. The Real Estate Council of B.C.
Vancouver home sales up 10.3% year-over-year in August

Vancouver home sales up 10.3% year-over-year in August

The number of residential units sold in Greater Vancouver jumped 10.3% in August compared with the same month a year ago.
Your pension linked to commercial real estate

Your pension linked to commercial real estate

The Canadian Pension Plan Investment Board (CPPIB), which funds Canadian public pensions, is investing heavily into commercial real estate to balance assets of $226.8 billion in an ultra-long term investment strategy.