Real Estate

South Westminster/Bridgeview growth remains strong despite rising land costs

Larger, more staff-intensive warehouses are popping up as e-commerce rises

Residential sales will increase 9.8% to 80,100 units in 2014, making it the first time since 2009 that sales climb above 80,000, according to the British Columbia Real Estate Association’s (BCREA) housing forecast update released July 31.

Do you dream of inheriting the beloved family cabin one day and then passing it along to your children?

City of Vancouver staff has floated the idea of having a private developer build a new aquatic centre at the northern foot of the Granville Street Bridge on land that the city wants to sell.

Commercial real estate developers and investors rushing to secure low-cost financing amidst fears of higher interest rates are finding a warm welcome this summer from a lot more lenders.

Landlords are paying record prices in a “relentless pursuit” of cash-flowing apartment buildings across Metro Vancouver, according to multi-family specialist Dave Goodman of HQ Commercial.

The proposed two-tower “Gold House” development in Metrotown was met with opposition from Burnaby First supporters at the city’s latest public hearing on July 22.

Vancouver is consistently rated as the most expensive city in which to live in Canada, which may make it surprising that only 20% of the top 25 wealthiest neighbourhoods in the country can be found in the Lower Mainland, according to Canadian Business.

Tenants are taking the driver’s seat in Metro Vancouver’s office sector as vacancy rates hit a nine-year high and lease rates fall, according to a report from Colliers International.