Real Estate

Consultants urge brew pub, winery and commissary; others prefer museums, art studios

Environmental, energy standard triggers innovation in building design and construction

Home sales in Greater Vancouver increased 6.4% in June compared with one month prior, bringing the total number of sales to 2,921 – the highest level in more than three years – according to the Canadian Real Estate Association.

Low house prices, good job prospects lure young Vancouverites

Home prices in Vancouver fell in June compared with the previous month while Canada experienced its second smallest month-to-month increase in a decade, according to the Teranet–National Bank Composite House Price Index (HPI).

Capital costs of major infrastructure projects throughout B.C. hit a record high of $312 billion in the first quarter of 2014, spurred by resort projects and residential complexes.

Prices for all home types grew in 2014’s second quarter, according to Royal LePage’s house price survey released July 9, and these prices are expected to grow significantly by the end of 2014.

Lower Mainland real estate developers leveraging for a piece of the potential boom in Northern British Columbia should prepare for sticker shock prices.

Condo marketing case raises calls for more real estate regulatory oversight

Sales for Vancouver homes priced at $1 million or more soared in the first half of 2014 and are expected to “gain momentum” in the second half of the year, according to a report that Sotheby’s International Realty Canada released late July 7.