Real Estate

Montreal-based forest manufacturer Tembec (TSX:TMB) has closed the sale of approximately 17,700 hectares of forestland in the East Kootenays to Vancouver and Nanaimo-based Jemi Fibre Corp. (TSX-V:JFI).

Parents helping young buyers snatch up properties all over Fraser Valley

Pure Industrial REIT has agreed to buy 11 U.S. properties for US$235 million, the Vancouver-based industrial real estate investment trust announced after markets closed on June 19.

Walking into Brassneck Brewery or 33 Acres Brewing in Vancouver’s Mount Pleasant neighbourhood is a daunting prospect on a Friday night.

A Metro Vancouver residential property purchase can reveal some ugly surprises, from marijuana grow-op and meth lab damage to old oil tanks, aboriginal middens or a heritage designation, all of which can prove costly to the buyer.

British Columbia’s recreational real estate market is heating up this spring, with investors beginning to elbow out retirees in some prime vacation areas, according to the 2014 Royal LePage Recreation Property Report.

The Nature Trust of British Columbia has paid an Okanagan landowner $50,000 per acre for 30.4-aces (12.3 hectare) of brush land in the southern Okanagan, a price that local real estate professionals say is a hefty premium.

B.C. home sales jumped 13.9% in May compared with the same period a year before — the biggest increase in numbers for the month since before the 2008 recession.

Home prices in Vancouver dipped 0.03% in May compared with April, according to the Teranet-National Bank National Composite House Price Index released June 12.

Fraser Valley industrial real estate developers are rolling the dice with a record amount of speculative construction that is causing a white-knuckle reaction in some quarters.