Real Estate

Priced five years ago at $37 million after plans for a $650 million golf resort collapsed into bankruptcy, the Wyndansea property on Vancouver Island is back on the market – for less than $8 million.

It is only the stigma associated with trailer parks and the class society created by Vancouver real estate prices that keeps more people from buying $70,000 to $90,000 modular houses, according to realtors, lenders and a developer backed by B.C.’s largest public pension fund.

Experts laud municipality's reinvention of itself as a major city with thriving core

School districts are selling off public property in response to falling enrolment

Debt-laden governments south of the border seek new ways to upgrade US$3.6 trillion in crumbling infrastructure

Housing activity will pick up in coming years as population growth and a stronger economy drive household formation

The sale of an older eight-unit Kitsilano rental apartment building has set a record price of more than $628,000 per suite.

Powell River truck driver Sean Russell wouldn't even have considered the northern British Columbia gas fields if it weren't for the well-equipped 400-bed Encana workcamp where he ended up working 21-day-straight shifts for more than a year.

Perhaps it is a result of the continued increase in house prices in Metro Vancouver. Perhaps it is due to low mortgage rates and the perception that rural prices have hit bottom. Whatever the reasons, the recreational property market in British Columbia is looking better this spring than it has in seven years.

Home sales in the Greater Vancouver area have been healthy thus far this year, due in no small part to the city’s attractiveness to foreign investors and newcomers.