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Real Estate

New home sales to remain steady, vacancy rates low: UDI

New home sales to remain steady, vacancy rates low: UDI

Metro Vancouver's population growth is outpacing new housing starts, according to a new Urban Development Institute (UDI) quarterly State of the Market report.
Vancouver and Victoria the only Canadian cities with new home price drops: StatsCan

Vancouver and Victoria the only Canadian cities with new home price drops: StatsCan

New housing prices increased by 1.9% nationwide in July compared with the previous year, while Vancouver and Victoria were the only two cities in the country where prices dropped, according to Statistics Canada data released September 12.
Multiple small transactions driving B.C. commercial real estate: report

Multiple small transactions driving B.C. commercial real estate: report

A near-record number of transactions helped propel B.C. commercial real estate in 2013’s first half, according to an Avison Young report released September 11.
Westport to become anchor tenant at Marine Gateway

Westport to become anchor tenant at Marine Gateway

Vancouver’s Westport Innovations (TSX:WPT) will become the anchor tenant at the Marine Gateway development on Cambie and Marine Drive, developer PCI Developments Corp. and Mayor Gregor Robertson announced in a joint statement September 10.
Enlightened agriculture strategy seen as key to balancing development in Surrey

Enlightened agriculture strategy seen as key to balancing development in Surrey

Growers increasingly concerned that unchecked condo expansion and other residential growth in the region threaten to displace valuable crop land
Housing starts up in August: CMHC

Housing starts up in August: CMHC

Housing starts in the Vancouver Census Metropolitan Area were trending at a higher level in August compared with July, according to Canada Mortgage and Housing Corporation (CMHC) data released September 10.
B.C. building permits decline in July: StatsCan

B.C. building permits decline in July: StatsCan

The total value of building permits issued in British Columbia in July was $816 – a drop of 8.2% compared with June, according to Statistics Canada data released September 9.

Darren Latoski passes away at 44 years old

Vancouver real-estate entrepreneur Darren Latoski, 44, passed away September 7 after a battle with cancer.
REBGV announces new CEO

REBGV announces new CEO

The Real Estate Board of Greater Vancouver (REBGV) has a new chief executive officer, the organization’s board of directors announced September 9.
Commercial real-estate sales down in Lower Mainland: REBGV

Commercial real-estate sales down in Lower Mainland: REBGV

Both the total number of commercial real-estate sales and the total dollar value of all commercial transactions in the Lower Mainland were down in 2013’s second quarter, according to Real Estate Board of Greater Vancouver data released September 5.