Real Estate

City suffers highest annual negative absorption on record

Brentwood mall’s first tower and a business centre in the Big Bend shopping centre are heading for public hearing next month.

Homes in Vancouver and Toronto are overvalued by 10% to 15%, compared with an average of 8% in other regions of Canada, a new TD Economics report concludes.

Residential sales in the province are set to grow over 2014, according to the British Columbia Real Estate Association's (BCREA) 2014 First Quarter Housing Forecast Update published January 30.

As Vancouver Mayor Gregor Robertson welcomed a new $200 million office tower start in downtown Vancouver last week, industry observers questioned whether municipal incentives are encouraging a glut of office space.

Work is now underway on a new 35,000-square-metre luxury goods mall at Vancouver International Airport.

Outdoor retailer Bass Pro Shops will open a 145,000-square-foot outlet, joining Walmart and Rona as anchors, in the giant shopping centre complex being developed in South Delta.

Vancouver-based Hungerford Properties plans to transform what was once Calgary’s largest manufacturing plant into a massive business park by this summer.

60-year-old development firm Beedie Group has expanded tenfold in past 20 years

Bonnis Properties, City of Vancouver, community groups and potential new owner in negotiations to open door to six-storey condominium development project