Real Estate

Metro Vancouver's population growth is outpacing new housing starts, according to a new Urban Development Institute (UDI) quarterly State of the Market report.

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.

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.

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.

Growers increasingly concerned that unchecked condo expansion and other residential growth in the region threaten to displace valuable crop land

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.

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.

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

The Real Estate Board of Greater Vancouver (REBGV) has a new chief executive officer, the organization’s board of directors announced September 9.

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.