Real Estate

Hotel costs mean high strata fees but also deliver five-star lifestyle

New forms of housing, increased density to diversify single-family focused areas

Business case for developing hotels in Vancouver viable only if residential units are included

Investment in non-residential construction in Metro Vancouver has continued its upward trend for the fifth consecutive quarter, hitting a record high in Q1 of 2013, according to the Vancouver Regional Construction Association's analysis of data from Statistics Canada.

Multi-family residential property prices in B.C. strengthened in 2012 as rental returns for owners reached 20-year lows, according to Avison Young’s spring 2013 B.C. multi-family investment report, which was released April 17.

Vancouver’s central business district has Canada’s most expensive office space and the 29th most expensive office space worldwide, according to Cushman & Wakefield’s report Office Space Across the World 2013.

The definition of “luxury home” varies widely across the country, according to a Sotheby’s International Realty Canada report released this morning.

Surrey development company Tien Sher plans to start selling Canada’s smallest condos – starting at just 297 square feet – to the public at noon on April 20, spokesperson Ross Sullivan confirmed to Business in Vancouver April 16.

Homeowners who smoke may be paying more for their fix than they realize.

CIBC World Markets predicts 2013 will be fifth year in a row that real estate investment trust returns surpass TSX composite average