Real Estate

The City of Vancouver has approved a controversial condo development, fiercely opposed by those who live nearby, which has followed due planning process and city guidelines to the letter.

The Executive Group expects to get final rezoning approval May 15 to build the 190 residential units and 20,000 square feet of street level shopping and retail between Columbia and Manitoba streets on West 2nd Avenue.

Analysts at Vancouver Real Estate Forum say building owners hoping to raise rates before new towers built

A $4 billion wave of development in Richmond is set to include the Vancouver International Plaza , which would feature three new hotels, a conference centre, office buildings and an entertainment district, Business in Vancouver has learned.

The BC Real Estate Association (BCREA) reported Friday that the dollar volume of homes sold in B.C. through the Multiple Listing Service (MLS) fell 26.5% to $3.8 billion in March, compared with March 2011.

Burnaby’s industrial real-estate market recorded one of its strongest years ever in 2011 with total sales from 55 transactions topping $127 million, according to Avison Young .

Vancouver’s new housing price index slipped 0.2% to 98.2 in February, according to Statistics Canada data released Thursday. Over the same month, Canada’s new national housing price index climbed 0.

Housing starts in the Vancouver Census Metropolitan Area (CMA) were up 26% in March to 1,207 from 958 a year ago, according to Canada Mortgage and Housing Corp. (CMHC) figures released Wednesday.

“Stacked” townhouses, amped up STIR program and non-strata condos likely proposals to counteract unaffordable living costs

Southeast False Creek, Langley-Cloverdale and south Surrey among areas with oversupply, study finds