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Real Estate

Pricey multi-family buildings endure ultra-low capitalization rates

Pricey multi-family buildings endure ultra-low capitalization rates

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 has Canada’s priciest office space

Vancouver has Canada’s priciest office space

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.
Luxury home criteria vary widely across Canada: Sotheby’s

Luxury home criteria vary widely across Canada: Sotheby’s

The definition of “luxury home” varies widely across the country, according to a Sotheby’s International Realty Canada report released this morning.
Canada’s smallest condos go on sale in Surrey April 20

Canada’s smallest condos go on sale in Surrey April 20

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.
Smoking can damage house prices: Pfizer study

Smoking can damage house prices: Pfizer study

Homeowners who smoke may be paying more for their fix than they realize.
REIT executives eye acquisitions in high-growth areas

REIT executives eye acquisitions in high-growth areas

CIBC World Markets predicts 2013 will be fifth year in a row that real estate investment trust returns surpass TSX composite average
Sky-high property costs stalling much-needed densification of Metro Vancouver’s industrial lands

Sky-high property costs stalling much-needed densification of Metro Vancouver’s industrial lands

But brokers say intensifying development is helping alleviate limited supply problem
Vancouver home sales up in March: CREA

Vancouver home sales up in March: CREA

Home sales in Vancouver were up in March compared with February, according to Canadian Real Estate Association (CREA) data released this morning.
New survey could save rental property owners money

New survey could save rental property owners money

The developer of a new data collection tool says it could help rental property owners ensure their buildings are as profitable as the one next door.
Anti-gentrification protests fail to dampen Downtown Eastside investment initiatives

Anti-gentrification protests fail to dampen Downtown Eastside investment initiatives

Land sales, new projects hint at ongoing renewal of heritage and derelict properties