Real Estate

Brisk condo sales, leased retail revitalize Village and help city reduce Games debt

Home sales in B.C. will dip 4% to 73,400 in 2012 before rebounding 7.5% to 78,900 units in 2013, according to the British Columbia Real Estate Association (BCREA)'s 2012 Third Quarter Housing Forecast Update released August 30.

The $1.1 billion that Vancouver rang up in building permits in the first six months of 2012 puts the city on track to have the highest total annual building permits since at least 2007.

NPA blasts city for proceeding with affordable housing initiative before getting council's OK

The marketers of Village on False Creek sold six units on the weekend and are outpacing their own sales expectations, Rennie Marketing Systems owner Bob Rennie told Business in Vancouver yesterday.

Demographics will help B.C. enjoy the strongest increase in housing demand in Canada during the next decade, CIBC economist Benjamin Tal predicted in a report last week.

B.C. housing affordability has eroded for the second consecutive quarter of the year, according to a report released this morning by RBC Economics.

Metro Vancouver's commercial real estate market remains stable, according to the latest CBRE Ltd. reports.

Silver Award winners named

British Columbia Investment Management Corp.’s (bcIMC) Park Place has been awarded LEED Gold certification under the Leadership in Energy and Environmental Design (LEED) Canada 2009 program.