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Real Estate

B.C. residential sales market to slow in 2012

B.C. residential sales market to slow in 2012

According to the Canadian Real Estate Association (CREA), B.C.’s housing market is set to cool in 2012 and 2013 after a hot 2011. In 2011, sales activity was up 2.8%, with 76,721 units being sold.
Sears to close Pacific Centre store

Sears to close Pacific Centre store

Sears Canada Inc. (TSX: SCC) announced this morning that it will close its Pacific Centre location, along with its Calgary Chinook Centre and Ottawa Rideau Centre stores.
Government to spend $116.4m renovating 13 Downtown Eastside hotels

Government to spend $116.4m renovating 13 Downtown Eastside hotels

The federal and provincial governments are partnering with the private sector to renovate 13 provincially owned single-room-occupancy (SRO) hotels in the Downtown Eastside over the next 15 years. Ottawa will provide $29.
Contractors exposing workers to asbestos fined

Contractors exposing workers to asbestos fined

Fifteen per cent of the penalties imposed against B.C. companies for work-related health and safety violations were related to exposing workers to asbestos, according WorkSafeBC ’s 2011 annual report.
Supply crunch slows B.C.’s commercial real estate: Avison Young

Supply crunch slows B.C.’s commercial real estate: Avison Young

The value of B.C.’s commercial real estate transactions dropped to $1.483 billion in 2011, down from the record-setting $1.
VRCA launches sustainable construction certification program

VRCA launches sustainable construction certification program

To promote corporate sustainability strategies in the construction sector, Vancouver Regional Construction Association (VCRA) has launched the Excellence in Sustainable Construction (ESC) Certification Program.
SFU students to vote on new building

SFU students to vote on new building

Simon Fraser University ’s (SFU) Burnaby campus could get a new 100,000-square-foot student union building and a 2,500-seat outdoor stadium if undergraduate students approve the proposal in a March 20-22 referendum.
Roadside suspension law hurts business: developer

Roadside suspension law hurts business: developer

Amacon owner and vice-president Donato Decotiis is petitioning the Supreme Court of British Columbia to allow him to drive, arguing that the law allowing police officers to issue immediate roadside driving bans has been ruled unconstitutional since h

Seniors' housing needs not being addressed

B.C.'s standard for subsidized accommodation undermining private-sector market incentive
Hotel condo prices plummet

Hotel condo prices plummet

Developers must find a fresh financing formula as prices for shared hotel units in British Columbia prove a fiscal bust for investors