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British Columbia

Board picks "best" Metro Vancouver developments

• Refrigerative Supply Ltd., 8028 North Fraser Way in Burnaby, took an award of merit in the industrial category; • the Vancouver Convention Centre West received an excellence award in the legacy category to honour Winter Olympic related projects.

Pension buys PG mall

The remaining shares of Prince George's Pine Centre Mall have just been purchased by the Canada Pension Plan Investment Board (CPPIB).

Prince George sawmill closes

The Clear Lake sawmill in Prince George will be closing permanently, the latest victim of a prolonged forestry downturn in northern B.C. Canfor Corp. announced the final decision last month to close the mill, located just southwest of Prince George.

Spec builders dominate industrial

Speculative builders continue to dominate Metro Vancouver's industrial market, accounting for 80 per cent of new construction in the second quarter of this year.

Asia leads coal demand

Western Coal Corp. is flying high thanks to continued demand for metallurgical coal in Asia.

Bound for Prince Rupert

The fury of the sub-prime crisis had yet to hit, the market crash and crisis in development financing was a year away and the recession that pounded international trade was yet to come. But looking back, the numbers have largely held up.

Ski resorts see rental slump

B.C.'s 46 ski resorts have seen a drop in average overnight rental revenue, with income falling sharply last season and little recovery expected this winter, according to a BC Stats survey. The survey looked at almost 500 rental properties at B.C.

Buyer's rule in housing market

Since April, overall Greater Vancouver housing prices have decreased 2.8 per cent compared with the all-time high reached in April when the residential benchmark price was $593,419, according to the Real Estate Board of Greater Vancouver.

Province backs NE gas plays

The B.C. government announced plans to inject $115.6 million into the province's northeast gas sector last week just days after a Calgary-based investment dealer slashed its stance on the commodity.

Home builders brush off HST as new starts soar

Despite fears of a housing construction slump after the introduction of B.C.'s harmonized sales tax, new-home starts have more than doubled from a year ago in some markets.