Telling tale of two hotel sales

A bankrupt luxury waterfront property sells to a developer for $5.6 million while B.C. taxpayers pay $14 million for an old motel where the building is assessed at $90,000

Saskatchewan eyes nuclear option

Saskatchewan is considering small nuclear reactors to provide instant zero-emission power anywhere in the province. But it’s a tough sell.

Back to the office? No thanks!

More than two-thirds of British Columbians say they do not feel comfortable leaving the safety of their home office to return to work due to the COVID-19 pandemic. That’s ...

Trans Mountain starts in Kamloops

A seven-kilometre urban section of the Trans Mountain pipeline twinning project has begun in Kamloops, throwing a lifeline to struggling hotels. Trans Mountain Corp. said...

Risk will drive cap rates higher

The COVID-19 crisis has created risk and the result could be higher capitalization rates on commercial real estate in Canada, according to Scott Bowden, managing director ...

Summer camps banned across west

B.C.’s top doctor, Dr. Bonny Henry, announced May 26 that the province has officially banned overnight summer camp to mitigate potential outbreaks of COVID-19. Summer ...

Wood high rises gain support

In a May 27 unanimous vote, Vancouver City council approved a staff recommendation to allow mass-timber construction up to 12 storeys for residential and commercial uses, ...

Site C reboots after pandemic pause

BC Hydro will begin increasing construction activities at Site C, its $9 billion clean-energy power project on the Peace River in northeast B.C. The first increase in ...

Housing dip brutal but brief: Realtors

Federal housing agency forecasts sales will fall up to 29 per cent, home prices will plunge and starts could crater 70 per cent this year. Industry experts beg to differ.

Alberta retail opening gets touchy

Bra fittings usually require a lot of close contact, and it took some planning to make sure staff could serve clients safely, according to Robin Molyneaux of Midnight Magic...

LNG pipeline B.C. spreads nearly cleared

Clearing for the first two spreads of Coastal GasLink pipeline construction through the Peace region is nearly complete. The Surerus Murphy Joint Venture is building the ...

Some business better off staying closed

Some Metro Vancouver businesses could be better off staying closed than risk re-opening during the second phase of the B.C.’s government's plan to safely and gradually ...

Average B.C. home price now $737,834

A total of 3,284 homes were sold in April, according to new data from the British Columbia Real Estate Association (BCREA) – and the average price was up nearly 8 per cent ...

Premier Moe tops up $7.5B stimulus plan

A week after announcing a $7.5 billion, two-year capital plan to stimulate Saskatchewan’s hard-hit economy post COVID-19, Premier Scott Moe has launched a $300 million ...

Edmonton developer wins global award

Beaverbrook Communities of Edmonton has beaten out eight finalists from around the world to win the prestigious Global Royal Town Planning Institute (RTPI) International ...

THE NUMBERS

The number of Canadians who were unemployed increased by 413,000 (36.4 per cent) from February to March, the largest monthly change since comparable data became available ...

Saskatchewan oil industry may shutdown

A global glut in the supply of oil led to oil prices tanking into negative territory, and the result will be a major, if temporary, shutdown of oil production in ...

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