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British Columbia

Calgary initiates expropriation process for rapid transit project

Calgary initiates expropriation process for rapid transit project

Backlog at Alberta land titles office demanded early action to keep construction on track
Developer donates Victoria-area houses rather than demolish them

Developer donates Victoria-area houses rather than demolish them

Edmonton-based developer TLA Developments is clearing the Esquimalt, B.C., site for a 46-unit condominium project
Breaking: Nordstrom closing all stores in Canada

Breaking: Nordstrom closing all stores in Canada

Seattle retail giant says it can’t see a path to profitability in this country
Housing sales perk up in Greater Vancouver, Valley, Victoria

Housing sales perk up in Greater Vancouver, Valley, Victoria

February sales soared 77 per cent month over month in Greater Vancouver, 65 per cent in Victoria and 43 per cent in the Valley
Leading indicator spots slowing of 'highly abnormal' CRE market

Leading indicator spots slowing of 'highly abnormal' CRE market

Quarterly index reveals dip in commercial real estate sector late in 2022 as it continued a six-month downward trajectory
Alberta Budget: soaring revenues launch a spending spree

Alberta Budget: soaring revenues launch a spending spree

With a $2.4 billion surplus, province will invest a record $24.5 billion into health care as oil and gas revenues reach a new high of $76 billion this year
B.C. Budget forecasts $4.2 billion deficit, ‘leaves economy out’

B.C. Budget forecasts $4.2 billion deficit, ‘leaves economy out’

‘The Budget is essentially silent on an economic strategy,’ despite big spending, Board of Trade says – but non-profit housing groups praise it
Vancouver leads nation in office completions, lowest vacancy rate

Vancouver leads nation in office completions, lowest vacancy rate

Nine of the 12 new office towers in Canada opened in Vancouver in Q4 2022 and 28 other projects are under construction across the Metro region
B.C. blue-collar towns take the blow of forestry shutdowns

B.C. blue-collar towns take the blow of forestry shutdowns

More than 850 jobs lost across B.C. in last two months, including 300 each in hard-hit Prince George and Houston, as a cascade of saw and pulp mill closures continue
Nature Trust of B.C., feds buy 76 acres of Saturna Island for $1 million

Nature Trust of B.C., feds buy 76 acres of Saturna Island for $1 million

Land was purchased to protect sensitive fauna and wildlife from development, and is near previously purchased 143-acre conservation area on Saturna