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British Columbia

Condo buyers urged to check strata fees

By Frank O'Brien A local real estate expert is warning condo owners to check their strata fees are sufficient, after a recent legislative change that allows strata corporations to require owners pay for certain repairs, if a majority of strata member

Under-construction Tsawwassen mega-mall hooks major retail anchor

Outdoor retailer Bass Pro Shops will open a 145,000-square-foot outlet, joining Walmart and Rona as anchors, in the giant shopping centre complex being developed in South Delta.

City office development incentives questioned

“The City is encouraging much more office development than would be taking place under normal market conditions,” said Brady Fleguel a principal with property appraisers Burgess, Cawley, Sullivan Associates Ltd, who believes only one new tower would

Credit Suisse breaks ground on $200 million tower despite no tenants

The building will use half the energy of a traditional office building, said Credit Suisse. The design includes solar thermal panels, storm water retention and reuse and geo-exchange thermal regulators.

Vendor misconceptions limiting industrial real estate sales: Avison Young

Industrial real estate sales in 2013 were dampened because of vendor misconceptions relating to potential land-use options, according to a January 20 Avison Young market report.

First office space rented in Pacific Centre

The law firm of Miller Thomson LLP is the first client to lease office space in the redeveloped Pacific Centre property in downtown Vancouver, according to Cadillac Fairview Corporation.

Troubled Victoria developer League forced to liquidate properties

“A big part of the responsibility is we need to make sure the process itself isn’t depressing the value,” Parkinson said.

Hardhats trump tourists in motel market

Dombowsky said there is a gap between what buyers are willing to pay and what vendors expect to get. Prices are down at least 25 per cent from the 2008 peak he said, with franchise (or flagged) motels achieving the better sale prices.

Northern BC tenants had no heat in –40C cold

Tom Durning of the Tenant Resource and Advisory Centre in Vancouver said he was shocked when he learned nearly two dozen residents of the Westmont Apartments in Fort St. John had been living without heat for three months as the northern B.C.

Landlords squeezed under rent cap

In 2014, B.C. landlords can raise the rent by a mere 2.2 per cent. Why 2.2 per cent? It is based on the official inflation rate in July of last year, which was pegged at .02 per cent. However, as the B.C.