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British Columbia

Site C environmental impact statement released

The massive Site C dam project in B.C. Peace region has taken a step forward as B.C.

Mining "boom" report carries caveats

Mining activity in Canada's north could double in the next decade, says a Conference Board of Canada report, but the forecast appears to undervalue current production and is sprinkled with what ifs and maybes.

Vancouver retail developer expands to Prince George

Vancouver-based Platform Properties plans to build an 110,000-square-foot shopping centre along Highway 16 West in Prince George.

Travel slump hits Victoria hotels

A decline in ferry traffic is partly to blame for a dismal 2012 for Victoria's hotel industry, which saw the average hotel room occupancy rate fall to 62 per cent, down 1 per cent from a year earlier, according to Victoria-based Chemistry Consulting.

CMBS start long recovery to respectability

Commercial mortgage back securities make a $500 million comeback By Sam Brown Canadian commercial property owners have relatively few sources of term financing compared to their US counterparts.

103,000 suites in detached houses across Metro

Many Metro Vancouver homebuyers aren't buying a home simply as a principal residence: they are investing in the property as a partial or full time rental property.

Most industrial space bought, not leased

About 70 per cent of industrial real estate in Metro Vancouver is bought, not leased, according to a NAIOP panel of industrial experts, which estimated that at least 20 per cent of the space is bought by investors, not owner-occupiers.

Dhillon blasts critics in rental heat squabble

The founder and CEO of Calgary-based Mainstreet Equity Corp. says the company did everything possible to restore heat to residents of its Pacific Park apartments in Surrey and has already spent $300,000 in maintaining the building.

B.C.'s new PST will tax iTunes, Netflix

B.C.'s old provincial sales tax (PST) did not apply to digital downloads, notes Vancouver tax analyst and lawyer Terry Barnett, but that will change when the new PST replaces the harmonized sales tax (HST) on April 1.

Creditors face big hit at Tobiano

The troubled 1,000-acre Tobiano golf resort near Kamloops, ranked as among the top 10 courses in Canada, could be sold for less than half the $31 million owned to creditors, according to realtors close to negotiations.