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British Columbia

Huge Burnaby condo development sold by troubled China Aoyuan for $215M

Huge Burnaby condo development sold by troubled China Aoyuan for $215M

Company was facing a cash crunch due to a debt crackdown, leading to a rare sale of a project so far into the city approval process.
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Woodfibre LNG construction set to begin in 2023

Woodfibre LNG construction set to begin in 2023

Squamish will be home to the $1.6 billion project, the second LNG plant in BC
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OPINION: Vancouver’s Broadway Plan: opportunities and the unknown

OPINION: Vancouver’s Broadway Plan: opportunities and the unknown

More than half the properties along Broadway will need to be assembled to meet the minimum frontage required for redevelopment under the plan
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Sharp interest rate hike erodes margins, threatens recession

Sharp interest rate hike erodes margins, threatens recession

While commercial real estate players had expected interest rate hikes, the speed of the increase caught some off guard
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‘Industrial land needs protection in Greater Victoria’

‘Industrial land needs protection in Greater Victoria’

Fast-growing region requires vital industrial land to be sheltered, like the Agricultural Land Reserve, experts say
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Ukraine war, inflation cited as Bank of Canada rate hits 1 per cent

Ukraine war, inflation cited as Bank of Canada rate hits 1 per cent

Rate increases will make qualifying under mortgage stress test harder for many homebuyers
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B.C. median construction values up 61 per cent in two years

B.C. median construction values up 61 per cent in two years

More but smaller projects seen across the province as the big spending shifts back to the Lower Mainland
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Skyrocketing ownership costs point to coming rise in Lower Mainland rents

Skyrocketing ownership costs point to coming rise in Lower Mainland rents

Residential, industrial prices have outstripped rents, meaning there's lots of room for rate growth
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Squamish council rejects bid to redesignate Cheema lands

Squamish council rejects bid to redesignate Cheema lands

Property slated for residential development remains outside growth management boundary
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Alberta MLAs hear landowners' concerns on property rights

Alberta MLAs hear landowners' concerns on property rights

Standing committee travels to southern Alberta this week to receive feedback on Bill 206 – and air complaints on wind turbines and other utility infrastructure
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