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British Columbia

UPDATE: Powell River sees highest home price hike in B.C.

UPDATE: Powell River sees highest home price hike in B.C.

Powell River’s paper mill has been shut down since April but the coastal town posted B.C.'s highest home price increase in July with a 30 per cent hike from a year earlier.
Record low mortgage rates could last two years

Record low mortgage rates could last two years

Five-year mortgages at 1.89 per cent as Bank of Canada cuts rates for mortgage stress test for second time this year
St. Paul’s Hospital site sold to Concord for approximately $1 billion

St. Paul’s Hospital site sold to Concord for approximately $1 billion

Mixed-use housing and commercial development planned for the aging hospital property on Burrard Street, with sales proceed helping to fund replacement
Trophy properties liven summer listings

Trophy properties liven summer listings

A dramatic Whistler lakefront chateau; a 2,300-acre ranch within the city of Vernon; and 90 acres on Texada Island among rare listings for those seeking an ultimate retreat or investment
Restaurants call for expanded federal assistance

Restaurants call for expanded federal assistance

Restaurants Canada estimates the industry could lose as much as $44.8 billion in annual sales compared to 2019, and says more than half of its membership is currently operating at a loss.
BC Parks buys 520 acres in Haida Gwaii region

BC Parks buys 520 acres in Haida Gwaii region

Province got a good deal according to vendor, who claims he sold below a higher bid on the waterfront parcels.
Bowen Island, Sunshine Coast homes lead pandemic-period price parade

Bowen Island, Sunshine Coast homes lead pandemic-period price parade

Home prices on Bowen Island and the Sunshine Coast have increased more than three times faster than in Greater Vancouver since COVID-19 detected in February
B.C. oceanfront listed at city condo prices

B.C. oceanfront listed at city condo prices

Finding an island waterfront retreat – or investment – need not break the bank as these active listings show
‘V’ recovery too late for some retailers

‘V’ recovery too late for some retailers

Permanent closures – including Army & Navy – pockmark Canada’s retail sector despite reports of a promising sales recovery in May and June
Rent-to-own, ensuite rentals aimed at condo buyers

Rent-to-own, ensuite rentals aimed at condo buyers

Innovative condo concept in Port Moody would see some units sold as rent-to-own and others divided into lock-offs for income-producing rentals