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British Columbia

Court ‘downzoning’ ruling spooks residential developers

Court ‘downzoning’ ruling spooks residential developers

New Westminster bylaw that retroactively rezoned 230 condominiums as rentals and banned owner-occupiers has won a BC Supreme Court ruling
Foreign home buyers have nearly vanished from Metro market

Foreign home buyers have nearly vanished from Metro market

Home sales to foreign buyers have barely registered in Metro Vancouver since the pandemic began, but data shows disappearing act started with hefty provincial tax
Scammers trying to steal homes and sell them online

Scammers trying to steal homes and sell them online

The Land Title and Survey Authority of B.C. has issued a warning about two attempts to steal residential property — "one of which was successful"
UPDATE: Real estate investing, Part 3: REITs worth a look

UPDATE: Real estate investing, Part 3: REITs worth a look

Real estate investment trusts provide an opportunity to invest in commercial real estate sectors that are forecast to see an upturn this year
$97,000 parking stalls raise concerns in Prince George

$97,000 parking stalls raise concerns in Prince George

Ballooning budget for 315-stall downtown parking lot cost city taxpayers $34.16 million, nearly three times the original estimate
Bricks-and-mortar stores anchor B.C.’s biggest developments

Bricks-and-mortar stores anchor B.C.’s biggest developments

If face-to-face retail is really at death's door, some of B.C.’s most experienced developers and investors failed to get the memo
New 32-storey office tower set for Vancouver

New 32-storey office tower set for Vancouver

Joint venture with Reliance Properties is first step into Vancouver by Texas-based mega-developer Hines
B.C. bans in-restaurant dining until April 19

B.C. bans in-restaurant dining until April 19

Whistler-Blackcomb also closed as COVID-19 cases jump to highest level since peak of the second wave of the pandemic
$43.6 billion transferred from Hong to Canada in 2020

$43.6 billion transferred from Hong to Canada in 2020

Record capital transferred out of Hong Kong to Canada last year may only be a fraction of the actual total coming in, FINTRAC officials say
More than half of 'hard-hit' businesses will not survive 2021

More than half of 'hard-hit' businesses will not survive 2021

Survey claims that up to 60 per cent of hardest-hit businesses will not be open by year-end if federal CEWS and CERS program are not extended past June