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British Columbia

Vancouver’s red-hot housing market starting to cool

Vancouver’s red-hot housing market starting to cool

Sales ‘ froth’ coming off as higher supply begins to meet buyer demand across Greater Vancouver, early April data shows
Nanaimo battles to secure the heart of the city

Nanaimo battles to secure the heart of the city

Squatters now control a central plaza as a spike in violence, open drug dealing and break-ins force city to spend $400,000 on downtown security
B.C. budget extends business, tourism support

B.C. budget extends business, tourism support

Province earmarks a further total of $325 million to assist businesses and tourism sector recover from the pandemic
B.C. restricts camping, leisure travel in crackdown

B.C. restricts camping, leisure travel in crackdown

Small motels, private campgrounds hit as province cracks down on non-essential travel and warns Alberta tourists to stay away
Land sales soar as real estate preps for B.C. recovery

Land sales soar as real estate preps for B.C. recovery

Lower Mainland land values soared 28 per cent in 2020 year-over-year to more than $4 billion to lead all commercial real estate sectors
Two First Nations split $37.2 million in B.C. grants

Two First Nations split $37.2 million in B.C. grants

B.C. government funds include lump-sum of $30 million to one Nation and $7.2 million to nine hereditary chiefs in a second
B.C. biggest biomass firm sold for $831 million

B.C. biggest biomass firm sold for $831 million

Purchase of wood pellet producer Pinnacle Renewable Energy Inc. has made U.K-based Drax the world’s largest bioenergy generation and supply company
Harcourt, First Nations tell logging protestors to back off

Harcourt, First Nations tell logging protestors to back off

B.C. Premier and First Nation call for protestors to stop blocking access to a Port Renfrew forestry site where activists say old-growth trees are harvested
Sale closes on Victoria’s Western Speedway site

Sale closes on Victoria’s Western Speedway site

Estate sale of 81 acres – assessed at $20.1 million – means a move by 67-year-old racetrack to prepare for mixed-use development, including a potential film studio
Single sheet of 4x8 plywood now costs more than $65

Single sheet of 4x8 plywood now costs more than $65

Lumber prices have more than doubled in the past year and are still rising, adding another layer of cost to B.C.’s skyrocketing house prices