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British Columbia

Burnaby issues RFO for 'prime' 17-acre industrial site

Burnaby issues RFO for 'prime' 17-acre industrial site

Minimum bids start at $63 million for site in Big Bend area, and city prefers light-industrial/ office development or a film production studio
Local buyers keep Victoria housing market steaming

Local buyers keep Victoria housing market steaming

House prices now third-highest in Canada though out-of-province, foreign buyers have virtually vanished
Gas producers push for $6B in B.C. investments

Gas producers push for $6B in B.C. investments

B.C. could overtake Alberta as the Canada’s No.1 natural gas producer as environmental measures produce a premium payback
Metro Vancouver rental vacancy rate highest in 21 years

Metro Vancouver rental vacancy rate highest in 21 years

While overall rental vacancies increased to 2.6 per cent, new Vancouver buildings saw vacancy rates soar to 8.7 per cent In 2020
Telus, Omicron bid to join Nanaimo rental-building boom

Telus, Omicron bid to join Nanaimo rental-building boom

Island city is seeing a rush of multi-family developers from Vancouver, Alberta and Manitoba as institutional construction also increases
Hardest hit business aid starts February 1

Hardest hit business aid starts February 1

Federal relief package for ‘highly-affected sectors’ requires applicants show revenue decline of 50 per cent – which should not be a problem
$22 million land sale sets record in Kelowna

$22 million land sale sets record in Kelowna

The sale of 190 acres of residential development land is the largest MLS transaction in central Okanagan history
Land values double as commercial sales slip

Land values double as commercial sales slip

Despite lower sales, the value of commercial land in B.C.’s Lower Mainland more than doubled from a year ago, according to latest land title data
Bricks-and-mortar stores dominate in surging retail market

Bricks-and-mortar stores dominate in surging retail market

The vast bulk of soaring retail sales occur in an actual location between real people, despite rise of online shopping
Single-tenant properties attract investors

Single-tenant properties attract investors

Corporate tenants, long-term triple-net leases, great locations among reasons for real estate investors to consider solo sites