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British Columbia

Victoria office market tightens

After two years of negative absorption - meaning more space was left empty than leased up - the City of Victoria's office market is seeing a modest recovery, according to a Colliers International survey.

Vancouver prices head higher

Royal Lepage is forecasting Vancouver house prices, already the highest in Canada, will increase another 15.4 per cent this year compared with 2010. This would make the overall average price $780,000.

Chilliwack eyed for new casino

Great Canadian Gaming Corp. has been an active player in the Fraser Valley market this spring, picking up a Chilliwack bingo hall and a Surrey development site. The casino operator, which last year raked in revenue of $383.

Northern sales appear frozen

With just 15 per cent of residential listings selling and prices flatlining, the housing market across most of northern B.C. failed to thaw out this spring. The B.C.

Industrial speculators face downturn

Industrial real estate speculators in the Lower Mainland are facing higher vacancies as a glut of new space has collided with a downturn in leasing activity.

"Instant town" spurred by Comox Valley land prices

The Vancouver-based developer spending $100 million on infrastructure for the largest development on Vancouver Island says choosing the Comox Valley for the "instant town" was a no-brainer.

Buyer lineups return to Metro's condo market

Buyers lined up for three days in Richmond last month for a chance to purchase a new condominium, while, a week earlier, more than 400 buyers crowded into a New Westminster pre-construction sales office and snapped up $50 million worth of new apartme

Site C moves to next stage

The proposed Site C dam in northeast B.C. has moved to the first stage of an environmental review, and the price tag has ballooned to almost $8 billion. BC Hydro says an updated design for the dam shows the project would cost $7.

Developers link to SkyTrain stations

A construction boom is being seen around SkyTrain stations in Metro Vancouver.

Safeway selling 43 prime acres

Canada Safeway has called for bids from 50 developers, mostly in B.C., to purchase a 43-acre parcel of land it has for sale in Burnaby.