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British Columbia

"Real" Metro Vancouver house price under $600,000

Despite media reports of million-dollar house prices, the real price for a detached house in most of Metro Vancouver is less than $600,000 and the price of a condominium the average buyer is looking for is less than $315,000, according to a detailed

Giant industrial project reflects local demand

The Beedie Group is preparing for the construction of the largest single-level warehouse ever to be built in the Lower Mainland in one phase. The 504,000-square-foot facility for tissue-maker Kruger Inc.

Housing "boom" silent out of city

The loud B.C. housing boom that has made Vancouver the most expensive market in Canada quickly falls silent once you get out of town. A driver heading southeast from the west side of Vancouver, where prices surpassed $1.

Inflation fears driving strata industrial demand

Fears of rising land and lease costs and the low cost of borrowing continue to drive demand for strata industrial space across Metro Vancouver, according to a report from Avison Young.

Pacific drops out of pipeline play

Pacific Northern Gas Ltd. is dropping out of a pipeline project planned in northwestern B.C. The company plans to sell its 50 per cent stake in Pacific Trail Pipelines Ltd. (PTP) for $50 million to Apache Canada Ltd. and EOC Resources Canada Inc.

U.S. foreclosures: a three year inventory

It will take at least three years to clear the glut of foreclosed homes in the United States, according to California-based RealtyTrac, which monitors foreclosures and bank-owned property sales. Across the U.S.

“Capital of a New North”

Prince George may be proud blue-collar, but it is building the kind of economic and educational muscle that should quiet any doubts that it is a city poised to play a huge role in the Canadian economy of the 21st century. Consider mining.

"Two-speed" housing market includes reverse

A "two-speed" British Columbia housing market is forming, according to an analysis of property sales across the province. "We continue to observe a two-speed market in B.C.

Developer gambles on voters killing the HST

Wanson Development is waging "hundreds of thousands of dollars" that B.C. voters will kill the controversial harmonized sales tax (HST) in a mail-in vote this coming June.

Victoria rental market tightens

Victoria's multi-family market will continue to be characterized by low capitalization rates and high per-suite prices, according to a report from Colliers International. The typical cap rate for recent apartment building sales are in the 4.