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British Columbia

Asian tsunami may hold risks

While most residential real estate developers in Metro Vancouver are confident that the current tsunami of Mainland Chinese investors and buyers will keep coming, some are warning that it is dangerous to count on it.

China moves big into B.C. coal

A Chinese group is preparing to inject $1 billion into B.C. coal mining. China's Shougang Group, with Canadian Kailuan Dehau Mines Co Ltd., plans to develop three underground coal mines all close to Tumbler Ridge in B.C.'s north.

Nanaimo is so much younger now

While classes were disrupted this past winter by labour action, student enrolment at VIU rose 14 per cent in 2010. This is boosting hopes for a 50-year master plan for VIU's campus, which is located in Nanaimo's Harewood neighbourhood.

Powell River: A town on sale

Powell River is now morphing, reluctantly perhaps, into a retirement and recreational destination, a trend boosted by low real estate prices and outstanding municipal services.

Vancouver office towers to start

Vancouver will soon be seeing the construction of two and potentially four new office towers in the downtown core, the recent Vancouver Real Estate Forum was told.

Industrial speculators swoop on Fraser Valley

Speculative industrial developers are confident B.C.

"Sweet spot" lures Canadian investors into U.S. commercial real estate

Western Canadian investors armed with a strong dollar are hunting for trophy properties amidst the depressed U.S. commercial real estate market. "The loonie's strength at the same time when U.S.

East Fraserlands development gets underway

One of the last large pieces of Fraser River waterfront in Metro Vancouver will be developed into a 130-acre community of houses, condominiums, schools and shopping.

Metro merchants face space competition from U.S. retailers

Despite a large amount of new construction and mall expansions, local Vancouver retailers are not expected to see an easing of retail lease rates this year. The reason is intense competition, much of coming from giant U.S. retailers. Confirmed U.S.

Commercial real estate returned 13.7 per cent

Investments in Vancouver commercial real estate posted average returns of 13.7 per cent in 2010, second only to Montreal as the highest in the country.