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British Columbia

Industrial strength competition

CB Richard Ellis (CBRE) managing director Mark Renzoni described January as the busiest month for sales of Metro Vancouver industrial properties in several years while setting the stage for panellists at the recent breakfast of commercial real estate

Buyers beat new mortgage rules

Mortgage lenders in B.C. are seeing an uptick in applications as residential buyers attempt to get loan approvals before new mortgage rules coming into effect March 18, according to Canadian mortgage professionals.

Thompson takes over Mt. Milligan

Thompson Creek Metals Co. Inc. has completed its purchase of Terrane Metals Corp. in a cash and stock purchase deal valued at approximately $700 million.

Foreign buyers leave Whistler

U.S. and U.K.

Industrial strata catching on

More businesses are looking to buy, not lease, new industrial space in Metro Vancouver and the lure is as much about potential appreciation as securing property in a tight market.

Bargain cottages hit rec market

Tiny oceanfront cottages that can be bought for around $150,000 are signs of a changing B.C. recreational market once defined as luxurious and elite.

Langley City plans to boost DCCs

The City of Langley has proposed to more than double its development cost charges (DCCs) for residential developers.

High-rise condo prices could flatline in 2011

Metro Vancouver's condominiums are a key sector of the housing market - and a longtime investor target - but a leading consultant forecasts that sales will tumble and prices could slumber in 2011.

Investor buys Whistler subdivision

An exclusive mountain community above Whistler's Creekside neighbourhood, owned by Intrawest, has been snapped up by a local private investor who plans to lend a green tinge to the neighbourhood. Ecoasis Properties Ltd.

Housing starts soar 43 per cent

Total housing starts in B.C. soared 43 per cent in December, compared with a month earlier, reports Central 1 Credit Union. At 31,500, year-end 2010 posted the highest seasonally-adjusted rate in two years, and led by multi-family construction.