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British Columbia

New West condo project sells out in 42 minutes

They came. They saw. They bought every condo in a New Westminster concrete tower in 42 minutes.

Fraser Valley industrial deals in record territory

Sales of industrial property in the Fraser Valley crested at $217 million in the first nine months of this year, already roaring past the all-year sales volumes for both 2010 and 2009.

Speculators vanish from Vancouver housing market

Speculators, once a flipping force in the Metro Vancouver condominium market, have virtually disappeared, according to Robyn Adamache, a senior analyst at Canada Mortgage and Housing Corporation (CMHC).

Aviawest wins extension of credit protection

Victoria-based Aviawest Group has won an extension of credit protection from the Supreme Court of B.C. as it attempts to refinance nearly $100 million in debt on resort properties in B.C.

Metro Vancouver "buyer's market" won't last

An apparent buyer's market in Metro Vancouver's high-flying housing sector is a seasonal blib that won't last the winter, according to a seasoned real estate developer, but some realtors warn it will be tough for sellers while it lasts.

Cultural clash can skew Vancouver home sales

Cross-culture miscommunication can derail house sale negotiations in Vancouver, where new immigrants and offshore buyers make up a substantial sector of the residential market, according to Ross McCredie, president and CEO of Sotheby's International

Revamped stadium seen as downtown catalyst

BC Place stadium in downtown Vancouver, which recently re-opened after a $563 million retrofit, could prove the catalyst for downtown redevelopment.

B.C. wood valued low in China

A recent Business Council of British Columbia conference on Asian opportunities revealed that, while exports of B.C. softwood to Asia are soaring, the wood is often seen as low value in the China market.

Victoria weak for hotels

A survey of registrants to the Western Canadian Hotel & Resort Investment Conference, held October 12 and 13 in Vancouver, revealed that Victoria is seen as being the weakest hotel market among major Western Canadian cities.

Pipeline would spin $400M

Enbridge says $400 million on goods and services during the construction phase would be spent in the central B.C. region - from Prince George to Smithers - if the Northern Gateway Pipeline goes ahead.