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British Columbia

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.

"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.