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British Columbia
British Columbia
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.
Jun 1, 2011 3:42 PM
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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.
Jun 1, 2011 3:41 PM
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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.
Jun 1, 2011 3:17 PM
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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.
May 31, 2011 7:46 PM
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“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.
May 31, 2011 4:29 PM
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"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.
May 24, 2011 5:56 PM
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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.
May 2, 2011 3:20 PM
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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.
May 2, 2011 3:18 PM
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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.
May 2, 2011 3:16 PM
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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.
May 2, 2011 3:14 PM
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