British Columbia

Rejecting a marketing plan that would have dramatically reduced condominium prices, the City of Vancouver has forced the developer of the 737-unit Olympic Village into receivership just as new condo sales have plunged 90 per cent.

The best housing deals in Metro Vancouver, especially early in 2011, will be new and unsold condos in completed projects, according to real estate analysts.

Values dipped in new towers Speculators who bought new high-rise condominium apartments in the Tri-Cities area of the Lower Mainland in the past year lost an average of more than $4,000 on their purchase when they resold, according to a survey by mar

Price rose at TSX opening Whistler Blackcomb Holdings launched an initial public offering November 2 in a bid to raise $300 million, after having slashed its share price twice in less than two weeks.

Resort development faces several challenges in B.C.

"Some of the logging families are looking at how to change what they do on a day-to-day basis because they can see what is coming," Cheng said.

• Refrigerative Supply Ltd., 8028 North Fraser Way in Burnaby, took an award of merit in the industrial category; • the Vancouver Convention Centre West received an excellence award in the legacy category to honour Winter Olympic related projects.

The remaining shares of Prince George's Pine Centre Mall have just been purchased by the Canada Pension Plan Investment Board (CPPIB).

The Clear Lake sawmill in Prince George will be closing permanently, the latest victim of a prolonged forestry downturn in northern B.C. Canfor Corp. announced the final decision last month to close the mill, located just southwest of Prince George.

Speculative builders continue to dominate Metro Vancouver's industrial market, accounting for 80 per cent of new construction in the second quarter of this year.