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British Columbia

BMO: "Metro commercial real estate still a top play"

Vancouver is among the top-tier markets for income-generating commercial real estate, according to BMO Economics. The bank notes that such real estate is now attracting even conservative investors looking for sustained yields.

Shuttered schools put up for sale

A decline in elementary school enrolment has led to the sale of schools across B.C., with the latest listing in Saanich. The Saanich School District is looking to sell its vacant McTavish Elementary School and property for at least $1.3 million.

Natives threaten pipeline blockades

Grand Chief Stewart Phillip of the Union of BC Indian Chiefs has warned of a court fight and possibly blockades to stop the proposed Northern Gateway oil pipeline. Calgary-based Enbridge Inc.

Multi-family leading target

A study of Canada's commercial real estate market by Altus Insite notes that multi-family investments pay the smallest returns but are seen as the most "stable property investment" in a generally optimistic market.

Kootenays

While this reflects the slow real estate sales in the region, it also suggests that Berkeley's approach to creating a community to live in - rather than a resort to escape to - may have struck a chord.

Teck readies to re-open Quintette coal mine

While Teck Resources Ltd.

Immigrants will keep B.C. homes sales hot

British Columbia will see the highest increase in housing demand among all provinces over the next decade, according to a new study from CIBC World Market economist Benjamin Tal. And it all has to do with immigration and shifting demographics.

Native leases switched to Crown to ease buyer concerns

In the hills above the popular B.C. resort community of Osoyoos, Calgary-based Bellstar Hotels & Resorts is building its second full-time residential community - and it comes with a political twist on the leased land.

Planning to sell a Vancouver condo? Do it now

Now is the best time to sell your Metro Vancouver condominium because prices will not rise much, if at all, for the next two years. That’s the sobering assessment of housing analysts in Western Investor’s annual report on residential investing.

Vancouver Class AA office space disappearing

As Vancouver’s downtown office vacancy rate drop to a four-year low – and Class AAA vacancies plunge below 1 per cent – a fresh building boom could deliver nearly three million square feet of space by 2017.