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British Columbia

Victoria council to ask province for authority to levy surtax on empty houses

The proposed surtax on vacant residential properties would “discourage derelict buildings, and encourage the occupancy, maintenance and improvement of buildings”
Metro Vancouver residential price decline will bottom in 2019, then reverse: forecasters

Metro Vancouver residential price decline will bottom in 2019, then reverse: forecasters

Panel of developers predict housing trends for coming year with cautious optimism; one says single-family price correction was “necessary”
Finance Minister Carole James on speculation tax: ‘I think a bit of politics is going on’

Finance Minister Carole James on speculation tax: ‘I think a bit of politics is going on’

James says detractors of the government’s speculation tax exemption are “playing politics” in advance of Nanaimo’s provincial byelection
All property owners in Speculation and Vacancy Tax regions must complete declaration

All property owners in Speculation and Vacancy Tax regions must complete declaration

Every homeowner in affected areas will get declaration letters between January 18 and February 28, and must apply for exemption or pay up
Commercial building assessments process lacks teeth: critics

Commercial building assessments process lacks teeth: critics

Veteran assessor says authority has been flying blind with little information, leading to catch-up assessments with huge value jumps
Pacific Centre, Oakridge among Canada’s top three most profitable malls

Pacific Centre, Oakridge among Canada’s top three most profitable malls

The Vancouver shopping centres once again post the highest sales in the West, with Edmonton, Calgary and Burnaby malls cracking the top ten
Co-working company partners with hotels to free up work space

Co-working company partners with hotels to free up work space

With major co-working space providers gobbling up traditional office space, Vancouver startups are turning to actual hotels to offer entrepreneurs space
High-rise plan for major road in Delta resurfaces

High-rise plan for major road in Delta resurfaces

Proposal for mixed-use development had been on hold but is "now active," says council
Advertised one-bed rents in B.C. cities see huge increases: report

Advertised one-bed rents in B.C. cities see huge increases: report

Vancouver, Burnaby and Victoria's advertised rental prices for one-bed units soar way above inflation, says PadMapper
Demolition at Broadway and Cambie makes way for new seven-storey development

Demolition at Broadway and Cambie makes way for new seven-storey development

The prominent corner site is located just across the street from Broadway - City Hall SkyTrain station - part of the future Broadway Extension