British Columbia

Canada Mortgage and Housing Corp.’s (CMHC) spring Rental Market Survey reports the British Columbia average apartment vacancy rate was 3.4 per cent in April, up about 1 per cent from a year earlier.

It is possible to buy an investment condo for less money – and with better returns – in New York City than in Vancouver, according an expat New Yorker now living here.

China’s multi-trillion-dollar retail scene has terrific potential but holds risk for Canadians, says Hong Kong-born Anthea Wong, a China retail analyst with Pricewaterhouse Coopers. Wong presented a seminar on China retail recently in Vancouver.

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Across Metro Vancouver, the typical house price is $937,000, or about eight times higher than the lowest priced cities in Canada.

Thousands of construction workers may be seeing more work this year in northwest British Columbia, as a consortium of resource giants, including Shell Canada, are planning a $12 billion liquefied natural gas (LNG) export facility at Kitimat.

Metro Vancouver sales of real estate assets valued at more than $1 million hit a near-record level in the first quarter of this year, according to a survey by RealNet Canada Inc.

Surrey condominium developers are offering some sweet incentives to pre-sell new condos to investors who now account for a huge share of sales.

A proposal by the private Sea to Sky Gondola to build a $20 million gondola up Mount Habrich next to Squamish's Stawamus Chief rock face is expected to be approved and built according to Sea to Sky Gondola principal Trevor Dunn.

Most analysts expect industrial lease rates, vacancy rates and sales volume to be fairly flat this year in Burnaby in comparison with 2010 and 2011. Offices on spec The office sector should provide some thrills over the next few years, however.