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British Columbia

Province backs NE gas plays

The B.C. government announced plans to inject $115.6 million into the province's northeast gas sector last week just days after a Calgary-based investment dealer slashed its stance on the commodity.

Home builders brush off HST as new starts soar

Despite fears of a housing construction slump after the introduction of B.C.'s harmonized sales tax, new-home starts have more than doubled from a year ago in some markets.

Vancouver office vacancies rise with new inventory

Metro Vancouver's office market is posting an 8.4 per cent vacancy rate, up from 6.9 per cent a year ago, as rising subleases and new suburban construction adds to the inventory of vacant space.

Finding housing bargains in the U.S. Sun Belt

Canadian investors are finding super low house prices in Phoenix, Arizona, and experts say rising foreclosures will keep prices low for some time.

City's condo outlook

Experts and industry watchers come at the question from every possible angle, but the underlying theme, the common thread uniting them all, is the belief the market of 2010 remains solid for the long-term investor.

Developer eyes Mission for riverfront eateries

Vancouver developer Howard Meakin hopes to "kick-start" waterfront development in Mission with a restaurant, marina and floatplane dock.

Dawson Creek mall refurbished

The new U.S.-based owners of the Dawson Mall in Dawson Creek are giving the run-down facility a $10 million facelift. "The centre has been in disregard for years," Milestone Communications Leonard Forkas Jr. CEO said.

First Capital plans mixed-use malls

Canada's leading shopping-centre developer is making big moves in the Lower Mainland with eyes on what will be a first for the company: mixed-use projects. On June 30, Toronto-based First Capital Realty Inc.

First six-storey wood-frame starts

The first six-storey residential wood-frame building in B.C. has broken ground in Richmond. Work on Remy, a 188-unit affordable housing project designed by Patrick Cotter Architect Ltd., started in June.

Metro office vacancy among lowest in N.A.

The overall Metro Vancouver office vacancy rate is among the lowest in North America and the second lowest in Western Canada, behind smaller Regina and tied with Winnipeg.