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British Columbia

Web site exposes court details

A new web page, BCjustice.

Capital's retail space darkens

The retail vacancy rate in downtown Victoria has spiked to 7 per cent, according to NAI Commercial, while space in power centres and regional malls remains tight with a vacancy in the 2 per cent to 3 per cent range.

Condo investors lured with low prices, incentives

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

Sales of large properties, land nudge record

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.

Shell Canada backs huge LNG plant at Kitimat

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

Investor pockets $100M on Bentall tower flip

German’s DekaBank GmbH turned a $100 million profit in five years with its sale this month of the Bentall Five office tower in downtown Vancouver.

Housing rentals entrenched as “a deep trend”

The residential market is shifting towards rental demand, according to Remco Daal, president and CEO of Bentall Kennedy. And while Daal was referring to the United States, condominium developers say the same trend is becoming apparent in B.C.

REIT landlords move onto Island

Real estate investment trusts (REITs) that deal in rental apartments are buying up property on Vancouver Island. Recently, Northern Property REIT, which normally focuses on northern B.C. and Alberta, bought two Nanaimo rental buildings.

Fisheries change eases "set back" rules

Changes coming to federal Fisheries regulations could mean that some property owners will be able to expand or build close to water that does not support aquatic life.

Coast realtor blames slump on ferry fares

High ferry costs are a key reason why two Lower Mainland markets have slumping house prices, according to realtor and former Gibson city councillor Kenan MacKenzie.