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British Columbia

Metro merchants face space competition from U.S. retailers

Despite a large amount of new construction and mall expansions, local Vancouver retailers are not expected to see an easing of retail lease rates this year. The reason is intense competition, much of coming from giant U.S. retailers. Confirmed U.S.

Commercial real estate returned 13.7 per cent

Investments in Vancouver commercial real estate posted average returns of 13.7 per cent in 2010, second only to Montreal as the highest in the country.

Gas peak seen during 2011

B.C.'s booming shale gas sector has become a victim of its own success, but experts say investors will hang on for the long term.

Industrial strata sales ramp up

A recent study from Avison Young shows that industrial property accounted for 38 per cent of industrial sales last year, compared with less than 30 per cent three years ago.

Prosperity mine bid revived

Taseko Mines is willing to pay $300 million to save a remote B.C. lake so it can build its next mine, but Ottawa will get the final say.

Richmond: A rapid transit

But unlike other municipalities, Richmond can build only so high out of respect for air traffic in and out of Vancouver International Airport on Sea Island.

Chinese investors plan underground BC coal mines

A consortium of two Chinese coal companies and a steel maker are working with a Vancouver-based Chinese company to develop hundreds of millions of dollars worth of unique underground mines in northern B.C.

Burnaby will welcome next wave of Asian homebuyers

Burnaby is expected to capture the next wave of homebuyers from Mainland China after these investors are crediting with dominating the housing market in both the Westside of Vancouver and Richmond over the past year.

Arab spring warms northeast B.C. real estate market

It is a long way from Tripoli to Fort St. John, but the 'Arab spring" that is apparently transforming oil-rich Middle East countries is having an impact on real estate in this northeast B.C.

Big players dumping Metro apartment buildings

Large institututiional investors are cashing out their apartment buildings in Metro Vancouver as prices have soared to record highs and capitilization rates have fallen to record lows.