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British Columbia

Ghost town back on the market

Bradian: buyers want to sell town for $1.2 million By Wendy Fraser Seven months after a group of Chinese investors purchased it, the for sale sign has gone up again on the Bridge River Valley ghost town of Bradian.

Industrial land shortage threatens Metro economy

Entire inventory could be gone within four years Frank O’Brien Four years after Metro Vancouver report warned that the region would run out of industrial land by 2020, that timeline appears to have been pushed forward.

Policies geld a bull market

Rendering of BC Hydro’s first 1,600-person high-end work camp planned for the Site C construction site near Fort St. John.

Metro Vancouver: dirt worth more than income

Avison Young principal Bal Atwal: land values have outpaced property and income values. - Rob Kruyt.

B.C. retail spending leads nation

Spiked linked to housing sales Retail spending in B.C., clocking in at more than $5.8 billion a month, is leading the entire nation in growth and has put once-market-leading Alberta deep in the shade.

Delays, land shortage spook developers

Time to look at ALR, developer group suggests By Frank O’Brien Commercial real estate developers in Metro Vancouver list municipal delays and a land shortage as, respectively, the major short-term and long-term challenges facing the industry.

Vancouver condo costs $520K before it’s built

Frank O’Brien A typical high-rise condo in Vancouver has embedded costs of more than $500,000 before it is even finished, according to a series of studies of land values, construction costs and municipal fees and levies.

Done Deals updated for May

Clubhouse at Surrey Golf Club. “Profitable” Surrey Golf Course sold for $15 million NAI Commercial of Vancouver has sold the Surrey Golf Club on 168th Street, Surrey, for $15 million to an unnamed investor.

Bulk home buyers slowed by mortgage rules

Harder to get financing if you own five or more properties By Frank O’Brien Pity the owners of multiple homes in Metro Vancouver: it is getting tougher to find conventional residential financing once they own more than five properties in the world’s

Vancouver landlords sitting pretty

Cheap mortgages, high rents, low vacancies and soaring property values combine for blue-chip real estate investment By Frank O’Brien Metro Vancouver multi-family landlords are basking in a confluence of factors that make owning old apartment building