Skip to content

British Columbia

Planning to sell a Vancouver condo? Do it now

Now is the best time to sell your Metro Vancouver condominium because prices will not rise much, if at all, for the next two years. That’s the sobering assessment of housing analysts in Western Investor’s annual report on residential investing.

Vancouver Class AA office space disappearing

As Vancouver’s downtown office vacancy rate drop to a four-year low – and Class AAA vacancies plunge below 1 per cent – a fresh building boom could deliver nearly three million square feet of space by 2017.

6,000 high-rise condos underway in Metro

The first half of 2012 was a very busy time for concrete condominium developers in Metro Vancouver, according to Jeff Hancock of MPC Intelligence, which tracks Metro’s new strata market.

Natives threaten Gateway blockades

Grand Chief Stewart Phillip of the Union of BC Indian Chiefs has warned of a court fight and possibly blockades to stop the proposed Northern Gateway oil pipeline. Calgary-based Enbridge Inc.

Transit links tied to higher lease rates for offices

There is a hefty premium for Metro Vancouver office rents close to Canada Line or Skytrain stations: nearly 23 per cent, according to a study by Jones Lang Lasalle, a financial and professional services firm specializing in real estate.

Richmond draws $4B in projects

The City of Richmond has attracted $4 billion worth of planned projects, partly because its community plans are more detailed than other Metro Vancouver cities, according to Brian Jackson, Richmond’s director of development.

B.C. rental vacancy rate eases

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.

NYC condos seen as a better buy

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 $2 trillion retail market tempting, tough

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.

Multi-family, retail lead investor targets

Normal 0 false false false EN-US JA X-NONE /* Style Definitions */ table.