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British Columbia

Campbell River

At an average price of $280,000, Campbell River house prices are lower than in the Comox Valley ($344,000) or Nanaimo ($349,800) and are down about 20 per cent from the peak three years ago.

Metro condo developers ignore glut warnings

Metro Vancouver condominium developers are apparently brushing off warnings of overbuilding, with a series of new towers beginning pre-sales this month. Many of the new high-rise projects appear aimed squarely at real estate investors.

BCJustice.com opens access to court details

A new web page (BCjustice.

Mill town fears closure of biggest employer

Powell River residents and current and pensioned mill employees are waiting to hear the fate of the town's largest employer as Catalyst Paper Corporation seeks a $395 million restructuring plan.

Retail giants move on Metro Vancouver

Nearly 2.4 million square feet of discount and speciality shopping is about to arise in Metro Vancouver as Europe's largest outlet mall developer, Swedish-based IKEA and a Canadian retail giant square off in the southwest.

B.C. housing sales, prices slide lower

The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service in B.C. declined 26.5 per cent to $3.8 billion in March compared to the same month last year.

Window closing on U.S. Sunbelt deals

A sudden end to the low-baller market will be soon seen across the U.S. Sunbelt, according to Vancouver-based Ross McCredie, president and CEO of Sotheby’s International Canada.

"Com Condo" sales rising

Commercial condos - sometimes known as "com condos' - are taking hold across Metro Vancouver, according to Avison Young and other real estate professionals.

Strata office sales buck Surrey trend

Buying office space as strata, rather than leasing, is becoming a major market push in Surrey - where office vacancy rates are at six-year high - led by the success of a new 150,000-square-foot office tower in South Surrey.

Foreclosures spike in Okanagan

There were at least 174 foreclosed homes on the central Okanagan market last month, most of them in west Kelowna. This is a 10-fold increase from a year ago, but at least one realtor expects buyers to snap up the homes at market value.