British Columbia

The average detached house price on the West Side of Vancouver will reach more than $7 million within ten years, suggests Altus Group, one of Canada’s premier appraisal and valuation firms.

Powell River truck driver Sean Russell wouldn’t even have considered the northern B.C. gas fields if it weren’t for the well-equipped 400-bed Encana workcamp where he ended up working 21-day-straight shifts for more than a year.

Priced five years ago at $37 million after plans for a $650 million golf resort collapsed into bankruptcy, the Wyndansea property on Vancouver Island is back on the market – for less than $8 million.

Industrial real estate prices in parts of Metro Vancouver are flirting with levels in the residential condominium market, with some industrial space selling for $500 per square foot, according to commercial real estate agents.

A rule change from the federal government’s mortgage insurer has revealed the price chasm that exists in B.C.’s Lower Mainland housing market.

The City of New Westminster has sold Merchant Square office tower for $36.5 million. When the original partner in the project pulled out, the city forged ahead on speculation. The gamble has apparently paid off.

A “quantum leap” into foreign real estate by mainland Chinese investors is expected this year and three recent British Columbia sales show it may include a dive into recreational real estate.

Cutbacks by the provincial government have driven Victoria’s office vacancies to record levels and are adding to the glut of space in downtown Vancouver, commercial real estate agents and property managers confirm.

Implementation of the City of Vancouver Building Bylaw – which will ban doorknobs and usher in some of the toughest energy requirements in Canada – has been postponed from March 2014 until July 1 2014, according to Mark Hartman, Vancouver’s green bui

While many high-rise developers are rediscovering roof space for amenities, gardens and even fountains, Century Group may be the first to consider a commercial business operating from atop a tower.