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British Columbia

“Capital of a New North”

Prince George may be proud blue-collar, but it is building the kind of economic and educational muscle that should quiet any doubts that it is a city poised to play a huge role in the Canadian economy of the 21st century. Consider mining.

"Two-speed" housing market includes reverse

A "two-speed" British Columbia housing market is forming, according to an analysis of property sales across the province. "We continue to observe a two-speed market in B.C.

Developer gambles on voters killing the HST

Wanson Development is waging "hundreds of thousands of dollars" that B.C. voters will kill the controversial harmonized sales tax (HST) in a mail-in vote this coming June.

Victoria rental market tightens

Victoria's multi-family market will continue to be characterized by low capitalization rates and high per-suite prices, according to a report from Colliers International. The typical cap rate for recent apartment building sales are in the 4.

Asian tsunami may hold risks

While most residential real estate developers in Metro Vancouver are confident that the current tsunami of Mainland Chinese investors and buyers will keep coming, some are warning that it is dangerous to count on it.

China moves big into B.C. coal

A Chinese group is preparing to inject $1 billion into B.C. coal mining. China's Shougang Group, with Canadian Kailuan Dehau Mines Co Ltd., plans to develop three underground coal mines all close to Tumbler Ridge in B.C.'s north.

Nanaimo is so much younger now

While classes were disrupted this past winter by labour action, student enrolment at VIU rose 14 per cent in 2010. This is boosting hopes for a 50-year master plan for VIU's campus, which is located in Nanaimo's Harewood neighbourhood.

Powell River: A town on sale

Powell River is now morphing, reluctantly perhaps, into a retirement and recreational destination, a trend boosted by low real estate prices and outstanding municipal services.

Vancouver office towers to start

Vancouver will soon be seeing the construction of two and potentially four new office towers in the downtown core, the recent Vancouver Real Estate Forum was told.

Industrial speculators swoop on Fraser Valley

Speculative industrial developers are confident B.C.