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British Columbia

Retail tops Victoria assessment roles

Retail centres account for all five of the most expensive commercial real estate in Victoria, according to BC Assessments, but local realtors say the assessed values are likely far less than their true market value in the capital regional district (C

Analyst predicts "condopocalypse"in Vancouver market

Noted Vancouver housing analyst Frank Schliewinsky is predicting a near collapse in MLS condominium sales across most of Metro Vancouver this year, with sales falling by as much as 50 per cent from a depressed 2012.

Legions seek developers for joint-venture agreements

Royal Canadian Legions (RCL) are rich in property but low in funds and membership, which has resulted in some unique agreements with developers for some prime legion sites. There are 158 Legions across B.C.

Zoomers defy housing plans

Senior citizens who were expected to pack into retirement residences have instead opted to stay home. This has left hundreds of luxury suites in high-end B.C. retirement homes sitting vacant. According to Canada Mortgage and Housing Corp.

Burns Lake mill to be rebuilt

The Burns Lake mill destroyed by an explosion and fire last January will be rebuilt. The Babine Forest Products owners, U.S.-based Hampton Affiliates, said the financial challenges connected to timber supply will not stop reconstruction efforts.

Bridge to somewhere

"We needed a more central location," said McIver, adding that most of his brokers and potential clients already live south of the Fraser River.

Gun-shy

But there are finally signs that investors are waking up to that fact. The first sign of real recovery is a bid by Cushman & Wakefield to market more than 100 acres of former industrial waterfront. Squamish Oceanfront Development Corp.

U.S. retailers cooling to high-cost Canada

The perceived rush of U.S. retailers into Canada is cooling because of higher costs in Canada and a sharp recovery in U.S.

Mortgage default rate falling as loans tightened

Residential mortgage defaults - those homeowners three months or more in arrears on their mortgage payment -was already falling before the federal government tightened mortgage lending rules last summer, according to a Canada Mortgage and Housing Cor

Vancouver home sales plunge, Chilliwack sales surge

While housing sales in Greater Vancouver tumbled 27.