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British Columbia

Foreclosure bargains burn out in U.S. Sun Belt

Sale prices for condominiums in Miami, Florida spiked 28 per cent in the second quarter compared to the first quarter and are up 34 per cent from a year ago.

Victoria “worst hotel market” in Canada

Victoria is the “among the worst” hotel markets in Canada, while Whistler will see the biggest bounce back this year, according to analysts.

Loblaw plans Superstore in South Surrey

Ontario-based grocery giant Loblaw will soon request a building permit for a 122,692-square-foot Superstore at the southeast corner of 24th Avenue and 160th Street in South Surrey. A Superstore Gas Bar is also proposed on the site.

Depreciation reports will “shock” some condo owners

Some B.C. condo owners and business people who bought their working space may be "shocked" as changes stream into the strata market, observers say. “The [B.

Jurock sees opportunity as housing sales slide

There will be no recovery in Metro Vancouver' slumping housing sales for at least six months.

Aviawest faces Securities Commission hearing

The B.C. Securities Commission (BCSC) has set aside five days in December for a hearing looking into allegations that a Nanaimo-based timeshare company illegally sold securities to investors. The BCSC will convene a hearing panel Dec.

Most think Vancouver a buyers' market

Fifty-eight per cent of Lower Mainland residents believe it is a bad time to sell a home over the next three months, while 34 per cent believe it is a good time, according to REW.ca's September Real Estate Consumer Confidence Survey.

Natives remain opposed to New Prosperity mine bid

While the developer plans to sink an additional $300 million into its bid for the Prosperity gold and copper mine near Williams Lake, local natives say they remain adamantly opposed.

Towering commercial sales best B.C. record

Investors snapped up $1.42 billion worth of B.C. commercial real estate in the first half of this year, shattering a record set in 2010, with unit sales flirting with an all-time record as well.

Victoria developer offers "equity mortgage"

League Financial Partners is building the tallest tower on Vancouver Island at Colwood, but it is plans for a new kind of mortgage for condo buyers that's raised eyebrows.