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British Columbia

Industrial speculators face downturn

Industrial real estate speculators in the Lower Mainland are facing higher vacancies as a glut of new space has collided with a downturn in leasing activity.

"Instant town" spurred by Comox Valley land prices

The Vancouver-based developer spending $100 million on infrastructure for the largest development on Vancouver Island says choosing the Comox Valley for the "instant town" was a no-brainer.

Buyer lineups return to Metro's condo market

Buyers lined up for three days in Richmond last month for a chance to purchase a new condominium, while, a week earlier, more than 400 buyers crowded into a New Westminster pre-construction sales office and snapped up $50 million worth of new apartme

Site C moves to next stage

The proposed Site C dam in northeast B.C. has moved to the first stage of an environmental review, and the price tag has ballooned to almost $8 billion. BC Hydro says an updated design for the dam shows the project would cost $7.

Developers link to SkyTrain stations

A construction boom is being seen around SkyTrain stations in Metro Vancouver.

Safeway selling 43 prime acres

Canada Safeway has called for bids from 50 developers, mostly in B.C., to purchase a 43-acre parcel of land it has for sale in Burnaby.

"Real" Metro Vancouver house price under $600,000

Despite media reports of million-dollar house prices, the real price for a detached house in most of Metro Vancouver is less than $600,000 and the price of a condominium the average buyer is looking for is less than $315,000, according to a detailed

Giant industrial project reflects local demand

The Beedie Group is preparing for the construction of the largest single-level warehouse ever to be built in the Lower Mainland in one phase. The 504,000-square-foot facility for tissue-maker Kruger Inc.

Housing "boom" silent out of city

The loud B.C. housing boom that has made Vancouver the most expensive market in Canada quickly falls silent once you get out of town. A driver heading southeast from the west side of Vancouver, where prices surpassed $1.

Inflation fears driving strata industrial demand

Fears of rising land and lease costs and the low cost of borrowing continue to drive demand for strata industrial space across Metro Vancouver, according to a report from Avison Young.