British Columbia

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Powell River residents and current and pensioned mill employees are waiting to hear the fate of the town's largest employer as Catalyst Paper Corporation seeks a $395 million restructuring plan.

Nearly 2.4 million square feet of discount and speciality shopping is about to arise in Metro Vancouver as Europe's largest outlet mall developer, Swedish-based IKEA and a Canadian retail giant square off in the southwest.

The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service in B.C. declined 26.5 per cent to $3.8 billion in March compared to the same month last year.

A sudden end to the low-baller market will be soon seen across the U.S. Sunbelt, according to Vancouver-based Ross McCredie, president and CEO of Sotheby’s International Canada.

Commercial condos - sometimes known as "com condos' - are taking hold across Metro Vancouver, according to Avison Young and other real estate professionals.

Buying office space as strata, rather than leasing, is becoming a major market push in Surrey - where office vacancy rates are at six-year high - led by the success of a new 150,000-square-foot office tower in South Surrey.

There were at least 174 foreclosed homes on the central Okanagan market last month, most of them in west Kelowna. This is a 10-fold increase from a year ago, but at least one realtor expects buyers to snap up the homes at market value.

The executive director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that two men, who were directors and officers of a Vancouver-based group of companies, committed fraud.

Sales of apartment buildings in Victoria plunged nearly 50 per cent last year, but it could be due more to a lack of product than a cooling of demand. For all of 2011, B.C.