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British Columbia

Rising interest rates lead hoteliers' concerns at lodging conference

Rising interest rates lead hoteliers' concerns at lodging conference

But cash flow is king as lenders look at debt servicing abilities
Nanaimo council supports major mixed-use tower development

Nanaimo council supports major mixed-use tower development

Proposed hotel and housing project, which is opposed by Snuneymuxw First Nation, still requires bylaw approval at a fourth reading
Bank of Canada rate jumps 50 basis points to 3.75 per cent

Bank of Canada rate jumps 50 basis points to 3.75 per cent

The increase means about $150 more per month on a variable-rate $500,000 mortgage
B.C. construction contractors being squeezed by success

B.C. construction contractors being squeezed by success

Despite high demand, soaring costs for labour and building materials – and slow payments – are threatening commercial contractors: BCCA
Startup using drones to replant B.C.’s burnt forests

Startup using drones to replant B.C.’s burnt forests

Swarms of seed-bearing drones can replant scorched land much quicker and sooner than conventional tree planters, company says
Manitoba’s CentrePort hits $70M in building permits in 2022

Manitoba’s CentrePort hits $70M in building permits in 2022

Province, feds commit to funding for industrial inland port expansion
Blueberry River FN launches new resource business in B.C's north

Blueberry River FN launches new resource business in B.C's north

Armed with $65 million awarded following court victory on land claim, small First Nations has formed Blueberry River Resources
City of Richmond ignores resident concerns, approves 330 rental units

City of Richmond ignores resident concerns, approves 330 rental units

Neighbours cited fear of rising crime and parking problems if low-cost, high-density rental development allowed to proceed
Saskatoon leads in job pace and CRE is firing all cylinders

Saskatoon leads in job pace and CRE is firing all cylinders

Every major commercial real estate sector in the city reported positive lease-up of space in the third quarter 2022 ¬– with industrial vacancies falling to a record low
Rentals take lead in Metro apartment starts

Rentals take lead in Metro apartment starts

Condo starts, in comparison, have fallen 36 per cent so far in 2022 from a year earlier