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Real Estate

Updated: Layoffs at Wesgroup add to Vancouver condo industry’s woes

Updated: Layoffs at Wesgroup add to Vancouver condo industry’s woes

Company’s CEO cites ‘deeply stalled condo market’ and ‘cost-of-delivery crisis’
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B.C. mall owner's push to buy 25 Hudson's Bay leases faces landlord opposition: docs

B.C. mall owner's push to buy 25 Hudson's Bay leases faces landlord opposition: docs

TORONTO — An agreement Hudson’s Bay signed to sell about two dozen leases to a B.C. entrepreneur has encountered a major barrier, new court filings show: landlords who own the properties are overwhelmingly opposed to her moving in.
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Home construction must double over next decade to restore 2019 affordability: CMHC

Home construction must double over next decade to restore 2019 affordability: CMHC

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.
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Downtown office divide grows as 'trophy' towers outperform in Vancouver

Downtown office divide grows as 'trophy' towers outperform in Vancouver

Colliers says Vancouver’s AAA office market ‘improving faster than most major cities’
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Almost half of B.C. tenants skimping on groceries to afford rent, says survey

Almost half of B.C. tenants skimping on groceries to afford rent, says survey

But Royal LePage report says renters may benefit from improving market conditions
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Vancouver’s ‘social housing initiative’ calls for 20-storey towers across city

Vancouver’s ‘social housing initiative’ calls for 20-storey towers across city

Veteran planners question scale of development, effect on urban design
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Bryan Yu: Metro Vancouver home sales tick up but market still stuck in slump

Bryan Yu: Metro Vancouver home sales tick up but market still stuck in slump

Buyers re-emerge amid lower prices and interest rates but oversupply and economic uncertainty keep pressure on housing
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Construction sector ramping up tech investments to address labour gap: KPMG survey

Construction sector ramping up tech investments to address labour gap: KPMG survey

TORONTO — A new survey says most Canadian construction companies are still coping with a shortage of skilled labour, however their productivity and efficiency has improved in recent years as a result of investments in technology.
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B.C. mall owner offers $6 million for three Hudson's Bay leases: court documents

B.C. mall owner offers $6 million for three Hudson's Bay leases: court documents

The B.C. mall owner hoping to buy dozens of Hudson's Bay leases has offered $6 million to take over three locations in malls that she owns, describing it as just the beginning of a new department store empire.
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B.C. retail remains resilient despite ongoing disruption

B.C. retail remains resilient despite ongoing disruption

HBC’s demise, new market entrants, tech adoption, 'Buy Canadian' efforts among key shifts
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