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Real Estate

Burnaby Hospital redevelopment closer to start of $1.7B phase two

Burnaby Hospital redevelopment closer to start of $1.7B phase two

B.C. has announced the construction teams that will team up for full project delivery.
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Green shoots for industrial strata as normalcy returns to market

Green shoots for industrial strata as normalcy returns to market

Buyers are resurfacing as interest rates stabilize and prices moderate
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B.C. real estate market downturn costs homebuyers heavily in breached contract case

B.C. real estate market downturn costs homebuyers heavily in breached contract case

Kelowna seller awarded more than $400K after buyers fail to secure financing
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Richmond resident at a loss after spec tax exemption revoked

Richmond resident at a loss after spec tax exemption revoked

The government threatened to place a lien on Tony Chan's house for $90,000 in unpaid taxes.
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Office space per worker could shrink by up to 40% in Burnaby

Office space per worker could shrink by up to 40% in Burnaby

Workspaces are projected to get smaller in the next 30 years.
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B.C.’s RV parks and campgrounds face shifting challenges and opportunities

B.C.’s RV parks and campgrounds face shifting challenges and opportunities

'Slightly softer season' expected this summer following pandemic boom times
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Vancouver office market struggling as vacancies rise, construction dives

Vancouver office market struggling as vacancies rise, construction dives

Vacancy rate hits 9.7%, second straight quarter of increase
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B.C. government to launch online portal to combat 'bad faith' evictions

B.C. government to launch online portal to combat 'bad faith' evictions

The B.C. government says a new online portal launching this month will combat bad-faith evictions made by landlords who falsely claim to be putting a property to "personal use," only to increase rent on the unit.
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More rental housing development needed despite recent rise: RBC economist

More rental housing development needed despite recent rise: RBC economist

Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill the backlog of demand.
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Vancouver home sales fall 19 per cent in June as inventory continues to build: board

Vancouver home sales fall 19 per cent in June as inventory continues to build: board

VANCOUVER — Greater Vancouver's real estate board says the number of homes sold in June tumbled 19.1 per cent from the previous year as inventory continued accumulating to levels not seen since the spring of 2019.
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