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Real Estate

Okanagan developers hit by soaring construction costs, projects stalled

Okanagan developers hit by soaring construction costs, projects stalled

B.C. housing crisis worsens as developers struggle with costs
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Surrey's tech hub gets housing boost from private partnership

Surrey's tech hub gets housing boost from private partnership

First time a residential component is included in Surrey's health and tech district
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Discount-price condos were to be sold only to first-time buyers; 13 sued for buying when they didn't qualify

Discount-price condos were to be sold only to first-time buyers; 13 sued for buying when they didn't qualify

Civil suits filed by B.C. Housing allege 13 of the units at Vivid at the Yates on Johnson Street went to people who already owned property, or who rented out their units instead of living in them.
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$8.6M lawsuit against stalled Richmond Atmosphere project dismissed in court

$8.6M lawsuit against stalled Richmond Atmosphere project dismissed in court

Directors, shareholders and investors applied to dismiss a contractor's lawsuit against them for unpaid work.
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B.C. home insurance prices surge 7.63% in one year, says report

B.C. home insurance prices surge 7.63% in one year, says report

Climate change, severe weather events putting pressure on home insurance prices, according to My Choice Financial Inc.
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B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

TORONTO — Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said.
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Ottawa says its housing deals with cities will build 750,000 homes in the next decade

Ottawa says its housing deals with cities will build 750,000 homes in the next decade

According to the Canadian Home Builders’ Association, average municipal approval timelines for housing projects in 2022 spanned from three months to nearly three years, depending on the city.
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New listings rose in Vancouver last month, easing pressure: real estate board

New listings rose in Vancouver last month, easing pressure: real estate board

VANCOUVER — Greater Vancouver's real estate board says new listings were up in February as home sellers shed some of their hesitance and home sales also rose.
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‘It's a really exciting time': New residential, industrial developments take off in Nanaimo

‘It's a really exciting time': New residential, industrial developments take off in Nanaimo

Developers invest in rental construction downtown as new industrial land is unlocked
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'Faster, simpler and better': Burnaby wins award for most-improved permit processing

'Faster, simpler and better': Burnaby wins award for most-improved permit processing

'This award is the latest milestone in our efforts to make it easier to build the projects we need in Burnaby,' said Mayor Mike Hurley.
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