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Q2 detached home sales up in 40% of GTA pockets, 31% of GVA, compared to Q1
Softer detached housing values prompt new round of home-buying activity in hot pockets of Greater Vancouver and Greater Toronto housing markets
Legal dispute over the billion-dollar development of one of Vancouver’s last parcels of waterfront land.
The decision from the Supreme Court of Canada means the lower court rulings will stand and, as is customary, the high court does not give reasons for its refusal to hear Concord's appeal.
Vancouver-area housing starts and sales continue to cool
Sharp drop from a month earlier is in step with a downturn in housing sales
Future conditions could mean many recent approvals will never become completions
This yearly average of roughly 500 rental completions is more than double the previous decade. Between 2000 and 2009, Vancouver's average rental completions were around 200 homes a year.
Metro Vancouver purchase 97 hectares of land for a new regional park on Bowen Island
The preliminary concept for the park includes day-use picnic areas, trails with 'impressive viewpoints,' access to the beach, and a supervised overnight camping area.
A massive 43.3% Home sales annual drop | REBGV
The impact of the central bank's outsized rate hikes has become starkly apparent in Vancouver, which saw a significant 22.8% monthly home sales decline in July.
Home buyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns | REBGV
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 in July 2022, a 43.3 per cent decrease from the 3,326 sales recorded in July 2021, and a 22.8 per cent decrease from the 2,444 homes sold in Jun…
Metro Vancouver home sales down again in July | REBGV
The Real Estate Board of Greater Vancouver says only 1,887 homes were sold in July, a 43.3 per cent decrease compared with the same month last year.
$7M from Feds to assist builders of the 11-storey tower to meet “net zero energy and passive house” standards
Vancouver MP: 'Once completed, the fully electrical building will emit 94 per cent less GHG emissions than a standard building'
19,227 sqft multi-family sells for $7.5 Million located in 14333 104 Avenue, Surrey
'Extended stay' hotel suites, meant for rentals for up to six months, cover entire floor of Guildford-area property
Kitsilano supportive housing project approved by Vancouver City Council
Thirteen-storey B.C. Housing project at Arbutus and 7th Avenue will provide permanent shelter for 129 homeless people
Metro Vancouver’s vacancy rate has eased to 0.5% due to huge increase in supply | Colliers
Industrial lease rates increased to an average of $18 per square foot in the second quarter, Cushman & Wakefield reported, with some markets flirting with $20 per square foot for new product.
Westbank and Squamish nation to build 6000 units next to Burrard Bridge
Now the Musqueam are using some of those lands near the University of B.C. to provide badly needed housing for the broader community and generate economic prosperity for their Nation.
405 units multi-family tower in Burnaby sells for $184.9 Million
Two multi-family towers with a total of 405 units will remain as co-operative housing
Property management firm in Vancouver sells for $720,000
Martello Property Services Inc., founded in 1988, purchased by Tribe for $720,000
BoC raises key interest rate by 1 percentage point, the biggest increase since 1998
on Metro Vancouver rental market "The Vancouver market was already in crisis. This (rate increase) just heightens it even more." - Paul Danison, content director Rentals.ca.
Colliers looks at 13 areas in Vancouver to understand why vacancy rates are low
Louwella Malda and Kyle Roberts launched The Filipino Noodle Joint in a mall on Keefer Street in Chinatown that has one of the highest vacancies in an especially hard hit area.
Shangri-La tower used a real estate appraiser to assess how the market value was affected by the problem
The case began in December 2015 when the lead plaintiff filed a notice of civil claim, alleging that defective glass windows were fogging, leaking and spontaneously breaking.
0.7 acres retail in Gaston area sells for $2.7 million
East Cordova Street, Vancouver, site purchased as strategic acquisition for future land assembly.
The median price for all housing types across Metro Vancouver fell by 13.5% to $889,000 in June
Prospective buyers are now being forced to weigh the positive impact of falling prices against the negative impact of rising interest rates
Vancouver proposes huge condo-rentals-social housing development at north end of Granville Bridge
Public responses so far runs against the development by those worried about density without amenities and an urban planning professor says density can be achieved without building towers that dominate areas of Vancouver
9,108 square feet mixed-use strata rental in New Westminster sells for $5.6 Million
Geordie Place includes 16 residential strata units and four commercial strata units on a corner lot in New Westminster, B.C.
10,032 square feet industrial in Delta sells for $6.45 Million
Well-maintained complex of 10,032 square feet in Tilbury Industrial Park trades at $6.45 million
Vancouver’s industrial market is just blistering white hot | Susan Thompson
Rising interest rates could slow new industrial strata projects
Lower Mainland’s commercial real estate market saw a steady pace of sales in the Q1 2022
Coming off near-record activity in 2021, the Lower Mainland's commercial real estate market saw a steady pace of sales in the first quarter (Q1) of 2022.
0.82 acres retail in Burnaby sells for $9.3 million
A&W drive-thru restaurant is on a 36,000-square-foot lot on Kingsway Avenue, Burnaby, B.C., with development potential.
240,000-square-foot distribution centre in Richmond expected to open in spring 2024
Coca-Cola Canada Bottling Ltd.'s new B.C. investments also includes a $24 million bottling line
Homes sales are dropping fast and housing projects are being cancelled
Looking for bargains "Greater Vancouver home sales dropped 32 per cent year-over-year in May,' says real estate analyst Steve Saretsky.
Amenity contributions are a “double-edged sword” that create “a big revenue stream | Alex Boston
Still, the Vancouver city website is full of praise for the hundreds of millions of dollars that developers, in return for upzoning, have devoted to help create scores of amenities, such as the Marpole Family Place, the Jim Deva Plaza and the Creekside Communi…
Demand for industrial strata developments continued including Tri-Cities
icola Wealth Real Estate (NWRE) and PC Urban Properties have acquired 3.4 acres of industrial land at 2660 Barnet Highway in Coquitlam for well over its assessment.
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 77
- Burnaby North - 365
- Burnaby South - 343
- Campbell River - 1
- Chilliwack - 221
- Cloverdale - 193
- Comox Valley - 10
- Coquitlam - 563
- Delta - 10
- Duncan - 41
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 109
- Langford - 156
- Langley - 529
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 28
- North Island - 2
- North Saanich - 8
- North Surrey - 409
- North Vancouver - 747
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 266
- Port Moody - 267
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 153
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 713
- Surrey - 662
- Tsawwassen - 97
- Vancouver East - 998
- Vancouver West - 2482
- Victoria - 665
- View Royal - 46
- West Vancouver - 230
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