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Surrey vacancy rate office market fallen to 4.8 percent tightest in Metro Vancouver
This year, tenants and strata office buyers are expected to snap up more than 219,000 square feet of Surrey offices, according.to Avison Young, and most of that will be in brand new buildings.
Greater Vancouver housing market remains strong in January 2021
Buyers are largely motivated by a desire to live in different accommodations with some remaining in the same general area and others looking to relocate.
Pandemic wont stop REITS in rental markets even if manifested by the increase of vacancies
More real estate investment trusts, which have deep pockets and make investments so they can pay shareholders, are interested in Vancouver and B.C. properties, but it's hard to predict if other large deals like this are coming, said Coulson.…
Increase in sales of single-detached houses market in the City of Delta, REBGV
As for the North Delta and the Fraser Valley area, the FVRB notes that in a month that is usually one of the quietest in real estate, Fraser Valley's total market continued at a breakneck pace, producing the strongest January sales on record.…
17-acre light industrial property at 3990 Marine Way in South Burnaby with a minimum bids start at $63 million
The City of Burnaby, where industrial land is scarce and the industrial vacancy rate is among the lowest in Metro Vancouver, is looking to sell a "prime" 17-acre light industrial property at 3990 Marine Way.
Increase in sales of a single-family home market in Greater Victoria, VREB
Victoria now has the third-highest home prices in Canada, behind only Vancouver and Toronto.
Multi-family rental building with land size of 12,432 square feet sold for $7 million
Built in 1964, the multi-family rental on a 12,432 square foot corner lot in an affluent Vancouver neighbourhood sold for $7 million.
Rental vacancies in Metro Vancouver spikes up to 2.6 percent in 2020 due to pandemic
Newer structures drove the increase in the vacancy rate, particularly in the cities of Vancouver and Surrey, while vacancy rates decreased in suburban markets such as Langley and White Rock, according to the report.
Real estate home sales increase up to 67 percent in first half of January 2021, Vancouver
"In 2019 we were saying buyers are needed! This year much like last year, it's sellers that are needed!" Skipworth wrote in an email sharing the January mid-month figures.
The latest housing boom has also driven eye-popping price increases in areas that remain affordable
This time, though, the faster property appreciation isn't happening in Vancouver and Toronto, two of Canada's priciest markets, but in areas that were — at least until recently — affordable.
2021 multi-family deal of the year by InterRent, Crestpoint pay $292.5M in Vancouver
To put this $292.5 million deal in perspective, it represents more than 40 per cent of the total multi-family sales volume through the first three quarters of 2020 across all of Metro Vancouver.
1.32 acres located at 3210 Lake City Way, Burnaby, B.C sold for $12.25 million
Single-tenant, 1.32-acre Lake City Way property near a SkyTrain hub sold over assessment for $12.25 million.
REBGV, B.C year ending sales report shows that home sales were strong
The Real Estate Board of Greater Vancouver says real estate activity ended 2020 on a positive note driven by low interest rates despite COVID-19, overcoming the setbacks that were seen in the spring.
REBGV - 53.4% home sales increase over the same time in 2019
"Robust December sales outpaced long-term averages in what's traditionally the quietest month of the year in real estate. This was part of an unusual seasonal pattern the market followed last year, which can be attributed in large part to the pandemic," said R…
Multi-level industrial complex in Burnaby’s Riverbend Business Park
Oxford has transformed the 64-acre brownfield site – once a paper mill and landfill - into a 1.3-million-square-foot master planned business park. Oxford first announced in November 2019 its intention to build the two-storey project on a speculative basi…
Vancouver home buying activity still exceed high compare to December 2018 - 2019
There have been 1,492 home sales in the first two weeks of the month, down slightly from the 1,505 sales posted during the same time in November.
Canadian housing market deemed “moderate degree of vulnerability” based on Q3 CMHC market assessment
Despite receiving low vulnerability scores across all four metrics, both Toronto and Vancouver were deemed moderately vulnerable overall. In Toronto's case, CMHC's Dana Senagama told Mortgage Broker News that the city's evaluation reflects the persistence of t…
High demand in industrial real estate - City of Abbotsford
There is 460,000 square feet of new industrial buildings are currently under construction in Abbotsford, representing nearly 14% of all industrial development in the Lower Mainland
PC Urban submitted two new strata industrial projects in City of Vancouver
PC Urban has submitted a development permit application to the City of Vancouver for the two new strata industrial projects. They are to be built on a former metal recycling 2.2-acre site on Ontario Street and a two-acre site on East Kent Avenue, which was use…
0.96-acre industrial site sold at $7.3 million - Richmond
Rare freestanding industrial building on Riverside Way sold for $1.4 million above assessed value.
Industrial Land on 9.77 acres in Port Coquitlam sold for $13.5 million
Site is comprised of 22 parcels on Kingsway Avenue near Pitt River Bridge and has potential as an income hold and for future development.
Rental housing with 1,728 units to be build in Burnaby’s Lougheed Town Centre
Renovation, construction would add 1,728 units in Burnaby's Lougheed Town Centre
Increase crime is one of the retailers struggle during the pandemic
A new study on main streets in B.C. and Ontario released December 7 by Vancity shows that rising crime has become a characteristic for B.C. downtown retailers struggling through the pandemic, where it is the No. 1 concern in Victoria and East Vancouver.…
Investment company wants to unload 8 retail properties in Vancouver
An investment company wants to unload its retail holdings in Vancouver's most popular shopping district.
Luxury penthouse with 1,310 square feet at Burfeild Place, West Vancouver
Penthouse 1 – 701 in Courtenay has 1,310 square feet of private terrace space on the top level of this luxury hillside development on Burfield Place. This penthouse is the last suite available in the 39-unit mid-rise collection developed by British Pacif…
REBGV data shows Vancouver home sales is higher 22% since November 2015
Detached and attached homes saw the largest annual sales increases, at 28.6 percent and 40.1 percent, respectively. Condo sales rose by a relatively calm 12.2 percent.
Even with continued government investment from casino-generated revenue, the industry is not sustainable due to declining revenues, public participation and attendance, a letter from the province reads.
The future of horse racing in B.C. is in doubt after the provincial government pulled slot machine revenue from Vancouver's Hastings Racecourse — B.C.'s last operating horse track. The province dropped the bombshell to representatives of horse racing in …
Receivership proceedings began nearly two years ago for 1289 Nicola St.
After being tied up in insolvency proceedings for nearly two years, the development site at 1289 Nicola St. in the West End of Vancouver has finally been sold, according to filings in the Supreme Court of British Columbia. Located just two blocks away from Sun…
Once open, the new school will be operating at near capacity.
The long-anticipated elementary school in Vancouver's Coal Harbour has a name. The school, located at the foot of Broughton Street overlooking the marina, is scheduled to open next summer after its initial completion this fall was delayed by supply-chain issue…
After a sometimes-heated council meeting, Vancouver Mayor Ken Sim said he supported delaying a decision on his motion on the Filipino cultural centre until next month to allow more time for review.
After several hours of impassioned arguments both for and against a developer's proposal for a two-tower project incorporating a hotel and a Filipino cultural centre, Vancouver city council decided Wednesday night to delay the decision until next month. Every …
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 78
- Burnaby North - 367
- Burnaby South - 346
- Campbell River - 1
- Chilliwack - 221
- Cloverdale - 194
- Comox Valley - 10
- Coquitlam - 566
- Delta - 10
- Duncan - 41
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 110
- Langford - 156
- Langley - 539
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 28
- North Island - 2
- North Saanich - 8
- North Surrey - 411
- North Vancouver - 747
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 268
- Port Moody - 268
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 154
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 714
- Surrey - 667
- Tsawwassen - 98
- Vancouver East - 1000
- Vancouver West - 2488
- Victoria - 665
- View Royal - 46
- West Vancouver - 230
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