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Immigration plunge affecting Vancouver’s rental market
Net immigration to British Columbia has gone negative, plunging 111 per cent in the first half of this year compared to the first six months of 2019, adding to concerns in the rental housing sector
Vancouver housing market is now shifted back into seller’s market territory
Now, after an anxiety-ridden spring and a remarkable summer bounce back, home sales have continued their high-flying performance in September while new home listings struggled to keep up.
Stunning architectural design of a 55-storey condo tower approves by Vancouver council
Pinnacle International project will be the fourth-highest building in the city and include 152 social-housing units and 303 condominiums
COV: plan to reduce the value of mixed-used commercial properties
City of Vancouver council has recommended a policy change that the city admits would reduce the value of hundreds of mixed-use commercial properties by up to 30 per cent.
Vancouver homes sales remain strong despite of pandemic
In its latest report, the Real Estate Board of Greater Vancouver said that 3,643 residential units were sold in its jurisdiction last month. This represented 19.6% growth from the 3,047 homes sold in August, and a massive 56.2% increase from the 2,333 transact…
Vancouver’s housing market soaring high in September sales
The Real Estate Board of Greater Vancouver (REBGV), which released the data on Friday, said that low interest rates and changing housing needs during the pandemic are the primary drivers of the increase in activity. Notably absent from REBGV's commentary on wh…
Sublease bulge expected office vacancy rates increases
With a spike in sublease space shoved back onto the market in the third quarter, Vancouver's downtown office vacancy rate has risen to 4.7 per cent, up from 3.3 per cent in the preceding quarter, reports CBRE Ltd., but still tied with Toronto with the lowest d…
601 Beach - new 55 storey proposed ‘twisting’ tower with 303 condo units and 155 social housing units to be developed by Pinnacle”
Vancouver council will consider a proposal this week for the 55-storey skyscraper, which would be one of the city's taller buildings, intended to form a southern "gateway" to downtown along with Vancouver House's similarly twisting design just across the Granv…
1.6 acres zoned for Single-family residential sells $1 million over ask
The South Surrey infill site, zoned for single-family residential development, sold for $6.5 million.
Cybercriminals have weaponized AI, using it to hone in on subjects and deliver more polished phishing attempts, as well as generate automated malware that lowers the barrier of entry for bad actors.
The "threat map" that greets you at reception of cybersecurity firm Fortinet's Metro Vancouver hub is the easiest illustration for the layperson of cybercrime's explosive growth. High up on the wall, LED streaks arc from location to location across a world map…
Marriott suffered the worst market decline in 2020
This January, Marriott broke ground on a 172-room hotel next to the Vancouver Island Conference Centre in Nanaimo, B.C. At the pre-pandemic start of 2020, the combined value of stocks of the Washington, D.C.-based corporation stood at $49.51 billion (all figur…
Pandemic increases industrial properties interest
"Our purchaser actually saw the for-sale sign being installed, and immediately called us," said Nick Goulet of Macdonald Commercial in Vancouver, the buyer agent with partner Stuart Wright. Goulet said they originally thought the near-$10 million asking price …
Multi-family real estate in Canada are exceptionally strong
The same factors are contributing to an overall softening in rents, which has made for some tasty headline fodder in Toronto and Vancouver. But McTait feels rents, like housing prices, could see significant growth once the economy levels out, immigration retur…
Renters are facing the threat of eviction during Pandemic
Tenants in East Vancouver are being pushed out to make way for a residential project, but the developer is allegedly saddled with hundreds of millions in unpaid loans.
Mayor Kennedy Steward viable plan for affordable homes in Vancouver
The house would look like any other house, except it might have four front doors. Three for families that make around $150,000 a year (like two teachers, or an accountant and a tradesperson). And one door reserved for middle-income earners – forever," re…
200 rental apartments with industrial and offices soon to rise at Main Street and East First Avenue
Vancouver's first real estate development considered a 'tri-mix,' combining residential apartments with offices and industrial space has launched in the False Creek Flats.
B.C Multi-family rental building insurance increase while raise rents is frozen
"Insurance companies are putting the hammer down," said Will Eddy, a client executive of Excel Insurance Brokers (Metro Vancouver) Inc. who explained Vancouver owners of older multi-family rental buildings are particularly at risk. "We are seeing increases of …
Homeless people in Vancouver are increasing
A City of Vancouver homeless count conducted over 24 hours in March found that 2,095 people were without a home. Mayor Kennedy Stewart now says the homeless population has grown since then, largely due to the pandemic, with the city thinning out it shelters fo…
4,438-square-foot industrial building sells $2.55 million
The free-standing building fitted out as a martial arts studio and has ample parking on the Graveley Street site in East Vancouver.
Offices and warehouse soon to rise in Seaspan Victoria Shipyards projected price $26 million, Vancouver
The 81,500-square-foot space would allow Seaspan Victoria Shipyards to amalgamate its supply-chain operations on one site. The plan was presented to Colwood City Hall in early September and appears to have support from the mayor.
2800-square-foot development site sells $2.45million below assessed value
The vacant 0.70-acre site on East Pender Street, Vancouver has flexible zoning with the potential for a mixed-use property to a maximum floor-space-ratio of 4.8.
Vancouver city council approve the rezoning application of a 28 storey rental tower
On July 21 this year, Vancouver city council cast a close 6-5 vote to approve a rezoning application for a 28-storey rental tower. The development site is at the southeast corner of West Broadway and Birch street, the former location of a Denny's Restaurant. A…
Nearly 10 acres sells for $64.5 million, Delta B.C
The 138,716-square-foot retail centre, on nearly 10 acres in Delta, B.C., is anchored by London Drugs and a major grocery chain.
Vancouver’s Trump Hotel has permanently closed
The land and building is owned by TA Global Berhad, a multinational Malaysian property company headed by Joo Kim Tiah, which paid to license rights to use the Trump name. Three of U.S. President Donald Trump's children — Donald Jr., Eric and Tiffany &mda…
Trump International Hotel Management firm, has declared bankruptcy
The company that operates the Trump International Hotel & Tower Vancouver, TA Hotel Management Limited Partnership, has declared bankruptcy, according to a document filed August 27 with the Office of the Superintendent of Bankruptcy Canada. It is a subsidiary …
Major Mall owners redeveloping premises from retail to market housing, Vancouver
This year an upscale, 12-storey high-rise rental tower at the site, developed in a joint-venture with Boardwalk REIT, has opened with average rents of $1,779 per month while the shopping centre below struggles with the financial fallout of COVID-19.…
Investors, philanthropists foreseeing future Downtown Eastside
Vancouver began here on a foundation of vision and hard work and now a new wave of real estate investors and philanthropists hope to reclaim its mean streets
20 Storey Rental building nixed by City of Vancouver
The city's planning department recently kiboshed Reliance Properties' proposal for a 26-storey apartment building at 837 Beatty St. The proposed development was never made public, because it died during the pre-application phase, the early part of the rezoning…
Port Moddy 14 Hectares site will have 1400 Condos
The Flavelle sawmill, last in a line of forestry operations that have occupied a central 14-hectare plot of Port Moody's waterfront since 1905, will fall silent at the end of October according to its owners.
Steve Nash Fitness World, Langley one of the fallen victim of the pandemic
A fitness chain in British Columbia that carried the name of Steve Nash has fallen victim to the coronavirus pandemic, and its bankruptcy has given the basketball star a victory he has wanted for years. SNFW Fitness B.C. Ltd., which operated about two dozen St…
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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The listing data is deemed reliable but is not guaranteed accurate by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board, Real Estate Board of Greater Vancouver, nor BCCondos.