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Vancouver developer asks for another extension on $10-million city fee
Anthem Properties was required, as part of rezoning for a 33-storey, 127-unit West Georgia Street condo development, to pay $26.1 million for what's called a community amenity contribution to offset costs to the city resulting from the project. Anthem paid mor…
Budget 2024: B.C. introduces new home-flipping tax
Flipping Tax The BC Home Flipping Tax is a 20 per cent tax on the gain from sale of a home within a one-year time horizon and a pro-rated tax on sales up to within a two-year period. The tax will apply to both properties and assignments of contracts and is in …
Canada’s commercial real estate landscape is set for a “seismic shift” not seen since the early 1990s
While the high interest rates of 1982 ruined many, Bains said the downturn of 1993 was even worse for the Vancouver real estate market in terms of liquidity. The liquidity challenges have returned in the current environment, where interest rates have risen fas…
High-density, mixed-use project along Delta's side of the 120 Street corridor, approved by City Council
This is a redevelopment of the 2004-built, six-acre Delta Shoppers strip mall on the mid-block site near the northwest corner of the intersection of 80 Avenue and 120 Street, replacing almost two dozen businesses including One20 Public House and Liquor Store, …
BC Real Estate Association numbers point to market ‘uptrend’ at beginning of 2024
The association says 3,979 sales were completed last month, for an average price of $957,909, a more than 10-per-cent jump from the year before. Association chief economist Brendon Ogmundson says the sales numbers show a "clear uptrend" to kick off 2024 with a…
BC industrial markets look to home in the face of headwinds
Smaller deals to local owner-occupiers are characterizing industrial markets in B.C. and Alberta as demand cools and construction costs remain high. "Anyone who absolutely had to have that large-bay space, they were having to commit to pre-construction buildin…
North Vancouver's Sinclair Dental sells to global distributor Medline Canada Corp.
North Vancouver-based dental supply and equipment distributor Sinclair Dental has sold to global medical-supply distributor Medline Canada Corp. for an undisclosed amount in a transaction that executives say will keep customers served to the same high standard…
What should Metro Vancouver do about the commercial truck parking dilemma?
Should the City of Delta consider exploring the permitting overnight on-street parking for big rigs on roads in industrial areas or on some public roads. A recent regional district staff report to the Metro Vancouver Board of Directors outlined the ongoing iss…
Vancouver real estate projects in receivership: ‘A blip’ or a beginning?
"Given where we are in an interest rate environment that we haven't seen in 20 years, is it a blip or view into the future?" said Yan, who serves as the director of Simon Fraser University's City Program. "I'm not sure." While he may not know the definitive an…
RioCan sells Surrey's Strawberry Hill Shopping Centre: $155M
The 35-acre centre near 72nd Avenue and 120th Street includes retailers such as The Home Depot, Winners, HomeSense, Sport Chek and PetSmart. It's also home to a Cineplex cinema and includes a large amount of surface parking area. Strawberry Hill has 35 retail …
A Vancouver waterfront view with a quirk: no property transfer tax
"NO PROPERTY TRANSFER TAX," it claims. "NO EMPTY HOMES TAX." Built in 1960, the 19-storey, 68 unit building boasts one of the great locations in Vancouver, just west of the corner of Denman and Davie streets, across from a park and English Bay. Why would buyer…
Vancouver city council approves vision for Jericho Lands
The development partnership of three First Nations and a federal Crown corporation is one step closer to transforming 90 acres of West Point Grey into a high-density, car-light community after Vancouver city council unanimously voted in favour of their plan on…
New B.C. resident stands to lose $82K in developer pre-sale ‘David and Goliath’ fight
A Surrey man is accusing a B.C. developer of acting in bad faith and costing him tens of thousands of dollars. Sudip Sehgall is a relatively new immigrant to Canada and dreamed of owning his own home in B.C. He put almost $82,000 down on a presale townhouse in…
Enough competition to ‘scare the living heck’ out of B.C. real estate agents as numbers surge
The number of licensed real estate agents in B.C. has increased by almost 35 per cent from 20,825 to 29,416 over the past decade, according to data from the BC Financial Services Authority (BCFSA). "If BCFSA gave honest information right now about how many Rea…
Vancouver's 'most-artful hotel' to be redeveloped into massive rental and accommodation complex
One of Vancouver's artsiest and most sustainable hotels is slated to be demolished and will be replaced with a new mixed hotel and apartment tower Bosa Properties and Henriquez Partners Architects are partnering with Listel Hospitality Group to redevelop the b…
B.C. office tenants hope ‘hotelification’ brings back workers
"It's about injecting finishes and design details that really speak to people and entice them to come in. With hotels you feel like it's a home away from home, so you're trying to create that feeling in the workplace," said Lee, who also acts as design princip…
Massive Jericho project inches ahead as polls show vastly different views
A proposal to build a dense neighbourhood on Vancouver's west side faces opposition from residents of the surrounding area, but new polling suggests residents citywide take a more favourable view. Next week marks the latest step in the years-long planning proc…
Jericho plan fails to serve Vancouver’s housing needs
The 90-acre Jericho site is the largest housing development in Vancouver's history. This is an opportunity to create a liveable showcase in city-making for future generations. As an urban planner and developer, I am in favour of urban density on the Jericho La…
Massive residential tower near Vancouver’s downtown goes into receivership
A high-profile high-rise project planned for the West End of Vancouver will not be getting off the ground anytime soon, as the developers behind the project have been placed under receivership, according to filings in the Supreme Court of British Columbia. Pla…
Soaring costs mean extra $105M needed for these two Burnaby rental developments
Skyrocketing construction costs mean two below-market rental developments in Burnaby have come in double their expected budget. The projects developed by Metro Vancouver Housing Corp., the regional government's housing authority, have come in a combined $105.5…
The project is backed by the families that own the Vancouver Canucks and Dallas Stars
The two companies behind a delayed ski and snowboard resort near Squamish owe $99.5 million to five creditors. That is according to a Dec. 14 list published by Ernst & Young, the court-appointed receiver for Garibaldi at Squamish Inc. (GAS Inc.) and Garibaldi …
Home affordability under pressure as home prices hold onto gains
Metro Vancouver housing prices largely held onto gains made in 2023, despite a slight decline in the latter half of the year. The prospect of a stable interest rate environment as the year began fuelled an 8 per cent rise in the Real Estate Board of Greater Va…
COV - City of Vancouver Multiplexes Update
https://youtu.be/qmjVhtvwQXE?si=KPtsYcMOTkQeFZG- - Great Video - call it "Multiplexes" ins and outs of COV Multi Plexes and if it makes sense to build" https://www.shapeyourcity.ca/multiplexes https://vancouver.ca/people-programs/housing-options-in-lower-densi…
Multiplex Home Development Project
At Home Wealth Construction, we specialize in guiding clients through multiplex home development in Vancouver, whether you're a homeowner ready to transform your property into a multiplex or an investor/developer seeking profitable opportunities. We simplify t…
Sutton Group: New owner McCredie
Vancouver-based McCredie Investments has completed the purchase of Sutton Group Realty Services Ltd. with plans to aggressively grow the brand throughout the country. Sutton Group is a Canadian-founded brokerage operating 200 offices nationwide with a team of …
B.C. Financial Services Authority says Pacific Evergreen Realty agents and brokers not complicit in fraud
A fraudulent scheme that saw an unoccupied home in Richmond, B.C., sold without the owner's consent has led to more than $300,000 in discipline penalties and costs for the real estate agents and brokers involved. According to a notice from the B.C. Financial S…
Investment firm McCredie set to acquire Sutton Group in Metro Vancouver real estate shake-up
Sutton Group, headquartered in Burnaby, has 200 offices across Canada supporting roughly 6,000 agents delivering an annual sales volume of more than $35 billion. It's now under the leadership of real estate entrepreneur Ross McCredie, principal of McCredie Inv…
The speculation and vacancy tax is working
– it has returned over 20,000 empty condos in Metro Vancouver alone. We're taking action to turn more empty units into homes for people by expanding the tax to 13 new BC municipalities. An action plan to meet the challenges of today and deliver more home…
Province expands speculation tax on Vancouver Island, Okanagan
The province is expanding its speculation and vacancy tax to 13 new communities, many of them vacation destinations and adjacent to areas already subject to the controversial measure. "With so many people struggling to find secure housing, we have to keep taki…
What's the best use for the City of Vancouver's industrial land?
Vancouver is considering more mixed uses on industrial lands, including multi-storey buildings that will allow for artist studios and work spaces for tech companies and the film industry, according to city reports. The move is part of the city's ongoing effort…
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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