Frank O'Brien

Office towers start with no leases signed

The 13-storey Offices at Burrard Place tower is not the only major office building underway in downtown Vancouver with no tenants but the speculation does not appear to faze developers. Reliance...

Speculation is best hope for housing supply, developers say

While the February 13 B.C. Throne speech hinted that attacking speculation is part of the answer to reducing housing costs in Metro Vancouver, developers say the reverse is true. In the past,...

Developers making tracks to Vancouver’s Railtown

Railtown might not be the next Yaletown, but the thin strip of gritty industrial on the lower Downtown Eastside is catching its share of trendy developers. Railtown is north of Alexander Street,...

CMHC eyes sticks and carrots to boost home supply

A 225-page report that involved 18 academics and a full-press push from Canada Mortgage and Housing Corp. (CMHC) staff has come up lame in suggestions on how to tamper high house prices in major...

False Creek Flats area faces soaring price pressure

The first speculative developers on Vancouver’s False Creek Flats might be the last to see land prices at less than $500 per square foot. The 1,100 acres roughly bounded by Main Street,...

New ‘dual agency’ realty rules sowing seeds of confusion

A new B.C. “dual agency” rule banning real estate agents from working with both the buyer and seller of a property are so complex and onerous it will result in frustrated consumers and a blizzard of...

Real estate developers pay to keep Metro Vancouver transit projects on track

Developers have anted up to start and complete Metro Vancouver transit plans, which are seen as “crucial” to the local economy – and real estate sales. At the Marine Gateway Canada Line station in...

High Vancouver land prices test city’s office strata ceiling

The developer behind the $20.4 million purchase of the 3 Vets outdoor store site on Yukon Street in Vancouver concedes that the final strata prices on its planned four-storey commercial building...

Rethinking retirement in Mexico

Ron Rishagen was born in Trail 74 years ago, but he will be spending most of his retirement days near Puerto Escondido on the southwest coast of Mexico, one of many British Columbians who have...

Lower Mainland condo buyers missed memo on the downturn

Runaway Metro Vancouver condominium sales were projected to take a hit this month from more expensive mortgages. But it appears that many buyers missed that memo. The Bank of Canada (BoC) pushed its...