Peter Mitham
Housing statistics yield surprises about non-resident ownership
Non-resident ownership Canada Mortgage and Housing Corp.’s latest housing market insight report grabbed headlines last week thanks to the details it provided on non-resident ownership of residential...
Pricing drops fail to defuse Metro housing affordability concerns
Still not affordable The ongoing slide in the benchmark price for a residential property in Metro Vancouver is approaching the point that will make headlines: the million-dollar mark. When the...
Industrial space shortage pushes Lower Mainland tenants east
Landlord’s market B.C.’s major cities are seeing strong demand for industrial space, a fact underscored by the recent CBRE Ltd. market survey that claims “Vancouver’s industrial hub is leading the...
B.C. budget offers few remedies in advance of housing downturn
Budget disappointment BC NDP Finance Minister Carole James appears to have played it safe across the board in last week’s budget. While affirming Victoria’s ambitious investment of more than $7...
Victoria highlights housing investments in advance of budget
Budget intentions The provincial budget this week will set forth Victoria’s spending plans for the coming fiscal year, a glimpse of which was seen in last week’s throne speech. The speech delivered...
Foreign buyers find purchase in region’s industrial strength
Industrial interest Demand for industrial space in Metro Vancouver continues to outstrip supply, leaving investors and tenants alike scrambling for opportunities. The strength of the market means...
Rising construction costs herald a reckoning for small developers
Cost pressures A year ago, people wondered how high prices could soar. Presale condo pricing was pushing the envelope across the region, and Bosa had recently sold office space at 320 Granville...
Healthy regional economy promises to help keep market tight
Housing unavailability Residential real estate is the main focus at the annual Urban Development Institute (UDI) forecast luncheon, even when non-residential builders take the stage. Workers...
Multi-family market booms as demand chases short supply
Billions sold Close to $3 billion worth of purpose-built rental properties changed hands in Greater Vancouver last year, according to the numbers crunched by the Goodman team at HQ...
Co-working company partners with hotels to free up work space
Hoteling co-workers Hoteling office workers first took hold in the 1990s, but with major co-working space providers such as WeWork Cos. Inc. gobbling up traditional office space, Vancouver...