Peter Mitham
Strong demand, short supply keep office, industrial on full boil
World leader The latest figures from CBRE Ltd. give Vancouver’s downtown a credible claim to being the hottest office market in the world, and most certainly North America. A mid-June report...
Lower property assessments set to raise Greater Vancouver taxes
Valuation day With the first half of the year done, the number crunchers will be busy sorting the data for initial insights on the market with a view to figuring out where the second half will take...
Inclusive city visions and vertically challenged industrial storeys
Inclusive and complex Vancouver Mayor Kennedy Stewart geeked out – to use his term – with a PowerPoint presentation to Urban Development Institute members on June 13, outlining his vision for the...
Taxes boost cost of parking as commuter vehicle options expand
Who needs a garage? Digging through the family recipe box is illuminating. There might be the recipe the local schoolmarm gave your grandmother for date pudding or one clipped from Homemaker’s...
Seniors face rent hikes despite rise in independent-living units
Rent increases grow old Higher vacancies aren’t translating into lower rents for seniors, according to a new Canada Mortgage and Housing Corp. (CMHC) report. The vacancy rate for independent-living...
Office space, industrial demand buck slower investment market
Slowing sales Office assets were the bright spot for Metro Vancouver investment transactions in the first quarter, according to real estate consulting firm Altus Group. A total of 26 office...
Capital spending rises in B.C. on strong real estate values
Rising hotel values Despite few buying opportunities in Vancouver and elsewhere, B.C. was the top destination for hotel investors in Western Canada in 2018, according to Colliers International. The...
Full and fuller: hotels, office space face record-low vacancies
Full house The first long weekend of cottage season in much of Canada has just passed, even though the North Shore backcountry remains hazardous. It may be summer in the city, but it’s still winter...
BC Tree Fruits sets course for packing-house consolidation
Core business BC Tree Fruits Cooperative has purchased 85 acres near Kelowna International Airport for a new packing plant and cider facility as part of the ongoing consolidation of its real estate...
ALR advisory committee slams industrial land redevelopment
Making reservations Publication last week of the final report of the committee charged with recommending ways to revitalize the Agricultural Land Reserve (ALR) and the commission that oversees it –...