Western Investor

Toronto investment firm buys downtown Vancouver office building for $225m

Toronto’s Crestpoint Real Estate Investment has purchased a Vancouver Class A office building for approximately $225 million, or more than $1,000 per square foot. The office and retail property at...

Telus’ Vancouver HQ sold to undisclosed buyer

Telus’ $750-million headquarters, Telus Garden, has been sold to an undisclosed buyer for an unreleased amount, the Telecom announced in Telus’ latest quarterly earnings report.   The property,...

Vancouver’s Anthem Properties acquires former CBC Calgary building for $12M

The site is slated for construction of 84 two- and three-bedroom townhouse units

B.C. commercial real estate brokers caught in legal crossfire over new ‘dual agency’ regs

Commercial real estate agents in British Columbia are about to be exposed to a crossfire of government regulations targeted at the residential sector.  This June, B.C. will become the first...

First Nations gatekeepers in Lower Mainland real estate

The three First Nation bands that now own 90 acres of prime real estate in Vancouver’s Point Grey – where an acre of land can costs north of $20 million – have not released plans for the site. The...

Vancouver mall transactions lead retail investment property sales

The volume of Canadian retail investment property sales for 2017 is expected to hit a 17-year high, with $5.3 billion in transaction volume already reported for the first half of the year. Eight...

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...

Coquitlam, Burnaby industrial set records

With some of the largest residential and retail developments underway, Burnaby and Coquitlam are headlined as among the hottest housing markets in Metro Vancouver – but the record-setting industrial...

MUJI to open flagship store on Robson December 2

Japanese retailer MUJI plans to open its second Metro Vancouver location – and the company’s largest location outside of Asia – on Robson Street December 2. The brand will occupy 14,507 square feet...

Valemount ski resort delayed until 2020

Construction of a ski resort near Valemount B.C. that was green-lit last year with a completion date of Christmas 2018 is expected to continue into 2020. The provincial government approved the...