Western Investor
Landlords the winners as Metro Vancouver housing sales slump
With a near free-fall in Metro Vancouver, British Columbia housing sales will plunge 23 per cent this year, according to the BC Real Estate Association (BCREA), and the projected 2019 recovery will...
Mobile game developer to lease seven floors in Vancouver Centre II office tower
The global company will be the new office tower's lead tenant
Top two B.C. real estate investment towns are up north, third near Lower Mainland
The top two spots, according to BIV’s sister publication Western Investor, in B.C. for real estate investors in 2019 are in the northwest part of the province, which is ground zero for the biggest...
Vancouver housing market highly vulnerable despite easing prices: CMHC
The Metro Vancouver housing market is still exhibiting signs of overvaluation as home prices continue to outpace local income growth, according to a new Canada Mortgage and Housing Corporation (CMHC)...
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...