Western Investor

Sale of Pinnacle Renewable Energy complete

Purchase of wood pellet producer Pinnacle Renewable Energy Inc., B.C.’s biggest biomass firm, has made U.K-based Drax the world’s largest bioenergy generation and supply company

B.C. pays 4.5 times assessed value for Downtown Eastside’s Patricia Hotel

Price of $63.8m, or more than $327,000 per room, is 3.3 times higher than the average for hotel property sales in Canada in the past year

B.C. recreational property catches the real estate wave

Prices are expected to rise a further 15% this year as line blurs between primary residences and recreational property, new study says

Major projects salvaged B.C. construction in 2020

While residential and commercial construction declined sharply in 2020, major projects increased to nearly $370 billion

Early February numbers show condo buyers back

Vancouver home sales as of mid-February point to a resurgence in condo demand as transactions hit the highest level in four years

B.C. was top U-Haul destination in 2020

Alberta moves to No. 3 among provinces and North Vancouver is No. 2 for Canadian cities as a destination for U-Haul movements

Applications open for fed’s new commercial rent relief program

Applications are now being accepted for the revised Canada Emergency Rent Subsidy, with claims retroactive to September 27

Average Greater Vancouver house to hit $1.7 million in 2021

Real estate data shows coronavirus has delivered a shot in the arm to the Metro Vancouver housing market

B.C. construction workers miss job recovery

B.C. led the west in September job creation, but construction employment fell and is down 17 per cent from pre-pandemic levels

Suburbs besting Vancouver’s downtown office pace

While vacancy rates spike in the core, Metro Vancouver’s suburban office sector has seen a mild decrease, and absorption levels remain positive