Western Investor staff
Oxford Properties to sell 50% stake in Fairmont hotels in B.C., Alberta
The Fairmont hotels are located in Whistler, Banff, Lake Louise and Jasper and are said to have an estimated transaction value of over $1 billion
Tallest residential tower in Western Canada to begin construction in Burnaby
The 64-storey tower is set to begin construction now that the site near Gilmore SkyTrain station has been cleared
Fraser Valley becomes favoured investment destination as giants step in, transit steps up
Giant distribution centre and LRT decision reflect reasons Metro developers, investors, homebuyers are heading south across the Fraser
Tim Hortons signs deal to expand into China
Canadian coffee icon Tim Hortons has inked a deal with private equity firm Cartesian Capital Group to expand into China. Under the exclusive master franchise joint venture agreement, Cartesian will...
Vancouver has highest construction costs in Canada
A high-quality 2,000-square-foot detached house would cost up to $460,000 in hard construction costs to build in Vancouver. In Toronto, this house would cost $420,000, and in Montreal, Calgary or...
Baby boomers are the biggest cannabis consumers: StatsCan
Baby boomers – defined as those over 55 – are the primary consumers of marijuana, according to Statistics Canada, and marijuana storefront operators say many of their regular clients are over age...
Hudson’s Bay invites bids on its iconic downtown Vancouver location
Hudson’s Bay Company’s (HBC) is inviting bids on its iconic flagship store on Granville Street, following news of the retailer’s Lord & Taylor Fifth Avenue sale in New York. The Toronto-based...
Vancouver investment in commercial real estate outpaces Toronto in first half of 2017
Despite having a much smaller population, Vancouver surpassed Toronto in property investment by more than $1 billion in 2017’s first six months. This is the first time commercial real estate...
Condo shortage looming in Vancouver
Despite a white-hot presale market that has driven new condo inventory to record lows, mandatory registration of new Vancouver condominiums have fallen 28% as starts have plunged. Registrations of...
Chevron sells off two more Vancouver stations for redevelopment
Two more Vancouver Chevron stations have been sold and three more sites are currently for sale, allowing the company to profit off their redevelopment potential. One of the stations, located at the...