Western Investor staff

CBRE lands massive $190M-a-year contract to manage B.C. government’s real estate

Global commercial real estate firm will provide maintenance, janitorial and construction services at courthouses, correctional facilities and government buildings throughout province

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...