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Real Estate

B.C. home sales cut in half as high borrowing costs depress sales activity

B.C. home sales cut in half as high borrowing costs depress sales activity

Home sales in Greater Vancouver are close to the lowest they can get, says BCREA economist
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Rob Shaw: B.C. renters now entitled to highest rate of interest on deposits in two decades

Rob Shaw: B.C. renters now entitled to highest rate of interest on deposits in two decades

Landlords are required to pay 1.95 per cent interest on deposits in 2023, under a formula that sets the rate of prime minus 4.5 per cent.
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Rethinking use of downtown office space leading to more subleases, vacancies

Rethinking use of downtown office space leading to more subleases, vacancies

The office market is in a period of adjustment as companies understand with more certainty the needs of their employees.
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Displaced Merritt, B.C., residents to move into transitional housing

Displaced Merritt, B.C., residents to move into transitional housing

MERRITT, BRITISH COLUMBIA — Nearly 15 months after catastrophic floods forced the evacuation of the southern interior city of Merritt, B.C., some residents whose homes were destroyed will soon move into new transitional housing.
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Views, yards and decks: Why these seven Port Coquitlam homes sold in seven days or less

Views, yards and decks: Why these seven Port Coquitlam homes sold in seven days or less

Real estate typically slows down in winter, but Port Coquitlam saw a few condos and townhouses sell quickly this past January and early February — despite interest rate concerns.
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Why this Port Coquitlam mom rented a 6,000 sq. ft. warehouse, and what she plans to do next

Why this Port Coquitlam mom rented a 6,000 sq. ft. warehouse, and what she plans to do next

Jessica Skuk started with a home-based, online gift box business. Now, she wants to create a community marketplace for artisan gifts made by Canadian women.
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Deloitte bringing workers back with new B.C. HQ

Deloitte bringing workers back with new B.C. HQ

The new downtown Vancouver space accounts for the changing nature of in-person work
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Major Vancouver condo developer seeks creditor protection

Major Vancouver condo developer seeks creditor protection

Coromandel has $700 million of debt stemming from the purchase of 16 groups of properties between 2016 and 2021.
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Canada's housing market to see listings fall in first quarter, before rebounding: TD

Canada's housing market to see listings fall in first quarter, before rebounding: TD

TORONTO — A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024.
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Transit to shape Metro Vancouver office development in 2023

Transit to shape Metro Vancouver office development in 2023

With implications for ESG, affordable housing and in-person work, accessible transportation and transit-oriented development is top of mind for B.C. industry leaders
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