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Real Estate

Calgary transforms old offices to apartments; experts say other cities should follow

Calgary transforms old offices to apartments; experts say other cities should follow

CALGARY — No community anywhere would willingly choose to have a nearly 30 per cent office vacancy rate in its downtown core.
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These were the most expensive commercial properties sold in Burnaby last year

These were the most expensive commercial properties sold in Burnaby last year

Commercial properties sold in 2023 for prices ranging from $10.3 million to $3.3 million
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GSL Group ramps up development plans for Kelowna properties

GSL Group ramps up development plans for Kelowna properties

Vancouver-based developer proposes 23-storey tower for Capri Centre, revives Water Street plans
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Prairie real estate set for reset in 2024 as major projects rise

Prairie real estate set for reset in 2024 as major projects rise

Population growth, major projects buoy prospects
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BC commercial real estate outlook hinges on interest rates easing

BC commercial real estate outlook hinges on interest rates easing

Rising receiverships highlight the importance of cash flow as borrowing costs remain high
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Here are the 10 most expensive homes in the City of Vancouver

Here are the 10 most expensive homes in the City of Vancouver

Many of the most expensive homes in B.C. are neighbours in Point Grey and Kitsilano.
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Vancouver region closes out 2023 with higher home sales, average price of $1.17M

The Real Estate Board of Greater Vancouversays December home sales rose compared with a year earlier as the region closed out 2023 with balanced market conditions despite high borrowing costs.
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Reduced office values promise a tax hit to other property classes

Reduced office values promise a tax hit to other property classes

Value shifts compound the impact of municipal budget increases
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Experts eye interest rate in 2024 as assessed property values stabilize in B.C.

Experts eye interest rate in 2024 as assessed property values stabilize in B.C.

VANCOUVER — The latest housing assessment figures in British Columbia show residential property markets softening across the province, but analysts say it may not bode well for affordability in the coming year.
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B.C. government forges ahead with $907M in homeowner grant subsidies

B.C. government forges ahead with $907M in homeowner grant subsidies

The annual homeowner grant returns property tax to those who own a principal residence valued under $2.15 million.
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