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Real Estate

New government incentives set to spur mass-timber development in B.C.

New government incentives set to spur mass-timber development in B.C.

With more than 40 per cent of Canadian mass-timber projects already based in the province, B.C. is poised to capture ‘tidal wave’ of interest
BC Tree Fruits sells site bought for cancelled packing house

BC Tree Fruits sells site bought for cancelled packing house

Property value has risen significantly since 2019 purchase
Federal budget to include more money for apartment construction loans

Federal budget to include more money for apartment construction loans

OTTAWA — The Liberal government has revealed another glimpse of what it will present in the coming federal budget, announcing it's setting aside another $15 billion for an apartment construction loan program.
Greater Vancouver home sales down nearly 5% in March as prices rise: board

Greater Vancouver home sales down nearly 5% in March as prices rise: board

VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in March fell from the previous year, as total sales were nearly one-third lower than the 10-year average.
Normalization of industrial markets brings fresh opportunities

Normalization of industrial markets brings fresh opportunities

Tenant demand, new development supports a flight to quality across the West
B.C. to ban some 'personal use' evictions, stop rent increases over new children

B.C. to ban some 'personal use' evictions, stop rent increases over new children

Legislation introduced Tuesday would force landlords who use the 'personal use' rule to live in the unit for a year before listing it for rent again.
Metro Vancouver office vacancy holds steady as industrial rises

Metro Vancouver office vacancy holds steady as industrial rises

There are currently 70 full vacant floors in Vancouver's downtown core with industrial vacancy at the 'highest rate reported since the third quarter of 2018.'
Vancouver zoning update unlocks industrial office opportunities

Vancouver zoning update unlocks industrial office opportunities

Certain medical, professional business tenants able to use upper-level industrial spaces
Ottawa to launch $6B infrastructure fund to help build homes — with strings attached

Ottawa to launch $6B infrastructure fund to help build homes — with strings attached

OTTAWA — The upcoming federal budget will include a $6-billion infrastructure fund that would require provinces and territories to adopt certain housing policies in order to access the money, Prime Minister Justin Trudeau said Tuesday.
Renting for life? Here's what that means for your financial planning

Renting for life? Here's what that means for your financial planning

Renting your home for life doesn't have to spell financial sacrifice; it simply means directing your money elsewhere. Young people in today’s housing market can feel particularly hopeless, said Shelley Smith, an investment advisor at TD Wealth.