COVID-19 hit the province’s commercial real estate market where it hurts, but the deals have kept flowing this year. As the pandemic took hold, investment in B.C. commercial property suffered its worst first half since 2015, according to a new midyear report by Avison Young. Tracking industrial, office and retail deals valued at more than $5 million, the real estate services firm found that 84 transactions worth a total of $1.5 billion wrapped in the first six months of 2020.
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Address: 4281 Pine Crescent Price: $10,880,000 Listing: R2493497 The skinny: Six-bedroom, eight-bathroom, 6,000-square-foot house on 9,116 square feet in Vancouver’s Shaughnessy The bling: OK, kids, class is in session. Or should we say glass? Because that’s what you’re going to find on this Shaughnessy corner lot—wall-to-wall windows and mirrors.
Henry Goldbeck grew up in a strict B.C. household, dreaming of the adventures he could go on once he was old enough to leave home. At 18, he sailed around the world as a merchant marine, later finding himself (literally and...
While COVID-19 has wreaked havoc on this province’s restaurant industry, it hasn’t necessarily affected alcohol sales on the same level. And though things definitely aren’t “back to normal” for those in B.C.’s brewery business, many in that sector got some good...
Think B.C. residential real estate had a strong July? Last month turned the heat up another notch as the market kept defying the COVID-19 downturn. Residential unit sales totalled 10,172 in August, the British Columbia Real Estate Association (BCREA) reports, a 42.8-percent increase over the same month in 2019. The average MLS price gained 12.7 percent, reaching $771,309. Total sales dollar volume hit $7.8 billion, a 61.1-percent jump over August 2019...
As most everyone has noted, this year is basically like the dog-in-a-house-that’s-on-fire GIF. Except the problem is, that’s not fully representative of 2020. Sure, the fire could be COVID-19; that makes sense. But you’d also need something to represent the actual...
Bethany McNeill does things differently in her industry, and now she has a shiny new credential to prove it. Last month, McNeill’s MB Pension and Benefits Group became the fourth insurance brokerage in Canada—and the only one entirely owned and operated...
The British Columbia Real Estate Association’s latest report, The Unusual World of Pandemic Economics, seems to contradict its title. Or maybe that’s the point. In any case, the hammering that many parts of the economy have seen thanks to the COVID-19...
While doing his PhD in mechanical engineering at UBC, Miayan Yeremi was taught that for the best entrepreneurial results, you must seek to solve a problem in an industry rather than create something to chase an issue that might not actually...
As the summer draws to a close and the provincial government nears a decision on how to allocate its $1.5-billion recovery package, it would be easy for some people to make the false assumption that a strong August for some...
At a Banff business conference more than a decade ago, a guy walked up to Vancouver tech entrepreneur David Gratton and literally offered to buy the shirt off his back. “It had an embroidered picture of an old airplane that...