Real Estate
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.
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.
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...
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...
Address: 5358 Kensington Crescent Price: $22,800,000 Listing: R2488354 The skinny: Seven-bedroom, eight-bathroom, 12,254-square-foot house on 38,750 square feet in West Vancouver The bling: “Champagne wishes and caviar dreams really do come true.” That’s the first sentence of this listing. Apparently, it’s a reference to an old television show. To us...
As David Routledge sees it, reports of the death of the office have been greatly exaggerated–especially in a place like Vancouver. “Our strategy remains as it’s been,” says the vice-president and head of the Western Canada office at Oxford Properties...
BCBusiness + 34F Design In the 1960s, a new style of office design debuted to accommodate a desire for increased flexibility and social interaction. The new interior design concept, known as burolanschaft, incorporated plants and other decorations into the office landscape...
As many other sectors of the B.C. economy suffer, the residential property market keeps rebounding from its COVID-19 slump. The province saw 10,090 residential unit sales in July, the British Columbia Real Estate Association (BCREA) reports, a 26.6-percent jump over the...
Address: #12056 12074 Okanagan Centre Road Price: $22,000,000 Listing: 10209844 The skinny: Two separate houses with a total of eight bedrooms and nine bathrooms across 11.3 acres in the Okanagan Valley’s Lake Country. The bling: Oh, hey, tough guy. You’re looking to get out of the city and...
Address: 13778 Marine Drive, White Rock Price: $15,800,000 Listing: R2452144 The skinny: Five-bedroom, seven-bathroom, 10,743-square-foot house on 67,082 square feet in White Rock The bling: Why White Rock, you ask? Well, where else can you look out from your massive mansion at our neighbours to the south, take...