Real Estate
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...
Address: 1324 West 58th Avenue, Vancouver Price: $4,180,000 Listing: R2440890 The skinny: Two-bedroom, one-bathroom, 1,000-square-foot house on 9,058 square feet in South Vancouver The bling: You know a house is a winner when the opening line of its three-sentence sell job includes the words “great choice to build a dream new...
Balfour Pacific, a Vancouver-based private equity real estate firm, is outperforming the market. Emerging as a top performer in global league tables might be considered a long shot for a Vancouver-based private equity firm investing in U.S. commercial real estate. After all, there are at least 5,000 funds, many based in the U.S., focused on North America. Balfour Pacific managed to do just that. Preqin, the leading source of alternative asset industry data, ranks the firm’s inaugural fund as...
BCBusiness + William Wright Commercial After several weeks that locked down the province and restructured the future of the contemporary workplace, BC businesses are back, many of them stronger than ever. Commercial real estate—often the cornerstone of a business’s livelihood—will be...
On Saturday, June 20, about 700 people braved a torrential downpour to come to an unremarkable Brentwood parking lot. The former home of a car dealership was being transformed for the first of many biweekly food truck fairs, this one featuring...
9.4 percent of buildings in B.C. were classified as highrises as of 2016—up 23.5 percent since 2011 In Vancouver: 29.3 percent—up 18.5 percent since 2011 In Victoria: 17.9 percent—up 14.1 percent since 2011 In Kelowna: 3.1 percent—up 46.3% since 2011 B.C. had 106 existing or under-construction skyscrapers (buildings more than...
BCBusiness + 34F Design As the workforce returns, employers face important decisions about workspaces and employee programs with consideration to the home-office workplace balance. “There is a huge number of people who need the social domain and the ideation of thoughts, and who thrive in a place where the process for taking...
Commercial real estate is holding up better than many other B.C. industries during the COVID-19 pandemic. But as some ugly new numbers show, this is no time to gloat. In a recent briefing, the British Columbia Real Estate Association reports that its BCREA Commercial Leading Indicator (CLI) plunged from 134.2 to 123.2 during the first quarter of the year. The index—which aims to forecast changes in broad commercial real estate activity throughout the province—fell 4.8 percent compared to the same...