Real Estate

Nov 19, 2020
Weekend Warrior: Road riding turns property manager Erin Gibault's crank
Nathan Caddell

Right around the time he made the biggest career move of his life, Erin Gibault took up cycling. Sure, that could have had more to do with age than anything, as the then-35-year-old Richmond native found that running was getting...

Nov 14, 2020
Q&A: What could 2021 bring for real estate in Canada and Vancouver?
Nick Rockel

For real estate, like many other sectors, COVID-19 has made forecasting a nearly impossible task. As John Bunting talked to industry experts for the Canadian edition of Emerging Trends in Real Estate 2021, he knew that all bets were off. “I...

Oct 28, 2020
Victoria developer GMC Projects makes the argument for high-quality rentals over condos
Nathan Caddell

When Jordan Milne joined GMC Projects in late 2006, the company was really just him, his father, Lorne, and controller Glenda Infanti. The Victoria-based real estate developer focused on office and industrial properties back then, but the younger Milne was...

Oct 16, 2020
Big Fat Deal: $9.5 million to quarantine at Woodjam Ranch in Horsefly
Nathan Caddell

Address: 2551 Kroener Road Price: $9,500,000 Listing: R2479941 The skinny: 2,122 acres of deeded land in Horsefly, B.C. The bling: Welcome to Woodjam Ranch. Hope you enjoy your stay, because there’s literally nowhere else to go. Seriously, it’s Dr. Bonnie Henry’s wildest dreams. This is a place that...

Oct 9, 2020
Look for U.S. buyers to snap up more Vancouver homes
Nick Rockel

Every time there’s a U.S. election, it seems, Americans threaten to move to Canada. Google searches for “How to apply for Canadian citizenship” peaked after the recent train wreck of a debate between President Donald Trump and Democratic rival Joe Biden. Andrew Carros, licence partner with Engel & Völkers Vancouver, thinks this time really could be different—and that Vancouver residential real estate will benefit from motivated U.S. buyers...

Sep 18, 2020
For B.C. commercial real estate, COVID-19 creates winners and losers
By the Editors

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.

Sep 17, 2020
Big Fat Deal: $11 million to reflect on it all in Shaughnessy
Nathan Caddell

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.

Sep 14, 2020
B.C. residential property market continues its winning streak
By the Editors

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...

Sep 9, 2020
More disposable income, tight supply keep B.C. housing market strong despite COVID-19: report
By the Editors

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...

Sep 1, 2020
Big Fat Deal: $22.8 million to chase the dragon in West Vancouver
Nathan Caddell

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...

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