British Columbia

housing starts

CondoBusiness

Housing starts trended lower in December

According to Canada Mortgage and Housing Corporation (CMHC), the trend measure of housing starts in Canada fell to 203,502 units in December from 208,204 in
GHG

REMI Network

B.C. enforces GHG reporting and compliance act

As of January 1, 2016, the new Greenhouse Gas Industrial Reporting and Control Act (GGIRCA) is expected to be enforced in British Columbia.
budget 2021

CondoBusiness

Squamish development sold out in 90 minutes

Parkhouse Squamish Ltd. held presales for ParkHouse Condominiums, one of Squamish, B.C.’s largest condo developments on Nov. 7. The 65-unit, four-storey wood-framed building was sold

Canadian Facility Management & Design

Richmond Olympic Oval recognized by IAKS/IOC

The Richmond Olympic Oval has been honoured with the All Time Award from the International Association of Sports and Leisure Facilities (IAKS) and the International
budget 2021

Canadian Apartment Magazine

CAPREIT expands in tight B.C. rental market

CAPREIT adds to its B.C. based holdings with the acquisition of properties in Victoria and Langley

CondoBusiness

B.C. introduces enhanced home builder licensing

Through the Homeowner Protection Act, the Government of B.C. is establishing new requirements for home builders specializing in the construction of single-family homes and small residential buildings. In order to renew their licences on an annual basis, home builders will be required to take continuing education courses in professional development as it relates to residential construction.

Canadian Facility Management & Design

Historic Vancouver hotel renovated and reopened

Under British Columbia’s Single Room Occupancy (SRO) Renewal Initiative, Vancouver’s historic Gastown Hotel has been renovated and officially re-opened for business. The $143.3-million public-private initiative was established to help restore and maintain 13 provincially owned SRO hotels in the city’s Downtown Eastside for homeless individuals or those at risk of homelessness.

REMI Network

Bay Centre sale could be B.C.’s top deal of 2015

The Bay Centre shopping mall in downtown Victoria, British Columbia, has been sold, marking what could be one of the largest commercial real estate transactions
amenities

Canadian Facility Management & Design

Teen-focused YMCA planned for Coquitlam

The City of Coquitlam and the YMCA of Greater Vancouver have signed an Agreement in Principle to develop a new 50,000-60,000-square-foot community recreation facility in the Burquitlam community of Coquitlam, B.C. A site for the new facility has not yet been selected, though city officials are eyeing the location of the future Burquitlam Evergreen Line rapid transit station.
singleton reynolds

Canadian Apartment Magazine

Mainstreet acquires $33.7-mil Surrey apartment

A 331-unit, five-building rental complex, located in Surrey, B.C., has been acquired by the Calgary-based Mainstreet Equity Corporation (Mainstreet). The property was purchased for $33.7-million and brings Mainstreet’s total Vancouver/Lower Mainland B.C. apartment portfolio to just over 2,700 units.
Minto aprtment REIT

Canadian Apartment Magazine

B.C. keeps allowable rent increase low

The Government of British Columbia is keeping the allowable rent increase for residential tenancies at 2.5 per cent for 2015. This means no change from the rate established in 2014. By law, the rate of rent increase is calculated by a formula of two per cent plus the rate of inflation.

Construction Business

B.C. approves $8.7 billion Site C Dam

Construction of the $8.7 billion Site C Dam in B.C. will begin in summer 2015 and will provide approximately 10,000 direct construction jobs. In making
Amazon

REMI Network

UDI honours B.C. real estate industry

The Urban Development Institute Pacific Region (UDI) has announced the winners of the 2014 UDI Awards for Excellence, honouring B.C.’s real estate industry. “The UDI

Canadian Facility Management & Design

Skilled trades training centre opens in Delta, B.C.

A new 142,000 square foot Motive Power Centre of Excellence has replaced outdated facilities at the BC Institute of Technology and Vancouver Community College. The $16.5-million development, located at Annacis Island in Delta, B.C., will provide space to train the region’s next generation of tradespeople in the heavy-duty transportation sector. These individuals will include heavy-duty, transport trailer, diesel, and commercial transport mechanics as well as railway conductors and forklift operators.