Vancouver
Canadian Apartment Magazine
Apartment vacancy drops in Vancouver
According to a Canada Mortgage and Housing Corporation November report, Vancouver’s already-low apartment vacancy rate has fallen to 0.8 per cent, down from 1.0 per cent last year
Canadian Apartment Magazine
Vancouver mansion to convert to rental units
A heritage mansion in Vancouver’s West End has been sold for $6.72 million and will be converted into rental housing. Considered one of the neighbourhood’s ‘last great mansions,’ for decades it had served as a restaurant, but new owner Nevin Sangha plans to convert the 17,327 square foot house into multiple apartment units.
REMI Network
Vancouver leading economic performer in 2015
Economic performance in Vancouver is expected to outpace other urban economies in Canada this year, according to The Conference Board of Canada.
CondoBusiness
Key luxury real estate markets to heat up this fall
Luxury real estate will be in high demand in the Toronto and Vancouver markets this fall, outpacing available inventory, forecasts Sotheby's in a report.
CondoBusiness
Canadian home sales held steady in August
National home sales activity held steady in August, posting a 0.3-per-cent month-over-month increase, reports the Canadian Real Estate Association (CREA).
Canadian Apartment Magazine
CAPREIT acquires 19 Vancouver properties
CAPREIT announced that it has completed the acquisition of a portfolio of 19 apartment properties in the Greater Vancouver Area totaling 919 residential suites. The purchase price of $170.0 million (excluding transaction costs) was funded with CAPREIT's Acquisition and Operating credit facility.
CondoBusiness
Vancouver housing market skipped summer lull
Metro Vancouver home sales topped the 10-year average by 25 to 30 per cent between June and August, according to the Real Estate Board of Greater Vancouver.
CondoBusiness
Housing affordability eroded further in Q2: RBC
Excluding the Toronto and Vancouver markets, Canadian housing affordability remained relatively stable in Q2, according to an RBC Economics Research report.
CondoBusiness
Baby boomers driving luxury condo sales: report
Downsizing baby boomers are driving year-over-year gains in luxury condo sales in Toronto and Vancouver, according to a report released yesterday.
Design Quarterly
Vancouver’s Polygon Gallery underway
Shovels will go in the ground in early 2016 for Polygon Gallery, a new public art gallery on Vancouver’s waterfront.
CondoBusiness
Vancouver condos lure ultra-wealthy homebuyers
Luxury market analysts conclude Vancouver is well positioned to attract more ultra-wealthy homebuyers who face economic and/or political turmoil in their own countries.
Construction Business
City of Vancouver’s Brian Jackson set to retire
The City of Vancouver general manager of planning and development, Brian Jackson has announced his plans to retire at the end of 2015.
Canadian Facility Management & Design
Telus turns to green bonds to help fund new HQ
Telus will issue $225 million in green bonds to investors that are willing to help finance the completion of its new Vancouver headquarters.
Canadian Property Management
New prestige office buildings capture market
Although longstanding landmarks in the Toronto, Montreal, Calgary and Vancouver skylines now command average rents 18 per cent higher than less iconic competition can muster, real estate analysts predict an emergent tenants' market will alter that picture.
Construction Business
Votes reject Metro Vancouver transit plebiscite
Metro Vancouver residents voted an overwhelming ‘No’ against the Mayor’s Council plan to fund transportation improvements. The mail-in ballot vote was held over a 10 week period from March 16 to May 29 with 61.68% of voters rejecting a 0.5% PST regional increase.
CondoBusiness
Metro Vancouver saw record home sales in June
Last month was record-breaking for the Real Estate Board of Greater Vancouver (REBGV), which reported its highest sales ever for the month of June.
CondoBusiness
West Coast condos to rise on rare waterfront site
Concert Properties is set to launch Voda, the first of four condos that will be built on one of downtown Vancouver's last parcels of waterfront property.