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.
REMI

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.
REMI

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.