Real Estate News & Articles

Olympic village on shaky ground from start

2009-01-17

City politicians and staff failed to ensure the project had sound financing from the outset David Baines Sun Vancouver has asked the provincial government to amend the city charter to enable it to borrow the $458 million required to complet…

Found: Vancouver's best Chinese dishes

2009-01-17

Panel picks the top signature dishes of local restaurants Mia Stainsby Sun Help! That's what's needed in sorting out the good from the bad in the density of Chinese restaurants in Metro Vancouver. This week, we got exactly that from a panel…

The mantra: Cheap & delicious

2009-01-17

Mia Stainsby Sun Aaron McArthur became passionate about ethnic restaurants thanks to his wife, Elaine Yong. Here they enjoy a meal at Joyce Jiaozi Restaurant. Our list of restaurants includes their recommendations as well as that of another…

Fixed-rate mortgage better for first-timers

2009-01-17

Arrangement takes the uncertainty out of repayment Michael Sasges Sun Mike and Lisa Averbach are partners in business and life. Among their observations about people looking for a mortgage is that, all too often, they bring a poor credit hi…

Olympic Village problems ask some never-again questions

2009-01-17

Bob Ransford Sun If you are a Vancouver property owner you should know by now that you and your fellow ratepayers are pretty deep into the real estate development business. Oh, and by the way, business isn't that great today. Like many deve…

Why a buyer's market is a first-timer's market

2009-01-17

As the tumble in real-estate values and cheap mortgages boost first-home affordability, the opportunity to find and price a residence with measured purposefulness is great, but daunting Kim Pemberton Sun Dan and Lucy Robison (above, with ch…

North End of Granville Bridge Street Grid System to be approved by Vancouver City Council

2009-01-17

VANCOUVER Council to vote Tuesday on extending street grid system at the north end of the Granville Bridge KELLY SINOSKI Sun A plan to transform the area around the north end of the Granville Street Bridge into a pedestrian-friendly bouleva…

Millennium favoured by city hall managers

2009-01-17

Documents show they expected to recover $100 million, thought dismissal of developer would put Olympic village schedule at risk Jeff Lee Sun The Olympic village developer 'exceeded expectations' in its transformation of the southeast False …

Olympic village still on track to break even

2009-01-16

Peter Ladner Sun The Olympic Athletes’ Village under construction on False Creek: A development jewel with a rigid deadline and an unknown bottom line. -- STEVE BOSCH/ VANCOUVER SUN Mayor Gregor Robertson and his council have to focus…

Onni - local builder liquidating 375 units in lower mainland at up to 40% off - Is holding a one day sale on March 7, 2009

2009-01-16

STUART HUNTER Province Pssst — wanna buy a condo, cheap? The Onni Group is teaming up with MAC Marketing Solutions to offer 375 finished condominium units for sale at discounts of up to 40 per cent — but for one day only. The $1…

No pizza or duck unturned

2009-01-15

TASTE TEST: Culinary hybrid just OK but it stills looks bound for success Province From classic bistro to trattoria, take your pick at Mon Bella Bistoria, where chef Brian Fowke and owner Brad Roark team up to offer French and Italian dishe…

So.Cial thrives on trendy locale, eclectic clientele

2009-01-15

Gastown restaurant prides itself on an ambience that is welcoming to every taste JOANNE SASVARI Sun So.Cial chef Romy Prasad with lemon-braised lamb shank with Gorganzola and bacon tomato. For a chef, it’s a pretty sweet deal when you…

Mortgage rates drop to a 38-year low

2009-01-15

Julie Haviv USA Today NEW YORK — Interest rates on U.S. 30-year fixed-rate mortgages dropped for the 11th week to a record low, according to a survey released Thursday by home funding company Freddie Mac. Interest rates on 30-year fix…

Office vacancies on the rise

2009-01-14

'There will be a crisis of confidence in the big markets' Province Vancouver's skyline. Photograph by: Jon Murray file photo, The Province OTTAWA -- Commercial real-estate markets in Western Canada and Toronto will remain at the mercy of th…

Canadian Housing Industry Not the same as in the US

2009-01-13

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House sales come tumbling down

2009-01-13

ECONOMIST:

Provincial real estate sales drop by a third in ’ 08

2009-01-13

DERRICK PENNER Sun British Columbia consumers started re-examining their priorities and pulling back on major purchases last March, just as home prices peaked at record highs and gasoline prices rose to more than $ 1.30 a litre . “ I …

City’s Olympic Village pickle just as sour as Montreal’s

2009-01-12

Vancouver could end up paying for the Olympics 30 years later. KENT SPENCER Province The Olympic athletes village on the south side of False Creek in Vancouver, being developed by Millennium Properties, has cost-overruns of $125 million. &#…

Vancouver new home prices continue to fall

2009-01-12

Sun New home prices in Vancouver have continued to decline, Statistics Canada said Monday. Photograph by: Richard Lam, Vancouver Sun Files New home prices fell in November for the second consecutive month-to-month with Vancouver posting a y…

City quietly seeking Olympic Village bailout

2009-01-12

Miro Cernetig Sun The City of Vancouver is quietly approaching the federal and provincial governments for assistance in refinancing the city's Olympic Village. It needs a bailout. And those more senior governments had better come to the tab…

City manager to brief public on Olympic Village finances

2009-01-12

Presentation being streamed live on Internet CATHERINE ROLFSEN Sun OLYMPICS Vancouver city manager Penny Ballem is today scheduled to give a public presentation, streamed live on the Internet, on the state of financing for the troubled Olym…

Strata can’t duck liability for flood

2009-01-11

Tony Gioventu Province Dear Condo Smarts: Our strata corporation is having some emergency excavating done due to a pipe break and flooding of our townhouse. Several owners have been complaining about drainage problems for over two years, an…

A Swiss army knife with the latest high- tech tools

2009-01-10

The new version contains everything needed for boardroom presentations HARRY WALLOP Sun Thin is in -- Makers of flat-panel telvisions have slimmed down. Manufacturers are showing models an inch thick or less that hang on the wall like a pic…

TECH TOYS Automatic data backup’s a breeze

2009-01-10

Sun Wrap920AV, Vuzix Corp. 1. Clickfree Transformer Cable, Storage Appliance Corp., $ 60 The backup experts at Storage Appliance have just released another handy device for ensuring you don’t lose all that important data when your com…