Real Estate News & Articles

Sales of apartment buildings soar in '05

2006-02-03

Overall value of buildings sold jumps 95 per cent Derrick Penner Sun Greater Vancouver apartment buildings were hot properties in 2005, with 162 apartment blocks trading hands, a jump of 21 per cent from 2004, and 21-per-cent spike in the p…

Fraser Valley real estate sales reverse trend

2006-02-03

Beating January 2005's Multiple Listings Service numbers 'a great start' Derrick Penner Sun Fraser Valley realtors recorded their third-best January sales month, racking up 1,165 Multiple Listing Service recorded transactions, 38-per-cent h…

Mortgage rates climb this week

2006-02-03

Jeannine Aversa, Associated Press USA Today WASHINGTON — Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. Mortgage company Freddie Mac, in its we…

Restaurants Update For February 2, 2006

2006-02-02

Sun A list of restaurants recommended and anonymously visited by Sun restaurant critic Mia Stainsby. Prices are per couple for three courses, with a glass of wine each, before tip and taxes. $ means $50 or less $$ means $50 to $100 $$$ mean…

Anti-gridlock program may take a toll

2006-02-01

Sweeping plan includes twinning of the Port Mann Bridge and Highway 1 from Langley to Vancouver -- and probably a $2.50-per-vehicle fee Frank Luba, with a file from John Bermingham Province The B.C. government is considering a toll of about…

Housing starts to decline as interest rises

2006-02-01

B.C., Alberta to remain strongest national performers Ashley Ford Province The bloom will fade slightly from B.C.'s vibrant home-construction market over the next two years, but the sector will continue to thrive by historical standards. Ca…

Gateway the 'key to B.C. prosperity'

2006-02-01

But critics want government to release studies of project it claims will relieve traffic congestion William Boei and Scott Simpson, With Files From Jonathan Fowlie Sun ABOVE: An artist’s rendering of what the Port Mann bridge will loo…

Most pricey properties here and in Toronto

2006-02-01

B.C.'s booming economy and low interest rates combine to keep prices escalating Fiona Anderson Sun Don Lawby, president and CEO of Century 21 in a $1 million condo in dowtown Vancouver. Photograph by : Steve Bosch, Vancouver Sun A booming e…

CMHC sees lower house sales in 2006

2006-02-01

But agency predicts average Greater Vancouver price will rise nine per cent Derrick Penner Sun Canada Mortgage and Housing Corp. is forecasting that average 2006 home prices will climb nine per cent to $463,000 in Greater Vancouver and 7.6 …

Clock running - costs soaring for 2010 Winter Olympics

2006-02-01

Four years to gold Other Download Document

When a seller gets cold feet

2006-02-01

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Whistler retail slumps and property assessments flatline

2006-02-01

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When a seller gets cold feet

2006-02-01

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Saudi prince, U.S. firm buy Fairmont

2006-01-31

Province TORONTO -- Another Canadian corporate monument is toppling into foreign ownership with a deal for a Saudi prince and an American property magnate to take over Fairmont Hotels & Resorts Inc. Fairmont , which originated in the hi…

Infrastructure work to end gridlock would include twinning the Port Mann Bridge

2006-01-31

$3-billion plan Miro Cernetig Sun VICTORIA -- A $3-billion plan aimed at staving off gridlock in the Lower Mainland will be revealed today, with plans for more and bigger bridges, wider and longer highways and more green-friendly bicycle la…

Fairmont Hotels agrees to takeover

2006-01-31

Saudi prince and U.S. property magnate make $3.9 billion US offer for the hotel chain Bruce Constantineau Sun The Fairmont Hotel Vancouver is one of the hotels included in a friendly takeover bid. The Fairmont Empress Hotel is an iconic fea…

Building costs 'to surge more'

2006-01-31

Construction expenses will have doubled in the 10 years before the 2010 Olympics, group predicts Derrick Penner Sun A major British Columbia construction-sector association is warning that the cost to build in B.C. will climb 55 per cent by…

BASF plans to set up shop in B.C.

2006-01-31

The multinational is lured by corporate tax breaks from the province Gillian Shaw Sun British Columbia's International Finance Centre scored a coup Monday with the announcement by BASF Corp., the North American affiliate of the multi-billio…

Outlook BC 2006

2006-01-31

British Columbia is in the midst of an economic boom. Derrick Penner Sun Work is underway on the Laguna project, a 22-storey residential development at Coal Harbour on the edge of Stanley Park. The continuing construction boom has boosted t…

Internet services likely to cost you more

2006-01-30

Province OTTAWA -- The free ride may be over for consumers who download movies and music files and play video games, as Internet service providers consider a move toward a "two-tier Internet.'' Companies that carry the data are talking abou…

Downloaders may pay more

2006-01-30

Companies consider extra charges for high-traffic Internet users Charles Mandel Sun The free ride may be over for consumers who download movies and music files and play video games, as Internet service providers consider a move toward a "tw…

Vancouver housing 'severely unaffordable'

2006-01-30

Survey ranks city's affordability worst in Canada and 15th-worst worldwide Fiona Anderson Sun A recent housing survey set Vancouver's affordability index at 6.6, measured by comparing house prices to income. Anything above 5.1 is 'severely …

Office space squeeze to continue

2006-01-30

Extremely low vacancy rate will spur 'highest net rental rates in history' Derrick Penner Sun Demand for commercial real estate will continue to outstrip supply, Colliers International reports. An already squeezed downtown Vancouver office …

Vancouver is 'severely unaffordable,' says study

2006-01-29

Future of economy threatened by expensive real estate David Carrigg Province Vancouver has one of the most unaffordable housing markets in the world, according to a new international report. Wendell Cox, co-author of the Demographia Interna…