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  1. Commercial real estate remains highly abnormal and uncertain | BCREA

    Quarterly index reveals dip in commercial real estate sector late in 2022 as it continued a six-month downward trajectory
    By Western Investor Staff
    01-03-2023

  2. 76 acres conservation site sells for $1M located at Saturna Island, B.C.

    Conservation group, federal government, acquire waterfront bluff to protect rare fauna and wildlife.
    By Western Investor Staff
    27-02-2023

  3. Redevelopment site sells for $9.5 Million located at 41 W Pender Street, Vancouver

    Lot on West Pender Street has current commercial income potential and is approved for a mixed-use of retail, office and 16 units of residential rentals

     
    By Western Investor Staff
    27-02-2023

  4. Application received for multi-tower redevelopment of North Delta mall

    The City of Delta has received an application to develop a four-building, 800-plus-home project on the current site of a shopping centre on Scott Road.

    A rezoning and development application for the 2.4-hectare Delta Shoppers Mall (8037 to 8087 120th St.), located between the Real Canadian Superstore and Delta Rise, was received by council on Feb. 13. The proposed project includes a total of 877 residential units, 11,691 square metres of office space and 7,502 square metres of commercial space.

    A total of 643 market condo units, as well as office space and at-grade retail, is planned in two 32-storey towers atop five- and nine-storey podiums.
    By James Smith
    23-02-2023

  5. Greater Vancouver home sales up 162% compared to the same period in January 2023

    After posting dismal numbers in January, early February data suggests sales are gaining strength and active listings are increasing
    Source: Western Investor
    21-02-2023

  6. Higher building costs and supply-chain issues continue to hamper investment and limit rental supply growth | CMHC

    Most market segments saw rents increase as demand outstripped new supply
    By Peter Mitham
    26-01-2023

  7. Metro Vancouver area drove rental demand in 2022 | CMHC

    The rate for purpose-built rentals in the region fell below one per cent last year, while the average asking rent for vacant units is 43 per cent higher than occupied ones
    Source: Western Investor
    26-01-2023

  8. GTA new home sales started strongly in 2022 before easing in the second half of the year with annual sales sitting at a four-year low | Edward Jegg

    New report highlights market's struggles
    By Ephraim Vecina
    25-01-2023

  9. Ministry of Housing making mandatory for developers and strata corporations to make minimum contingency reserve fund payments of 10% as of Nov. 2023

     The B.C. government is ushering in changes it says will help protect owners in strata developments at risk of higher insurance costs due to neglected maintenance needs.
    Source: CBC Radio
    24-01-2023

  10. B.C. had record spending on exploration in 2022

    Mineral production in B.C. totalled $18 billion last year, also a new record
    By Nelson Bennett
    24-01-2023

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