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5 days ago | 
castanet.net | Nicholas Johansen |David Boles |Jeremy Hainsworth |Jami Makan
The British Columbia regional district where a wildfire continues to burn out of control has extended its emergency support services to residents evacuated from the blaze.
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5 days ago | 
castanet.net | Nicholas Johansen |David Boles |Jeremy Hainsworth |Jami Makan
The Canadian Press - | Story: 553720British Columbia is marking the start of this year's Filipino Heritage Month with a sombre tribute to the victims of April's deadly attack at Vancouver's Lapu Lapu Day Festival. Premier David Eby issued a statement saying this year's celebration of Filipino Heritage Month in June is happening "alongside deep sorrow, under the backdrop of the tragic attack" that killed 11 people and shook the community to its core.
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1 week ago | 
castanet.net | Nicholas Johansen |Rob Gibson |Kathy Michaels |Jami Makan
Although the U.S. and China recently put a three-month pause on steep reciprocal tariffs, Vancouver’s industrial real estate market is feeling the heat as many goods are temporarily diverted to the region. On May 12, U.S. President Donald Trump and Chinese officials announced reduced tariffs for 90 days, signalling a potential resolution to their trade conflict.
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1 week ago | 
castanet.net | Nicholas Johansen |Kathy Michaels |Jami Makan |Alanna Kelly
Provincial Housing Minister Ravi Kahlon says his government has no plans to change its short-term rental (STR) legislation after the BC Real Estate Association called for it to be tweaked for economic and tourism reasons. As the province ramps up STR enforcement, Kahlon said STRs and hotels remain available across the province, even as some stakeholders say tourist accommodation could burst at the seams this summer as many British Columbians avoid U.S. travel and vacation locally.
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1 week ago | 
biv.com | Stefan Labbe |Kirk LaPointe |Jami Makan
Red tape and high living costs are driving Vancouver’s tech workforce to look elsewhere, according to industry execs speaking at the global Web Summit that has drawn thousands to the city’s downtown this past week. “Having [built] companies in this city for 25 years, I can say we’ve always struggled with [having] enough talent,” Tanis Jorge said at a Web Summit press conference on Wednesday.
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1 week ago | 
timescolonist.com | Jami Makan
A recent real estate development trust (REDT) offering succeeded in raising millions for a Burnaby mixed-use project, and with another REDT on the horizon for a big Surrey project, the benefits and risks of this financing platform are coming into focus. A REDT issued by Vancouver-based Anthem Properties Group Ltd.
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1 week ago | 
castanet.net | Josh Dawson |Rob Gibson |Jami Makan |Wolfgang Depner
The son of a B.C. developer is being sued by a construction company that did millwork for financially troubled Thind Properties Ltd. that allegedly went unpaid and was backed by the son’s personal guarantee. In a notice of civil claim dated May 22, Mercroft Construction Ltd. is seeking $111,771 plus interest of $10,493 from Paul Thind, who allegedly provided a personal guarantee for money owed to Mercroft in regard to Thind Properties’ embattled Highline project in Burnaby’s Metrotown.
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1 week ago | 
biv.com | Jami Makan
The son of a B.C. developer is being sued by a construction company that did millwork for financially troubled Thind Properties Ltd. that allegedly went unpaid and was backed by the son’s personal guarantee. In a notice of civil claim dated May 22, Mercroft Construction Ltd. is seeking $111,771 plus interest of $10,493 from Paul Thind, who allegedly provided a personal guarantee for money owed to Mercroft in regard to Thind Properties’ embattled Highline project in Burnaby’s Metrotown.
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1 week ago | 
timescolonist.com | Jami Makan
Canada’s housing market may be losing steam this spring, but luxury homes and scenic cabins appear to be weathering the slowdown—just not for the same reasons. The luxury segment of Canada’s housing market seems to be “holding up” compared with less expensive tiers, said Andrew Dinsmore, CFO with brokerage Engel & Völkers Americas Inc.
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2 weeks ago | 
biv.com | Jami Makan
Some developers are stuck holding sites that no longer make economic sense to redevelop in current market conditions, claims one Vancouver broker. The market for development sites is being tested by a roughly 50-per-cent drop in value since 2022, according to Mark Goodman. The principal of Goodman Commercial Inc. said Broadway Plan sites, for example, were selling for about $200 per square foot buildable three years ago. Sellers can now expect closer to $100 per square foot buildable, he told BIV.
