Western Investor

1 week ago | westerninvestor.com | Mark Goodman

DEAL | An eight-unit multi-family property at 1794 Frances St., Vancouver, sold June 13 for nearly $2.7 million. The sale price was less than the list price of $2.8 million, and averaged $331,250 per unit. Built in 1910 on a 5,372-square-foot lot, six of the two-storey building’s eight suites were recently renovated. Zoned RM-4, the Grandview Woodland Community Plan permits a six-storey multi-family building with a density of up to 2.4 FSR.

1 week ago | westerninvestor.com | Andrew Duffy

There are no burgers or fries on the menu, but a new drive-thru in Saanich will fill a hunger to get residents’ property taxes paid. Citing concerns over lack of parking at its municipal hall on Vernon Avenue, the District of Saanich decided to open a drive-thru property-tax payment station. The station, which will be open for business starting Monday, will only accept cheques to cover property taxes.

2 weeks ago | westerninvestor.com | Elana Shepert

Metro Vancouver rent prices dropped for the third consecutive month in June. The price for a newly-listed unfurnished, one-bedroom rental unit decreased by $52 from $2,275 to $2,223 this month, according to the June 2025 report from liv.rent.  June rent is also down $114 year-over-year, according to the report data. Unfurnished and furnished one-bedroom unit prices dropped by over two per cent, with furnished units averaging $2,333 for the region (-2.32 per cent).

2 weeks ago | westerninvestor.com | Andrew Duffy

Six resolutions from the District of Saanich will be debated at the annual conference of the Union of B.C. Municipalities in Victoria this fall, including one calling for B.C. to adopt European standards that allow for less-costly smaller elevators in mid-rise buildings. Another would enshrine housing as a human right in B.C. while a third would establish an opt-in lobbyist registry for municipalities.

2 weeks ago | westerninvestor.com | Peter Mitham

A well-known developer and hotel operator is the buyer of Westfield Business Centre in Surrey. A deal for the long-vacant business centre at 14178 104 Avenue, Surrey, closed May 20 following court approval earlier this year. A numbered company, 1262066 BC Ltd., acquired the 274,285-square-foot structure and a 3.7-acre parcel at 14019 104 Avenue, for $56.5 million. Registration documents identify the sole director of the numbered company as Sukhminder (Sukhi) Rai, head of RBI Group of Companies.