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Real Estate

B.C. home sales cut in half as high borrowing costs depress sales activity

B.C. home sales cut in half as high borrowing costs depress sales activity

Home sales in Greater Vancouver are close to the lowest they can get, says BCREA economist
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Rob Shaw: B.C. renters now entitled to highest rate of interest on deposits in two decades

Rob Shaw: B.C. renters now entitled to highest rate of interest on deposits in two decades

Landlords are required to pay 1.95 per cent interest on deposits in 2023, under a formula that sets the rate of prime minus 4.5 per cent.
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Rethinking use of downtown office space leading to more subleases, vacancies

Rethinking use of downtown office space leading to more subleases, vacancies

The office market is in a period of adjustment as companies understand with more certainty the needs of their employees.
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Displaced Merritt, B.C., residents to move into transitional housing

Displaced Merritt, B.C., residents to move into transitional housing

MERRITT, BRITISH COLUMBIA — Nearly 15 months after catastrophic floods forced the evacuation of the southern interior city of Merritt, B.C., some residents whose homes were destroyed will soon move into new transitional housing.
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Deloitte bringing workers back with new B.C. HQ

Deloitte bringing workers back with new B.C. HQ

The new downtown Vancouver space accounts for the changing nature of in-person work
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Major Vancouver condo developer seeks creditor protection

Major Vancouver condo developer seeks creditor protection

Coromandel has $700 million of debt stemming from the purchase of 16 groups of properties between 2016 and 2021.
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Canada's housing market to see listings fall in first quarter, before rebounding: TD

Canada's housing market to see listings fall in first quarter, before rebounding: TD

TORONTO — A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024.
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Transit to shape Metro Vancouver office development in 2023

Transit to shape Metro Vancouver office development in 2023

With implications for ESG, affordable housing and in-person work, accessible transportation and transit-oriented development is top of mind for B.C. industry leaders
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B.C. residential real estate investors unfairly ‘painted as speculators’: BCREA

B.C. residential real estate investors unfairly ‘painted as speculators’: BCREA

Most B.C. homeowners-investors also landlords, according to B.C. Real Estate Association economist
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Opinion: Remembering Larry Fisher – a titan of B.C.’s construction industry

Opinion: Remembering Larry Fisher – a titan of B.C.’s construction industry

The construction industry, Surrey and B.C.’s free-enterprise movement lost a legendary figure this weekend, when Lark Group founder Larry Fisher passed away after a long, furious fight with cancer.
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