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  1. Stanley v. Grech, the Court of Appeal for British Columbia upheld the dismissal of an action for professional negligence against the plaintiff’s real estate agent

    he property in issue was one of two lots on a residential “strata” property in the Southlands area of Vancouver, in a neighbourhood containing large properties which had luxury homes as well as equestrian facilities.

    It turned out, however, that both the plaintiff and the agent operated under misapprehensions as to the nature of the strata lot. The plaintiff believed that he had exclusive use of both the portion of the lot with the dwelling and the related limited common property and that the entire property could be redeveloped without the consent of the owner of the second strata lot. However, it could not be redeveloped without the consent of the owner of the other strata lot.
    By James R. G. Cook
    13-09-2023

  2. Vancouver City Council to consider allowing up to eight homes on each single-family lot

    Single-family residential neighbourhoods cover much of Vancouver’s land area, and such lots in these areas could see more homes on the same plot of land — going beyond the current limitations.

    Vancouver City Council is set to consider City of Vancouver staff’s recommendations on Thursday to approve the multiplex framework of “Adding Missing Middle Housing and Simplifying Regulations.” This follows public consultation conducted earlier this year.

    By Kenneth Chan
    12-09-2023

  3. Atmosphere Development's Richmond Project Under Review

    A large development in Richmond’s city centre - that is under creditor protection - could have a new building permit application into the city within the next couple months.

    The decision is expected to attract protests from pre-sale buyers at the project, who complained they have been left in limbo.

    The city confirmed they are expecting a building permit application for the 800-plus-unit Atmosphere project that has been idle for more than two years.

    After funding for the project was cancelled early in the pandemic, construction at Atmosphere, on No. 3 Road and Alderbridge Way, ground to a halt and the building permits expired.
    By Marie Rantanen
    11-09-2023

  4. $30K fine for B.C. real estate agent who failed to warn clients about special levy before condo purchase

      A second B.C. real estate agent has been ordered to pay more than $30,000 for failing to notify his clients about an impending special levy before they purchased a condo in White Rock.

    Jitendra Angelo Dehideniya has six months to pay the $30,000 discipline penalty plus $1,500 in enforcement expenses under a consent order he agreed to with the B.C. Financial Services Authority.

    By Ian Holiday
    09-09-2023

  5. Big Six recorded $3.54 billion in loan loss provisions in most recent quarter and analysts expect that figure to climb

    While the Big Six recorded a total of $3.54 billion in provisions for credit losses (PCLs) for the three-month period ended July 31 — more than double the $1.54 billion registered in the same quarter in 2022 — analysts expect the figure to continue to climb as the weight of higher borrowing costs settles in.

    “We’re gonna see higher PCLs on impaired loans only because we’re just at the starting line of pressure on companies and households. Right now, we wait and see how the economy unfolds,” Barclays PLC senior analyst John Aiken said.

     

    By Denise Paglinawan
    08-09-2023

  6. Manufacturing offsite for ‘public land parcels with underutilized land’ seen as solution to B.C.’s high construction costs and housing prices

    Prefabricated apartments and public land are being pitched as paths to solving British Columbia’s housing affordability crisis, according to some city planners and Alex Boston, executive director of the Renewable Cities think-tank at Simon Fraser University.

    "This is a huge opportunity to deal an ace card for British Columbia,” Boston told Metro Vancouver directors Thursday ahead of a report calling for the formation of an off-site rental home construction industry.
    By Graeme Wood
    08-09-2023

  7. North Delta residents will get their first in-person look at an 800-plus-home highrise development pitched for a Scott Road shopping centre during four public information sessions later this month.

    The proposed development includes 4 buildings ranging from 6 to 32 storeys in height with a total of 876 residential units, 10,572 m2 (113,796 ft2) of office space, 7,178 m2 (77,263 ft2) of commercial space and 310 m2 (3,340 ft2) of childcare space. The following are key aspects of the proposal:
    By Let's Talk
    04-09-2023

  8. Two projects in Colwood cover 374 acres and will host 5,000+ new homes

    The huge Colwood build is an anomaly as total new home registrations in B.C. through the first half of 2023 fell 23 per cent compared to the first six months of 2022. And, despite the highest home prices in Canada, housing starts could fall even further as developers pull back from buying land.

    B.C. residential land sales through the first half of 2023, dominated by Metro Vancouver which accounts for 58 per cent of provincial home starts, were down 80 per cent from a year earlier, according to Avison Young, to $569 million, the lowest level in at least five years.
    By Frank O'Brien
    31-08-2023

  9. Bribery in a commercial setting is a "hidden standard"

    Builders must pay to play.

    Before a project is approved, the city is demanding through a private "negotiation", a payment of millions of dollars they saw will go towards "amenities" like daycares, or community centres, even though billions paid often disappear into the black hole of government.
    By Paul Sullivan
    31-08-2023

  10. Community housing fund now open to municipalities, non-profits, First Nations to access money

    A new pot of money announced Monday for affordable home construction in B.C. will not be directly funnelled to the 10 municipalities put on a “housing target” list earlier this year by Housing Minister Ravi Kahlon to build more homes.
    By Mike Howell
    29-08-2023

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