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  1. B.C. real estate investment total $3.9B in 2022, despite a sharp drop in the second half of the year as rising interest rates put the brakes on deal-making

    Rising interest rates dampened activity, but investors are returning as 2023 hits its stride
    By Peter Mitham
    24-03-2023

  2. GTA new home sales decline by 76% in February

    New report shows substantial declines in sales numbers last month
    By Ephraim Vecina
    24-03-2023

  3. Vacancy rates nevertheless fell to a two-decade low as high levels of in-migration and the loss of housing affordability sparked a record surge in both demand and rents | RBC

    Canada's rental housing shortage will likely quadruple in three years, new report says
    Source: other
    23-03-2023

  4. Fed increase 0.25% interest rate despite widespread concern surrounding the impact of ever-higher borrowing rates

    Sustained financial volatility will continue to influence policy on both sides of the border
    By Ephraim Vecina
    23-03-2023

  5. Vancouver Council will consider a new policy to address the “pace of change” in the Broadway area

    Vancouver staff recommendation to allow only five new development proposals per year flies in the face of earlier plans – and the city’s desperate need for more rental units
    By Mark Goodman and Cynthia Jagger
    23-03-2023

  6. Cedar LNG project will be the first LNG plant to be built and owned by a First Nation

    Floating liquefied national gas export terminal at Kitimat will be the first LNG plant to be built and owned by a First Nation
    Source: Western Investor
    16-03-2023

  7. An eight-lot land assembly in Coquitlam sells for $24.51 Million

    The eight-lot ‘Oakdale assembly’ site, destined for a high-rise residential or mixed-use development close to the Burquitlam SkyTrain station, was sold under a bid process
    By Western Investor Staff
    15-03-2023

  8. 0.80 acres multi-family rental building sells for $28M located at 6540 Telford Street, Burnaby, B.C.

    The Telford Avenue 35,022-square-foot lot has development potential of 6.15 FSR close to the Metrotown SkyTrain station.
    By Western Investor Staff
    15-03-2023

  9. 31 units of multi family rental sells for $7M located at 671 Martin Street, Penticton, B.C.

    Selling price was $100,000 above list, with assumable Canada Mortgage and Housing Corp.-insured financing at 1.73 per cent.
    By Western Investor Staff
    15-03-2023

  10. The provincial government will give TransLink almost half a billion dollars to prevent service cuts, keep fares stable and fund the purchase of electric buses

    Mobility pricing next, say B.C. Liberals
    By David Carrigg
    15-03-2023

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