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Barbara Yaffe: Vancouver’s real estate forecast to stay hot into next year, study finds
Foreign money and a robust provincial economy will preclude any cooling of Vancouver’s red-hot property market next year, according to a major real estate study being released Wednesday. Office space is the one real-estate category where an oversupply is forecast in the city, to be accompanied by potential downward pressure on pricing.
Wood-frame construction may have helped save lives in China quake
An earthquake that rumbled through China’s Yunnan province on Oct. 7 sent a seismic ripple felt around the Pacific — in B.C., New Zealand and any other trading partner that sells lumber to China. Authorities braced themselves for heavy casualties under their highest-level alert after the quake struck Yunnan’s Jinggu County with a magnitude of 6.6 on the Richter scale. But there were relatively few, which at least one expert attributed to the prevalence of wood-frame construction in the region.
Fort St. John anticipates Site C real estate bump
Fort St. John’s sizzling real estate market will gain even more heat if the province approves BC Hydro’s proposed $7.9-billion Site C dam project in northeast B.C. That was the consensus Tuesday among city real estate participants as the provincial cabinet works toward a final decision on the hydroelectric development that would be built about seven kilometres from Fort St. John.
Former Vancouver Canuck touts sports team app on Dragon’s Den
CBC’s Dragon’s Den will tonight feature former Canuck Bret Hedican pitching a Vancouver company he has partnered with in producing an app that helps sports teams and other groups organize their rosters, schedules and events. The odds going into the high-stakes funding game are favourable for Hedican and RosterBot, a company he co-founded with tech entrepreneur and amateur goalie Ian Andrew Bell, better known between the pipes as “Bellsy”.
Prius popular in White Rock, pickup trucks tops in the Valley
White Rock residents are more likely to own a Prius than those living in any other Lower Mainland city, according to data from ICBC. The data also reveals that BMWs are most heavily concentrated in West Vancouver and that the Fraser Valley is pickup truck country. At The Vancouver Sun’s request, ICBC provided a detailed breakdown of the types of vehicles that are most popular in every B.C. municipality.