Increases in B.C. real estate prices have been so large that the value of 2018's top 100 real estate deals in the province jumped 61.1% to an average …
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WATCH: Travel experts in B.C. say the indefinite grounding of the Boeing 737 MAX 8 planes will lead to increased travel costs for anyone hoping to …
Michael Audain didn’t think it was enough. So he increased the lifetime achievement award for a B.C. artist to $25,000 and then $30,000. Doris and Bill Reid did the Arts of the Raven exhibition (at the Vancouver Art Gallery in 1967), and that really started to change people’s concept of the value of First Nations art, said Audain.
The same at the National Gallery. The National Gallery until very recently ignored the artistic achievements of Indigenous people, right across the country.Audain is encouraged by the high number of students pursuing visual arts degrees at universities around the province. So the Audain Foundation will also be funding five $7,500 travel grants for students in university-level visual arts programs.I believe it is terribly important for a young artist to see art, to be able to travel, he said. I never took a course in art in my life after elementary school, but I’ve always enjoyed the ability to go and use my eyes and look that’s how I developed my appreciation of art.
I think it’s important that young artists have the ability to do that. You can’t discover art just by looking at books and iPads, you’ve got to let the artist communicate with you directly.The Audain Foundation has handed out over $120 million in grants since it was established to support the visual arts in 1997. The Audain Art Museum in Whistler was opened in 2016 and showcases B.C. art from the late 18th century to the present.
The next Audain Prize will be given out Sept. 23, at a location to be determined.
Past Audain Prize recipients include: Ann Kipling, E.J.Hughes, Eric Metcalfe, Gordon Smith, Jeff Wall, Liz Magor, Robert Davidson, Rodney Graham, Marian Penner Bancroft, Takao Tanabe, Gathie Falk, Fred Herzog, Michael Morris, Paul Wong, Carole Itter and Susan Point.First Nations masks are displayed behind glass as a man walks past “The Dance Screen (The Scream Too)” — a red cedar panel by Haida master carver James Hart, at the Audain Art Museum in Whistler, B.C. on Sunday December 2, 2018.Nestled into a crop of towering trees in one of Canada’s most popular skiing locales lies an astonishing collection of British Columbian art.
Value for money and a strong return on investment will continue to drive activity in Greater Victoria’s commercial real estate market, according to a new.
The commercial real estate firm said there is still strong demand for good office space from the provincial government and the private sector, while investors and developers see the region as a relatively good bargain.
Trending StoriesSchools will require kids’ immunization status by fall, B.C.health minister saysWilson-Raybould says she was pushed, got veiled threats on SNC-Lavalin Victoria council mulls mid-block crosswalk on Blanshard StreetMayor, councillors in Sooke vote for 50% pay raise “We still see a tremendous appetite for investment product in Greater Victoria and I think the same can be said for development properties,” said Ross Marshall, vice-president with CBRE Victoria. “Investors and developers see value in Victoria [because] it didn’t get over-inflated like Vancouver.” Marshall said that’s what he’s been hearing from both groups, who, in some cases, have been looking at moving money from other markets into the capital region to add to their property portfolios. He said they see Victoria as a safe and secure market.“And our yields are higher than Vancouver, and everyone is chasing yield, so we are a pretty attractive place,” Marshall said, noting strong demand from tenants has driven up rental rates across property classes. According to Colliers International, downtown Victoria office vacancy was at 6.4 per cent overall in the fourth quarter of 2018, down from 7.2 per cent in the fourth quarter of 2017.
That drop came despite the addition of 280,000 square feet of new office space to the mix. Marshall said there was a flight to quality, with professional firms and government moving to class A space, freeing up class B and C space in the region, with some of that taken up by the growing high-tech sector.Marshall said given the region’s strong fundamentals — low unemployment and a strong, diverse economy — there’s no reason to expect developers and investors to back away from the region anytime soon. Marshall said he has fielded inquiries from the Lower Mainland, across Canada and the U.S. expressing interest in some of the larger properties available in the region.“They have a lot of confidence in the fundamentals evident in Greater Victoria,” said Marshall, who sees demand outstripping supply for the next couple of years. “The reality is a lot of these groups are looking for vehicles to invest in and the West Coast and, in particular, Vancouver Island, [is] shining.
” One of his biggest challenges has been to find large enough properties to suit some of the larger investor groups. But even in rosy conditions, the cost of construction, increased development fees, approval delays and other factors could affect the appetite for development in the downtown core.
Marshall said in some cases, it has spurred developers to explore other municipalities that might be more keen on development. The report also noted that Victoria’s industrial market is experiencing historically low availability, while land constraints have led to upward pressure and record-high lease rates.
The game of supply and demand is alive and well in B.C.'s real estate market. While Vancouverites search for housing, don't expect 2019 to provide …