Tri-City News March 18 2016

Page 1

WE’VE GOT YOU C OVERED!

BEAR NECESSITIES

Johnston Insurance Meier Agencies G roup

The city of Coquitlam prefers to use outreach and education to get residents to keep garbage and other bear attractants secure — and bears safe — but it’s not above handing out fines, as a recent report shows.

Five Convenient Tr i-Ci

ties Locations to Se

1940 Oxford Connecto r, 604-927-33Suite #103 88 1020 Austin Ave., Su ite 604-939-77 #203 33 1944 Como Lake Av e. 604-937-36 01

rve You

2748 Lougheed Hw y, Su 604-944-95ite #305 77 Burke Mountain 202-3387 David Av 604-942-72e. 14

Please see article on page 11

ONLINE 24/7: TRICITYNEWS.COM

TC THINGS-TO-DO GUIDE: 22

Tree tour, free swimming & the blues REAL ESTATE

Commercial real estate nos. up, too $50 million more in transactions in 2015 than 2014 GARY MCKENNA

The Tri-CiTy News

While the residential real estate market receives all the buzz, prices of commercial and industrial properties in the Tri-Cities have been quietly on the rise. Despite the fact the number of transactions in the office/retail and industrial categories stayed relatively stable year over year, the value of those sales jumped dramatically, matching a trend seen across the Lower Mainland. In the Tri-Cities, 139 com-

mercial real estate transactions were completed in 2015 for a total value of $407 million, up from 135 transactions in 2014 valued at $356 million — an average 14.3% price increase. Port Moody saw the largest percentage gain in sales value, jumping from a total of $26 million in 2014 to $54.5 million in ’15 (109%), while PoCo saw a 46% increase from $76 million to $111 million. Some of the biggest price gains were seen in the office and retail category, with 29 transactions occurring in the Tri-Cities in ’15 for a total of $92.7 million, up from 27 transactions in 2014 for a total value of $45.4 million.

TC

INSIDE: Break-in turned into much more for one family [pg. 3] / Sports [pg. 34]

FRIDAY, MARCH 18, 2016 Your community. Your stories.

TRI-CITY

NEWS

EVERGREEN ON TRACK

ELAINE FLEURY

see COQUITLAM, page 10

The opening of the Evergreen Line between Lougheed Town Centre in Burnaby and Coquitlam Town Centre is almost a year away but testing of rail cars has been taking place in recent weeks in the latter area, where road works continue as part of the project.

CONTACT THE TRI-CITY NEWS: newsroom@tricitynews.com / sales@tricitynews.com / delivery@tricitynews.com / 604-472-3040

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Tri-City News March 18 2016 by Tri-City News - Issuu