Parkbridge Lifestyle Communities Inc. Receives Court Approval for British
Columbia Investment Management Corporation's Acquisition

CALGARY, Nov. 26 /CNW/ - Parkbridge Lifestyle Communities Inc. ("Parkbridge") (TSX - PRK) announced today that the Court of Queen's Bench of Alberta has approved the previously announced arrangement under the Business Corporations Act (Alberta) pursuant to which 1561609 Alberta Ltd., a corporation owned of British Columbia Investment Management Corporation and its clients, will acquire all of the outstanding common shares of Parkbridge. Provided all of the other conditions to the completion of the arrangement are satisfied or waived, closing of the arrangement is expected to take place on January 7, 2011.

About Parkbridge
Parkbridge is one of Canada's leading owners, operators and developers of land lease residential communities and seasonal recreational resorts. The portfolio is concentrated in the provinces of Ontario, Alberta, Quebec and British Columbia. Parkbridge is listed on the Toronto Stock Exchange under the symbol "PRK" and its head office is in Calgary, Alberta. Additional information relating to Parkbridge may be found on SEDAR at www.sedar.com.

About bcIMC
bcIMC is an investment management corporation based in Victoria, British Columbia, that manages a global investment portfolio valued at over $80 billion as at September 30, 2010.  Supported by industry-leading expertise, bcIMC invests in all major asset classes, including infrastructure and other strategic types of assets. bcIMC's clients include public sector pension plans, public trusts and insurance funds. For more information, visit www.bcimc.com.

Certain statements included or incorporated by reference in this news release constitute forward-looking statements or forward-looking information under applicable securities legislation. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "forecast", "plan", "intend", "estimate", "propose", or similar words suggesting future outcomes or statements regarding an outlook. Although Parkbridge believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Parkbridge can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Parkbridge and described in the forward-looking statements or information. The forward-looking statements or information contained in this news release are made as of the date hereof and Parkbridge undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

For further information:

Mr. Joe Killi
Executive Chairman
Telephone: [phone]
Email: [email protected]

Mr. Iain Stewart
President, Western Operations and Co-CEO
Telephone: [phone]
Email: [email protected]

Mr. David Rozycki
President, Eastern Operations and Co-CEO
Telephone: [phone]
Email: [email protected]