Real Estate Blog

Vancouver property developers are posing a big question right now. If they build shiny new office towers downtown, will tech-sector tenants fill them up? Reliance Properties, on Wednesday, launched its $80-million bid that they will, declaring that the firm will start construction on a 13-storey high-end office property at Burrard and Drake Streets, aiming to be complete by early 2020, the first of five new office projects at some stage of development downtown. And Reliance is breaking ground without the comfort of an anchor tenant to back it up at the start. “We have had the opportunity to kind of pick our time,” Reliance CEO Jon Stovell said. The site was zoned several years ago as part of a bigger, one-million-square-foot Burrard Place development, but…
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Andy Yan is a 42-year-old East Vancouverite who came up out of the proud working class ranks of Van Tech high school, toiling on weekends in the kill tank at the old Hallmark Poultry Factory on Clark Drive. He set out on a career in urban regeneration and applied demographics that took him to projects in New Orleans, New York City and San Francisco. Nowadays he’s the director of the City Program at Simon Fraser University, and while he’s too modest to boast about it, along the way he’s picked up a couple of exceedingly rare civic distinctions.

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Original news retrieved from Maclean's

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Despite home sales falling between December of 2017 and January of this year, the number of homes sold last month was up when comparing year-over-year, according to the B.C. Real Estate Association (BCREA). There were 5,306 homes sold last month, an increase of 18.3 per cent from January of 2017.


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Original news retrieved from Global News
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A record number of Metro Vancouver residents have fled the region for other areas of B.C., according to the most recent population data from Statistics Canada. At the same time, Metro, which is home to more than 2.5 million people, has seen sustained population growth thanks to steady immigration from other countries. StatsCan’s population estimates for sub-provincial areas, released Tuesday, show that Vancouver saw a net 9,926 people leave its census metropolitan area — which encompasses Metro, an area that stretches from Lions Bay to Langley — between July 1, 2015, and June 30, 2016, and settle in other areas of the province. The migration losses were most pronounced among those aged 25-64 years and children under 18. Patrick Charbonneau, a senior…
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One-third of Canadian baby-boomers – and more in Metro Vancouver – plan to give ‘living inheritances’ to their adult children specifically to help them buy real estate, a new survey has found. Sotheby’s International Realty Canada’s latest Generational Trends Report analyzes a Mustel Group survey of more than 2,000 Canadians aged 52 to 71 carried out in October 2017, and says that this group – which makes up more than 30 per cent of the population – is highly influential on the real estate market.

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Original news retrieved from 
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City council has given the green light to a 20-year ambitious plan to transform 58 hectares of land in Northeast False Creek — once home to lumber mills, a ship-building industry and Expo 86 — into the equivalent of a town the size of Prince Rupert. The plan, which council approved Tuesday after more than four hours of debate, requires the demolition of the Georgia and Dunsmuir viaducts and construction of a new road network through what will be a maze of new highrises and other forms of housing for up to 12,000 people.


Northeast False Creek plan


Original news retrieved from Vancouver Courier
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The northeast corner of False Creek has long been something of a no man’s land. Pre-Expo 86 it was largely industrial; post-Expo it’s mostly been parking lots. But not for much longer. After a long and sometimes tortuous special council meeting Tuesday, Vancouver council passed its Northeast False Creek plan. The 20-year plan includes $1.7 billion in benefits for the city, which hopes to recoup most or even all of the cost from development levies and contributions from the federal and provincial governments. Six hundred million dollars will go to affordable housing, and $360 million to “critical infrastructure” such as tearing down the Georgia and Dunsmuir Viaducts and replacing them with a new street network.





Original news retrieved from Vancouver…
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Downsizing is something that a lot of people consider later in life. When you’re younger and have a family at home, buying a large home with a backyard makes sense, but later on, for various reasons, selling your home and downsizing to something smaller might make sense for you. If you’re thinking about it, here are some things to consider to determine if it’s wise for you to downsize.

Why are you really moving?

To figure out what the best downsizing decision is for you, the first step is to really think about why you’re thinking about moving and downsizing in the first place. Is it because you want to travel more? Is it because your current house is too big with too many empty rooms?

Is it because you no longer want to do the upkeep of mowing

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Vivagrand Developments is planning to develop a 22-storey tower on a corner lot at Davie and Nicola, just the latest tower in a wave of development sweeping across the West End. The new tower will contain 107 market condominiums and 51 “social housing” market rental apartments to replace the units lost in the existing four-storey apartment building. 85 per cent of the market condominium units will be two bedrooms or larger. There will be separate entrances for the rental apartments and the market housing, and the building will be surrounded by a large water feature on both the Davie and Nicola frontages.


Apartment buildings on Davie Street

Original news retrieved from Urban YVR
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By January, more than 1,000 bank ATMs in Macau had installed face-recognition cameras to identify customers who might transfer large sums of money outside China. Money changes hands quickly in Macau thanks to the massive casino industry, but the decision was taken in part to Beijing’s drive to stop its citizens from parking money outside the country where they feel it’s safe from legal detection or capital market volatility. China worries that too much loss of that money, a trend called capital flight, will devalue the Chinese yuan and undermine economic stability that hinges partly on a strong foreign exchange reserve.


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Original news retrieved from Forbes
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