September 2015 BC Economic Fundamentals

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#21
"Developers, leave the scissors at home – the City of Abbotsford has the least red tape in Metro Vancouver. According to the Fraser Institute's first survey of Metro Vancouver building regulations, the city is the least regulated municipality when it comes to getting a project built."

The institute is an independent, non-partisan Canadian policy think-tank.

The survey took into account construction approval times, timeline uncertainty, regulatory costs and fees, and rezoning prevalence.

Read the full article here.
 
Likes: Brandon Moase

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#22
Investing in NE BC? Be informed. Work set to begin on massive Site C work camp

To further enhance remote working conditions, services such as physiotherapy, massage and hairdressing will also be available at the lodge. Featuring single-occupancy bedrooms with ensuite bathrooms, television and Wi-Fi services, the custom-designed three-storey dormitories will reduce the lodge's environmental footprint. To service the site, ATCO will also build and maintain a wastewater treatment plant.

ATCO has been providing modular solutions to some of British Columbia's most important infrastructure projects for more than 40 years including a 600-person construction camp for the Kitimat LNG project and a 1,200-person facility for workers on the Rio Tinto Alcan smelter modernization project.

Read the full article here.
 
Likes: Brandon Moase

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#23
In Kamloops, renting has become a way of life

At least one-quarter of Kamloopsians live in rental accommodation — and that data is at least five years old, said Tony Roy, chief executive officer of the B.C. Non-Profit Housing Association (BCNPHA).

The organization was in Kamloops this past week to talk about something close to Roy’s heart, as his family once lived in social housing.

Read the full article here.
 
Likes: Brandon Moase

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#24
How turbulence in China's stock market could boost Canadian luxury homes

Sotheby’s International Realty Canada says turbulence on the Chinese stock market could send buyers from mainland China flocking to Canadian luxury real estate this fall.

The realtor predicts that sales of homes worth over $1 million will rise in Toronto and Vancouver, while Montreal’s luxury market should be balanced and Calgary’s will slow due to the effects of declining crude prices.

Read the full article here.
 
Likes: Brandon Moase

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#25
Vancouver’s housing boom spreads to the suburbs

Large swaths of Metro Vancouver have single-family detached houses assessed at $1-million or higher as the real estate boom in the city spreads to the suburbs.

For the sprawling region as a whole, 28 per cent of detached properties had assessed values of at least $1-million on July 1, 2014, up from 23 per cent on July 1, 2013, researcher Andrew Yan says.

Read the full article here.
 
Likes: Brandon Moase

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#26
Don Cayo: If cities and the province backed off their huge levies, housing costs would ease. HOWEVER they would need the revenue from somewhere, so that would mean either layoffs or INCREASED property taxes for all

Governments could, as noted in a Vancity analysis reported on the front page of Thursday’s paper, do much more to help young Vancouverites trapped in small condos because they can’t afford family-sized homes.

But powers that be could also ease the Metro region’s sky-high housing costs by doing less of the thing governments do best — that is, piling on the taxes, fees and levies.

Read the full article here.
 
Likes: Brandon Moase

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#28
Are you ready for a Sunshine Coast property demand boom?

The Government of B.C. will study the costs and benefits of a possible highway link between the Sunshine Coast and Metro Vancouver, Transportation and Infrastructure Minister Todd Stone announced today.

Read the full article here.
 
Likes: Brandon Moase

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#29
City council approves 178-unit rental housing project in Vancouver West End

A major rental housing development in downtown Vancouver’s West End neighbourhood received the green light from Vancouver City Council last week.

The 190-foot-tall, 21-storey tower plan for 1754-1772 Pendrell Street, near Denman Street, consists of 178 units including 43 studio units, 51 one-bedroom units, 72 two-bedroom units and three three-bedroom units. An emphasis has been made to design units that are suitable for larger families.

Read the full article here.
 
Likes: Brandon Moase

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#31
Strong demand for Greater Vancouver rental properties

KELOWNA, BC, Sept. 24, 2015 /CNW/ - In much of Western Canada, the fall in oil prices led to slower activity in the commercial property markets in the first half of 2015. In Greater Vancouver, however, the first half of the year saw a 14 per cent increase in total sales over the same period in 2014. The second quarter of the year, in which there were 591 sales, was the busiest quarter for commercial sales in the past five years.

"While commercial real estate activity in most of Western Canada has been dampened by the drop in oil prices, investor confidence has remained high in Greater Vancouver," said Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. "Land is in highest demand from local companies looking at long term opportunities."

Read the full article here.
 
Likes: Brandon Moase