23 Apr

New renderings of Vancouver tower proposal designed by Burj Khalifa architect

Latest News

Posted by: Shahin Golestani

There are now new details and illustrations of the proposal to build a new mixed-use residential tower on the site of 1640-1650 Alberni Street in downtown Vancouver’s West End neighbourhood, on the edge with Coal Harbour. Earlier this year, developers Landa Global Properties and Asia Standard Americas held a pre-application open house for the project, which seeks […]

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19 May

Where to buy in a year of change and challenges

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Posted by: Shahin Golestani

Industrial and multi-family sectors appear safest sectors for investors in 2019 By Frank O’Brien Western Investor April 30, 2019 This new 127-unit Vancouver condo tower by Anthem Properties would require nearly $597,000 per-unit cost just to recapture the $72 million Anthem paid in 2017 for the one-third acre it is to be built on. High home […]

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15 May

Vancouver’s City Square Mall sold for $225m

General

Posted by: Shahin Golestani

City Square Mall, located across from Vancouver City Hall, has sold for $225 million. The nearly 250,000-square-foot shopping centre was purchased by Richmond-based Sun Commercial Real Estate Group (Suncom), according to a new retail market report by real estate firm CBRE. The sales price was more than double its assessed value of $102 million. The 3.3-acre property is […]

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24 Nov

Industrial spaces are Vancouver’s most desired commercial assets

General

Posted by: Shahin Golestani

A new study by the Altus Group found that industrial real estate is the Vancouver market’s most prized investment asset, far outstripping other commercial property types. The Vancouver Flash Report 2018 stated that in the past 8 quarters, nearly 5 million square feet of new industrial space has been injected to the market – and even this […]

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24 Nov

Two downtown Vancouver office buildings acquired for $57.5M

General

Posted by: Shahin Golestani

Two Class A office properties in Gastown and Yaletown have been purchased by Toronto-based Allied Properties Real Estate Investment Trust Tanya Commisso Western Investor November 7, 2018 Two Class A office buildings in downtown Vancouver have been acquired by a Toronto-based real estate manager and developer for $57.5 million. Allied Properties Real Estate Investment Trust has […]

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24 Nov

Self-storage sector demand moving upmarket

General

Posted by: Shahin Golestani

Lock-and-leave investment attracts bigger players and a push for high-end units By Frank O’Brien | November 21, 2018, 12:00pm The Vaults in Calgary and soon in Kelowna: high-end storage features a clubhouse and units that start at $369,900, with enough room to stash your McLaren sports car | Vaults Development Corp. It is no coincidence that two large self-storage […]

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23 Nov

Canada’s commercial market promises an even stronger 2019

General

Posted by: Shahin Golestani

By all current indications and trends, interest and investment volume in Canada’s commercial real estate market will enjoy a strong 2019, a new report from Morguard Corporation assured. In its 2019 Canadian Economic Outlook and Market Fundamentals Report, Morguard stated that the commercial segment’s attractiveness to a wide range of investors will remain its key feature […]

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7 Oct

More than 85 lenders hiked mortgage rates in the past week. Here’s how you can still lock in a great rate

Latest News

Posted by: Shahin Golestani

Canada’s five-year government yield closed at yet another seven-and-a-half-year high Thursday. That’s made lending more expensive, and in turn, inspired over 85 Canadian lenders to hike fixed mortgage rates in the last week. What’s behind It With most U.S.-Canadian trade uncertainty out of the way, a hot U.S. economy, and oil near a four-year high, […]

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27 Sep

Construction underway for fully off-the-grid commercial development in Kelowna

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Posted by: Shahin Golestani

It’s not your usual commercial development: A self-storage facility combined with a co-workspace. But that is what Kelowna, B.C., is getting at the corner of Ellis Street and Bay Avenue. Parent company Ulmus Development claims EcoLock Kelowna will be the first fully off-the-grid, “green” commercial development of its kind in North America. The five-floor and […]

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23 Sep

New York-style condo towers approved for downtown Vancouver (RENDERINGS)

Latest News

Posted by: Shahin Golestani

An entire city block in downtown Vancouver’s West End will be demolished and replaced with two residential towers that provide the city centre with a highly unique faux-heritage architectural flair that also achieves a new green standard. Earlier this week, Vancouver City Council approved a rezoning application by Landa Global Properties and Asia Americas to redevelop […]

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