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Strong Growth Expected for Commercial Real Estate Sector in 2015

Vancouver, BC – March 5, 2015. The BCREA Commercial Leading Indicator (CLI) rose 0.8 index points to 119.8, the fourth consecutive quarterly increase. The continued advance in the CLI trend points to optimism surrounding the economic environment underlying the commercial real estate market. “Rising consumer confidence combined with a lower value of the loonie and a strengthening US ...

Home buyer and seller activity outpaces historical averages in February

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,061 on the Multiple Listing Service® (MLS®) in February 2015. This represents a 21 per cent increase compared to the 2,530 sales recorded in February 2014, and a 60 per cent increase compared to the 1,913 sales in January 2015. Last month’s sales were 20.2 per cent ...

Strong Growth Expected for Commercial Real Estate Sector in 2015

The BCREA Commercial Leading Indicator (CLI) rose 0.8 index points to 119.8, the fourth consecutive quarterly increase. The continued advance in the CLI trend points to optimism surrounding the economic environment underlying the commercial real estate market. “Rising consumer confidence combined with a lower value of the loonie and a strengthening US economy helped to push the economic activity ...

OPEN HOUSE Sunday Mar. 8th 2:00-4:00 pm 1214 989 Nelson Street, The Electra, Vancouver, BC

  OPEN HOUSE Sunday Mar. 8th 2:00-4:00 pm 1214 989 Nelson Street, The Electra, Vancouver, BC Turnkey investment centrally located in downtown Vancouver. This North-East bright corner unit enjoys city view through floor to ceiling windows and has 9ft ceilings. This impeccably maintained property comes fully furnished, perfect for short or long term rentals (no rental restrictions & no pets). ...

CHINESE WEALTH FOCUSING ON COMMERCIAL REAL ESTATE

A “staggering” amount of Chinese wealth that has poured into Vancouver homes since 2011 is increasingly flowing into commercial real estate deals, realtors say. Colliers’ Spark Report says the global outflow of Chinese capital hit a record of $18 billion in 2014, and the amount flowing to Canada and specifically Vancouver is rising. The report notes several “landmark deals” ...

Laundered Money In Canada's Real Estate Market

  Chinese police agents have been conducting secret operations in Canada — a top destination for allegedly corrupt officials — seeking to “repatriate” suspects and money laundered in real estate. Vancouver city officials will not comment on co-operation with Chinese agents in “Operation Fox Hunt,” or on suspects pointed to by Chinese news services. Xinhua ...

Open House: 1215-161 West Georgia Street Saturday March 7th. 2-4 PM

1215-161 West Georgia Street  Open House: Saturday March 7th 2-4 PM  PRICE: $458,000 1 Bed             1 Bath 1 Parking            1 Storage Strata Fees: $296.89 Taxes: $1,519 (2014)     Enjoy views of the Northshore Mtns, Burrard Inlet, & The City from this immaculate home at the Cosmo ...

BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - March 4, 2015 The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 0.75 per cent. In the press release accompanying the decision, the Bank noted that total CPI inflation has fallen as expected given the significant drop in oil prices, but core inflation has been temporarily boosted by a lower Canadian dollar. ...

302-1560 Homer Mews - The Erickson - Yaletown's finest building

We are proud to introduce Yaletown's finest building - The Erickson!  Welcome to the Erickson - Yaletown's most prestigious address. Luxurious waterfront living awaits you in this gorgeous 2bedroom, 2 1/2 bathroom home complimented with custom millwork throughout, limestone tiles and counters,2 steamshowers, spa - inspired bathrooms, top of the line appliances,floor to ceiling windows,Air ...

302-1560 Homer Mews - The Erickson - Yaletown's finest building

We are proud to introduce Yaletown's finest building - The Erickson!  Welcome to the Erickson - Yaletown's most prestigious address. Luxurious waterfront living awaits you in this gorgeous 2bedroom, 2 1/2 bathroom home complimented with custom millwork throughout, limestone tiles and counters,2 steamshowers, spa - inspired bathrooms, top of the line appliances,floor to ceiling windows,Air Conditioning, ...