UBS Global Real Estate Bubble Index | 2021 | Matt Gul
Posted on Dec 29, 2021
Vancouver
The introduction of vacancy fees and a foreign buyers’ tax in 2016 curbed foreign demand and triggered a price correction in the red-hot housing market of Vancouver. Between 2018 and 2019, real price levels declined by almost 10%. Since then, however, lower prices, falling mortgage rates, and looser stress test rules have enticed household...
Metro Vancouver development stories of 2021
Posted on Dec 21, 2021
Credit: Business Council of British Columbia
This year has been difficult for everyone, especially with the ongoing COVID-19 pandemic. However during these difficult times, the real estate market has been thriving, and along with that, Metro Vancouver has been working on developing and evolving, with many new projects being developed and announced...
Willingdon Lands: 5,000 Homes & 450,000 SQ.FT Film Studio Planned
Posted on Dec 07, 2021
Willingdon Lands Master Plan -Credit: Aquilini Development
Aquilini Development is teaming up with the Musqueam and Tsleil-Waututh Nations on the redevelopment of the Nations’ shared territory in Burnaby, known as the Willingdon Lands.
The mixed-use development proposed for Canada Way and Willingdon Avenue will add approximately 5,000 new housing uni...