Metro Vancouver’s high-end house rents plunge as inventory spike

Rental Market Ethel Lariviere 22 Oct

Metro Vancouver’s high-end house rents plunge as inventory spike.
Slowdown of detached home sales, speculation-tax avoidance, Airbnb rules bring flood of high-end houses onto rental market as owners slash rents:

metro-vancouver-s-high-end-house-rents-plunge-as-inventory-spikes-experts-1.23470095?rew.ca%2Fnews=rew.ca%2Fnews&fbclid=IwAR1XWW6Gnl3-dbc8xPF4LuLj-NsntZurrgHvY2pOUWWyTmbjiwnWQVfyARA

 

Kwikwetlem First Nation develop Port Coquitlam industrial site

Western Investor Ethel Lariviere 4 Oct

Kwikwetlem First Nation develop Port Coquitlam industrial site. It is at least a year away from signing its first tenants, but the Aboriginal-owned Kwikwetlem Business Park in Port Coquitlam is not expected to have much problem filling up due to a severe shortage of industrial land across Metro Vancouver. The industrial vacancy rate in the Metro region stands at 1.4 per cent, the lowest in Canada.   https://www.westerninvestor.com/news/british-columbia/kwikwetlem-first-nation-develop-port-coquitlam-industrial-site-1.23449346

Fraser Valley becomes favoured investment destination as giants step in, transit steps up

Western Investor Ethel Lariviere 4 Oct

Fraser Valley becomes favoured investment destination as giants step in, transit steps up. Anticipation of the light-rail transit line linking Newton with central Surrey has helped drive the cost of land zoned for higher-density multi-family in the transit corridor above $4 million per acre. Giant distribution centre and LRT decision reflect reasons Metro developers, investors, homebuyers are heading south across the Fraser. https://www.westerninvestor.com/news/british-columbia/fraser-valley-becomes-favoured-investment-destination-as-giants-step-in-transit-steps-up-1.23451042?rew.ca%2Fnews=rew.ca%2Fnews